abrdn Healthcare Opportunities Fund (THQ)
Managed by Tekla Capital Management LLC, the Tekla Healthcare Opportunities Fund operates as a closed-end, balanced mutual fund. This fund strategically allocates capital across global public equity and debt markets, with a core investment objective of acquiring securities from companies within the healthcare sector. It also invests in various pooled investment vehicles. For its fixed income component, the fund holds corporate debt securities across the full spectrum of credit ratings. Established on April 2, 2014, and domiciled in the United States, its portfolio performance is measured against both the S&P 1500 Healthcare Index and the S&P 500 Index.
Industry: Asset Management
Abrdn Healthcare Opportunities Fund
NYSE:THQFinancial Services · Asset Management
-2.23%$18.38
AH Close$18.38+0.00%vs close
AH Close$18.38+0.00%vs close
Mkt Cap$761.62M
Float41.44M
O/S41.44M
Inst Own19.4%
SI0.1%
Div Yield11.65%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue-$100.83M
Net Income-$114.84M
Total Assets$970.21M
Free Cash Flow$354K
Debt & Equity
Debt 23%
Equity 77%
Total Debt$225M
Total Equity$740.7M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in THQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$970.21M
Liabilities$229.51M
Accounts Receivable$4.32M
Accounts Payable$657K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 |
| Revenue | -$100.83M | $191.1M | $80.51M | $69.58M | $196.54M | $118.37M | -$40.14M | $97.71M | $102.78M | $54.59M | $19.63M | $1.19M |
| YoY Growth | -152.8% | 137.3% | 15.7% | -64.6% | 66.0% | -394.9% | -141.1% | -4.9% | 88.3% | 178.1% | 1549.2% | - |
| Cost of Revenue | $12.91M | $14.97M | $12.31M | $13.17M | $2.13M | $0 | $11.45M | $11.76M | $11.58M | $11.65M | $14.43M | $1.53M |
| Gross Profit | -$113.75M | $191.1M | $68.21M | $56.4M | $196.54M | $118.37M | -$51.58M | $85.95M | $91.2M | $42.94M | $5.2M | -$340K |
| Gross Margin | 112.8% | 100.0% | 84.7% | 81.1% | 100.0% | 100.0% | 128.5% | 88.0% | 88.7% | 78.7% | 26.5% | -28.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $2 | $2 | $0 | $0 |
| Selling, General, and Administrative | $1.08M | $1.5M | $1.31M | $1.48M | $1.28M | $1.17M | $1.18M | $1.29M | $1.39M | $2 | $147K | $180K |
| Other | $14K | $39K | $587K | $616K | $611K | $554K | $542K | $557K | $549K | $43.73M | $387K | $30K |
| Total Operating Expenses | $1.1M | $1.54M | $1.9M | $2.1M | $1.89M | $1.72M | $1.72M | $1.85M | $1.94M | -$48.73M | $533K | $210K |
| Operating Income (EBIT) | -$114.84M | $204.54M | $13.52M | -$82.43M | $194.65M | $116.64M | -$41.86M | $101.82M | $105.16M | $91.67M | $4.67M | -$560K |
| Operating Margin | 113.9% | 107.0% | 16.8% | -118.5% | 99.0% | 98.5% | 104.3% | 104.2% | 102.3% | 167.9% | 23.8% | -47.1% |
| Interest Expense | $12.91M | $14.97M | $13.09M | $3.83M | $2.13M | $4.65M | $7.34M | $5.96M | $4.32M | $3.09M | $30.09M | $17.36M |
| Interest Income | $7.19M | $9.24M | $7.13M | $4.9M | $4.56M | $5.78M | $5.7M | $5.64M | $5.82M | $0 | $0 | $0 |
| Other Income (Expense) | -$12.92M | -$14.97M | $39.26M | -$3.83M | $0 | $0 | $0 | $11.76M | $11.58M | -$3.09M | $30.09M | $17.36M |
| Income Before Tax (EBT) | -$114.84M | $189.56M | $52.79M | -$86.25M | $194.65M | $116.64M | -$41.86M | $95.86M | $100.84M | $88.58M | $34.76M | $16.8M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K | $0 | $0 | $0 |
| Net Income | -$114.84M | $189.56M | $52.79M | -$86.25M | $194.65M | $116.64M | -$41.86M | $95.86M | $100.84M | $91.67M | $34.76M | $16.8M |
| Net Income Margin | 113.9% | 99.2% | 65.6% | -124.0% | 99.0% | 98.5% | 104.3% | 98.1% | 98.1% | 167.9% | 177.1% | 1411.8% |
