WhiteHorse Finance, Inc. (WHF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 7.24M | 9.83M | 952K | 3.9M | 5.49M | 5.51M | -5.39M | 9.5M | 7.48M | 4.71M | 6.72M | 5.2M | 9.05M | 427K | 5.09M | 8.78M | 7.05M | 4.45M | 9.6M | 11.96M |
| Gross Margin % | 64.9% | 66.14% | 14.14% | 38.85% | 47.04% | 45.89% | -351.04% | 57.07% | 50.5% | 38.59% | 47.06% | 41.47% | 54.61% | 6.09% | 47.5% | 63.98% | 59.62% | 46.43% | 71.41% | 75.83% |
| Gross Profit Growth % | 31.88% | 78.3% | 117.66% | -58.92% | -26.55% | 16.96% | -180.25% | 82.74% | -17.4% | 1003.51% | 31.87% | -40.82% | 28.44% | -90.41% | -46.9% | -26.56% | -24.62% | -52.08% | -57.44% | -49.99% |
| Operating Expenses | 2.9M | 1.26M | 1.32M | 1.47M | 1.12M | 1.34M | 1.17M | 1.39M | 1.22M | 996K | 945K | 1.07M | 1.3M | 1.22M | 1.05M | 1.26M | 1.12M | 1.15M | 1.07M | 1.04M |
| OpEx % of Revenue | 25.98% | 8.49% | 19.63% | 14.59% | 9.62% | 11.18% | 76.3% | 8.36% | 8.22% | 8.16% | 6.62% | 8.51% | 7.83% | 17.32% | 9.84% | 9.16% | 9.46% | 12% | 7.94% | 6.63% |
| Selling, General & Admin | 0 | 1.46M | 1.32M | 1.47M | 1.12M | 1.34M | 1.17M | 1.39M | 1.22M | 996K | 945K | 1.07M | 1.3M | 1.22M | 1.05M | 1.26M | 1.12M | 1.15M | 1.07M | 1.04M |
| SG&A % of Revenue | - | 9.84% | 19.63% | 14.59% | 9.62% | 11.18% | 76.3% | 8.36% | 8.22% | 8.16% | 6.62% | 8.51% | 7.83% | 17.32% | 9.84% | 9.16% | 9.46% | 12% | 7.94% | 6.63% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 4.34M | 8.56M | -370K | 2.44M | 4.37M | 4.17M | -6.56M | 8.11M | 6.26M | 3.72M | 5.77M | 4.13M | 7.76M | -788K | 4.04M | 7.52M | 5.93M | 3.3M | 8.53M | 10.91M |
| Operating Margin % | 38.92% | 57.65% | -5.49% | 24.26% | 37.41% | 34.72% | -427.34% | 48.71% | 42.28% | 30.44% | 40.44% | 32.97% | 46.78% | -11.23% | 37.66% | 54.81% | 50.16% | 34.43% | 63.47% | 69.21% |
| Operating Income Growth % | -0.57% | 105.42% | 94.36% | -69.95% | -30.22% | 12.19% | -213.68% | 96.22% | -19.28% | 571.57% | 42.92% | -45.1% | 30.77% | -123.86% | -52.63% | -31.05% | -29.05% | -60.8% | -60.83% | -52.57% |
| EBITDA | 4.31M | 8.56M | -370K | 2.44M | 4.37M | 4.17M | -6.56M | 8.11M | 6.26M | 3.72M | 5.77M | 4.13M | 7.76M | -788K | 4.04M | 7.52M | 5.93M | 3.3M | 8.53M | 10.91M |
| EBITDA Margin % | 38.65% | 57.65% | -5.49% | 24.26% | 37.41% | 34.72% | -427.34% | 48.71% | 42.28% | 30.44% | 40.44% | 32.97% | 46.78% | -11.23% | 37.66% | 54.81% | 50.16% | 34.43% | 63.47% | 69.21% |
| EBITDA Growth % | -1.26% | 105.42% | 94.36% | -69.95% | -30.22% | 12.19% | -213.68% | 96.22% | -19.28% | 571.57% | 42.92% | -45.1% | 30.77% | -123.86% | -52.63% | -31.05% | -29.05% | -60.8% | -60.83% | -52.57% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 4.31M | 8.56M | -370K | 2.44M | 4.37M | 4.17M | -6.56M | 8.11M | 6.26M | 3.72M | 5.77M | 4.13M | 7.76M | -788K | 4.04M | 7.52M | 5.93M | 3.3M | 8.53M | 10.91M |
| Net Interest Income | 10.48M | 9.55M | 10.04M | 10.13M | 10.05M | 10.73M | 11.92M | 12.63M | 13.15M | 14.57M | 14.88M | 14.3M | 14.31M | 15.41M | 12.72M | 12.19M | 12.57M | 11.49M | 12.26M | 11.07M |
