HTFA(HTFA)
HTFA
9/14/26
Horizon Technology Finance Corporation 6.25% NT 22 (HTFA)
Monday
8:19 AM
ThesisRecent performance metrics indicate a decline in net income and revenue growth, raising concerns about the sustainability of returns.
Revenue Outlook
| Metric | FY2024 | FY2025 |
|---|---|---|
| Revenue | $100M | $96M |
| Rev. Growth | — | -3.9% |
| EPS | $1.36 | $1.05 |
| EPS Growth | — | -22.8% |
| P/E | — | — |
What Moves the Stock
- 01Changes in interest rates impacting the cost of capital and net interest margins
- 02Performance of portfolio companies affecting investment income
- 03Market sentiment towards venture capital and growth equity investments
- 04Interest income from debt investments (estimated 80%)
- 05Investment income from equity investments (estimated 20%)
- 06Growth in technology and life sciences venture capital
- 07Increased interest in alternative financing solutions
FY2025 Snapshot
- Revenue
- $96M
- Rev. Growth
- -3.9%
- Gross Margin
- 0.0%
- Op. Margin
- 0.0%
- Net Margin
- 47.4%
- Net Income
- $45M
- NI Growth
- -7.7%
- EPS
- $1.05
HTFA Chart
No chart data
My Notes
- "Management noted, 'We are facing headwinds in our portfolio performance, which may impact future distributions.'"
- Moat: Horizon possesses a moderate moat due to its specialized focus on high-growth sectors, but faces increasing competition.
- growth - Investors seeking exposure to high-growth sectors and venture capital opportunities are likely to be attracted to Horizon.
- Rising interest rates can increase borrowing costs for portfolio companies, potentially impacting their growth and repayment ability…
- Watch on earnings: Interest rate trends (e.g., Federal Funds Rate), Performance of venture capital markets, Dividend payout ratio.
One Sentence Summary:
Horizon Technology Finance Corporation 6.25% NT 22: the story is balanced — changes in interest rates impacting the cost of capital and net interest margins.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.
