What is the 13F Pro Quality Score for HRZN?

13F Pro ranks Horizon Technology Finance Corp (HRZN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HRZN's current score at https://13fpro.ai/research/HRZN (free sign-up required for the full ranking).

Where does 13F Pro source HRZN data?

All Horizon Technology Finance Corp fundamentals and ownership data come directly from SEC EDGAR. Horizon Technology Finance Corp files with the SEC under CIK 1487428. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HRZN in?

Horizon Technology Finance Corp (HRZN) is classified in the Other sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/other.

How often is HRZN research updated on 13F Pro?

HRZN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Horizon Technology Finance Corp(HRZN)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

HRZN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Horizon Technology Finance Corp (HRZN). HRZN is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Horizon Technology Finance Corp reports net income of $2.8M, free cash flow of $-42.1M. Top institutional holders of HRZN by reported 13-F value include Green Alpha Advisors,, Eagle Point Credit Management, Legal & General Group Plc, based on the most recent SEC filings. HRZN trades on the Nasdaq exchange and files with the SEC under CIK 1487428. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HRZN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Horizon Technology Finance Corp directly from SEC EDGAR.

Net Income

Q1 2026

$2.8M

Free Cash Flow

Q1 2026

$-42.1M

D/E Ratio

Q1 2026

1.34

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

+84.5% YoY

$-2.7MFY 2025

FY21 $27.8MFY22 $21.2MFY23 $-17.2MFY25 $-2.7M

EPS (Diluted)

+89.3% YoY

$-0.06FY 2025

FY21 —FY22 $0.86FY23 $-0.56FY25 $-0.06

Total Assets

+1.1% YoY

$811.1MFY 2025

FY21 $514.0MFY22 $766.8MFY23 $802.4MFY25 $811.1M

Total Debt

+2.3% YoY

$473.0MFY 2025

FY21 $257.6MFY22 $434.1MFY23 $462.2MFY25 $473.0M

Op. Cash Flow

+1177.4% YoY

$56.6MFY 2025

FY21 $-76.0MFY22 $-246.3MFY23 $-5.3MFY25 $56.6M

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020
Net Income	$-2.7M +84.5%	$-17.2M -181.2%	$21.2M -23.9%	$27.8M +336.5%	$6.4M
EPS (Diluted)	$-0.06 +89.3%	$-0.56 -165.1%	$0.86	—	—
Total Assets	$811.1M +1.1%	$802.4M +4.6%	$766.8M +49.2%	$514.0M	—
Total Debt	$473.0M +2.3%	$462.2M +6.5%	$434.1M +68.5%	$257.6M	—
Operating Cash Flow	$56.6M +1177.4%	$-5.3M +97.9%	$-246.3M -224.1%	$-76.0M -200.6%	$-25.3M

AI Insight: HRZN Financial Trends

Horizon swung to positive net income in recent quarters after early 2025 losses, but operating cash flow remains volatile with $42M outflow in Q1 2026.

• Net income improved from $-21M losses in Q1-Q2 2025 to $31M profit in Q3 2025, though moderated to $3M in Q1 2026.

• Total debt decreased from $468M in Q4 2024 to $424M in Q3 2025 before rising to $447M in Q1 2026.

• Equity strengthened from $284M in Q2 2025 to $334M in Q1 2026, a $50M increase over three quarters.

⚠ Operating cash flow turned negative $42M in Q1 2026 after positive $51M in Q3 2025, showing continued volatility.

⚠ Net income momentum slowed sharply from $31M peak in Q3 2025 to just $3M in Q1 2026.

AI Insight: HRZN Ratio Trends

HRZN's ROE collapsed from 38.9% in Q3 2025 to 3.3% in Q1 2026, signaling deteriorating profitability momentum.

• ROE plummeted from 38.9% in Q3 2025 to 3.3% in Q1 2026 over two quarters.

• ROA declined from 16.2% in Q3 2025 to 1.4% in Q1 2026, following similar downward trajectory.

• D/E ratio remained relatively stable around 1.34-1.53 range throughout 2025-2026 period.

⚠ Sharp profitability decline after Q3 2025 peak suggests potential underlying business deterioration.

⚠ Volatile quarterly returns pattern indicates inconsistent earnings generation capability.

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Available Research

13F Pro tracks comprehensive data for Horizon Technology Finance Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HRZN

Green Alpha Advisors, LLC
$2.5M590,141 sh
Eagle Point Credit Management LLC
$1.5M366,194 sh
Legal & General Group Plc
$1.4M328,655 sh
Connecticut Wealth Management, LLC
$900.1K213,811 sh
BlackRock, Inc.
$755.6K179,487 sh
MARSHALL WACE, LLP
$723.2K171,778 sh
TWO SIGMA INVESTMENTS, LP
$632.3K150,179 sh
UBS Group AG
$606.8K144,136 sh
Virtus Investment Advisers, LLC
$606.1K143,968 sh
MILLENNIUM MANAGEMENT LLC
$319.8K75,968 sh

Fund	Value	Shares
Green Alpha Advisors, LLC	$2.5M	590,141
Eagle Point Credit Management LLC	$1.5M	366,194
Legal & General Group Plc	$1.4M	328,655
Connecticut Wealth Management, LLC	$900.1K	213,811
BlackRock, Inc.	$755.6K	179,487
MARSHALL WACE, LLP	$723.2K	171,778
TWO SIGMA INVESTMENTS, LP	$632.3K	150,179
UBS Group AG	$606.8K	144,136
Virtus Investment Advisers, LLC	$606.1K	143,968
MILLENNIUM MANAGEMENT LLC	$319.8K	75,968

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Is HRZN a good stock to buy?

13F Pro's AI-powered analysis of Horizon Technology Finance Corp (HRZN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HRZN are available on the HRZN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HRZN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HRZN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Horizon Technology Finance Corp's investment landscape.