Horizon Technology Finance (HRZN) Balance Sheet: Assets & Liabilities

Horizon Technology Finance (HRZN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Horizon Technology Finance reported total assets of $811.10M and total liabilities of $492.60M. Shareholders' equity was $318.50M, down 5.3% from $336.18M a year earlier. Total debt stood at $568.20M against $105.52M in cash and short-term investments, a net debt position of $462.68M. That puts debt-to-equity at 1.78, compared with 1.39 a year earlier.

Horizon Technology Finance Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Horizon Technology Finance Corporation (HRZN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	105.52	70.26	46.63	20.61	38.05	19.50	6.47	12.59	6.59
Cash & Short-Term Investments	105.52	70.26	46.63	20.61	38.05	19.50	6.47	12.59	6.59
Accounts Receivable	12.09	16.56	13.93	13.57	6.15	4.95	5.53	3.97	3.99
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	3.34	2.64	2.79	1.36	1.06	1.13	0.00	0.00
Total Current Assets	120.07	90.16	63.20	36.97	45.57	25.51	13.13	16.56	10.58
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	647.24	725.16	735.54	727.09	465.94	379.74	329.34	248.44	222.10
Other Non-Current Assets	46.26	6.52	3.62	2.76	2.45	1.91	1.54	1.75	1.47
Total Non-Current Assets	693.50	731.67	739.16	729.85	468.39	381.65	330.87	250.19	223.57
Total Assets	811.10	821.83	802.36	766.83	513.96	407.16	344.00	266.75	234.15
Current Liabilities
Accounts Payable	15.05	0.00	11.01	9.16	6.37	0.00	0.00	3.46	3.46
Short-Term Debt	95.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	94.08
Accrued Liabilities	19.58	17.75	16.14	14.30	11.01	2.96	-	-	-
Other Current Liabilities	-15.05	17.75	11.01	9.16	11.01	8.74	7.90	2.18	1.54
Total Current Liabilities	95.17	17.75	16.14	14.30	11.01	8.74	7.90	5.64	99.07
Non-Current Liabilities
Long-Term Debt	473.03	467.90	462.24	434.08	257.61	185.82	152.05	126.85	0.00
Other Non-Current Liabilities	19.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	397.43	467.90	462.24	434.08	257.61	185.82	152.05	126.85	0.00
Total Liabilities	492.60	485.65	478.38	448.38	268.63	194.56	159.95	132.49	99.07
Stockholders' Equity
Common Stock	0.05	0.04	0.04	0.03	0.02	0.02	0.02	0.01	0.01
Retained Earnings	-240.90	-182.06	-127.00	-67.50	-56.05	-58.71	-42.62	-45.37	-44.58
Accumulated Other Comprehensive Income	0.00	-	-	-	0.00	-	0.00	0.00	-42.68
Additional Paid-in Capital	559.36	518.20	450.95	385.92	301.36	271.29	226.66	179.62	222.32
Shares Outstanding	45.61	39.88	33.37	27.75	21.22	-	-	-	-
Total Stockholders' Equity	318.50	336.18	323.98	318.45	245.34	212.60	184.06	134.26	135.08
Total Liabilities & Equity	811.10	821.83	802.36	766.83	513.96	407.16	344.00	266.75	234.15

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Horizon Technology Finance Balance Sheet

How much debt does Horizon Technology Finance have?

Horizon Technology Finance had total debt of $568.20M as of Dec 31, 2025, against $105.52M in cash and short-term investments. Its debt-to-equity ratio was 1.78. Total debt was $467.90M a year earlier.

What are Horizon Technology Finance's total assets?

Horizon Technology Finance reported total assets of $811.10M as of Dec 31, 2025, down 1.3% from $821.83M a year earlier. Total liabilities were $492.60M.

What is Horizon Technology Finance's shareholders' equity?

Horizon Technology Finance's shareholders' equity was $318.50M as of Dec 31, 2025, or about $6.98 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition