Horizon Technology Finance Corporation
Financial ServicesNASDAQ:HRZN · NASDAQ Global Select
-$0.21 today
Vol 0.90M · Avg 0.90M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$74.8M of revenue converted into $21.6M of net income for the selected period. Gross margin is 99.7% and net margin is 85.4%, showing how much revenue survives after costs and taxes. EPS is $0.42, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.0M +17.9% | $33.9M +77.7% | $19.1M -58.3% | $45.8M +1.2% | $45.3M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $32.8M +1.7% | $32.3M +11.3% | $29.0M +50.9% | $19.2M +59.6% | $12.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $7.2M +327.9% | $1.7M +117.1% | -$9.9M -137.1% | $26.6M -19.9% | $33.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 18.0% +13.1pp | 5.0% +56.7pp | -51.7% -109.8pp | 58.1% -15.3pp | 73.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $6.0M +2.6% | $5.8M +3.0% | $5.7M +18.8% | $4.8M +1.9% | $4.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $8.8M +50.9% | $5.8M +0.3% | $5.8M +21.9% | $4.8M -6.0% | $5.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | -$1.6M +61.6% | -$4.2M +73.5% | -$15.7M -171.8% | $21.9M -22.4% | $28.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -4.0% +8.3pp | -12.2% +69.9pp | -82.2% -129.9pp | 47.7% -14.5pp | 62.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$1.6M +61.6% | -$4.2M +73.5% | -$15.7M -171.8% | $21.9M -22.4% | $28.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -4.0% +8.3pp | -12.2% +69.9pp | -82.2% -129.9pp | 47.7% -14.5pp | 62.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $90.5M -6.7% | $97.0M -12.0% | $110.1M +42.3% | $77.4M +42.2% | $54.4M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $32.8M +1.7% | $32.3M +11.3% | $29.0M +50.9% | $19.2M +59.6% | $12.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$1.6M +61.6% | -$4.2M +73.5% | -$15.7M -171.8% | $21.9M -22.4% | $28.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -4.0% +8.3pp | -12.2% +69.9pp | -82.2% -129.9pp | 47.7% -14.5pp | 62.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.1M -28.0% | $1.5M -0.9% | $1.5M +108.4% | $715.0K +78.3% | $401.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | -$2.7M +52.8% | -$5.6M +67.2% | -$17.2M -181.2% | $21.2M -23.9% | $27.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | -6.6% +9.9pp | -16.6% +73.4pp | -90.0% -136.1pp | 46.1% -15.2pp | 61.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +60.8% | -$0 +71.4% | -$1 -165.1% | $1 -38.1% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +60.8% | -$0 +71.4% | -$1 -165.1% | $1 -38.1% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $42.3M +17.3% | $36.1M +16.6% | $31.0M +25.2% | $24.7M +23.5% | $20.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $42.3M +17.3% | $36.1M +16.6% | $31.0M +25.2% | $24.7M +23.5% | $20.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
SuRo Capital Corp.
NASDAQ:SSSS
$357.16M
Destiny Tech100 Inc.
NYSE:DXYZ
$315.19M
Talon Capital Corp. Units
NASDAQ:TLNCU
$268.09M
Oaktree Acquisition Corp. III Life Sciences
NASDAQ:OACC
$263.03M
CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares
NASDAQ:KOYN
$242.26M
Chicago Atlantic BDC, Inc.
NASDAQ:LIEN
$228.21M
TriplePoint Venture Growth BDC Corp.
NYSE:TPVG
$226.14M
TON Strategy Co.
NASDAQ:TONX
$178.07M
Streamex Corp.
STEX
$38.49M
Mount Logan Capital Inc. Common Stock
MLCI
$33.68M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does HRZN generate?
Horizon Technology Finance Corporation (HRZN) reported $40.02M of revenue in fiscal 2025.
Is HRZN profitable?
Horizon Technology Finance Corporation (HRZN) reported -$2,661,000.00 of net income, with a net margin of -6.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.