WHF - NASDAQ
WhiteHorse Finance, Inc.
$6.76
+1.1%WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
At a Glance
Live SnapshotWhiteHorse Finance, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
WhiteHorse Finance, Inc. Income Statement
WHF • NASDAQ
| WhiteHorse Finance, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||
37.9M | 17.1M | 55.6M | 43.3M | 51.9M | 49.1M | 34.2M | 61.3M | 37.2M | 34.2M | 639K | 23.3M | 22.4M | 40.7M | |
GROSS PROFIT | ||||||||||||||
(18.1M) | (0.0) | (29.9M) | (21.9M) | (16.6M) | (13.1M) | (19.3M) | (22.4M) | (16.8M) | (16.4M) | (14M) | -14.2M | (0.0) | (406K) | |
19.8M | 17.1M | 25.7M | 21.4M | 35.4M | 36M | 15M | 38.9M | 20.4M | 17.8M | -13.4M | 37.5M | 22.4M | 40.3M | |
OPERATING INCOME | ||||||||||||||
-18.4M | (5.1M) | (4.3M) | (4.6M) | (4.3M) | (3.6M) | (2.6M) | (3.1M) | (2.7M) | (2.9M) | (3.5M) | (3.8M) | (3.4M) | (749K) | |
(5.4M) | (5.1M) | (4.3M) | (4.6M) | (4.3M) | (3.6M) | (3M) | (3.3M) | (2.7M) | (2.9M) | (3.5M) | (4.2M) | (3.4M) | (749K) | |
38.2M | 12M | 21.4M | 16.7M | 31.1M | 32.4M | 31.7M | 36.6M | 26.2M | 27M | 20.8M | 17M | 19.3M | 42.2M | |
PRE-TAX INCOME | ||||||||||||||
(23.1M) | (27.9M) | (29.9M) | (21.9M) | (16.6M) | (13.1M) | (13.5M) | (11.6M) | (9.8M) | (8.2M) | (10M) | (5.8M) | (5.3M) | (1.1M) | |
30.3M | 38.5M | 58.1M | 52.1M | 46.6M | 43.5M | 44M | 44.6M | -9.8M | -8.2M | -10M | -5.8M | -5.3M | -1.1M | |
-23.8M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -397K | -270K | -9.8M | -8.2M | -25.5M | -447K | (0.0) | (0.0) | |
-23.9M | -1.1M | 0.0 | 0.0 | 0.0 | 0.0 | -13.2M | -1.9M | -1.6M | -3.9M | -23.6M | 2.5M | -5.6M | -4.2M | |
14.3M | 10.9M | 21.4M | 16.7M | 31.1M | 32.4M | 31.7M | 58.2M | 34.4M | 31.3M | -2.8M | 19.5M | 19M | 39.6M | |
NET INCOME | ||||||||||||||
(0.0) | (0.0) | (965K) | (1M) | (1M) | (742K) | (813K) | (942K) | (44.3M) | (39.5M) | -1K | (0.0) | (0.0) | (0.0) | |
14.3M | 10.9M | 20.4M | 15.7M | 30.1M | 31.7M | 30.8M | 57.3M | 34.4M | 31.3M | -2.8M | 19.5M | 19M | 39.6M |
SEC Filings
WHF - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 13, 2026 | March 10, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 04, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 02, 2026 | March 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 20, 2026 | February 20, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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