| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | 2,778 | 8,830 | 30,722 | -42,213 |
| Amortization of debt issuance costs | 567 | 672 | 642 | 1,331 |
| Net realized loss (gain) on investments | -161 | -23,294 | -22,527 | -9,293 |
| Net realized loss on extinguishment of debt | -1,432 | -782 | -1,261 | -776 |
| Net unrealized depreciation on investments | -4,600 | 24,655 | 40,517 | -54,313 |
| Purchase of investments | 90,004 | 70,014 | 37,747 | 116,058 |
| Principal payments received on investments | 38,048 | 29,850 | 75,366 | 129,238 |
| Pik interest on investments | 1,278 | 1,157 | 664 | 528 |
| Proceeds from sale of investments | 104 | 714 | 4,533 | 784 |
| Equity received in settlement of interest and fee income | NaN | -1,917 | -3,209 | NaN |
| Warrants received in settlement of fee income | 0 | 0 | -61 | -10 |
| Accrued interest converted to common stock | 32 | 12 | 20 | 105 |
| Increase in interest receivable | 977 | -2,490 | 1,988 | -185 |
| Decrease in end-of-term payments | -321 | -1,291 | -449 | -2,046 |
| Decrease in unearned income | 84 | -155 | 1,089 | 1,794 |
| (increase) decrease in other assets | 1,051 | 439 | 468 | 459 |
| Increase (decrease) in other accrued expenses | 1,393 | -388 | 884 | -491 |
| Increase (decrease) in base management fee payable | 66 | 54 | -23 | -101 |
| Increase in incentive fee payable | 1,765 | 0 | NaN | NaN |
| Net cash used in operating activities | -42,127 | -30,426 | 50,638 | 36,417 |
| Proceeds from convertible debt-The2031Convertible Notes | NaN | 0 | NaN | NaN |
| Proceeds from convertible debt-The2030Convertible Notes | NaN | 40,000 | NaN | NaN |
| Proceeds from issuance of 2028 notes | NaN | 57,500 | NaN | NaN |
| Proceeds from issuance of 2030 convertible notes | NaN | NaN | 40,000 | NaN |
| Repayment of note-Assetbacked Notes2019 | 0 | 0 | NaN | NaN |
| Repayment of note-Assetbacked Notes2022 | NaN | 0 | 34,169 | 46,909 |
| Repayment of note-The2026Notes | 57,500 | NaN | NaN | NaN |
| Repayment of credit facilities | NaN | 0 | 0 | 0 |
| Proceeds from issuance of common stock, net of offering costs | 10 | -101 | 10,622 | 3,560 |
| Advances on credit facilities | 45,000 | 0 | 0 | 15,000 |
| Debt issuance costs | 124 | 1,176 | 3,882 | 2,155 |
| Distributions paid | 14,690 | 14,011 | 13,453 | 25,630 |
| Net cash used in financing activities | -27,304 | 42,212 | -882 | -56,134 |
| Net decrease in cash, cash equivalents and restricted cash | -69,431 | 11,786 | 49,756 | -19,717 |
| Beginning of period | 142,693 | -30,039 | 100,868 | NaN |
| End of period | 73,262 | 11,786 | 130,907 | NaN |
Horizon Technology Finance Corp (HRZN)
Horizon Technology Finance Corp (HRZN)