HRZN (Horizon Technology Finance) EBIT: $36.97 Mil (TTM As of Jun. 2026)

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HRZN Horizon Technology Finance Corp HRZN
50 GF Score
Price $4.66
GF Value $3.52
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Horizon Technology Finance EBIT?

Horizon Technology Finance HRZN -0.21% 50 EBIT is $36.97 Mil as of Jun. 2026. GuruFocus rates HRZN with a GF Score™ of 50/100 and a GF Value™ of $3.52 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Horizon Technology Finance's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was $-29.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $36.97 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Technology Finance's annualized ROC % for the quarter that ended in Jun. 2026 was -13.31%. Horizon Technology Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horizon Technology Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 5.78%.

Horizon Technology Finance  (NAS:HRZN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Horizon Technology Finance's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-100.1 * ( 1 - -0% )/( (737.104 + 766.601)/ 2 )
=-100.1/751.8525
=-13.31 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=791.647 - 4.94 - ( 73.262 - max(0, 36.401 - 86.004+73.262))
=737.104

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=832.048 - 5.065 - ( 135.011 - max(0, 87.172 - 147.554+135.011))
=766.601

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Horizon Technology Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-117.864/( ( (0 + max(-10.618, 0)) + (0 + max(-12.105, 0)) )/ 2 )
=-117.864/( ( 0 + 0 )/ 2 )
=-117.864/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (4.94 + 0 + 5.678)
=-10.618

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 0 + ) - (5.065 + 0 + 7.04)
=-12.105

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Horizon Technology Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=36.965/639.487
=5.78 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Horizon Technology Finance EBIT Related Terms

Horizon Technology Finance EBIT Historical Data

* Premium members only.

The historical data trend for Horizon Technology Finance's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Horizon Technology Finance EBIT Chart

Horizon Technology Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.82 40.35 11.79 26.62 30.14

Horizon Technology Finance Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.58 38.62 16.86 10.96 -29.47

HRZN vs PSBD, FUND, AFB: EBIT Comparison

For the Asset Management subindustry, Horizon Technology Finance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Horizon Technology Finance EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Horizon Technology Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Horizon Technology Finance's EV-to-EBIT falls into.


HRZN
50GF Score
Horizon Technology Finance Corp HRZN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Technology Finance EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $36.97 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $36.97 Mil mean?
Horizon Technology Finance (HRZN) has a EBIT of $36.97 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Horizon Technology Finance.
Is Horizon Technology Finance's EBIT too high?
Horizon Technology Finance's current EBIT is $36.97 Mil. Overall, Horizon Technology Finance has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Technology Finance's EBIT compare to PSBD and FUND?
Horizon Technology Finance's EBIT of $36.97 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Horizon Technology Finance. Horizon Technology Finance's current EBIT is $36.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Technology Finance stock overvalued right now?
Based on GuruFocus' analysis, Horizon Technology Finance (HRZN) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.52, compared to a current price of $4.66 — trading 32.4% above its estimated fair value. The current EBIT is $36.97 Mil. Horizon Technology Finance's overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Horizon Technology Finance (HRZN), the current EBIT is $36.97 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Horizon Technology Finance (HRZN) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Technology Finance stock appears to be overvalued. The current stock price of $4.66 is trading 32.4% above its estimated GF Value™ of $3.52. GuruFocus considers Horizon Technology Finance to be Significantly Overvalued.

Key valuation signals for HRZN:

  • EBIT: $36.97 Mil
  • GF Value™: $3.52 vs. price of $4.66 (32.4% above fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the HRZN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Horizon Technology Finance Business Description

Address 312 Farmington Avenue, Farmington, CT, USA, 06032
Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services, and sustainability industries.
50GF Score

Get the complete analysis for HRZN

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.66
Price
$3.52
GF Value