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
DateValue
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