Here are the 10-Q quarterly reports from WhiteHorse Finance, Inc. 7.875% Notes due 2028 (WHFCL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WHFCL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WHFCL filings page.
WhiteHorse Finance, Inc. filed its quarterly report for the period ended June 30, 2026. The company reports total investments at fair value of $569.2 million (in debt and equity positions across numerous portfolio companies) against an amortized cost of $594.3 million. Total assets are $604.1 million, including cash and cash equivalents of $8.5 million, restricted cash of $19.5 million, and restricted foreign currency of $0.1 million. On the liability side, debt totals $324.4 million (net of unamortized issuance costs), with additional items such as distributions payable of $5.4 million, management and incentive fees payable, and advances on unfunded credit facilities. The company also records a small unrealized appreciation on foreign currency forward contracts. As of August 10, 2026, 21,476,471 shares of common stock were outstanding.
WhiteHorse Finance, Inc. reported a small net loss for the quarter ended March 31, 2026 as credit losses and valuation moves offset steady interest income. Net assets were $250.3 million with net asset value of $11.47 per share, down from $11.68 at year-end.
Total investments at fair value were $543.0 million versus $578.6 million on December 31, 2025, while debt remained broadly stable at $324.1 million. Investment income was $15.9 million, down from $18.8 million a year earlier, reflecting lower interest and fee income.
After total expenses of $10.1 million, net investment income after excise tax was $5.6 million, compared with $6.8 million in the prior-year quarter. Net realized and unrealized losses on investments and foreign currency of $6.3 million drove the overall net decrease in net assets from operations of $0.7 million, or $(0.03) per share. The company declared dividends of $0.26 per share and repurchased common stock for $3.0 million. Cash, cash equivalents and restricted cash increased to $49.4 million, supported by $28.2 million of net cash provided by operating activities.