---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-006110"
form_type: "8-K"
ticker: "HRZN"
cik: "0001487428"
company_name: "Horizon Technology Finance Corp"
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T13:48:08.383300+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Horizon Tech Finance Q4 NII $0.27 vs $0.45 YoY; NAV drops to $8.43 from $9.71

## Summary
- Net investment income $0.27/share in Q4 2024, down from $0.45 in Q4 2023; full-year NII $1.32/share covered $1.32 distributions.
- Net asset value $336.2M ($8.43/share) vs $324.0M ($9.71/share) at Dec 2023; net realized loss $34.6M for 2024.
- Debt portfolio yield 14.9% (Q4) vs 16.8% prior year; total investment portfolio $697.9M.
- Declared monthly distributions $0.11/share for Apr-Jun 2025, unchanged at $0.33 total; spillover income $1.06/share.
- Investment adviser waived income incentive fee if NII per share < quarterly distribution, effective Q1-Q4 2025.

## SEC filing metadata
- accession: 0001437749-25-006110
- form_type: 8-K
- ticker: HRZN
- cik: 0001487428
- company_name: Horizon Technology Finance Corp
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774925006110/0001437749-25-006110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774925006110/hrzn20250303_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006110
- JSON: https://secwatch.observer/filing/0001437749-25-006110.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.