Horizon Technology Finance Corporation (HRZN)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Horizon Technology Finance Q2 Earnings Call Highlights
Horizon Technology Finance NASDAQ: HRZN said its second-quarter net asset value declined primarily because of write-downs tied to one portfolio company, even as the business development company expanded its debt investment portfolio for a third consecutive quarter and reported a larger committed backlog following its April merger with Monroe Capital Corporation.
Horizon Technology Finance (HRZN) Lags Q2 Earnings and Revenue Estimates
Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.28 per share a year ago.
Horizon Technology Finance: Waiting For Improvements To Materialize
Horizon Technology Finance is upgraded to Hold as portfolio structure shows potential for improvement and management demonstrates commitment through share repurchases. HRZN trades at a 33% discount to NAV, reflecting persistent portfolio and earnings weakness despite a high 15.5% dividend yield with thin coverage. Q1 results were disappointing: net investment income fell to $0.19/share, and interest income declined, but new investments and merger-driven equity injection offer cautious optimism.
Monroe Merger Closes, but Dividend Cut Signals Deeper Trouble Ahead
The merger between Horizon Technology Finance (NASDAQ:HRZN) and Monroe Capital (NASDAQ:MRCC) closed on April 14, 2026, yet shareholders are not celebrating.
The Horizon Merger Gamble: Can Combined Scale Save a Shrinking Payout
Monroe Capital Corporation (NASDAQ:MRCC) shareholders approved a NAV-for-NAV merger with Horizon Technology Finance (NASDAQ:HRZN) expected to close in late Q1 or early Q2 2026.
From 25% Yield to 46% Loss: What Income Investors Missed About HRZN
Horizon Technology Finance (NASDAQ:HRZN) cut its monthly distribution by roughly 45% in early 2026, and the share price has lost nearly half its value over five years.
HRZN's $0.06 Monthly Distribution Looks Razor Thin With Four High-Risk Loans on the Books
Horizon Technology Finance ( NASDAQ:HRZN ) lends venture debt to growth-stage, venture-backed companies in technology, life sciences, and sustainability.
Horizon Technology Finance (HRZN) Q4 2025 Earnings Call Transcript
Horizon Technology Finance (HRZN) Q4 2025 Earnings Call Transcript
Horizon Technology Finance: A Textbook Case Of A Value Trap
Horizon Technology Finance remains a high-risk BDC, trading at a P/NAV of 0.87x with a nearly 12% yield. Nearly 38% of HRZN's portfolio is concentrated in software, amplifying risk given its sector-high weighted average debt yield. Dividend coverage is razor-thin at 100%, leaving no margin for error amid deteriorating portfolio quality and merger uncertainties.
Horizon Technology Finance (HRZN) Q4 Earnings and Revenues Miss Estimates
Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.27 per share a year ago.
Is Horizon Technology Finance (HRZN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Horizon Technology Finance (HRZN) Q3 2025 Earnings Call Transcript
Horizon Technology Finance ( HRZN ) Q3 2025 Earnings Call October 29, 2025 9:00 AM EDT Company Participants Megan Bacon - Director of Investor Relations & Marketing Michael Balkin - CEO & Director Paul Seitz - Senior VP & Chief Investment Officer Daniel Trolio - Executive VP, CFO & Treasurer Conference Call Participants Cory Johnson - UBS Investment Bank, Research Division Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Ladies and gentlemen, greetings, and welcome to the Horizon Technology Finance Corporation Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
