Stocks · Financial Services · Asset Management
Horizon Technology Finance Corp HTFC
$24.77 -1.28% Close, Oct 2, 2026 · NYSE · Market cap $228.2M
High quality
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count rose 57.6% in a year.
- The shares trade at 71.0× trailing earnings, higher than 91% of the company's own readings over the past five years.
- Net debt is 12.1× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- FCF growth (TTM, YoY)Top 8%
- Revenue growth, 3-year CAGRBottom 4%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 22%
- Gross marginTop 20%
- Operating marginTop 4%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 7%
- Net debt / EBITDA (lower is better)Bottom 10%
- Interest coverTop 30%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 19%
- Free-cash-flow yieldTop 4%
- EBITDA / enterprise valueBottom 38%
- Sales / enterprise valueBottom 28%
- P/E vs own 5-year history (lower is better)Bottom 11%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 30%
- 6-month returnBottom 22%
- 1-year return vs S&P 500Bottom 35%
- Distance from 52-week highTop 12%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 16%
- Consecutive EPS beatsBottom 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 17%
- Maximum drawdown, 3 yearsTop 15%
- Beta vs S&P 500 (lower is better)Top 15%
- Net debt / EBITDA (lower is better)Bottom 10%
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Gross margin | 77.6% | — | Top 20% | |
| Operating margin | 61.7% | — | Top 4% | |
| Net margin | 4.6% | — | — | |
| Free-cash-flow margin | 137.6% | — | — | |
| Return on invested capital | 7.3% | — | Top 22% | |
| Revenue growth, 3-year CAGR | -4.4% | — | Bottom 4% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -17.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 12.12×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 29.54%
- Net buyback yield (TTM)
- -1.89%
- Shareholder yield
- 27.65%
- Share count change, 1 year
- +57.6%
- Share count change, 3-year CAGR
- +29.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -8.6%
- Average 2-day reaction, last 8
- +0.0%
- Positive 20 days after report
- 6 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | -12.8% | -0.2% | +0.3% | +0.4% | — |
| May 5, 2026 | +3.5% | +0.4% | +1.2% | +0.3% | -0.1% |
| Mar 3, 2026 | -38.3% | -0.1% | -0.3% | -2.9% | -1.6% |
| Oct 28, 2025 | +13.2% | +0.4% | +0.9% | +0.3% | +1.1% |
| Aug 7, 2025 | +1.0% | -0.4% | -0.3% | +0.4% | +0.4% |
| Apr 29, 2025 | -17.1% | -0.1% | +0.2% | +1.2% | +1.8% |
| Mar 4, 2025 | -15.3% | -0.3% | -0.1% | -1.9% | -1.3% |
| Oct 29, 2024 | -8.6% | +0.3% | -0.0% | +0.7% | +0.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $0.11 | $0.13 | -12.8% | $25.0M |
| May 5, 2026 | $0.19 | $0.18 | +3.5% | $24.1M |
| Mar 3, 2026 | $0.18 | $0.29 | -38.3% | $20.7M |
| Oct 28, 2025 | $0.31 | $0.27 | +13.2% | $26.3M |
| Aug 7, 2025 | $0.28 | $0.28 | +1.0% | $24.5M |
| Apr 29, 2025 | $0.27 | $0.33 | -17.1% | $24.5M |
| Mar 4, 2025 | $0.27 | $0.32 | -15.3% | $23.5M |
| Oct 29, 2024 | $0.32 | $0.35 | -8.6% | $24.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 71.0× | 28.5× | 91th | Bottom 19% |
| P/E (forward) | 23.7× | — | — | — |
| EV / EBITDA | 22.4× | — | — | Bottom 38% |
| EV / Sales | 4.54× | — | — | Bottom 28% |
| Free-cash-flow yield | 66.13% | — | — | Top 4% |
| Earnings yield | 1.41% | — | — | Bottom 19% |
P/E over the past five years
Range 17.5× – 71.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.2%
- 200-day average slope (20 days)
- +0.0%
- Distance from 50-day average
- -0.7%
- Distance from 200-day average
- -0.4%
- RSI (14)
- 42.9
- Relative volume
- 1.51×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 5.9%
- Volatility vs own 5-year history
- 26th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.06
- Correlation with S&P 500
- 0.23
- Current drawdown from 1-year high
- -1.7%
- Maximum drawdown, 3 years
- -4.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 8, 2022 | Sep 27, 2022 | -12.3% | 13 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $228.2M
- P/E (TTM)
- 71.0
- EPS, diluted (TTM)
- $0.35
- Revenue (TTM)
- $109.7M
- Dividend yield
- 6.31%
- 52-week range
- $24.40 – $25.29
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $45.3M | $45.8M | $19.1M | $33.9M | $40.0M |
| Gross profit | $33.3M | $26.6M | -$9.9M | $1.7M | $7.2M |
| Operating income | $28.2M | $21.9M | -$15.7M | -$4.2M | -$1.6M |
| Net income | $27.8M | $21.2M | -$17.2M | -$5.6M | -$2.7M |
| EPS (diluted) | $1.39 | $0.86 | -$0.56 | -$0.16 | -$0.06 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0M | -$2.4M | -$10.8M | -$9.9M | $41.6M | $19.2M | $23.9M | $25.0M |
| Net income | $7.3M | -$12.4M | -$21.4M | -$20.8M | $30.7M | $8.8M | $2.8M | -$37.3M |
| EPS (diluted) | $0.20 | -$0.34 | -$0.53 | -$0.50 | $0.67 | $0.19 | $0.06 | -$0.57 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$76.0M | -$246.3M | $50.1M | $39.6M | $56.6M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$76.0M | -$246.3M | $50.1M | $39.6M | $56.6M |
| Dividends paid | -$24.6M | -$29.8M | -$40.5M | -$46.4M | -$53.1M |
| Net share buybacks | $30.1M | $84.6M | $65.1M | $66.4M | $14.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $135.0M
- Total assets
- $832.0M
- Total liabilities
- $414.5M
- Total debt
- $402.4M
- Net debt
- $270.1M
- Shareholders’ equity
- $417.5M
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.39 | Sep 30, 2026 |
| Jun 15, 2026 | $0.39 | Jun 30, 2026 |
| Mar 13, 2026 | $0.39 | Mar 30, 2026 |
| Dec 15, 2025 | $0.39 | Dec 30, 2025 |
| Sep 15, 2025 | $0.39 | Sep 30, 2025 |
| Jun 13, 2025 | $0.39 | Jun 30, 2025 |
| Mar 14, 2025 | $0.39 | Mar 31, 2025 |
| Dec 13, 2024 | $0.39 | Dec 30, 2024 |
Short interest
- Shares sold short
- 5,204
- Days to cover
- 1.17
- Change vs previous report
- -35.7%
FINRA short interest, settlement date Sep 15, 2026.