The earnings call centered around the announcement of a strategic merger between Horizon Technology Finance Corporation and Monroe Capital Corporation, highlighting significant equity infusion, cost savings, and shareholder value creation. While the transaction appears accretive with enhanced scale and liquidity for Horizon, uncertainties related to capital deployment and lack of specific targets for expense reduction are noted.

Company Guidance -

Q3 2025

During the Horizon Technology Finance Corporation's second quarter 2025 earnings call, the company announced a merger with Monroe Capital Corporation. This strategic transaction aims to unlock shareholder value and position Horizon as a leading venture debt and growth capital provider. The merger will generate an estimated $165 million in incremental equity capital for Horizon, enhancing scale and operational efficiencies. The transaction, structured to be accretive and preserve net asset value (NAV), involves two concurrent steps: MRCC selling its assets to MCIP at a 33% premium to share price, and then merging with Horizon through a NAV-for-NAV share exchange. Post-merger, Horizon's capital base is expected to reach approximately $446 million, supporting accelerated growth and reduced per-share operating expenses. This move is anticipated to be accretive to core net investment income due to G&A savings and potential access to lower-cost financing. The merger is scheduled to close in December 2025, pending regulatory and shareholder approvals.

Strategic Merger Announcement

Horizon Technology Finance Corporation and Monroe Capital Corporation announced a strategic merger, aiming to unlock shareholder value and establish Horizon as a leading, well-capitalized venture debt and growth capital provider.

Significant Equity Capital Infusion

The merger is expected to provide the combined company with an estimated $165 million of incremental equity capital, enabling enhanced scale, operating efficiencies, and accelerated growth.

Accretive Transaction with Cost Savings

The merger is structured to be accretive to net investment income, with cost savings of approximately $2.5 million in G&A expenses, representing a 30% reduction.

Shareholder Value Creation

MRCC shareholders are expected to realize a 33% premium to the market trading price as of August 5, 2025, based on MRCC's estimated preliminary NAV.

Enhanced Trading Liquidity and Market Capitalization

The merger aims to enhance trading liquidity and market capitalization for Horizon, rewarding investors in the public BDC space.

Horizon Technology (HRZN) 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

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HRZN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	- / -	0.32	―	―	―
Aug 07, 2025	2025 (Q2)	0.28 / -0.50	0.36	-240.00% (-0.86)
Apr 29, 2025	2025 (Q1)	0.28 / 0.27	0.38	-28.95% (-0.11)	―
Mar 04, 2025	2024 (Q4)	0.32 / 0.27	0.45	-40.00% (-0.18)	―
Oct 29, 2024	2024 (Q3)	0.35 / 0.32	0.53	-39.62% (-0.21)	―
Jul 30, 2024	2024 (Q2)	0.36 / 0.36	0.54	-33.33% (-0.18)
Apr 30, 2024	2024 (Q1)	0.38 / 0.38	0.46	-17.39% (-0.08)
Feb 27, 2024	2023 (Q4)	0.44 / 0.45	0.4	12.50% (+0.05)	―
Oct 31, 2023	2023 (Q3)	0.45 / 0.53	0.43	23.26% (+0.10)
Aug 01, 2023	2023 (Q2)	0.46 / 0.54	0.35	54.29% (+0.19)

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

HRZN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$7.29	$7.06	-3.16%
Apr 29, 2025	$8.43	$7.01	-16.84%
Mar 04, 2025	$8.82	$7.95	-9.86%
Oct 29, 2024	$8.78	$8.50	-3.19%

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 Horizon Technology (HRZN) report earnings?

Horizon Technology (HRZN) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Horizon Technology (HRZN) earnings time?

Horizon Technology (HRZN) earnings time is at Nov 04, 2025, After Close (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 HRZN EPS forecast?

Currently, no data Available

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