WhiteHorse Finance, Inc. (WHF)

NASDAQ: WHF · Real-Time Price · USD

7.05

+0.01 (0.21%)

Aug 25, 2026, 1:32 PM EDT - Market open

WhiteHorse Finance Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	65.26	72.67	92.82	103.26	87.53	72.14
Revenue Growth	-19.92%	-21.70%	-10.11%	17.97%	21.32%	16.93%
Gross Profit	65.26	72.67	92.82	103.26	87.53	72.14
Operating Income	44.15	49.91	66.26	73.59	60.22	46.39
Net Income	17.55	14.34	10.85	20.41	15.68	30.09
Earnings Per Share	0.78	0.62	0.47	0.88	0.68	1.42
EPS Growth	409.83%	32.52%	-46.84%	30.08%	-52.55%	-7.73%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	8.47	7.03	12.42	10.75	9.51	12.19
Total Debt	324.45	323.83	353.12	386.45	440.43	475.96
Net Cash (Debt)	-315.98	-316.8	-340.69	-375.7	-430.92	-463.77
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.05	-13.67	-14.66	-16.16	-18.55	-21.93

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	77.85	77.27	78.76	90.37	71.99	-90.19
Free Cash Flow	77.85	77.27	78.76	90.37	71.99	-90.19
Free Cash Flow Growth	54.65%	-1.89%	-12.85%	25.52%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	67.65%	68.68%	71.39%	71.27%	68.80%	64.30%
Pretax Margin	27.71%	20.64%	12.90%	20.70%	19.09%	43.11%
Profit Margin	26.88%	19.73%	11.69%	19.77%	17.92%	41.71%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	1.045	1.405	1.540	1.480	1.420	1.420
Dividend Per Share Growth	-35.87%	-8.77%	4.05%	4.23%	0%	0%
Dividend Yield	14.77%	21.69%	20.12%	17.69%	18.04%	16.91%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	9.01	11.27	20.74	14.01	19.34	11.92
Forward PE	7.14	6.57	6.46	6.69	7.74	10.61
PS Ratio	2.33	2.22	2.42	2.77	3.47	4.97