Horizon Technology Finance (HRZN) Operating Expenses (2021 - 2026)
Horizon Technology Finance's (HRZN) quarterly Operating Expenses came in at $14.8 million in Q1 2026, up 10.6% year-on-year from $13.4 million in Q1 2025, and up 18.98% on a QoQ basis from $12.5 million in Q4 2025.
Horizon Technology Finance (HRZN) Operating Expenses (2021 - 2026) Analysis & Trends
Horizon Technology Finance (HRZN) has 6 years of Operating Expenses data on file, last reported at $14.8 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 10.6% year-over-year to $14.8 million in Q1 2026; TTM through Mar 2026 was $52.0 million, a 2.03% increase from a year earlier, with the FY2025 full-year figure at $50.5 million, changed 0.22% from the prior year.
- Operating Expenses for Q1 2026 stood at $14.8 million, up from $12.5 million in the prior quarter.
- Over the last five years, Operating Expenses for HRZN reached as high as $14.8 million in Q1 2023 and fell as low as $8.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $12.3 million across 5 years, with a median of $12.4 million in 2024.
- Across the five-year window, Operating Expenses surged 77.22% in 2023 and fell 11.43% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $12.0 million in 2022, then climbed by 1.9% to $12.2 million in 2023, then grew by 4.32% to $12.8 million in 2024, then decreased by 2.18% to $12.5 million in 2025, then grew by 18.98% to $14.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $14.8 million in Q1 2026, $12.5 million in Q4 2025, and $12.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Horizon Technology Finance | 208.67 Mn | 135.40 Mn | - | 14.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.84 Mn |
| Dec 31, 2025 | 12.47 Mn |
| Sep 30, 2025 | 11.95 Mn |
| Jun 30, 2025 | 12.70 Mn |
| Mar 31, 2025 | 13.42 Mn |
| Dec 31, 2024 | 12.75 Mn |
| Sep 30, 2024 | 12.35 Mn |
| Jun 30, 2024 | 12.41 Mn |
| Mar 31, 2024 | 13.15 Mn |
| Dec 31, 2023 | 12.22 Mn |
| Sep 30, 2023 | 11.61 Mn |
| Jun 30, 2023 | 11.87 Mn |
| Mar 31, 2023 | 14.84 Mn |
| Dec 31, 2022 | 12.00 Mn |
| Sep 30, 2022 | 12.02 Mn |
| Jun 30, 2022 | 9.90 Mn |
| Mar 31, 2022 | 8.38 Mn |
| Dec 31, 2021 | 8.66 Mn |
| Sep 30, 2021 | 8.26 Mn |