NASDAQ$WHF
Whitehorse Finance Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
WhiteHorse Finance reported Q1 2026 net investment income after excise tax of $5.6M on its BDC portfolio.
For the quarter ended March 31, 2026, WhiteHorse Finance (WHF), a business development company, earned net investment income after excise tax of approximately $5.6 million versus $6.8 million a year ago. Total investment income was $8.4 million against expenses of $6.8 million. BDC investors focus on net investment income, dividends, and net asset value rather than traditional revenue.
- Net investment income after excise tax ~$5.6M.
- Total investment income $8.4M; expenses $6.8M.
- BDC dividend sustainability tied to NII.
- Middle-market lending and credit marks drive NAV.
Headline financials
Revenue & EPS history
Whitehorse Finance · Revenue · Quarterly
-$307K
Forward guidance
BDC does not provide EPS guidance; discusses portfolio yield and dividend policy.
Tailwinds
- Stable fee and interest income from lending book.
- Excise tax impact remains modest.
Headwinds
- Lower NII year over year.
- Realized/unrealized marks add volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.4%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.0%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+6.0%
Q4 2025
Best reaction
-6.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | -4.6% | -12.2% | |
| Q4 2025 | +6.0% | +17.8% | +12.9% | |
| Q3 2025 | -5.2% | -1.0% | +7.5% | |
| Q1 2025 | +0.8% | -1.1% | -0.4% | |
| Q4 2024 | -4.5% | -5.5% | -14.4% | |
| Q3 2024 | -5.4% | -9.5% | -9.7% | |
| Q2 2024 | -2.4% | -2.6% | +1.9% | |
| Q1 2024 | +1.3% | +0.4% | +2.0% | |
| Q4 2023 | -0.2% | +0.5% | -0.2% | |
| Q3 2023 | -1.1% | -0.2% | +1.6% | |
| Q2 2023 | -6.2% | -5.8% | -4.4% | |
| Q1 2023 | +5.2% | +5.5% | +15.3% | |
| Q4 2022 | +2.3% | +0.4% | -5.2% | |
| Q3 2022 | +1.6% | +4.9% | +7.3% | |
| Q2 2022 | +1.1% | +6.0% | -2.3% | |
| Q1 2022 | -2.1% | -6.0% | -3.9% | |
| Q4 2021 | -1.8% | -3.6% | -1.0% | |
| Q3 2021 | +0.7% | -0.1% | +0.7% | |
| Q4 2020 | +2.3% | +2.2% | +3.8% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro