Horizon Technology Finance Corp

HTFCNYSEFinancial Services● Active

$24.92

+$0.00(+0.00%)

Market Cap$1.2B

P/E Ratio—

52W High$25.24

52W Low$24.27

Avg Volume4K

Open$25.02

Beta0.18

Free Cash Flow Financials Revenue

Horizon Technology Finance Corp (HTFC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HTFC · free cash flow · updated Jun 8, 2026

Core FCF metrics

HTFC · FCF · TTM · margin & CAGR

Free cash flow was $56.6M for FY2025 (fiscal year ending 2025-12-31), up 42.9% year-over-year The FCF margin was 141.5%.

FY2025 Free Cash Flow$56.6M▲ +42.9% YoY

Trailing 12M (TTM)$119.1Mtrailing 4 quarters sum

FCF Margin141.5%$56.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HTFC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$56.6M(0M)$56.6M▲ +42.9%141.5%

FY2024$39.6M(0M)$39.6M▼ 20.8%116.8%

FY2023$50.1M(0M)$50.1M▲ +120.3%262.2%

FY2022−$246.3M(0M)−$246.3M▼ 224.1%-537.2%

FY2021−$76.0M(0M)−$76.0M▼ 200.6%-167.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HTFC · P/FCF · FCF yield · FCF per share

Horizon Technology Finance Corp (HTFC) trades at a FCF yield of 58.99% and a price-to-free-cash-flow ratio of 8.9x. FCF per share stands at $2.81, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

58.99%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.81

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HTFC · cash flow statement · operating / investing / financing

For FY2025, Horizon Technology Finance Corp generated $56.6M in operating cash flow and spent 0M in capital expenditures, yielding $56.6M in free cash flow.

Operating Activities

+$56.6M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$14.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($56.6M) − |CapEx| (0M) = FCF ($56.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HTFC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Horizon Technology Finance CorpYOU

HTFC

$56.6M+42.9%141.5%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Horizon Technology Finance Corp (HTFC) reported free cash flow of $56.6M for FY2025 (fiscal year ending 2025-12-31), up 42.9% year-over-year. The FCF margin was 141.5%.

Based on available data, Horizon Technology Finance Corp has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $56.6M in FY2025.

Horizon Technology Finance Corp's FCF yield is 58.99% and price-to-FCF ratio is 8.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HTFC free cash flow · 8 questions

Horizon Technology Finance Corp free cash flow was $56.6M for FY2025, up 42.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $119.1M.

HTFC free cash flowHTFC FCFHTFC FCF 2025HTFC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Horizon Technology Finance Corp · Horizon Technology Finance Corp SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026