Horizon Techn (HRZN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HRZN SEC filings page.
This page shows Horizon Techn (HRZN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Horizon’s dominant mechanic is cash-flow timing: earnings stay negative while operating cash flow swings against a more leveraged balance sheet.
By FY2025, operating cash flow reached$56.6M even as net income remained a$2.7M loss; after negative cash flow in FY2023 and near-zero cash flow in FY2024, this divergence indicates reported cash generation is not tracking current-period earnings. Financing cash flow turned negative in FY2025 after being positive in FY2024, so the operating-cash improvement was not simply fresh financing.
The capital structure is becoming more debt-dependent: debt-to-equity rose from 1.4x in FY2024 to 1.5x in FY2025 while assets stayed broadly stable. At the same time, total equity fell from
The 2025 dividend was
Financial Health Signals
Horizon Techn does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Horizon Techn passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Horizon Techn reported a net loss of $2.7M while generating $56.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Horizon Techn reported -$37.3M in net income in Q2 2026. This represents a decrease of 79.3% from the same quarter a year earlier. Against the prior quarter it is down 1441.3%.
Horizon Techn earned -$0.57 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 1050.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Horizon Techn held $135.0M in cash against $402.4M in long-term debt as of Q2 2026.
Horizon Techn paid $0.27 per share in dividends in Q2 2026. Against the prior quarter it is up 50.0%.
Not reported for Q2 2026.
Margins & Returns
Horizon Techn's ROE was -8.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
HRZN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $578K-5.7% | $380K-11.0% | N/A | $437K+1.2% | $613K+9.7% | $427K-0.5% | N/A | $432K+10.2% |
| Interest Expense | $7.8M-4.9% | $8.2M-5.8% | N/A | $7.9M-0.6% | $8.2M+3.3% | $8.7M+6.4% | N/A | $7.9M+11.8% |
| Net Income | -$37.3M-79.3% | $2.8M+113.0% | N/A | $30.7M+322.1% | -$20.8M-127.5% | -$21.4M-347.7% | N/A | $7.3M+160.8% |
| EPS (Basic) | -$0.57-14.0% | $0.06+111.3% | $0.22+118.0% | $0.71+255.0% | -$0.50-92.3% | -$0.53-303.8% | -$1.22-377.3% | $0.20-62.3% |
| EPS (Diluted) | -$0.57 | $0.06+111.3% | $0.22+162.9% | $0.68+240.0% | -$0.50-92.3% | -$0.53-303.8% | -$0.35 | $0.20 |
| Diluted Shares (Avg) | 65M | 47M+17.6% | N/A | 46M+25.3% | 41M+16.3% | 40M+19.8% | N/A | 37M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
HRZN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $832.0M+14.5% | $791.6M+0.3% | $811.1M-1.3% | $759.2M-4.3% | $726.8M-7.7% | $789.6M-1.6% | $821.8M+2.4% | $793.1M-0.5% |
| Cash & Equivalents | $135.0M+66.4% | $73.3M-5.4% | $142.7M+41.5% | $130.9M+51.1% | $81.2M-30.6% | $77.5M+8.6% | $100.9M+33.2% | $86.6M+72.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $414.5M-6.4% | $457.8M-5.4% | $492.6M+1.4% | $443.5M-1.6% | $443.0M-3.4% | $484.1M+3.0% | $485.6M+1.5% | $450.5M0.0% |
| Long-Term Debt | $402.4M-5.3% | $447.2M-4.3% | $473.0M+1.1% | $424.0M-2.3% | $425.1M-4.0% | $467.3M+3.3% | $467.9M+1.2% | $434.0M-0.4% |
| Total Equity | $417.5M+47.1% | $333.9M+9.3% | $318.5M-5.3% | $315.7M-7.8% | $283.8M-13.7% | $305.5M-8.0% | $336.2M+3.8% | $342.5M-1.2% |
| Retained Earnings | -$292.8M-16.4% | -$241.4M-11.3% | -$240.9M-32.3% | -$235.7M-49.3% | -$251.7M-64.9% | -$216.9M-65.0% | -$182.1M-43.4% | -$157.9M-50.1% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
HRZN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $123.5M+149.0% | -$42.1M-219.5% | -$30.4M-16.4% | $50.6M+279.2% | $49.6M-8.6% | -$13.2M-426.3% | -$26.1M-332.9% | -$28.3M-19.1% |
| Financing Cash Flow | -$61.8M-34.6% | -$27.3M-167.2% | $42.2M+4.6% | -$882K+55.2% | -$45.9M-424.9% | -$10.2M-21.2% | $40.4M+180.5% | -$2.0M-109.5% |
| Dividends Paid | $10.6M-18.1% | $14.7M+15.3% | $14.0M+16.2% | $13.5M+18.4% | $12.9M+2.7% | $12.7M+22.5% | $12.1M+0.7% | $11.4M+10.1% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
HRZN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -8.9%-1.6pp | 0.8%+7.8pp | N/A | 9.7%+7.6pp | -7.3%-4.5pp | -7.0%-9.6pp | N/A | 2.1%+5.6pp |
| Return on Assets | -4.5%-1.6pp | 0.4%+3.1pp | N/A | 4.0%+3.1pp | -2.9%-1.7pp | -2.7%-3.8pp | N/A | 0.9%+2.4pp |
| Debt-to-Equity | 0.96-0.5x | 1.34-0.2x | 1.49+0.1x | 1.34+0.1x | 1.50+0.2x | 1.53+0.2x | 1.390.0x | 1.270.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where Horizon Techn Ranks
Frequently Asked Questions
Is Horizon Techn profitable?
No, Horizon Techn (HRZN) reported a net income of -$2.7M in fiscal year 2025.
How much debt does Horizon Techn have?
As of fiscal year 2025, Horizon Techn (HRZN) had $142.7M in cash and equivalents against $473.0M in long-term debt.
Does Horizon Techn pay dividends?
Yes, Horizon Techn (HRZN) paid $1.32 per share in dividends during fiscal year 2025.
What is Horizon Techn's return on equity (ROE)?
Horizon Techn (HRZN) has a return on equity of -0.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Horizon Techn's operating cash flow?
Horizon Techn (HRZN) generated $56.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Horizon Techn's total assets?
Horizon Techn (HRZN) had $811.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Horizon Techn's debt-to-equity ratio?
Horizon Techn (HRZN) had a debt-to-equity ratio of 1.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Horizon Techn's return on assets (ROA)?
Horizon Techn (HRZN) had a return on assets of -0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Horizon Techn's P/E ratio?
Horizon Techn (HRZN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $321.8M as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Horizon Techn's price-to-sales ratio?
Horizon Techn (HRZN) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $321.8M as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Horizon Techn's Piotroski F-Score?
Horizon Techn (HRZN) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Horizon Techn's earnings high quality?
Horizon Techn (HRZN) reported a net loss of $2.7M while generating $56.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.