Horizon Technology Finance (HRZN) Operating Margin (2022 - 2026)

Horizon Technology Finance (HRZN) has 5 years of Operating Margin data on file, last reported at 37.26% in Q1 2026.

• On a quarterly basis, Operating Margin fell 647.0% year-over-year to 37.26% in Q1 2026; TTM through Mar 2026 was 44.24%, a 170.0% decrease from a year earlier, with the FY2025 full-year figure at 46.25%, down 157.0% from the prior year.
• Operating Margin for Q1 2026 stood at 37.26%, up from 34.49% in the prior quarter.
• Over the last five years, Operating Margin for HRZN reached as high as 60.17% in Q3 2023 and fell as low as 34.49% in Q4 2025.
• Historically, Operating Margin has averaged 47.44% across 5 years, with a median of 48.17% in 2022.
• Across the five-year window, Operating Margin soared 1228 bps in 2023 and tumbled 1177 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 48.17% in 2022, then gained by 7 bps to 51.34% in 2023, then decreased by 23 bps to 39.57% in 2024, then declined by 13 bps to 34.49% in 2025, then advanced by 8 bps to 37.26% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 37.26% in Q1 2026, 34.49% in Q4 2025, and 54.59% in Q3 2025.