Horizon Technology Finance ( (HRZN) ) has released its Q4 earnings. Here is a breakdown of the information Horizon Technology Finance presented to its investors.
Horizon Technology Finance Corporation is a specialty finance company that provides secured loans to venture capital-backed companies in sectors like technology, life sciences, healthcare, and sustainability. In its latest earnings report, Horizon announced a net investment income of $10.4 million for the fourth quarter of 2024, translating to $0.27 per share, and a net asset value of $8.43 per share. The company also declared regular monthly distributions totaling $0.33 per share through June 2025.
Key financial metrics for Horizon include a debt portfolio yield of 14.9% and a total investment portfolio valued at $697.9 million as of December 31, 2024. The company funded seven loans totaling $59.1 million during the fourth quarter and raised approximately $18.8 million through its at-the-market offering program. Despite a decrease in net investment income compared to the previous year, Horizon maintained its regular monthly distributions.
Throughout 2024, Horizon experienced liquidity events from multiple portfolio companies and continued to manage stressed investments actively. The company’s net investment income for the full year was $47.8 million, covering the regular monthly distributions paid in 2024. Horizon’s management remains focused on growing its portfolio with high-quality venture debt investments and improving credit quality.
Looking ahead, Horizon Technology Finance aims to expand its portfolio with new investments while maintaining a strong focus on credit quality. The company is poised to leverage its capital resources to support its growth strategy in 2025.