Horizon Technology Finance Corporation
HRZN Financial Asset Management
Horizon Technology Finance Corporation’s revenue for fiscal 2025 (year ended December 2025) was $96.0 million, down 3.90% from fiscal 2024. In the quarter to June 2026, revenue grew 2.14%, EPS fell 14.0% and free cash flow grew 149.1%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
Follow HRZN
Horizon Technology Finance Corporation (HRZN) P/E ratio
As of 16 October 2026, Horizon Technology Finance Corporation (HRZN) trades at a P/E ratio of 10.7×. Over the past ten years it has ranged from 0.0× (March 2026) to 40.6× (February 2021); the current reading is higher than 60% of that period. That is below the Asset Management industry median of 14.0× and below the Financial sector median of 12.4×.
P/E ratio, daily
Embed this chart
Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 13.8× | 20.29% |
| FY2021 | 11.5× | (67.99%) |
| FY2020 | 35.8× | 295.75% |
| FY2019 | 9.0× | (9.18%) |
| FY2018 | 10.0× | (26.83%) |
| FY2017 | 13.6× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 11.8× | 32.01% |
| Mar 2026 | 9.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| SAR Saratoga Investment Corp compare | n/m |
| PSBD Palmer Square Capital BDC Inc. compare | n/m |
| ALTI AlTi Global, Inc. compare | n/m |
| TCPC BLACKROCK TCP CAPITAL CORP. compare | n/m |
| CCAP Crescent Capital BDC, Inc. compare | n/m |
| GLAD Gladstone Capital Corporation compare | 8.8× |
| HRZN Horizon Technology Finance Corporation | 10.7× |
| RWAY Runway Growth Finance Corp. compare | 57.5× |
| CION CION Investment Corporation compare | 110× |
| Asset Management industry median | 14.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)