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
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