Horizon Tech | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 26.32 M

Revenue: As of FY2025 Q3, the actual value is USD 26.32 M, beating the estimate of USD 22.99 M.

EPS: As of FY2025 Q3, the actual value is USD 0.68, beating the estimate of USD 0.2792.

EBIT: As of FY2025 Q3, the actual value is USD -2.027 M.

Net Investment Income

• Net investment income for the third quarter of 2025 was $14.0 million, or $0.32 per basic share, compared to $11.8 million, or $0.32 per basic share, for the same period in 2024.

Total Investment Portfolio

• The total investment portfolio was valued at $603.5 million as of September 30, 2025.

Net Asset Value

• Net asset value was $315.7 million, or $7.12 per share, as of September 30, 2025.

Portfolio Yield

• The annualized portfolio yield on debt investments was 18.6% for the quarter.

Cash and Liquidity

• Cash was $130.9 million, with a credit facility capacity of $329.0 million as of September 30, 2025.

Operating Results

• Total investment income for the quarter was $26.3 million, up from $24.6 million in the prior-year period, primarily due to higher fee and interest income.
• Total expenses for the quarter were $12.0 million, compared to $12.4 million for the same period in 2024.

Net Realized and Unrealized Gains/Losses

• Net realized loss on investments was $22.5 million, compared to a loss of $33.9 million in the prior-year period.
• Net unrealized appreciation on investments was $40.5 million, compared to $29.3 million in the prior-year period.

Liquidity Events

• Horizon experienced liquidity events from eight portfolio companies during the quarter.

Outlook / Guidance

• Horizon Technology Finance Corporation is moving towards completing its merger with Monroe Capital Corporation, which is expected to better position the company to win larger venture lending transactions and grow its portfolio. The company declared monthly distributions of $0.11 per share payable in January, February, and March 2026.