RWAY (64) HTT (41) USDE (57) MFIN (57) ⌘ Pro Terminal →

Horizon Technology Finance Corporation (HRZN) — RQD Stock Rating Cockpit

$4.13 +2.74% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.14

Horizon Technology Finance Corporation (HRZN) carries a Roarable Rating of D+ (Sell) with 58/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 58/100 (D+) historically posted market-perform odds over rolling 90-day windows (+0.0% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $276.9M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $4.14 (+0.30%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 1.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 58/100 (D+) historically posted market-perform odds over rolling 90-day windows (+0.0% avg 90D alpha vs SPY • 52.7% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+0% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HRZN)Realized 20D OHLCV Swing Band: ±6.2%

Deterministic 5-Pillar Attribution (58/100 Composite)

🔍 WHY HRZN SCORES 58/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (22% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 4/9

▲ #2 Bullish Driver: Macro Regime Fit+12/20 pts (21% of score)

FRED Regime × Technicals: 11% of 52W Range • RSI-14 at 37.2 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning10/20 pts (-10 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-10 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B-$4.59-6.5% Next Q

Q2 (-2Q)

Grade C+$4.29-7.7% Next Q

Q3 (-1Q)

Grade C$3.96+4.3% Next Q

Current

Grade D+$4.13+0% Hist 90D α

Trajectory: B- (66) → D+ (58)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the HRZN Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 58/100 (D+) score, HRZN faces multiple-compression risk if current valuation multiples re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($4.54) or 200D SMA ($4.78) invalidates the momentum regime and cuts Target Base ($4.13) toward Bear Floor ($3.22).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HRZN• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “HRZN Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 58%NO 42%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

37.230 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

4 / 99-Pt Accounting

52-WEEK LASER RANGE11% OF RANGE

L: $4$4.13H: $7

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: D+RQD 11 / 20

2. Big Money & Insiders● NEUTRAL

Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: D+RQD 22 / 40

3. Hidden Risks & Market Weather● WATCH

SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 25 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on HRZN

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (55)

-0.8% ROIC with 42.0% gross margin and 20.45% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 4/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

NEUTRAL (57)

22/40 institutional & smart-money positioning score with 12/20 macro alignment.

Bull Case: Why Buyers Like HRZN

✓Established market leader in Financials with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Broader market pullbacks can still drag down strong stocks in the short run.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HRZN)

✓Walkthrough of HRZN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

HRZN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -1.43%📐 HORIZONTAL RANGE

2026-10-30O $4.09H $4.14L $3.99C $4.13VOL 456.3K

RES: $5.53SUP: $3.88SMA50: $4.54SMA200: $4.78

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HRZN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HRZN Butterfly Map → + Track HRZN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on HRZN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HRZN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for HRZN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HRZN)

Financials Rank #618 of 1096 ⚔️ RWAY vs HRZN Full Matrix →

1. Head-to-Head Financials Peer Comparison (HRZN vs. RWAY, HTT, USDE, MFIN)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Horizon Technology Finance Corporation (HRZN) ranks #618 by composite RQD confidence (58/100, grade D+) and #830 by equity capitalization ($276.9M). Within this direct 5-issuer industry benchmark cohort, MFIN leads on earnings valuation at 6.2x trailing P/E, while MFIN leads on capital efficiency and profitability with 10.5% ROIC and — gross margin. RWAY currently holds the highest overall quantitative score in the immediate peer group at 64/100 (C) compared with HRZN at 58/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
HRZN ACTIVE Horizon Technology Finance Corporation	D+	58/100	—	—	-0.8%	+2.74%	$276.9M	Benchmark Subject
RWAY Runway Growth Finance Corp.	C	64/100	8.1x	—	7.0%	+1.70%	$276.6M	/rway-vs-hrzn →
HTT High Templar Tech Limited each representing one Class A ordinary share	D-	41/100	—	—	-5.2%	-3.19%	$282.6M	/htt-vs-hrzn →
USDE StablecoinX Inc. (Class A)	D+	57/100	—	—	—	+4.44%	$268.6M	/usde-vs-hrzn →
MFIN Medallion Financial Corp.	D+	57/100	6.2x	—	10.5%	+1.39%	$268.2M	/mfin-vs-hrzn →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001487428

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Horizon Technology Finance Corporation (HRZN) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$2.7M, operating cash flow of $56.6M, and free cash flow of $56.6M (+1338.4% YoY). On the balance sheet, HRZN closed FY2025 with $811.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	-$2.7M	$56.6M	$56.6M	$811.1M	—
FY2024 (FY)	2024-12-31	$0	-$5.6M	$3.9M	$3.9M	$821.8M	—
FY2023 (FY)	2023-12-31	$0	-$17.2M	-$5.3M	-$5.3M	—	—

3. HRZN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HRZN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Horizon Technology Finance Corporation (NASDAQ: HRZN) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $4.13 (+2.74% 1D, market cap $276.9M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 10/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 12/20. Across 1096 tracked Financials issuers, HRZN ranks #618 in composite RQD confidence.

How does HRZN compare to RWAY and HTT in the Financials sector?

Within the Financials sector (Finance: Consumer Services), HRZN carries a Roarable D+ (58/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -0.8%. By comparison, RWAY (Runway Growth Finance Corp.) holds a C grade (64/100 RQD, P/E 8.1x, ROIC 7.0%, cap $276.6M) and HTT (High Templar Tech Limited each representing one Class A ordinary share) posts a D- grade (41/100 RQD, P/E N/A, ROIC -5.2%, cap $282.6M). Among the 5-stock peer group, MFIN leads on earnings multiple (6.2x) while MFIN leads on capital efficiency (10.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HRZN?

Per HRZN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001487428), Horizon Technology Finance Corporation generated $0 in revenue, -$2.7M in net income, and $56.6M in free cash flow against $811.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HRZN trading relative to its 50-day, 200-day, and 52-week technical levels?

HRZN last traded at $4.13 (+2.74% on volume of 309,123 shares), positioning the stock -9.03% below its 50-day simple moving average ($4.54) and -13.60% below its 200-day simple moving average ($4.78). Across its 52-week range of $3.80 to $6.85, HRZN sits at the 10.8% percentile with a 14-day RSI of 37.2 (NEUTRAL RANGE) and an implied next-earnings move of ±6.2% ($3.87 to $4.39).

HRZN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell HRZN stock right now?

Horizon Technology Finance Corporation (HRZN) currently earns a Roarable Rating of D+ (Sell — SELL) with 58/100 RQD Confidence. Stretched risk/reward at current multiples (-1% return on capital) under elevated 10-year interest-rate pressure.

What is HRZN's 12-month price target and RQD AI Jury consensus?

HRZN's 12-month base price target is $4.13 (range $3.22 to $7.19), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: HRZN RQD Cockpit HRZN 12M Forecast HRZN Earnings & Move HRZN Dividends & DRIP HRZN Insiders & 13F HRZN Whale Options HRZN Profit Sankey HRZN News & Why