Horizon Technology Finance (HTFC) Operating Expenses (2021 - 2026)
Horizon Technology Finance (HTFC) reported Operating Expenses of $14.8 million for Q1 2026, up 10.6% year-over-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 (HTFC) has 6 years of Operating Expenses data on file, last reported at $14.8 million in Q1 2026.
- Quarterly Operating Expenses rose 10.6% year-over-year to $14.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $52.0 million (up 2.03% YoY) and the FY2025 annual result came in at $50.5 million, changed 0.22% from the prior year.
- Operating Expenses climbed to $14.8 million in Q1 2026 per HTFC's latest filing, from $12.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $14.8 million in Q1 2023 and bottomed at $8.4 million in Q1 2022.
- The 5-year median for Operating Expenses is $12.4 million (2024), against an average of $12.3 million.
- The widest annual swing landed in 2023, when Operating Expenses surged 77.22%; it then fell 11.43% in 2024.
- Tracing HTFC's Operating Expenses over 5 years: stood at $12.0 million in 2022, then grew by 1.9% to $12.2 million in 2023, then increased by 4.32% to $12.8 million in 2024, then slipped by 2.18% to $12.5 million in 2025, then increased by 18.98% to $14.8 million in 2026.
- Per Business Quant, the three latest HTFC Operating Expenses figures stand at $14.8 million (Q1 2026), $12.5 million (Q4 2025), and $12.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Horizon Technology Finance | - | - | - | 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 |