HRZN

Company Overview — What Does Horizon Technology Finance Corp Do?

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States. Horizon Technology Finance Corp (HRZN) is classified as a micro-cap stock in the Financials sector, specifically within the Financial Services industry. The company is led by CEO Robert D. Pomeroy, headquartered in FARMINGTON, Connecticut. With a market capitalization of $199M, HRZN is one of the notable companies in the Financials sector.

Horizon Technology Finance Corp (HRZN) Stock Rating — Reduce (April 2026)

As of April 2026, Horizon Technology Finance Corp receives a Reduce rating with a composite score of 37.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.HRZN ranks #3,835 out of 4,446 stocks in our coverage universe. Within the Financials sector, Horizon Technology Finance Corp ranks #834 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

HRZN Stock Price and 52-Week Range

Horizon Technology Finance Corp (HRZN) currently trades at $4.53. The stock lost $0.02 (0.3%) in the most recent trading session. The 52-week high for HRZN is $9.52, which means the stock is currently trading -52.4% from its annual peak. The 52-week low is $4.01, putting the stock 13.1% above its annual trough. Recent trading volume was 484K shares, suggesting relatively thin trading activity.

Is HRZN Overvalued or Undervalued? — Valuation Analysis

Horizon Technology Finance Corp (HRZN) carries a value factor score of 34/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 6.08x, compared to the Financials sector average of 14.88x — a discount of 59%. The price-to-book ratio stands at 0.67x, versus the sector average of 1.22x. The price-to-sales ratio is 4.29x, compared to 0.90x for the average Financials stock. On an enterprise value basis, HRZN trades at 64.25x EV/EBITDA, versus 3.26x for the sector.

At current multiples, Horizon Technology Finance Corp trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Horizon Technology Finance Corp Profitability — ROE, Margins, and Quality Score

Horizon Technology Finance Corp (HRZN) earns a quality factor score of 42/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -1.3%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.5% versus the sector average of 1.2%.

The operating margin is -3.2% (sector: 21.8%). Net profit margin stands at -23.9%, versus 17.7% for the average Financials stock. Revenue growth is running at 8.3% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

HRZN Debt, Balance Sheet, and Financial Health

Horizon Technology Finance Corp has a debt-to-equity ratio of 149.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.65x, suggesting adequate working capital coverage. Total debt on the balance sheet is $473M.

HRZN has a beta of 0.64, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Horizon Technology Finance Corp is 52/100, reflecting average volatility within the normal range for its sector.

Horizon Technology Finance Corp Revenue and Earnings History — Quarterly Trend

In TTM 2026, Horizon Technology Finance Corp reported revenue of $49M and earnings per share (EPS) of $-0.06. Net income for the quarter was $-4M. Operating income came in at $-927,000.

In FY 2025, Horizon Technology Finance Corp reported revenue of $45M and earnings per share (EPS) of $-0.06. Net income for the quarter was $-3M. Revenue grew -7.7% year-over-year compared to FY 2024. Operating income came in at $-5M.

In Q3 2025, Horizon Technology Finance Corp reported revenue of $14M and earnings per share (EPS) of $0.71. Net income for the quarter was $31M. Revenue grew 17.7% year-over-year compared to Q3 2024. Operating income came in at $2M.

In Q2 2025, Horizon Technology Finance Corp reported revenue of $12M and earnings per share (EPS) of $-0.50. Net income for the quarter was $-21M. Revenue grew -10.9% year-over-year compared to Q2 2024. Operating income came in at $-876,000.

Over the past 8 quarters, Horizon Technology Finance Corp has demonstrated a growth trajectory, with revenue expanding from $13M to $49M. Investors analyzing HRZN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

HRZN Dividend Yield and Income Analysis

Horizon Technology Finance Corp (HRZN) does not currently pay a dividend. This is common among smaller companies in the Financial Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

HRZN Momentum and Technical Analysis Profile

Horizon Technology Finance Corp (HRZN) has a momentum factor score of 20/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 30/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 66/100 reflects moderate short selling activity.

HRZN vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Horizon Technology Finance Corp (HRZN) ranks #834 out of 891 stocks based on the Blank Capital composite score. This places HRZN in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing HRZN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full HRZN vs S&P 500 (SPY) comparison to assess how Horizon Technology Finance Corp stacks up against the broader market across all factor dimensions.

HRZN Next Earnings Date

No upcoming earnings date has been announced for Horizon Technology Finance Corp (HRZN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy HRZN? — Investment Thesis Summary

The quantitative profile for Horizon Technology Finance Corp suggests caution. The value score of 34/100 indicates premium valuation. Momentum is weak at 20/100, a headwind for near-term performance.

In summary, Horizon Technology Finance Corp (HRZN) earns a Reduce rating with a composite score of 37.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on HRZN stock.

Related Resources for HRZN Investors

Explore more research and tools: HRZN vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare HRZN head-to-head with peers: HRZN vs WTM, HRZN vs OPY, HRZN vs ACT.