Horizon Tech Finance Pref Shares HTFB 4.875 03/30/26 | 10-Q: FY2025 Q3 Revenue: USD 26.32 M

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

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

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

Segment Revenue

• Non-Affiliate Investments: The fair value of non-affiliate investments was $557,582 thousand as of September 30, 2025, compared to $657,765 thousand as of December 31, 2024.
• Non-Controlled Affiliate Investments: The fair value was $44,816 thousand as of September 30, 2025, compared to $8,307 thousand as of December 31, 2024.
• Controlled Affiliate Investments: The fair value was $1,116 thousand as of September 30, 2025, compared to $31,819 thousand as of December 31, 2024.

Operational Metrics

• Net Investment Income: For the nine months ended September 30, 2025, net investment income was $36,162 thousand, compared to $37,357 thousand for the same period in 2024.
• Net Realized Loss on Investments: The net realized loss on investments was $31,820 thousand for the nine months ended September 30, 2025, compared to $31,422 thousand for the same period in 2024.
• Net Unrealized Depreciation on Investments: The net unrealized depreciation on investments was $13,796 thousand for the nine months ended September 30, 2025, compared to a net unrealized appreciation of $864 thousand for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $87,055 thousand, compared to $30,073 thousand for the same period in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was $57,016 thousand, compared to $19,147 thousand for the same period in 2024.

Unique Metrics

• Total Investments at Fair Value: The total investments at fair value were $603,514 thousand as of September 30, 2025, compared to $697,891 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: Horizon Technology Finance Corporation aims to continue focusing on its core business of lending and investing in development-stage investments, particularly in the technology, life science, healthcare information and services, cleantech, and sustainability industries.
• Non-Core Business: The company is exploring opportunities to optimize its investment portfolio by potentially divesting non-core assets and reallocating resources to high-growth areas within its core sectors.