Horizon Technology Finance Corporation (HTFB) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 9.02M | 8.49M | 49.6M | 9.76M | -26.14M | 13.11M | 9.89M | 7.68M | 13.35M | -23.73M | 8.34M | 12.73M | -85.42M | 11.29M | -55.38M | -55.36M | 8.46M | 8.39M | 5.2M | -20.93M |
| Operating CF Margin % | -343.25% | 20.42% | -501.59% | -90.19% | 1090.82% | 77.04% | 1638.08% | 41% | 49.46% | 695.98% | 93.96% | 89.95% | -710.61% | 90.07% | -427.45% | -664.68% | 118.88% | 49.1% | 46.69% | -210.15% |
| Operating CF Growth % | 134.53% | -35.27% | 401.33% | 27.12% | -295.76% | 155.25% | 18.7% | -39.7% | 115.63% | -310.08% | 115.05% | 122.99% | -1109.96% | 34.68% | -1164.1% | -164.52% | 90.67% | 44.04% | -14.81% | -1002.5% |
| Net Income | 11.1M | 30.72M | -20.78M | -21.44M | -12.43M | 7.28M | -9.13M | 8.65M | -10.66M | -11.98M | 152K | 5.31M | 4.02M | 5.99M | 7.62M | 3.52M | 2.27M | 12.77M | 6.73M | 6.02M |
| Depreciation & Amortization | 672K | 0 | 0 | 653K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 478K | 1.6M | 0 | 0 | 336K | 0 | 0 | 0 | 236K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -5.91M | -20M | 69.67M | 31.86M | -12.87M | 4.64M | 21.75M | 2.96M | 23.75M | -12.85M | 15.35M | 5.77M | -86.33M | 5.58M | -62.43M | -56.85M | 6.14M | -4.47M | -360K | -26.39M |
| Working Capital Changes | 3.16M | -2.23M | 710K | -1.32M | -830K | 1.19M | -2.73M | -3.94M | 266K | 1.1M | -7.17M | 1.18M | -4.71M | -279K | -566K | -2.37M | 52K | 90K | -1.17M | -798K |
| Change in Receivables | 2.49M | -1.99M | 1.12M | -931K | 775K | 207K | 713K | -1.7M | 282K | 1.43M | -775K | 840K | -1.24M | -1.16M | -153K | -866K | 488K | -36K | -257K | -368K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 54K | -23K | 0 | -12K | 0 | 47K | -375K | 301K | -28K | -101K | -2.86M | 1.58M | -2.2M | 1.64M | 807K | -512K | 11K | 548K | 61K | 563K |
| Cash from Investing | -39.45M | 42.15M | 0 | -22.94M | 0 | -41.37M | 44.4M | -3.63M | -2.13M | -38.65M | -13.82M | -40.49M | -372.01M | -61.41M | -63.76M | -73.2M | -10.77M | -43.45M | -22.89M | -50.5M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 647.24M | 2.42M | 675.91M | 730.52M | 725.16M | 715.08M | 679.18M | 733M | 735.53M | 741.51M | 741.26M | 739.01M | 727.09M | 642.36M | 599.45M | 517.02M | 465.94M | 474.4M | 417.22M | 390.21M |
| Other Investing | 29.85M | 0 | 41.59M | 0 | 35.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 42.21M | -882K | -45.91M | -10.22M | 40.36M | -1.97M | -8.75M | -8.43M | 14.39M | 20.67M | 12.12M | 3.33M | 82.7M | 5.41M | 117.29M | 24.06M | 5.22M | 38.11M | -23.09M | 55.28M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -101K | 10.62M | -42K | 3.6M | 18.83M | 18.42M | 17.14M | 11.97M | 62K | 13.86M | 44M | 7.17M | 17.08M | 19M | 10.34M | 38.19M | 12.77M | 6.62M | 5.81M | 4.88M |
| Dividends Paid | -14.01M | -13.45M | -12.89M | -12.74M | -12.06M | -11.36M | -12.55M | -10.4M | -11.97M | -10.32M | -9.19M | -9.04M | -9.1M | -7.45M | -7.08M | -6.23M | -7.06M | -5.94M | -5.84M | -5.71M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -2.15M | 0 | -1.52M | 0 | 46.67M | -5K | -3K | -3K | 0 | -19K | -1.89M | 0 | -1.62M | -550K | 0 | 0 | -57.5M | 57.5M |
| Net Change in Cash | 11.79M | 50.56M | 3.69M | -23.53M | 14.22M | -30.27M | 44.85M | -4.28M | 25.81M | -3.05M | 6.72M | 16.06M | -2.72M | -44.74M | 61.92M | -31.3M | 3.05M | 3.04M | -40.74M | 34.35M |
| Free Cash Flow | -30.43M | 8.49M | 49.6M | 9.76M | -26.14M | 13.11M | 9.89M | 7.68M | 13.35M | -23.73M | 8.34M | 12.73M | -85.42M | 11.29M | -55.38M | -55.36M | 8.46M | 8.39M | 5.2M | -20.93M |
| FCF Margin % | 1157.32% | 20.42% | -501.59% | -90.19% | 1090.82% | 77.04% | 1638.08% | 41% | 49.46% | 695.98% | 93.96% | 89.95% | -710.61% | 90.07% | -427.45% | -664.68% | 118.88% | 49.1% | 46.69% | -210.15% |
| FCF Growth % | -16.41% | -35.27% | 401.33% | 27.12% | -295.76% | 155.25% | 18.7% | -39.7% | 115.63% | -310.08% | 115.05% | 122.99% | -1109.96% | 34.68% | -1164.1% | -164.52% | 90.67% | 44.04% | -14.81% | -1002.5% |
| FCF per Share | -0.72 | 0.19 | 1.20 | 0.24 | -0.72 | 0.36 | 0.28 | 0.23 | 0.40 | -0.73 | 0.28 | 0.45 | -3.17 | 0.44 | -2.28 | -2.53 | 0.41 | 0.41 | 0.26 | -1.08 |
| FCF Conversion (FCF/Net Income) | 0.16x | 0.28x | -2.39x | -0.46x | 2.10x | 1.80x | -1.08x | 0.89x | -1.25x | 1.98x | 54.84x | 2.40x | -21.25x | 1.88x | -7.27x | -15.72x | 3.73x | 0.66x | 0.77x | -3.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |