Horizon Technology Finance Corporation (HRZN)

HRZN Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-47.37	-5.63	-17.19	21.15	27.78	6.36
Depreciation & Amortization	2.3	1.78	1.85	1.6	1.09	1.02
Other Adjustments	77.21	49.8	70.03	15.04	0.44	13.24
Changes in Accrued Interest and Accounts Receivable	0.25	-0.92	1.77	-3.42	-0.17	0.89
Changes in Accrued Expenses	0.01	-0.54	-0.01	0.49	1.69	-0.16
Changes in Other Operating Activities	-63	-40.55	-61.72	-281.15	-106.82	-46.63
Operating Cash Flow	-17.98	3.94	-5.26	-246.28	-75.99	-25.28
Short-Term Debt Issued	-	75	104.25	199	127	80.25
Short-Term Debt Repaid	-	-70	-35	-149.5	-45	-47
Net Short-Term Debt Issued (Repaid)	-	5	69.25	49.5	82	33.25
Long-Term Debt Issued	-	20	-	157.5	57.5	-
Long-Term Debt Repaid	-65.83	-18.92	-42.57	-27.93	-66.88	-
Net Long-Term Debt Issued (Repaid)	-65.83	1.08	-42.57	129.57	-9.38	-
Issuance of Common Stock	40.8	66.35	65.09	84.6	30.09	44.61
Net Common Stock Issued (Repurchased)	40.8	66.35	65.09	84.6	30.09	44.61
Common Dividends Paid	-49.05	-46.37	-40.52	-29.85	-24.55	-21.32
Other Financing Activities	-3.67	-4.85	-0.74	-4.36	-2.65	-0.89
Financing Cash Flow	-17.75	21.21	50.51	229.46	75.52	55.66
Net Cash Flow	-35.72	25.15	45.26	-16.82	-0.48	30.37
Beginning Cash & Cash Equivalents	116.87	75.72	30.47	47.28	47.76	17.39
Ending Cash & Cash Equivalents	81.15	100.87	75.72	30.47	47.28	47.76
Free Cash Flow	-17.98	3.94	-5.26	-246.28	-75.99	-25.28
FCF Margin	64.92%	27.64%	-89.52%	-547.85%	-159.84%	-115.04%
Free Cash Flow Per Share	-0.46	0.11	-0.17	-9.96	-3.79	-1.44
Levered Free Cash Flow	-173.65	-39.78	-48.61	-82.24	-3.81	-5.28
Unlevered Free Cash Flow	-60.45	-40.23	-58.1	-282.46	-104.21	-44.89

Updated Jun 30, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q