| Interest Income | 15.48M | 14.58M | 15.82M | 16.27M | 16.23M | 17.23M | 18.85M | 19.77M | 20.48M | 22.07M | 22.44M | 21.64M | 21.83M | 22M | 18.35M | 17.13M | 17.35M | 16.63M | 16.1M | 14.89M |
| Interest Expense | 5M | 5.03M | 5.78M | 6.14M | 6.18M | 6.5M | 6.93M | 7.14M | 7.33M | 7.5M | 7.56M | 7.33M | 7.53M | 6.59M | 5.63M | 4.95M | 4.77M | 5.14M | 3.84M | 3.81M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -687K | 8.56M | -370K | 2.44M | 4.37M | 4.17M | -6.56M | 8.11M | 6.26M | 3.72M | 5.77M | 4.13M | 7.76M | -788K | 4.04M | 7.52M | 5.93M | 3.3M | 8.53M | 10.91M |
| Pretax Margin % | -6.16% | 57.65% | -5.49% | 24.26% | 37.41% | 34.72% | -427.34% | 48.71% | 42.28% | 30.44% | 40.44% | 32.97% | 46.78% | -11.23% | 37.66% | 54.81% | 50.16% | 34.43% | 63.47% | 69.21% |
| Income Tax | 0 | 185K | 186K | 186K | 105K | 268K | 294K | 267K | 292K | 290K | 175K | 250K | 250K | 430K | 195K | 175K | 224K | 159K | 253K | 402K |
| Effective Tax Rate % | 0% | 2.16% | -50.27% | 7.64% | 2.4% | 6.43% | -4.48% | 3.29% | 4.66% | 7.8% | 3.03% | 6.05% | 3.22% | -54.57% | 4.83% | 2.33% | 3.78% | 4.82% | 2.97% | 3.68% |
| Net Income | -687K | 8.38M | -556K | 2.25M | 4.26M | 3.9M | -6.86M | 7.84M | 5.97M | 3.43M | 5.6M | 3.88M | 7.51M | -1.22M | 3.85M | 7.35M | 5.71M | 3.14M | 8.28M | 10.51M |
| Net Margin % | -6.16% | 56.4% | -8.26% | 22.41% | 36.51% | 32.49% | -446.48% | 47.11% | 40.31% | 28.06% | 39.21% | 30.97% | 45.27% | -17.36% | 35.84% | 53.54% | 48.27% | 32.77% | 61.58% | 66.66% |
| Net Income Growth % | -116.11% | 114.79% | 91.89% | -71.3% | -28.56% | 13.86% | -222.49% | 101.98% | -20.48% | 381.28% | 45.62% | -47.19% | 31.52% | -138.75% | -53.53% | -30.08% | -30.14% | -61.65% | -61.75% | -53.92% |
| Net Income (Continuing) | -687K | 8.38M | -556K | 2.25M | 4.26M | 3.9M | -6.86M | 7.84M | 5.97M | 3.43M | 5.6M | 3.88M | 7.51M | -1.22M | 3.85M | 7.35M | 5.71M | 3.14M | 8.28M | 10.51M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | 0.36 | -0.02 | 0.10 | 0.30 | 0.17 | -0.30 | 0.34 | 0.26 | 0.15 | 0.47 | 0.17 | 0.32 | -0.05 | 0.17 | 0.32 | 0.25 | 0.15 | 0.40 | 0.51 |
| EPS Growth % | -110.33% | 111.76% | 92.03% | -71.53% | 15.38% | 13.33% | -163.83% | 100% | -18.75% | 386.26% | 176.47% | -46.88% | 28% | -134.93% | -57.5% | -37.25% | -37.5% | -62.5% | -62.26% | -54.05% |
| EPS (Basic) | -0.03 | 0.36 | -0.02 | 0.10 | 0.30 | 0.17 | -0.30 | 0.34 | 0.26 | 0.15 | 0.47 | 0.17 | 0.32 | -0.05 | 0.17 | 0.32 | 0.25 | 0.15 | 0.40 | 0.51 |
| Diluted Shares Outstanding | 22.17M | 23.17M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.19M | 20.85M | 20.85M | 20.63M |
| Basic Shares Outstanding | 22.17M | 23.17M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.24M | 23.19M | 20.85M | 20.85M | 20.63M |
| Dividend Payout Ratio | - | 116.51% | - | 397.73% | 209.87% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |