Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 18.03% is 71% below its 5-year average of 63.14%, near the high end of its 5-year range (-1214.57%–442.65%).
81.47% below its 12-month average of 97.28%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 87.43%.
GROSS MARGIN
18.03%
GROSS MARGIN AVG TTM
97.28%
GROSS MARGIN AVG 3Y
108.24%
GROSS MARGIN AVG 5Y
63.14%
GROSS MARGIN AVG 10Y
65.51%
GROSS MARGIN AVG 15Y
67.69%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-81.47%
CURRENT VS 3Y AVG
-83.34%
CURRENT VS 5Y AVG
-71.44%
CURRENT VS 10Y AVG
-72.48%
CURRENT VS 15Y AVG
-73.36%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.00%
median of 324 covered companies
CURRENT VS SECTOR MEDIAN
N/A
vs the sector median at left
Horizon Technology Finance Corporation
Market Cap
$229.12M
Gross Margin
18.03%
TTM Avg
97.28%
3Y Avg
108.24%
5Y Avg
63.14%
Market Cap
$229.75M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$228.16M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$230.69M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$231.28M
Gross Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.61M
Gross Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.84M
Gross Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.84M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Horizon Technology Finance Corporation (HRZN) | $229.12M | 18.03% | 97.28% | 108.24% | 63.14% |
| Bitcoin Infrastructure Acquisition Corp Ltd. (BIXI)vs › | $229.75M | N/A | N/A | N/A | N/A |
| Yorkville International Capital Corp. (YICC)vs › | $228.16M | N/A | N/A | N/A | N/A |
| Spartacus Acquisition Corp. II (TMTS)vs › | $230.69M | N/A | N/A | N/A | N/A |
| Stellar V Capital Corp. Class A Ordinary Shares (SVCC)vs › | $231.28M | 0.00% | 0.00% | 0.00% | 0.00% |
| American Drive Acquisition Company Class A Ordinary Shares (ADAC)vs › | $231.61M | 0.00% | 0.00% | 0.00% | 0.00% |
| Launchpad Cadenza Acquisition Corp I Class A Ordinary Share (LPCV)vs › | $231.84M | 0.00% | 0.00% | 0.00% | 0.00% |
| Vine Hill Capital Investment Corp. II Class A Ordinary Shares (VHCP)vs › | $231.84M | N/A | N/A | N/A | N/A |
| ITHAX Acquisition Corp III (ITHA)vs › | $231.93M | 0.00% | 0.00% | 0.00% | 0.00% |
Gross Margin
18.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 87.43% |
| 2026-03-31 | 76.90% |
| 2025-12-31 | 58.14% |
| 2025-09-30 | 81.00% |
| 2025-06-30 | 182.93% |
| 2025-03-31 | 180.24% |
| 2024-12-31 | 442.65% |
| 2024-09-30 | 53.31% |
| 2024-06-30 | -1214.57% |
| 2024-03-31 | 56.40% |
| 2023-12-31 | 86.71% |
| 2023-09-30 | 308.48% |
| 2023-06-30 | 19.07% |
| 2023-03-31 | 49.69% |
| 2022-12-31 | 48.30% |
| 2022-09-30 | 57.42% |
| 2022-06-30 | 67.39% |
| 2022-03-31 | 58.89% |
| 2021-12-31 | 54.28% |
| 2021-09-30 | 81.78% |
| 2021-06-30 | 73.50% |
| 2021-03-31 | 72.74% |
| 2020-12-31 | 60.93% |
| 2020-09-30 | -1762.14% |
| 2020-06-30 | 77.53% |
| 2020-03-31 | 12.51% |
| 2019-12-31 | 79.08% |
| 2019-09-30 | 74.33% |
| 2019-06-30 | 68.29% |
| 2019-03-31 | 53.76% |
| 2018-12-31 | 66.91% |
| 2018-09-30 | 73.28% |
| 2018-06-30 | 68.30% |
| 2018-03-31 | 67.47% |
| 2017-12-31 | 66.90% |
| 2017-09-30 | 72.65% |
| 2017-06-30 | 40.00% |
| 2017-03-31 | 78.49% |
| 2016-12-31 | -855.86% |
| 2016-09-30 | 122.86% |
| 2016-06-30 | -74.16% |
| 2016-03-31 | 46.05% |
| 2015-12-31 | 62.02% |
| 2015-09-30 | 69.32% |
| 2015-06-30 | 55.63% |
| 2015-03-31 | 78.58% |
| 2014-12-31 | 74.14% |
| 2014-09-30 | 79.96% |
| 2014-06-30 | 74.15% |
| 2014-03-31 | 81.46% |
| 2013-12-31 | 138.05% |
| 2013-09-30 | 73.55% |
| 2013-06-30 | 39.06% |
| 2013-03-31 | 67.94% |
| 2012-12-31 | 180.05% |
| 2012-09-30 | 83.58% |
| 2012-06-30 | 82.47% |
| 2012-03-31 | 85.00% |
| 2011-12-31 | 131.18% |
| 2011-09-30 | 83.06% |
| 2011-06-30 | 82.21% |
| 2011-03-31 | 80.31% |
| 2010-12-31 | 44.85% |
| 2010-09-30 | 87.99% |
| 2010-06-30 | 86.11% |
| 2010-03-30 | 85.58% |
| 2009-12-31 | 87.91% |
| 2009-09-30 | 76.23% |
