Horizon Tech Finance Pref Shares HTFB 4.875 03/30/26 | 8-K: FY2025 Q2 Revenue: USD 24.52 M
Revenue: As of FY2025 Q2, the actual value is USD 24.52 M.
EPS: As of FY2025 Q2, the actual value is USD 0.28.
Net Investment Income
Net investment income for the second quarter of 2025 was $11.4 million, or $0.28 per share, compared to $12.9 million, or $0.36 per share, for the same period in 2024.
Total Investment Portfolio
The total investment portfolio was valued at $622.7 million as of June 30, 2025.
Net Asset Value
Net asset value was $283.8 million, or $6.75 per share, as of June 30, 2025, compared to $328.8 million, or $9.12 per share, as of June 30, 2024.
Portfolio Yield
The annualized portfolio yield on debt investments was 15.8% for the quarter ended June 30, 2025.
Cash and Credit Facility
As of June 30, 2025, the company had $81.2 million in cash and a credit facility capacity of $329.0 million.
Net Realized and Unrealized Losses
For the quarter ended June 30, 2025, the net realized loss on investments was $9.3 million, and net unrealized depreciation on investments was $22.2 million.
Liquidity Events
During the quarter, Horizon experienced liquidity events from seven portfolio companies, including prepayments and sales of equity investments.
Outlook / Guidance
Horizon Technology Finance Corporation announced a merger with Monroe Capital Corporation, which is expected to significantly increase its size, scale, and capital base. The merger aims to expand Horizon’s ability to provide venture lending solutions, particularly to small-cap public market companies. The company anticipates that the merger will better position it to win larger venture lending transactions and support innovative businesses.
