Horizon Technology Finance Corporation (HTFB) Stock Analysis
DELISTED 2026
What happened to Horizon Technology Finance Corporation (HTFB) stock?
Horizon Technology Finance Corporation (HTFB) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Horizon Technology Finance Corporation (HTFB) trades at $25.72. Horizon Technology Finance Corporation is a specialty finance company that provides capital to venture capital-backed companies in the technology, life science, healthcare information and services, and… Market cap: $1.19B, Sector: Financial services.
Last analyzed: May 9, 2026Analyst Coverage for HTFB: HTFB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates HTFB against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
HTFB: the 2 scored disciplines are evenly split. Dominant signal: Seth Klarman bullish.
How is this calculated? →Horizon Technology Finance Corporation (HTFB) Financial Services Profile
Horizon Technology Finance Corporation is a business development company (BDC) specializing in secured debt and venture lending to venture capital-backed companies across technology, life sciences, and cleantech sectors. With a focus on the US market, HTFB provides crucial capital to development-stage businesses, offering investors exposure to high-growth potential companies.
What Is the Investment Thesis for HTFB?
Horizon Technology Finance Corporation presents a compelling investment case due to its specialization in venture lending to high-growth technology and life science companies. The company's high dividend yield of 26.87% offers substantial income potential. A key value driver is the continued demand for venture debt financing among development-stage companies, particularly in the technology and life sciences sectors. Growth catalysts include expanding its portfolio of secured debt investments and leveraging its expertise in venture lending. However, potential risks include interest rate sensitivity and the credit risk associated with lending to early-stage companies. The company's P/E ratio of 9.1 suggests it may be undervalued relative to its earnings.
Based on FMP financials and quantitative analysis
HTFB Key Highlights
Market capitalization of $1.19B, reflecting substantial investor interest in the company's business model.
- P/E ratio of 9.1, potentially indicating an undervalued stock relative to its earnings.
- Profit margin of 37.5%, demonstrating strong profitability in its lending operations.
- Gross margin of 60.3%, highlighting efficient management of its investment portfolio.
- Dividend yield of 26.87%, offering a high income stream for investors.
Who Are HTFB's Competitors?
HTFB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ASA ASA Gold and Precious Metals Limited | $62.25 | +7.86% | $1.17B | 70 |
| AOD Abrdn Total Dynamic Dividend Fund | $10.68 | +0.56% | $1.13B | 68 |
| GSBD Goldman Sachs BDC, Inc. | $9.88 | +0.82% | $1.11B | 91 |
| FSCO FS Credit Opportunities Corp. | $5.14 | -0.58% | $1.04B | 93 |
| HQH Abrdn Healthcare Investors | $24.66 | +2.84% | $1.41B | 71 |
| MUC BlackRock MuniHoldings California Quality Fund, Inc. | $10.60 | -0.75% | $998M | 67 |
| CET Central Securities Corp. | $54.21 | -0.90% | $1.60B | 70 |
| TSLX Sixth Street Specialty Lending, Inc. | $18.77 | +0.37% | $1.78B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HTFB's Key Strengths?
High dividend yield.
- Specialized expertise in venture lending.
- Strong relationships with venture capital firms.
- Focus on secured debt investments.
What Are HTFB's Weaknesses?
Exposure to credit risk from lending to early-stage companies.
- Sensitivity to interest rate fluctuations.
- Concentration in technology and life science sectors.
- Reliance on venture capital funding for portfolio companies.
What Could Drive HTFB Stock Higher?
Continued demand for venture debt financing in the technology and life science sectors.
- Strategic partnerships with venture capital firms enhancing deal flow.
- Potential interest rate cuts by the Federal Reserve, reducing borrowing costs.
- Expansion of investment portfolio driving revenue growth.
What Are the Key Risks for HTFB?
Economic downturn impacting portfolio companies' ability to repay debt.
- Interest rate fluctuations affecting net interest margin.
- Increased competition from other BDCs and venture debt funds.
- Credit risk associated with lending to early-stage companies.
What Are the Growth Opportunities for HTFB?
- Expanding Investment Portfolio: Horizon Technology Finance Corporation has the opportunity to grow its investment portfolio by targeting additional venture capital-backed companies in the technology, life science, and cleantech industries. The market for venture debt is expanding as more companies seek non-dilutive financing options. By increasing its deal flow and deploying capital effectively, Horizon can drive revenue growth and enhance shareholder value. This expansion can be achieved through strategic partnerships with venture capital firms and active participation in industry events. The timeline for this growth is ongoing, with continuous efforts to identify and capitalize on new investment opportunities.