| Supplementary Data | ||||||||||||
| EPS | -2.78 | 4.58 | 1.28 | -2.09 | 4.71 | 2.82 | -1.01 | 2.28 | 2.32 | 2.11 | 0.79 | 0.38 |
| Diluted EPS | -2.78 | 4.58 | 1.28 | -2.09 | 4.71 | 2.82 | -1.01 | 2.28 | 2.32 | 2.11 | 0.79 | 0.38 |
| Weighted Average OS | 41.38M | 41.36M | 41.24M | 41.36M | 41.33M | 41.36M | 41.46M | 42.05M | 43.47M | 43.55M | 43.88M | 43.88M |
| EBITDA | -$114.84M | $204.54M | $65.88M | -$82.2M | $194.89M | $0 | -$41.86M | $101.82M | $105.16M | $88.58M | $64.85M | $34.16M |
| EBITDA Margin | 113.9% | 107.0% | 81.8% | -118.1% | 99.2% | - | 104.3% | 104.2% | 102.3% | 162.3% | 330.4% | 2870.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $0 | $0 | $538 | $17.44M | $932 | $19.97M | $486 | $0 | $5.55M | $533 | $0 | $120.6M |
| Short-Term Investments | $0 | $61.4M | $40.17M | $0 | $0 | $0 | $17.04M | $25.54M | $0 | $18.03M | $0 | $0 |
| Cash and Short-Term Investments | $5.49M | $61.4M | $40.17M | $17.44M | $932 | $19.97M | $17.04M | $25.54M | $5.55M | $18.03M | $0 | $120.6M |
| Accounts Receivable | $4.32M | $2.27M | $2.16M | $3.27M | $2.32M | $3.89M | $2.21M | $4.31M | $2.49M | $2.5M | $2.9M | $22.6M |
| Inventory | $0 | $0 | $42.33M | $0 | $0 | $0 | $61.94M | $24.71M | $60.63M | $0 | $0 | $0 |
| Other Current Assets | $0 | -$2.4M | -$42.33M | $0 | -$79K | -$79K | -$2.21M | -$24.71M | -$60.63M | -$20.53M | $0 | $0 |
| Total Current Assets | $4.53M | $61.4M | $2.16M | $3.27M | $2.32M | $23.86M | $19.25M | $29.84M | $8.04M | $2.5M | $2.9M | $143.2M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $960.2M | $1.17B | $1.06B | $1.06B | $1.24B | $1.08B | $990.77M | $1.09B | $1.11B | $1.05B | $1.05B | $785M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $965.68M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.09B | -$1.11B | $18.05M | -$1.05B | -$785M |
| Total Long-Term Assets | $965.68M | $1.17B | $1.06B | $1.06B | $1.24B | $1.08B | $990.77M | $1.09B | $1.11B | $1.07B | $1.05B | $785M |
| Other Assets | $0 | -$59M | $81K | $82K | $93K | $2.75M | $77K | $99K | $100K | $120K | $100K | $100K |
| Total Assets | $970.21M | $1.17B | $1.06B | $1.07B | $1.24B | $1.11B | $1.01B | $1.12B | $1.12B | $1.07B | $1.05B | $928.3M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $657K | $0 | $2.81M | $1.5M | $35.39M | $41.53M | $3.22M | $217K | $17.79M | $0 | $100K | $76.2M |
| Short-Term Debt | $225M | $225M | $225M | $225M | $0 | $0 | $225M | $225M | $225M | $225M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$223.5M | $0 | $0 | -$221.78M | -$224.78M | -$207.21M | -$225M | $0 | $0 |
| Other Current Liabilities | $0 | -$228.78M | -$225M | -$2.81M | -$401K | $0 | -$3.22M | -$217K | -$17.79M | $2.9M | $3M | -$76.2M |
| Total Current Liabilities | $657K | $3.78M | $2.81M | $1.5M | $35.39M | $41.53M | $3.22M | $217K | $17.79M | $10.6M | $3.1M | $76.4M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $225M | $225M | $225M | $225M | $225M | $0 | $0 | $0 | $0 | $225M | $225M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $3.85M | $4.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $228.85M | $229.2M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $2.7M |
| Other Liabilities | $0 | $229.2M | $1.73M | $3.95M | $2.66M | $1.36M | $2.19M | $2.02M | $2.25M | $47K | $0 | $1M |
| Total Liabilities | $229.51M | $229.2M | $229.54M | $230.45M | $263.05M | $267.88M | $230.41M | $227.23M | $245.04M | $235.65M | $228.1M | $80.1M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $414K | $414K | $414K | $414K | $413K | $413K | $794.03M | $804.67M | $830.09M | $833.6M | $836.3M | $836.3M |
