Horizon Technology Finance Corp (HRZN) Form 10-Q — Aug 4, 2026
Horizon Technology Finance reported Q2 2026 total investment income of $25.0 million, roughly flat with $24.5 million a year earlier, but net investment income fell to $7.4 million from $11.4 million, weighed down by $4.4 million of merger expenses and rising funding costs. Credit quality deteriorated: four investments were on non-accrual status at June 30, 2026 with a cost of $57.0 million and a fair value of $31.3 million, up from three investments costing $32.8 million at year-end 2025. Non-cash PIK income jumped to $1.6 million, or 6.3% of total investment income, from $0.2 million (1.0%) a year ago.
Key figures
- Revenue
- 25045000
- Total Debt
- 402443000
- Revenue Yoy
- +2.1% (Q2 total investment income vs. $24.5M in Q2 2025)
- Total Assets
- 832048000
- Cash Position
- 135011000
- Shares Outstanding
- 67033909
- Nav Per Share
- 6.23 at 6/30/26 vs 6.98 at 12/31/25
- Pi KIncome Q2
- $1.6M vs $0.2M a year ago (6.3% vs 1.0% of total investment income)
- Net Assets Usd
- 417500000
- Non Accrual Count
- 4
- Q2 Merger Expenses
- 4441000
- Non Accrual Cost Usd
- 57000000
- Merger Shares Issued
- 20370645
- Common Stock Repurchase
- $6.2M for 1,365,222 shares
- Q2 Net Investment Income
- 7393000
- Non Accrual Fair Value Usd
- 31300000
- Repayment Of2026 Notes Usd
- 57500000
- Merger Net Assets Acquired Usd
- 140800000
- Distributions Declared Per Share
- 0.27 in Q2 2026 vs 0.33 in Q2 2025
- Q2 Net Investment Income Prior Year
- 11449000
Price after filing
Close on the filing date to close N calendar days later (from $4.40). Historical, not a forecast.
AI analysis
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