HRZN

Horizon Technology Finance (HRZN) Q2 2026 Earnings Call Transcript

Horizon Technology Finance NASDAQ: HRZN said its second-quarter net asset value declined primarily because of write-downs tied to one portfolio company, even as the business development company expanded its debt investment portfolio for a third consecutive quarter and reported a larger committed backlog following its April merger with Monroe Capital Corporation.

FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, today announced its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 and Recent Highlights Successfully completed merger with Monroe Capital Corporation (“MRCC”) Net investment income (“NII”) of $7.4 million, or $0.11 per basic share (inclusive of $0.07 per basic share of non-recurring merger expenses), compared.

FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“HRZN” or “Horizon”), an affiliate of Monroe Capital, announced today that it plans to release financial results for the second quarter ended June 30, 2026, on Tuesday, August 4, 2026, after the close of market trading. The Company has scheduled a conference call to discuss the results on Wednesday, August 5, 2026, at 9:00 a.m. ET. The conference call will feature remarks by Mike Balkin, Chief Executive O.

Externally managed BDCs have to meet a high bar to qualify for a durable income portfolio. Their fees and sub-optimal incentives provide a structural headwind for long-term compounding. In my portfolio, I hold 2 externally managed BDCs that have passed the test.

Horizon Technology Finance is upgraded to Hold as portfolio structure shows potential for improvement and management demonstrates commitment through share repurchases. HRZN trades at a 33% discount to NAV, reflecting persistent portfolio and earnings weakness despite a high 15.5% dividend yield with thin coverage. Q1 results were disappointing: net investment income fell to $0.19/share, and interest income declined, but new investments and merger-driven equity injection offer cautious optimism.

In the article I list all monthly-paying BDCs. This list is then reduced to a handful of BDCs. These remaining BDCs, in my view, are the one with the strongest prospect to generate durable income without permanent NAV decay.

Horizon Technology Finance (HRZN) Q1 2026 Earnings Call Transcript

FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) (the “Company”), an affiliate of Monroe Capital, announced today that its board of directors has declared regular monthly cash distributions of $0.06 per share, payable in each of July, August and September 2026, and, in accordance with the Company's previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income, special cash dis.

FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 and Recent Highlights In April, successfully completed merger with Monroe Capital Corporation (“MRCC”), receiving approximately $141.1 million in cash and issuing 20,370,645 shares of common stock in the aggregate to MRCC stockholders Created a n.