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HORIZON TECHNOLOGY FINANCE CORPORATION

HRZN

CIK 0001487428 · Quarterly mode · latest period FY2022 (Q4) (ending 2022-12-31) · sourced from SEC EDGAR

At a glance · FY2022 (Q4)

Revenue
$96K
↓-94.4% -$2Mvs FY2021 (Q4)
Operating Income
$96K
↓-94.4% -$2Mvs FY2021 (Q4)
Gross Profit
$96K
↓-94.4% -$2Mvs FY2021 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Poor
4/100
  • Profitability
    0Insufficient data
  • Liquidity
    0Insufficient data
  • Leverage
    26D/E 1.49 (under 0.5 = conservative)
  • Efficiency
    0Asset Turnover 0.00x (1.0+ = capital-efficient)
  • Growth
    0Revenue YoY -94.4% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Insufficient data

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project HRZN's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

8%

Trailing CAGR unavailable; default 8%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$23.00
Total enterprise IV
$974M
Diluted shares
0.04B
Terminal PV
$706M (72% of total)
Year-5 FCF
$83M
YearProjected FCFDiscounted PV
+1$61M$56M
+2$66M$55M
+3$71M$54M
+4$77M$53M
+5$83M$52M
Terminal$1.14B$706M

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Dividends paid (TTM)
$53M
cash returned to holders

Balance sheet · 2025-12-31

latest filed snapshot
Total assets
$811M
everything owned
Total liabilities
$493M
everything owed
Stockholders' equity
$319M
shareholder claim
Long-term debt
$473M
outstanding bonds + loans

Recent performance · 18 quarters

Revenue↓-94.4% -$2M
$96K
Net Income↑+322.1% +$23M
$31M
Free Cash Flow
$51M

Drill down

HRZN Sankey

See HORIZON TECHNOLOGY FINANCE CORPORATION's revenue flow into every line item of the income statement and balance sheet — every dollar accounted for, with prior-period comparison.

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HRZN Charts

18 quarters of historical line items — Income, Cash Flow, Balance Sheet, plus margins. Click any chart for the trend dialog.

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HRZN Key Metrics

EPS, BVPS, FCF/Share, ROE, ROA, ROIC, D/E, Current Ratio, Quick Ratio, Asset Turnover — 10 CFA-grade fundamentals derived from EDGAR data.

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