Horizon Technology (HRZN)
NASDAQ:HRZN
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.28Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated meaningful strategic and financial progress — notably the MRCC merger that added $141 million of capital, formation of a new JV, portfolio growth to ~$696 million, industry-leading debt yields (~15.2%), increased backlog and strong liquidity/capacity. Offsetting items included a YoY decline in NAV and NII per share, modestly lower total investment income, elevated prepayments of $63 million, higher operating expenses and an anticipated one-time $4.3 million merger expense. On balance, the positives around balance sheet strengthening, deal flow, high yields, and clear plans to deploy capital and return value to shareholders outweigh the near-term headwinds.Company Guidance
Completed Strategic Merger and New Joint Venture
Closed merger with Monroe Capital (MRCC) in April, adding $141 million of equity capital and materially increasing investment capacity; formed RoHo joint venture with Roth Capital in March to provide growth financing to small and microcap public companies.
Portfolio Growth and Deployments
Funded 5 investments totaling $120 million in Q1, marking the second consecutive quarter of portfolio growth and bringing total portfolio to approximately $696 million.
Strong Debt Portfolio Yield
Debt portfolio yield of 15.2% for the quarter (up from 15.0% in prior-year quarter), and onboarding yields of ~12%, positioning the company near the top of the BDC industry on yield.
Increased Backlog and Pipeline Momentum
Committed and approved backlog rose to $180 million (up $26 million, +16.9% vs Q4), and since quarter-end the company has been awarded 5 new venture loan transactions representing $90 million in commitments (including Stellar Cyber closed in April).
Liquidity, Leverage and Capacity Strengthened
Available liquidity of $105 million ( $73M cash + $32M undrawn) as of March 31; debt-to-equity 1.35:1 and net leverage 1.13:1 (below target); potential new investment capacity of $357 million as of March 31, reflecting the post-merger capital increase.
NII Covered Distributions and Undistributed Income
Generated net investment income (NII) of $0.19 per share for Q1, which exceeded declared distributions for the quarter; undistributed spillover income of $0.52 per share supports declared monthly distributions of $0.06 and special $0.03 per share for July–September 2026.
Capital Return and Balance Sheet Actions
Plan to utilize existing $10 million stock repurchase program given valuation dislocation; paid down KeyBank facility post-merger, improving credit profile and capacity.
Equity Upside Potential in Portfolio
Held warrants, equity and other investments in 99 companies with fair value of $50 million, reflecting embedded upside from venture debt structuring.
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 |
|---|---|---|---|
May 05, 2026 | $4.23 | $4.58 | +8.27% |
Mar 03, 2026 | $5.94 | $4.56 | -23.32% |
Oct 28, 2025 | $5.47 | $5.98 | +9.33% |
Aug 07, 2025 | $6.41 | $6.20 | -3.24% |
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 Aug 04, 2026, After Close (Confirmed).
What is Horizon Technology (HRZN) earnings time?
Horizon Technology (HRZN) earnings time is at Aug 04, 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 (Q2) is 0.16.