WhiteHorse (M9X) Earnings Dates, Call Summary & Reports

Q: When does WhiteHorse (DE:M9X) report earnings?

WhiteHorse (DE:M9X) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).

Q: What is WhiteHorse (DE:M9X) earnings time?

WhiteHorse (DE:M9X) earnings time is at May 12, 2026, Before Open (Confirmed).

Q: Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

Q: What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

Q: What is the P/E ratio of WhiteHorse stock?

The P/E ratio of {name} is N/A.

Q: What is DE:M9X EPS forecast?

DE:M9X EPS forecast for the fiscal quarter 2026 (Q1) is 0.24.

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Earnings Data

Report Date

May 12, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.24

Last Year’s EPS

0.25

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 02, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mix of constructive operational and capital-management actions — quarter-over-quarter NII growth (~8.2%), a NAV increase (~2.4%), accretive share repurchases, adviser fee relief and an accretive STRS JV — alongside credit realizations, yield compression and continued market skepticism evidenced by a large discount to NAV and a thinner near-term pipeline. Management has taken active steps to support distributions and shareholder value, but material realized losses, some post-quarter credit deterioration and the persistent share-price discount temper enthusiasm.

Company Guidance

The company guided that the Board declared a Q1 2026 base dividend of $0.25 per share plus a $0.01 supplemental distribution, with supplemental payouts determined as the lesser of 50% of quarterly earnings in excess of the base (earnings = NII) and an amount that would cause no more than a $0.15 per‑share NAV decline over the current and prior quarter; management expects roughly 30% of the portfolio could repay in 2026 (consistent with a 3–3.5 year loan life) and noted a below‑normal pipeline today (five sponsored mandates priced at SOFR +4.50–5.50%, nonsponsor pricing generally SOFR +600 bps+). Capital activity/returns guidance includes continued opportunistic buybacks (Q4 repurchased ~1.0M shares for ~$7.4M, accretive to NAV by ≈$0.184/sh; buyback authorization increased by $7.5M to $22.5M with ≈$15M remaining), continued use of the STRS JV (JV fair value $323.6M, avg. yield 9.9%, leverage 1.07x, JV income ≈$3.8M in Q4), and a recent CLO-style securitization (≈$164M AAA notes at 3‑month SOFR +170 bps). They also noted a voluntary adviser incentive fee cut from 20% to 17.5% for Q4 and Q1 (reducing fees by ≈$200k in Q4), Q4 GAAP/core NII of $6.6M or $0.287/sh (vs Q3 $6.1M/$0.263), NAV $11.68 (up from $11.41, +≈2.4%), weighted avg. effective yield on income‑producing debt 11.0% (down from 11.6%) and on the overall portfolio 9.1% (down from 9.5%), total investments $578.6M, cash resources ≈$29.7M (incl. $22.7M restricted), asset coverage 179.1% (vs 150% minimum), net effective debt‑to‑equity ≈1.15x (vs 1.07x prior), and undistributed taxable income ("spillover") ≈$27.6M (pro forma ≈$21.6M after the January distribution).

Improved Quarterly Earnings

Q4 GAAP and core net investment income rose to $6.6 million ($0.287 per share) from $6.1 million ($0.263 per share) in Q3, an increase of approximately 8.2% quarter-over-quarter.

NAV Increase and Accretive Share Repurchases

NAV per share increased to $11.68 from $11.41 at the end of Q3, a ~2.4% increase, supported by repurchases of ~1 million shares for ~$7.4 million that were accretive to NAV by ~$0.184 per share; total repurchase authorization increased to $22.5 million with ~$15 million available.

Maintained Base Dividend and Supplemental Distribution

Board declared a continuing base quarterly distribution of $0.25 per share and paid a Q4 special distribution of $0.035 per share; for Q1 2026 the company declared a $0.01 supplemental distribution in addition to the $0.25 base dividend.

Successful CLO Securitization and Fee Reduction

Completed a term debt securitization (CLO) including $164 million of AAA notes at 3-month SOFR + 170 bps to improve leverage cost/stability; adviser voluntarily reduced incentive fee on NII from 20% to 17.5% for the recent quarter and Q1 2026, reducing incentive fees by ~ $200,000 in Q4.

High-Quality Portfolio Composition

At quarter end 99.7% of the debt portfolio was first lien, senior secured; risk ratings improved with ~85.9% of positions rated 1 or 2 (up from 81.8%); nonaccruals (ex-JV) were modest at 2.4% of the debt portfolio (fair value).

Active Deployment and Portfolio Growth

Gross capital deployments were $77.1 million in Q4 (7 new originations totaling $64 million), offset by $49.6 million of repayments/sales, resulting in net deployments of $27.5 million; total investments increased $10.2 million to $578.6 million.

STRS JV Accretive and Stable

STRS JV fair value was $323.6 million with an average effective yield of 9.9%; the BDC's equity investment in the JV generated low-teens return on equity and recognized ~$3.8 million of income in Q4 (vs. $3.6M in Q3); JV leverage decreased to 1.07x from 1.24x.

Healthy Regulatory and Liquidity Metrics

Asset coverage ratio was 179.1% (above the 150% regulatory minimum); cash resources were $29.7 million (including $22.7 million restricted); undistributed taxable income (spillover) estimated at ~$27.6 million (pro forma ~$21.6M after January 2026 distribution).

WhiteHorse (DE:M9X) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:M9X Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	0.24 / -	0.253	―	―	―
Mar 02, 2026	2025 (Q4)	0.23 / 0.25	0.295	-16.33% (-0.05)
Nov 10, 2025	2025 (Q3)	0.25 / 0.23	0.339	-33.25% (-0.11)
Aug 07, 2025	2025 (Q2)	0.26 / 0.24	0.344	-29.50% (-0.10)
May 12, 2025	2025 (Q1)	0.28 / 0.25	0.4	-36.77% (-0.15)
Mar 07, 2025	2024 (Q4)	0.34 / 0.29	0.392	-24.78% (-0.10)
Nov 07, 2024	2024 (Q3)	0.35 / 0.34	0.4	-15.27% (-0.06)
Aug 08, 2024	2024 (Q2)	0.38 / 0.34	0.392	-12.28% (-0.05)
May 08, 2024	2024 (Q1)	0.40 / 0.40	0.396	0.87% (<+0.01)
Feb 29, 2024	2023 (Q4)	0.40 / 0.39	0.409	-4.20% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:M9X Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 02, 2026	€5.25	€5.35	+1.90%
Nov 10, 2025	€5.89	€5.40	-8.20%
Aug 07, 2025	€6.89	€6.89	0.00%
May 12, 2025	€7.23	€7.32	+1.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does WhiteHorse (DE:M9X) report earnings?

WhiteHorse (DE:M9X) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).

What is WhiteHorse (DE:M9X) earnings time?

WhiteHorse (DE:M9X) earnings time is at May 12, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of WhiteHorse stock?

The P/E ratio of WhiteHorse is N/A.

What is DE:M9X EPS forecast?

DE:M9X EPS forecast for the fiscal quarter 2026 (Q1) is 0.24.