KPIs & Operating Metrics(New)

WhiteHorse Finance (WHF) Interest Expense - Debt (2021 - 2025)

WhiteHorse Finance (WHF) reported Interest Expense - Debt of -$9.6 million for Q4 2025, down 396.29% year-over-year from $3.2 million in Q4 2024, and down 383.08% on a QoQ basis from $3.4 million in Q3 2025.

WhiteHorse Finance (WHF) has 5 years of Interest Expense - Debt data on file, last reported at -$9.6 million in Q4 2025.

  • Quarterly Interest Expense - Debt fell 396.29% year-over-year to -$9.6 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was -$3.0 million (down 121.99% YoY) and the FY2024 annual result came in at $14.4 million, down 0.86% from the prior year.
  • Interest Expense - Debt retreated to -$9.6 million in Q4 2025 per WHF's latest filing, from $3.4 million in the prior quarter.
  • Across five years, Interest Expense - Debt topped out at $4.0 million in Q4 2023 and bottomed at -$9.6 million in Q4 2025.
  • The 5-year median for Interest Expense - Debt is $3.1 million (2025), against an average of $2.1 million.
  • The widest annual swing landed in 2023, when Interest Expense - Debt jumped 141.42%; it then tumbled 396.29% in 2025.
  • Tracing WHF's Interest Expense - Debt over 5 years: stood at $1.1 million in 2021, then surged by 138.86% to $2.6 million in 2022, then soared by 54.84% to $4.0 million in 2023, then declined by 18.08% to $3.2 million in 2024, then plunged by 396.29% to -$9.6 million in 2025.
  • Per Business Quant, the three latest WHF Interest Expense - Debt figures stand at -$9.6 million (Q4 2025), $3.4 million (Q3 2025), and $3.2 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense - Debt (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -
2 Blackstone 92.68 Bn 91.63 Bn - -
3 Kkr 84.94 Bn 132.45 Bn - -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -
6 State Street 44.42 Bn 18.75 Bn - 39.00 Mn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - -
10 WhiteHorse Finance 154.52 Mn 142.73 Mn - -

Historic Data

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DateValue
Dec 31, 2025 -9.59 Mn
Sep 30, 2025 3.39 Mn
Jun 30, 2025 3.19 Mn
Mar 31, 2025 3.01 Mn
Dec 31, 2024 3.24 Mn
Sep 30, 2024 3.75 Mn
Jun 30, 2024 3.69 Mn
Mar 31, 2024 3.76 Mn
Dec 31, 2023 3.95 Mn
Sep 30, 2023 3.94 Mn
Jun 30, 2023 3.67 Mn
Mar 31, 2023 3.00 Mn
Dec 31, 2022 2.55 Mn
Sep 30, 2022 2.03 Mn
Jun 30, 2022 1.65 Mn
Mar 31, 2022 1.24 Mn
Dec 31, 2021 1.07 Mn
Sep 30, 2021 1.08 Mn