NASDAQ$HRZN

Horizon Technology Finance Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Horizon Technology Finance Corporation reported its Q2 2025 financial results with lower investment income and a net decrease in net assets.

The company generated total investment income of $24.5 million and net investment income of $11.4 million. It recorded a net decrease in net assets of $20.8 million, or $0.50 per share, and net asset value per share declined to $6.75.

  • Total investment income declined to $24.5 million from $25.7 million in Q2 2024.
  • Net asset value per share fell to $6.75 from $8.43 at year-end 2024.
  • Debt investments at fair value totaled $579.2 million with a weighted average yield of 14.7%.
  • Unfunded commitments stood at $149.0 million and asset coverage was 166%.

Headline financials

Total Revenue

$2.53M

Previous: $15.7M-83.9%
EPS (adj)

-$0.50

Previous: $0.36-238.9%
Net Asset Value per Share

$6.75

No prior period
Debt Investments at Fair Value

$579M

No prior period
Cash and Money Market Funds

$77.9M

No prior period
Unfunded Commitments

$149M

No prior period
Dollar-Weighted Annualized Yield

14.7%

No prior period
Asset Coverage Ratio

166.0%

No prior period
Undistributed Spillover Income per Share

$0.94

No prior period
Net Income

-$20.8M

Previous: -$9.13M-127.5%
Operating Income

-$1.86M

Previous: $11.3M-116.5%
Cash & Equivalents

$77.9M

Previous: $114M-31.4%
Total Assets

$727M

Previous: $787M-7.7%

Revenue & EPS history

Horizon Technology · Revenue · Quarterly

$2.53M

Q2 2025-83.9%vs Q2 2024
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-1.9%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-4.3%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+8.2%

Q3 2022

Best reaction

-16.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+1.2%+8.6%+11.0%
Q4 2025-0.8%-31.6%-30.0%
Q3 2025-1.0%+6.8%+9.7%
Q1 2025-16.8%-17.1%-15.3%
Q4 2024-9.9%-2.2%-11.5%
Q3 2024-4.3%-6.8%-8.3%
Q2 2024-4.4%-7.8%-9.5%
Q1 2024-1.5%+1.6%-0.3%
Q4 2023-6.2%-8.5%-12.6%
Q3 2023+6.4%+8.8%+13.1%
Q2 2023+1.1%-5.4%-9.5%
Q1 2023+0.3%-1.1%+1.1%
Q4 2022-5.5%-9.1%-10.9%
Q3 2022+8.2%+13.5%+13.5%
Q2 2022+3.1%+1.2%-5.9%
Q1 2022+0.1%-0.3%-2.7%
Q4 2021-0.3%-2.6%-10.7%
Q3 2021+2.3%+1.6%-0.8%
Q4 2020-9.0%-11.5%-1.9%

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