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Horizon Technology Finance (HRZN)
NASDAQ:HRZN
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mix of solid operational progress and strategic positioning alongside near-term earnings and NAV pressure. Highlights include industry-leading yields, portfolio growth in Q4, strong liquidity and capital capacity, an improving committed backlog, and a transformational merger expected to expand scale and origination capabilities. Lowlights included a meaningful QoQ and YoY NAV decline, lower Q4 NII per share driven by reduced prepayment income and timing of fundings, modest yield compression, and no incentive fees recognized in the quarter. Overall, the company appears well positioned for growth post-merger but is managing short-term earnings/NAV headwinds.Company Guidance
Strong Debt Portfolio Yields
Debt portfolio yield of 14.3% in Q4 2025 and nearly 16% for full-year 2025, positioning the company among the highest-yielding BDC debt portfolios and supporting future NII generation.
Return to Portfolio Growth and Originations
Total investment portfolio ended the year at $647,000,000. Q4 fundings included nine debt investments totaling $103,000,000, and the company had a committed and approved backlog of $154,000,000 (up $35,000,000 from Q3, a ~29.4% increase).
Robust Liquidity and Capital Capacity
Available liquidity of $189,000,000 (including $143,000,000 cash) and potential new investment capacity of $472,000,000 as of December 31, 2025; debt-to-equity ratio 1.5x and net leverage 1.05x (below target).
Strategic Capital Markets Activity
Raised $57,500,000 via 7% notes due 2028 and $40,000,000 of 5.5% convertible notes due 2030 in 2025; redeemed 2026 public notes in January 2026 using proceeds; opportunistic ATM program raised over $14,000,000.
Merger with MRCC Expected to Expand Scale
Merger delayed into 2026 but special meeting scheduled; closing expected to materially increase capital available for investing, enable larger co-investments with Monroe Capital, and provide economies of scale to originate larger venture loans.
Strong Venture Equity Upside Exposure
Held warrants, equity, and other investments in 97 portfolio companies with fair value of $51,000,000, reflecting structured deals that can generate upside beyond interest income.
Improvement in Asset Quality and Nonaccruals
Aggregate nonaccruals declined quarter-over-quarter from four to three companies; management reported continued active work to optimize recoveries and improve credit quality.
HRZN Earnings History
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 |
|---|---|---|---|
Mar 03, 2026 | $6.11 | $4.68 | -23.32% |
Oct 28, 2025 | $5.62 | $6.14 | +9.32% |
Aug 07, 2025 | $6.59 | $6.38 | -3.25% |
Apr 29, 2025 | $7.61 | $6.34 | -16.77% |
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 Finance (HRZN) report earnings?
Horizon Technology Finance (HRZN) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Horizon Technology Finance (HRZN) earnings time?
Horizon Technology Finance (HRZN) earnings time is at May 05, 2026, 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?
HRZN EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.