- Leveraging Sector Expertise: Horizon Technology Finance Corporation can leverage its deep sector expertise in technology, life science, and cleantech to identify and evaluate promising investment opportunities. By focusing on companies with strong management teams, innovative technologies, and the potential for significant growth, Horizon can enhance its portfolio's performance and generate attractive returns. This expertise also allows Horizon to provide valuable insights and support to its portfolio companies, fostering their success. The timeline for this growth is ongoing, with continuous efforts to refine its investment process and leverage its sector knowledge.
- Strategic Partnerships with Venture Capital Firms: Horizon Technology Finance Corporation can strengthen its deal flow and access to high-quality investment opportunities by forming strategic partnerships with leading venture capital firms. These partnerships can provide Horizon with early access to promising companies and valuable insights into emerging trends. By collaborating with venture capital firms, Horizon can enhance its investment selection process and improve its portfolio's performance. The timeline for establishing and leveraging these partnerships is ongoing, with continuous efforts to build and maintain strong relationships with key players in the venture capital ecosystem.
- Capitalizing on the Demand for Venture Debt: The demand for venture debt is increasing as more companies seek non-dilutive financing options to fund their growth. Horizon Technology Finance Corporation is well-positioned to capitalize on this trend by providing tailored financing solutions to venture capital-backed companies. By offering flexible terms and competitive rates, Horizon can attract a growing share of the venture debt market and drive revenue growth. The timeline for capitalizing on this demand is ongoing, with continuous efforts to refine its product offerings and expand its market reach.
- Expanding Geographic Reach: While Horizon Technology Finance Corporation currently focuses on investments in the United States, it has the opportunity to expand its geographic reach by targeting companies in other developed markets with strong venture capital ecosystems. By diversifying its geographic exposure, Horizon can reduce its reliance on the US market and access new sources of growth. This expansion can be achieved through strategic partnerships with international venture capital firms and active participation in global industry events. The timeline for this expansion is medium-term, with initial efforts focused on identifying attractive markets and building relationships with local partners.
What Are HTFB's Competitive Advantages?
- Specialized expertise in venture lending to technology and life science companies.
- Established relationships with venture capital firms.
- Focus on secured debt investments, providing downside protection.
- High dividend yield, attracting income-seeking investors.
What Does HTFB Do?
Horizon Technology Finance Corporation, established to address the funding gap for venture capital-backed companies in technology, life science, healthcare information and services, and cleantech industries, operates as a business development company (BDC). It provides secured debt and venture lending investments to these companies, primarily focusing on those in their development stages. Horizon's investment strategy centers on generating current income and capital appreciation through secured debt and warrant positions. The company's portfolio includes investments in companies across the United States, reflecting its commitment to supporting innovation and growth within the domestic technology and life sciences sectors. Horizon's approach involves careful selection of investment opportunities, focusing on companies with strong management teams, promising technologies, and the potential for significant growth. By providing tailored financing solutions, Horizon aims to foster the success of its portfolio companies while delivering attractive returns to its shareholders. The company's expertise in venture lending and its deep understanding of the technology and life sciences landscape position it as a valuable partner for emerging growth companies seeking capital to fuel their expansion.
What Products and Services Does HTFB Offer?
- Provides secured debt financing to venture capital-backed companies.
- Offers venture lending investments to development-stage companies.
- Focuses on technology, life science, healthcare information and services, and cleantech industries.
- Invests primarily in companies located in the United States.
- Generates current income from debt investments.
- Seeks capital appreciation from warrant investments.
How Does HTFB Make Money?
- Provides secured debt and venture lending to venture capital-backed companies.
- Generates revenue through interest income on loans and capital appreciation from warrants.
- Manages a portfolio of investments in technology, life science, and cleantech companies.
What Industry Does HTFB Operate In?
Horizon Technology Finance Corporation operates within the asset management industry, specifically focusing on venture debt financing. The industry is characterized by increasing demand for specialized lending solutions for technology and life science companies. The competitive landscape includes other BDCs and venture debt funds. Horizon differentiates itself through its deep sector expertise and focus on secured debt investments. The market size for venture debt is substantial, driven by the growth of venture capital-backed companies seeking non-dilutive financing options. Industry growth rates are expected to remain strong, supported by continued innovation and investment in technology and life sciences.
Who Are HTFB's Key Customers?
- Venture capital-backed companies in the technology sector.
- Venture capital-backed companies in the life science sector.
- Venture capital-backed companies in the healthcare information and services sector.
