Horizon Technology Finance Corp. (HRZN)

Horizon Technology Finance Corp. (HRZN) — Recent Articles & Press Releases:

Horizon Technology Finance Corp. (HRZN) — Key Stats & Information:

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HRZN has BDC Baby Bonds: HTFB HTFC
RankBDCYield   
#1  OXSQ 22.58%  
#2  GECC 20.47%  
#3  HRZN 19.85%  
#4  PSEC 18.88%  
#5  FSK 17.64%  
#6  TCPC 17.27%  
#7  ICMB 16.72%  
#8  PNNT 15.89%  
• • •   
Current Stock Price:
(Data delayed 20 minutes)
$6.65
Most Recent NAV/Share:
(As of 9/30/2025)
$7.12
Current Price/NAV: .93x
Annualized Regular Dividend: $1.32
Annualized Current Yield: 19.85%
TTM = Trailing Twelve Months
  12/31/2024 3/31/2025 6/30/2025 9/30/2025
NAV/Share: $8.43 $7.57 $6.75 $7.12
Debt/Equity: 1.47 1.26 1.19 1.12
NOI/Share: $0.27 $0.27 $0.28 $0.31
EPS/Share: $-0.32 $-0.53 $-0.50 $0.68
Sum of TTM NOI/Share
(Or NII/share where applicable)
$1.13
TTM NOI Yield:
(As percentage of current $6.65 price)
16.99%
Sum of TTM EPS/Share
$-0.67
TTM EPS Yield:
(As percentage of current $6.65 price)
-10.08%
Sum of TTM Regular Dividends $1.32
TTM Dividend Yield:
(As percentage of current $6.65 price)
19.85%
% Senior Debt % Sub Debt % Equity % Other
93% 0% 7% 0%
Stock Price @ Quarter End:
(Closest close to 9/30/2025)
$6.1
NAV/Share: $7.12
Price/NAV: .86x
Shares Outstanding: 40.04M
Market Cap: 244.26M
Investments at Cost: 686.19M
Investments at Fair Value: 603.51M
Difference: -82.68M
Net Asset Value: 285.11M
Leverage 318.41M
Debt:Equity Ratio 1.12:1
Originations:
(During quarter)
37.50M
Repayments:
(During quarter)
-75.37M
Difference: -37.87M
Realized Gains/Losses:
(During quarter)
-23.79M
Unrealized Gains/Losses:
(During quarter)
40.52M
Non-Accruals at Cost: 8.9%
Non-Accruals at Fair Value: 4.9%
Net Operating Income / Share
(Or Net Investment Income where applicable)
$0.31
EPS/Share $0.68
Regular Dividends/Share $0.33
Regular Dividend Yield (Annualized)
(Against quarter-end $6.1 stock price)
21.64%
Although best efforts are made to minimize errors, there is no guarantee this data is free of error and therefore it should not be relied upon for investment decisions. See full disclaimer.
Base Management Fee: 2%
Fees Paid on Cash?: No
NOI Incentive Fee: 20%
Annual Hurdle Rate: 7%
Capital Gains Fee: 20%
Incentive Catch-Up Provision: Yes
Total Return Hurdle: Yes - 3 Year
Fees on Non-Cash Income: Yes
Notes / Additional Features:
In August 2014, the management agreement was changed to include a 3-year total return hurdle and no management fees charged on cash.
For more information see HRZN SEC filings.
RankBDCPrice/NAV   
• • •   
#9  SCM 1.01x  
#10  GLAD 0.99x  
#11  BXSL 0.98x  
#12  OXSQ 0.95x  
#13  HRZN 0.93x  
#14  GBDC 0.92x  
#15  SAR 0.92x  
#16  PFLT 0.88x  
#17  OBDC 0.85x  
• • •   
Mouse over chart for data details
12/31
2010
...9/30
2025
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12/31
2010
...9/30
2025
 Avg: 1.01x
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12/31
2010
...9/30
2025
(regular quarterly amount annualized)
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12/31
2010
...9/30
2025
 Avg: 10.85%
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12/31
2010
...9/30
2025
 Avg: .76:1
(or NII/share when applicable)
Mouse over chart for data details
12/31
2010
...9/30
2025
RankBDC1Yr NAV/Sh Change  
• • •   
#41  TCPC -13.85% 
#42  GECC -16.86% 
#43  OXSQ -17.02% 
#44  PSEC -20.37% 
#45  HRZN -21.41% 
#46  RAND -33.82% 
#47  ARCC -100.00% 
• • •   
 

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