Horizon Technology Finance (HRZN) Free Cash Flow (2021 - 2026)

Horizon Technology Finance (HRZN) reported Free Cash Flow of -$42.1 million for Q1 2026, down 219.51% year-over-year from $35.3 million in Q1 2025, and down 38.46% on a QoQ basis from -$30.4 million in Q4 2025.

Horizon Technology Finance (HRZN) has 6 years of Free Cash Flow data on file, last reported at -$42.1 million in Q1 2026.

  • Quarterly Free Cash Flow fell 219.51% year-over-year to -$42.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.7 million (up 308.35% YoY) and the FY2025 annual result came in at $56.6 million, up 1338.38% from the prior year.
  • Free Cash Flow fell to -$42.1 million in Q1 2026 per HRZN's latest filing, from -$30.4 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $54.3 million in Q2 2024 and bottomed at -$85.4 million in Q4 2022.
  • The 5-year median for Free Cash Flow is -$23.7 million (2023), against an average of -$13.7 million.
  • The widest annual swing landed in 2022, when Free Cash Flow plunged 3588.34%; it then jumped 1089.95% in 2024.
  • Tracing HRZN's Free Cash Flow over 5 years: stood at -$85.4 million in 2022, then surged by 113.14% to $11.2 million in 2023, then slumped by 332.86% to -$26.1 million in 2024, then fell by 16.41% to -$30.4 million in 2025, then plunged by 38.46% to -$42.1 million in 2026.
  • Per Business Quant, the three latest HRZN Free Cash Flow figures stand at -$42.1 million (Q1 2026), -$30.4 million (Q4 2025), and $50.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Horizon Technology Finance 215.76 Mn 215.76 Mn - -42.13 Mn

Historic Data

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DateValue
Mar 31, 2026 -42.13 Mn
Mar 31, 2026 -42.13 Mn
Dec 31, 2025 -30.43 Mn
Dec 31, 2025 -30.43 Mn
Sep 30, 2025 50.64 Mn
Sep 30, 2025 50.64 Mn
Jun 30, 2025 49.60 Mn
Jun 30, 2025 49.60 Mn
Mar 31, 2025 -13.19 Mn
Mar 31, 2025 -13.19 Mn
Dec 31, 2024 -26.14 Mn
Dec 31, 2024 -26.14 Mn
Sep 30, 2024 -28.26 Mn
Sep 30, 2024 -28.26 Mn
Jun 30, 2024 54.29 Mn
Jun 30, 2024 54.29 Mn
Mar 31, 2024 4.04 Mn
Mar 31, 2024 4.04 Mn
Dec 31, 2023 11.22 Mn
Dec 31, 2023 11.22 Mn
Sep 30, 2023 -23.73 Mn
Sep 30, 2023 -23.73 Mn
Jun 30, 2023 -5.48 Mn
Jun 30, 2023 -5.48 Mn
Mar 31, 2023 12.73 Mn
Mar 31, 2023 12.73 Mn
Dec 31, 2022 -85.42 Mn
Dec 31, 2022 -85.42 Mn
Sep 30, 2022 -50.12 Mn
Sep 30, 2022 -50.12 Mn
Jun 30, 2022 -55.38 Mn
Jun 30, 2022 -55.38 Mn
Mar 31, 2022 -55.36 Mn
Mar 31, 2022 -55.36 Mn
Dec 31, 2021 -2.32 Mn
Dec 31, 2021 -2.32 Mn