- Venture capital-backed companies in the cleantech sector.
Forward Outlook
Wall Street analysts project Horizon Technology Finance Corporation revenue of about $93.2M for fiscal 2026, with EPS near $1.05.
Financial Health
Horizon Technology Finance Corporation's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile.
Key Financial Metrics
Return on equity for Horizon Technology Finance Corporation stands at 13.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.5%, showing how much profit it generates from its asset base. HTFB trades at a trailing price-to-earnings ratio of 9.09, below the Financial Services sector average of ~18x. Its free cash flow yield is 2.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 3.6%, the inverse of the P/E and a quick read on earnings relative to price.
Horizon Technology Finance Corporation (HTFB) Valuation Context
Valued at $1.19B, HTFB is classified as a small-cap stock.
Company Profile
Horizon Technology Finance Corporation operates in the Asset Management industry within the Financial Services sector. It is headquartered in Farmington, US. The company is led by CEO Robert D. Pomeroy Jr.. HTFB has traded publicly since 2021.
HTFB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Insiders are showing confidence lately; their recent activity suggests they believe in the company's long-term prospects.
- The community vibe is generally positive; more people seem to be talking about potential upside than downside risks.
- The market seems to be viewing Horizon Technology Finance as a stable player, which could attract more investors looking for steady returns.
- Recent developments suggest the company is making strategic moves to strengthen its position in the market.
Bear Case
- There's been some chatter about increased competition potentially squeezing margins, which could impact future profitability.
- Some community members are worried about the overall economic climate and its potential impact on Horizon Technology Finance's portfolio companies.
- Market perception might be overly optimistic, possibly overlooking some underlying vulnerabilities. Think dot-com bubble era exuberance.
- Recent insider activity, while mostly positive, has some sales mixed in, raising questions about their short-term outlook.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HTFB Latest News
No recent news available for HTFB.
Leadership: Robert D. Pomeroy Jr.
CEO
Robert D. Pomeroy Jr. serves as the Chief Executive Officer of Horizon Technology Finance Corporation. His career spans several decades in the financial services industry, with a focus on technology and venture lending. Before joining Horizon, he held various leadership positions at other financial institutions, where he specialized in structuring and managing debt investments. Pomeroy's expertise includes credit analysis, portfolio management, and business development. He brings a wealth of experience in navigating the complexities of the venture capital ecosystem and providing financing solutions to emerging growth companies.
Track Record: Under Robert Pomeroy's leadership, Horizon Technology Finance Corporation has expanded its investment portfolio and solidified its position as a leading provider of venture debt financing. He has overseen strategic initiatives to enhance the company's deal flow, strengthen its relationships with venture capital firms, and improve its portfolio's performance. Pomeroy has also guided the company through periods of economic uncertainty, maintaining a disciplined approach to risk management and capital allocation.
Common Questions About HTFB (Financial Services)
What happened to Horizon Technology Finance Corporation (HTFB) stock?
Horizon Technology Finance Corporation (HTFB) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
Can I still buy HTFB shares?
No. HTFB stopped trading on public markets in January 2026, so the shares are not available through a broker. Anything you see quoted for HTFB elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before HTFB stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Horizon Technology Finance Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Horizon Technology Finance Corporation do?
Horizon Technology Finance Corporation is a business development company (BDC) that provides secured debt and venture lending to venture capital-backed companies in the technology, life science, healthcare information and services, and cleantech industries. The company's primary objective is to generate current income and capital appreciation through its investments.
What do analysts say about HTFB stock?
Analyst consensus on Horizon Technology Finance Corporation (HTFB) is mixed, with some highlighting its high dividend yield and others expressing concerns about its exposure to credit risk. Key valuation metrics, such as its P/E ratio of 9.1, suggest that the stock may be undervalued relative to its earnings.
What are the main risks for HTFB?
The main risks for Horizon Technology Finance Corporation include credit risk associated with lending to early-stage companies, sensitivity to interest rate fluctuations, and potential economic downturns impacting portfolio companies' ability to repay debt. As a BDC, Horizon is subject to regulatory oversight and must comply with certain investment restrictions.
How sensitive is HTFB to interest rate changes?
Horizon Technology Finance Corporation's net interest margin is sensitive to changes in interest rates. As a lender, HTFB's profitability is affected by the difference between the interest it earns on its loans and the interest it pays on its borrowings. Rising interest rates can increase HTFB's borrowing costs, potentially squeezing its net interest margin.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available financial data and company descriptions.
- Future performance is subject to market conditions and company-specific factors.