Horizon Technology Finance Past Earnings Performance
Past criteria checks 0/6
Horizon Technology Finance's earnings have been declining at an average annual rate of -45.9%, while the Capital Markets industry saw earnings growing at 7.9% annually. Revenues have been growing at an average rate of 20.3% per year.
Key information
-45.93%
Earnings growth rate
-46.69%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 20.27% |
| Return on equity | -11.69% |
| Net Margin | -36.34% |
| Last Earnings Update | 31 Mar 2025 |
Recent past performance updates
Recent updates
Horizon Technology Finance: Q1 Earnings Disappoint And Reinforce Dividend Weakness
May 06Horizon Technology: One Of My Highest-Conviction No-Gos In The BDC Space
Apr 23Horizon Technology Finance: Buy The Dip For Hefty Dividends And Steady Price Upside
Mar 11Horizon Technology: The Dividend Is No Longer Supported
Dec 288.19% From Horizon Baby Bonds Comes With Low Duration And Decent Credit Score
Oct 29Horizon Technology: Edging Closer To A Potential Dividend Cut
Aug 17Horizon Technology Finance: Drop In Earnings Could Result In Distribution Cut (Rating Downgrade)
Aug 11Horizon Technology: The Risks Have Increased, While Yield Has Remained Unattractive
Jun 21Horizon Technology Finance: Attractive Price Entry Offset By Drop In Portfolio Quality
May 20Horizon Technology Finance: This 12% Yield Is Not As Risky As It Looks (Rating Upgrade)
Apr 19Horizon Technology Finance: Still Too Expensive After The Price Correction
Mar 21Horizon Technology: Time To Be Careful (Rating Downgrade)
Mar 15Horizon Technology: High-Quality BDC But Overvalued
Feb 20Horizon Technology: A 10% Yield For Long-Term Investors
Jan 23Horizon Technology: New Year, More Monthly Dividends
Jan 15Horizon Technology Finance provides $30M of growth capital to Kodiak Robotics
Oct 11Horizon Technology Finance GAAP EPS of $0.35 beats by $0.01, revenue of $18.59M beats by $1.7M
Aug 02Horizon Technology Finance: Put This 10.4% Yield On Your Radar
Jun 30Horizon Technology Finance: An 8.46% Yield You Cannot Miss
Apr 17Horizon Technology Finance: 8.3% Yield, Have Your Money Work For You
Jan 28Horizon Technology Finance: Strong Results And Dividend, But On The Expensive Side
Nov 16Horizon Technology Finance: Income From Venture Growth, But At A Steep Premium
Oct 137% Yield: Horizon Technology Finance Pays You Monthly With No Non-Accruals
Aug 01Revenue & Expenses Breakdown
How Horizon Technology Finance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 25 | 98 | -36 | 18 | 0 |
| 31 Dec 24 | 100 | -6 | 18 | 0 |
| 30 Sep 24 | 105 | -4 | 19 | 0 |
| 30 Jun 24 | 109 | -23 | 19 | 0 |
| 31 Mar 24 | 112 | -14 | 19 | 0 |
| 31 Dec 23 | 113 | -17 | 22 | 0 |
| 30 Sep 23 | 108 | -3 | 23 | 0 |
| 30 Jun 23 | 103 | 15 | 25 | 0 |
| 31 Mar 23 | 93 | 23 | 26 | 0 |
| 31 Dec 22 | 79 | 21 | 23 | 0 |
| 30 Sep 22 | 73 | 19 | 23 | 0 |
| 30 Jun 22 | 66 | 26 | 21 | 0 |
| 31 Mar 22 | 61 | 25 | 20 | 0 |
| 31 Dec 21 | 60 | 28 | 19 | 0 |
| 30 Sep 21 | 53 | 28 | 18 | 0 |
| 30 Jun 21 | 49 | 12 | 16 | 0 |
| 31 Mar 21 | 49 | 13 | 16 | 0 |
| 31 Dec 20 | 46 | 6 | 15 | 0 |
| 30 Sep 20 | 49 | 11 | 16 | 0 |
| 30 Jun 20 | 48 | 19 | 16 | 0 |
| 31 Mar 20 | 45 | 16 | 15 | 0 |
| 31 Dec 19 | 43 | 19 | 14 | 0 |
| 30 Sep 19 | 39 | 16 | 13 | 0 |
| 30 Jun 19 | 35 | 15 | 12 | 0 |
| 31 Mar 19 | 32 | 13 | 11 | 0 |
| 31 Dec 18 | 31 | 13 | 11 | 0 |
| 30 Sep 18 | 28 | 12 | 10 | 0 |
| 30 Jun 18 | 27 | 11 | 9 | 0 |
| 31 Mar 18 | 26 | 9 | 8 | 0 |
| 31 Dec 17 | 26 | 10 | 8 | 0 |
| 30 Sep 17 | 27 | 7 | 8 | 0 |
| 30 Jun 17 | 27 | -2 | 8 | 0 |
| 31 Mar 17 | 31 | -3 | 9 | 0 |
| 31 Dec 16 | 33 | -5 | 10 | 0 |
| 30 Sep 16 | 35 | -2 | 11 | 0 |
| 30 Jun 16 | 35 | 8 | 12 | 0 |
| 31 Mar 16 | 33 | 9 | 12 | 0 |
| 31 Dec 15 | 31 | 12 | 11 | 0 |
| 30 Sep 15 | 30 | 12 | 11 | 0 |
| 30 Jun 15 | 29 | 13 | 11 | 0 |
| 31 Mar 15 | 31 | 14 | 11 | 0 |
| 31 Dec 14 | 31 | 15 | 12 | 0 |
| 30 Sep 14 | 33 | 8 | 12 | 0 |
| 30 Jun 14 | 34 | 7 | 12 | 0 |
Quality Earnings: HRZN is currently unprofitable.
Growing Profit Margin: HRZN is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HRZN is unprofitable, and losses have increased over the past 5 years at a rate of 45.9% per year.
Accelerating Growth: Unable to compare HRZN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HRZN is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (18.2%).
Return on Equity
High ROE: HRZN has a negative Return on Equity (-11.69%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 05:11 |
| End of Day Share Price | 2025/05/20 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Horizon Technology Finance Corporation is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sean-Paul Adams | B. Riley Securities, Inc. |
| Bryce Rowe | B. Riley Securities, Inc. |
| Christopher York | Citizens JMP Securities, LLC |