Horizon Technology Finance Corp Earnings Recaps
Q1 2026
May 7, 2026
Horizon Technology Finance’s +6.6% stock reaction reflects investor approval of its growing portfolio and strong yield performance, driven by successful deployment of merger capital and an expanding committed backlog.
Key takeaways
- Portfolio grew for a second consecutive quarter to nearly $700 million, with $120 million funded across five new investments.
- Generated net investment income (NII) of $0.19 per share, exceeding monthly distributions totaling $0.09 per share (regular plus special).
- Quarterly portfolio yield on debt investments remained elevated at 15.2%, consistent with industry-leading levels.
- Committed and approved backlog increased to $180 million, up $26 million from Q4 2025, supporting near-term portfolio growth.
- Announced a $10 million stock repurchase program to capitalize on dislocation between share price and net asset value.
Q3 2025
Oct 29, 2025
Horizon Technology Finance Corporation reported robust growth in net investment income and net asset value during Q3 2025, driven by strategic portfolio management and a forthcoming merger with MRCC, anticipated to enhance scalability.
Key takeaways
- Net investment income rose to $0.32 per share, with NAV per share increasing 5% to $7.12.
- The company declared regular monthly distributions of $0.11 per share through March 2026, supported by strong undistributed income.
- Successfully raised $40 million through the issuance of unsecured convertible notes, augmenting balance sheet strength.
- Portfolio yield on debt investments remains among the top in the industry, positioning Horizon for sustained growth.
- A growing pipeline of venture debt transactions highlights robust demand for venture lending solutions.