| Retained Earnings | $65.81M | $184.49M | $40.15M | $43.2M | $185.28M | $46.43M | -$14.35M | $83.57M | $3.05M | -$219K | $53.1M | $6.1M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $41.6M | $3.7M | -$65.7M | $5.8M |
| Other Stockholders' Equity | $674.48M | $759.02M | $791.96M | $791.96M | $791.67M | $791.58M | $0 | $0 | $42.52M | $3.7M | -$65.7M | $5.8M |
| Total Equity | $740.7M | $943.92M | $832.52M | $835.57M | $977.36M | $838.43M | $779.69M | $888.24M | $875.66M | $837.07M | $823.7M | $848.2M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $970.21M | $1.17B | $1.06B | $1.07B | $1.24B | $1.11B | $1.01B | $1.12B | $1.12B | $1.07B | $1.05B | $928.3M |
| Supplementary Data | ||||||||||||
| Total Debt | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $225M | $0 |
| Net Debt | $225M | $225M | $225M | $207.56M | $225M | $205.03M | $225M | $225M | $219.45M | $225M | $225M | -$120.6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 |
| Operating Activities | |||||||||||
| Net Income | -$114.84M | $189.56M | $52.79M | -$86.25M | $194.65M | $116.64M | -$41.86M | $95.86M | $100.84M | $88.58M | $34.76M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $27K | -$118K | -$73K | -$46K | $150K | $26K | -$211K | $488K | -$153K | $546K | $19.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.6M | $0 |
| Accounts Payable | $0 | $45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.6M | $76.1M |
| Other Working Capital | -$588K | -$98K | $1.18M | $1.13M | $186K | -$703K | $949K | -$1.04M | $486K | -$730K | -$382.16M |
| Total Working Capital Change | -$560K | -$171K | $1.11M | $1.08M | $336K | -$677K | $739K | -$548K | $333K | -$184K | -$286.36M |
| Other Non-Cash Items | $115.76M | -$111.13M | $1.92M | $140.72M | -$161.92M | -$52.45M | $99.39M | $7.93M | -$33.31M | -$73.36M | -$34.76M |
| Net Cash from Operating | $354K | $78.26M | $55.81M | $55.56M | $33.07M | $63.51M | $58.27M | $103.25M | $67.87M | $15.59M | -$286.36M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$437.15M | -$456.14M | -$481.77M | -$591.7M | $0 | $0 | -$567.98M | -$430.98M | -$354.82M | -$475.41M | $0 |
| Sales of Investments | $469.26M | $551.76M | $563.76M | $602.51M | $0 | $0 | $635.96M | $493.48M | $441.16M | $541.67M | $0 |
| Other Investing Activities | $0 | -$95.61M | -$81.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $32.11M | $95.61M | $73.96M | $10.81M | $0 | $0 | $67.98M | $62.5M | $86.34M | $66.26M | $0 |
| Financing Activities | |||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$2.04M | -$10.64M | -$25.42M | -$3.51M | -$2.71M | $0 |
| Dividends Paid | -$88.38M | -$78.26M | -$55.81M | -$55.56M | -$55.72M | -$55.87M | -$56.13M | -$57.84M | -$58.81M | -$72.29M | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.54M | $0 | $0 | $165.76M |
| Net Cash from Financing | -$88.38M | -$78.26M | -$55.81M | -$55.56M | -$55.72M | -$57.91M | -$66.77M | -$108.81M | -$62.31M | -$74.99M | $165.76M |
| Forex Effect | $61.4M | -$21.23M | -$23.71M | -$10.81M | $0 | $0 | -$67.98M | -$62.5M | -$86.34M | -$6.85M | $0 |
| Net Change in Cash | $5.49M | -$538 | -$381 | -$13 | -$22.65M | $5.61M | -$8.5M | -$5.55M | $5.55M | $430 | -$120.59M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $354K | $78.26M | $55.81M | $55.56M | $33.07M | $63.51M | $58.27M | $103.25M | $67.87M | $15.59M | -$286.36M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $354K | $78.26M | $55.81M | $55.56M | $33.07M | $63.51M | $58.27M | $103.25M | $67.87M | $15.59M | -$286.36M |
| Cash at Beginning | $0 | $538 | $919 | $932 | $22.65M | $17.04M | $25.54M | $5.55M | $533 | $103 | $120.6M |
| Cash at End | $5.49M | $0 | $538 | $919 | $932 | $22.65M | $17.04M | $51 | $5.55M | $533 | $5K |