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% quarter-over-quarter from $12.5 million in Q4 2025.
Horizon Technology Finance (HTFC) Operating Expenses (2021 - 2026) Analysis & Trends
Horizon Technology Finance (HTFC) has 6 years of Operating Expenses data on file, last reported at $14.8 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $14.8 million, up 10.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $52.0 million (up 2.03% YoY), and the FY2025 annual result was $50.5 million, changed 0.22% from the prior year.
- Operating Expenses advanced to $14.8 million in Q1 2026 per HTFC's latest filing, from $12.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $14.8 million in Q1 2023 and troughed at $8.4 million in Q1 2022.
- A 5-year average of $12.3 million and a median of $12.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 77.22% in 2023, then decreased 11.43% in 2024.
- A 5-year view of Operating Expenses shows it stood at $12.0 million in 2022, then rose by 1.9% to $12.2 million in 2023, then gained by 4.32% to $12.8 million in 2024, then declined by 2.18% to $12.5 million in 2025, then gained by 18.98% to $14.8 million in 2026.
- Business Quant data shows HTFC's Operating Expenses at $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 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 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 |