Horizon Technology Finance Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Michael Phillip Balkin
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 312 Farmington Avenue Farmington CT United States of America 06032
- IPO Date
- Oct 29, 2010
- CIK
- 0001487428
- Website
- horizontechfinance.com
- Similar Companies
- Business
- Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company and business development company that provides secured venture loans and growth capital primarily to venture capital- and private equity-backed companies in the technology, life sciences, healthcare information and services, and sustainability sectors; its core offerings include senior secured debt investments with floating interest rates, customized term loans typically maturing in 3-5 years, equipment financing, and equity warrants for potential capital appreciation, with loan sizes ranging from $5 million to $50 million and interest rates generally between 10.5% and 14.5%. Founded in 2006 and headquartered in Stamford, Connecticut, the company operates principally in the United States, targeting development-stage and growth companies including publicly traded small-cap firms, with a portfolio focused on innovative enterprises in high-growth industries. Horizon generates current income from interest on its debt investments, which as of late 2024 yielded approximately 15.9% annualized on debt securities, supplemented by prepayment fees and warrant exercises. In a major strategic development announced during its second quarter 2025 earnings, Horizon entered into a definitive merger agreement with Monroe Capital Corporation (NASDAQ: MRCC) to create a larger venture debt and growth capital platform; the NAV-for-NAV transaction, supported by a partnership with Wendel Group, aims to enhance scale, reduce general and administrative costs, add $165 million in incremental equity capital, diversify the portfolio across over 587 companies, and expand lending capacity particularly to small-cap public companies. Recent operational highlights include originating over $100 million in new loans in the first quarter of 2025 and $59.7 million in the second quarter despite macroeconomic challenges, alongside $79.8 million in loan payoffs generating accelerated income, growing its committed backlog to $235.5 million by early 2025, and increasing its debt facility to $100 million, positioning the firm for continued portfolio expansion to approximately $774 million as of September 2024 with a net asset value per share of $9.71.
Company News
Horizon Technology Finance Provides $15 Million Loan Facility to Bioness Medical
Horizon Technology Finance Corporation (NASDAQ:HRZN) Given Average Rating of “Hold” by Brokerages
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Horizon Technology Finance (HRZN) Q2 2026 Earnings Call Transcript
Horizon Technology Finance Q2 Earnings Call Highlights
Horizon Technology Finance (HRZN) Lags Q2 Earnings and Revenue Estimates
Horizon Technology Finance Announces Regular Monthly Distributions for October, November and December 2026 Totaling $0.18 per Share and Special Distributions for October, November and December 2026 Totaling $0.09 per Share
Horizon Technology Finance Announces Second Quarter 2026 Financial Results
Horizon Technology Finance to Announce Second Quarter 2026 Financial Results
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Horizon Technology Finance (HRZN) Q1 2026 Earnings Call Transcript
Horizon Technology Finance (HRZN) Q1 Earnings Match Estimates
Horizon Technology Finance Announces Regular Monthly Distributions for July, August and September 2026 Totaling $0.18 per Share and Special Distributions for July, August and September 2026 Totaling $0.09 per Share
Horizon Technology Finance Announces First Quarter 2026 Financial Results
Monroe Merger Closes, but Dividend Cut Signals Deeper Trouble Ahead
Horizon Technology Finance Corporation (NASDAQ:HRZN) Given Average Rating of “Reduce” by Brokerages
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