Horizon Technology Finance Corp 2025年季度报告

Form10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____TO COMMISSION FILE NUMBER:814-00802 HORIZON TECHNOLOGY FINANCE CORPORATION (Exact name of registrant as specified in its charter) Delaware27-2114934(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)312 Farmington AvenueFarmington,CT06032(Address of principal executive offices)(Zip Code) (860)676‑8654(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b‑2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b‑2 of the Exchange Act). Yes☐No☒ The number of shares of the registrant’s common stock traded under the symbol “HRZN” on the Nasdaq Global Select Market, $0.001 par valueper share, outstanding as of April 29, 2025was40,354,963. Securities registered pursuant to Section12(b)of the Act: HORIZON TECHNOLOGY FINANCE CORPORATION FORM10‑QTABLE OF CONTENTS PARTI Item1Consolidated Financial Statements. Consolidated Statements of Assets and Liabilities as of March 31, 2025 (unaudited) and December31, 2024Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 (unaudited)Consolidated Statements of Changes in Net Assets for the three months ended March 31, 2025 and 2024 (unaudited)Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024 (unaudited)Consolidated Schedules of Investments as of March 31, 2025 (unaudited) and December31, 2024Notesto the Consolidated Financial Statements (unaudited)28Management’s Discussion and Analysis of Financial Condition and Results of Operations55Quantitative and Qualitative Disclosures About Market Risk70Controls and Procedures71 PARTII Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.ExhibitsSignaturesEX‑31.1 PARTI: FINANCIAL INFORMATION Item1. Consolidated Financial Statements Horizon Technology Finance Corporation and Subsidiaries Consolidated Statements of Assets and Liabilities(Dollars in thousands, except share and per share data) Consolidated Statements of Operations (Unaudited)(Dollars in thousands, except share and per share data) Consolidated Statements of Cash Flows (Unaudited)(Dollars in thousands) The following table provides a reconciliation of cash, cash equivalents and restricted cash in the consolidated statements of assetsand liabilities to the total amount shown at the end of the applicable period in the consolidated statements of cash flows: Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Horizon Technology Finance Corporation and Subsidiaries Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Horizon Technology Finance Corporation and Subsidiaries Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Horizon Technology Finance Corporation and Subsidiaries Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Horizon Technology Finance Corporation and Subsidiaries Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Consolidated Schedule of Investments (Unaudited)March 31, 2025(Dollars in thousands) Horizon Technolog