In 2023, Horizon was acquired by Monroe Capital, which provides Horizon with access to Monroe's platform, expertise and resources to scale Horizon's sourcing and debt financing capabilities. As of March 31, 2025, HRZN held a portfolio of warrant and equity positions in 105 portfolio companies, including 93 private companies, which provides the potential for future additional returns to shareholders.
Cyborg Score Rationale
In 2024, HRZN's revenue was $99.92 million, a decrease of -11.95% compared to the previous year. The company operates in an attractive venture debt market with strong origination momentum, though analyst sentiment is cautious.
Top Insights
In Q1 2025, HRZN originated over $100 million of new loans and grew its venture debt portfolio for the third consecutive quarter.
Losses in 2024 were -$5.63 million, -67.22% less than in 2023, showing improved profitability trends.
Portfolio includes 93 private companies out of 105 total positions, providing warrants and equity upside potential.
According to 4 analysts, the average rating is "Hold" with a 12-month stock price target of $7.13, representing 5.16% upside from current levels.
Named Competitors
Floating Rate Capital — BDC focused on floating rate debt investments
Opportunistic Credit — Specialty credit and structured credit BDC
Growth Finance — Venture debt and growth capital provider
Recent Developments
(April 2025) HRZN originated $100.3 million of new loans in Q1 with $235.5 million committed backlog
(February 2026) Horizon Technology updated key financing and servicing agreements
(Q3 2025) Earnings call held October 29, 2025 under CEO Michael Balkin
Open the full interactive Horizon Technology Finance Corporation report
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