WhiteHorse Finance, Inc. (WHF) Financial Statements
In fiscal 2025, WhiteHorse Finance reported revenue of $72.7M, down 21.7% from $92.8M the year before. Net income was $14.3M (a 19.7% net margin), or $0.62 per diluted share. Operating activities generated $77.3M of cash. At fiscal year end, WhiteHorse Finance held $615.1M in total assets against $355.3M in total liabilities, including $7.0M of cash and equivalents.
Open the full interactive WhiteHorse Finance financials → Quarterly statements, key ratios, valuation history and price charts.
WhiteHorse Finance Key Stats
| Share Price | $7.37 |
|---|---|
| Market Cap | $159.0M |
| P/E Ratio | 11.9 |
| Revenue YoY Growth | -21.7% |
| 52-Week Range | $5.57 – $7.37 |
| Shares Outstanding | 21.6 million (basic, 2026 Q2) |
WhiteHorse Finance Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $87.5M | $103.3M | $92.8M | $72.7M |
| Pre-Tax Income | $15.7M | $20.4M | $10.9M | $14.3M |
| Income Tax | $0 | $0 | $0 | $0 |
| Net Income | $15.7M | $20.4M | $10.9M | $14.3M |
| Diluted EPS | $0.68 | $0.88 | $0.47 | $0.62 |
WhiteHorse Finance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $17.7M | $17.3M | $15.9M | $14.4M |
| Net Income | -$556,000 | $8.4M | -$687,000 | $10.4M |
| Diluted EPS | -$0.02 | $0.36 | -$0.03 | $0.48 |
WhiteHorse Finance Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $9.5M | $10.7M | $12.4M | $7.0M |
| Total Assets | $796.5M | $730.8M | $676.8M | $615.1M |
| Total Long-Term Debt | $440.4M | $386.4M | $353.1M | $323.8M |
| Total Liabilities | $464.1M | $414.0M | $390.7M | $355.3M |
| Shareholders' Equity | $332.4M | $316.8M | $286.1M | $259.8M |
WhiteHorse Finance Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | $72.0M | $90.4M | $78.8M | $77.3M |
| Cash From Financing | -$68.5M | -$92.1M | -$75.4M | -$75.4M |
Figures from WhiteHorse Finance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full WhiteHorse Finance financials page for every line item.
WhiteHorse Finance Company Profile
| Ticker | WHF |
|---|---|
| Exchange | Nasdaq |
| Headquarters | Miami, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001552198 |
Frequently Asked Questions
What was WhiteHorse Finance's revenue in fiscal 2025?
WhiteHorse Finance (WHF) reported revenue of $72.7M for fiscal 2025.
What is WhiteHorse Finance's annual revenue history?
WhiteHorse Finance's annual revenue by fiscal year: 2022: $87.5M; 2023: $103.3M; 2024: $92.8M; 2025: $72.7M.
What was WhiteHorse Finance's net income in fiscal 2025?
WhiteHorse Finance reported net income of $14.3M for fiscal 2025.
What was WhiteHorse Finance's earnings per share (EPS) in fiscal 2025?
WhiteHorse Finance's diluted EPS was $0.62 for fiscal 2025 (adjusted for any later stock splits).
What was WhiteHorse Finance's revenue last quarter?
In its most recent reported quarter (2026 Q2), WhiteHorse Finance reported revenue of $14.4M.
How much debt does WhiteHorse Finance have?
WhiteHorse Finance reported $323.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of WhiteHorse Finance are outstanding?
WhiteHorse Finance reported a weighted average of 21.6 million basic shares outstanding in 2026 Q2.
What is WhiteHorse Finance's market cap?
Based on its latest closing price, WhiteHorse Finance (WHF) has a market capitalization of about $159.0M.
When does WhiteHorse Finance's fiscal year end?
WhiteHorse Finance's fiscal year end, as registered with the SEC, is December 31.
Where is WhiteHorse Finance headquartered?
WhiteHorse Finance lists its business address in Miami, Florida in its SEC filings.