Quarterly ResultAug 4, 2026, 04:59 PM
Horizon Q2 NII $0.11/share; NAV $6.23; Buyback to $20M
AI Summary
Horizon Technology Finance reported Q2 2026 financial results with Net Investment Income (NII) of $0.11 per basic share, which included $0.07 per share in non-recurring merger expenses. The company's Net Asset Value (NAV) per share decreased to $6.23, primarily due to significant unrealized losses on a single portfolio company. Despite this, Horizon grew its debt investment portfolio for the third consecutive quarter, ended the quarter with a committed backlog of $228 million, and increased its stock repurchase program to $20 million.
Key Highlights
- Q2 2026 Net Investment Income per share $0.11 (including $0.07 merger expenses)
- Q2 2026 Net Asset Value per share $6.23, down from $6.98 at Dec 31, 2025
- Debt portfolio yield 14.9% for Q2 2026
- Committed backlog of $228 million at quarter end
- Stock repurchase program increased to allow purchases up to $20 million
- Total investment portfolio $676.7 million as of June 30, 2026
- Funded nine loans totaling $72.7 million in Q2 2026
- Declared regular monthly distributions of $0.06/share and special distributions of $0.03/share for Q4 2026
Price Impact
More from HRZN