Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of -3.99% is 109% below its 5-year average of 44.90%, near the high end of its 5-year range (-1452.98%–503.55%).
104.53% below its 12-month average of 88.08%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 61.70%.
OPERATING MARGIN
-3.99%
OPERATING MARGIN AVG TTM
88.08%
OPERATING MARGIN AVG 3Y
97.02%
OPERATING MARGIN AVG 5Y
44.90%
OPERATING MARGIN AVG 10Y
76.89%
OPERATING MARGIN AVG 15Y
77.10%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-104.53%
CURRENT VS 3Y AVG
-104.11%
CURRENT VS 5Y AVG
-108.89%
CURRENT VS 10Y AVG
-105.19%
CURRENT VS 15Y AVG
-105.18%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
16.09%
median of 716 covered companies
CURRENT VS SECTOR MEDIAN
-124.80%
vs the sector median at left
Horizon Technology Finance Corporation
Market Cap
$229.12M
Operating Margin
-3.99%
TTM Avg
88.08%
3Y Avg
97.02%
5Y Avg
44.90%
Market Cap
$229.75M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$228.16M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$230.69M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$231.28M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.61M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.84M
Operating Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$231.84M
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Horizon Technology Finance Corporation (HRZN) | $229.12M | -3.99% | 88.08% | 97.02% | 44.90% |
| 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% |
| OP Bancorp (OPBK)vs › | $226.75M | 23.37% | 20.04% | 27.22% | 31.31% |
| 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%
Operating Margin
-4.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 61.70% |
| 2026-03-31 | 51.80% |
| 2025-12-31 | 45.74% |
| 2025-09-30 | 74.82% |
| 2025-06-30 | 206.33% |
| 2025-03-31 | 194.64% |
| 2024-12-31 | 503.55% |
| 2024-09-30 | 44.97% |
| 2024-06-30 | -1452.98% |
| 2024-03-31 | 48.25% |
| 2023-12-31 | -10.91% |
| 2023-09-30 | 346.17% |
| 2023-06-30 | 3.73% |
| 2023-03-31 | 38.79% |
| 2022-12-31 | 36.84% |
| 2022-09-30 | 48.59% |
| 2022-06-30 | 59.61% |
| 2022-03-31 | 43.49% |
| 2021-12-31 | 35.04% |
| 2021-09-30 | 75.08% |
| 2021-06-30 | 60.88% |
| 2021-03-31 | 61.06% |
| 2020-12-31 | 43.69% |
| 2020-09-30 | -2321.43% |
| 2020-06-30 | 69.52% |
| 2020-03-31 | -28.65% |
| 2019-12-31 | 68.74% |
| 2019-09-30 | 65.31% |
| 2019-06-30 | 68.04% |
| 2019-03-31 | 257.72% |
| 2018-12-31 | 205.30% |
| 2018-09-30 | 75.95% |
| 2018-06-30 | 166.75% |
| 2018-03-31 | 152.96% |
| 2017-12-31 | 79.37% |
| 2017-09-30 | 112.77% |
| 2017-06-30 | 186.08% |
| 2017-03-31 | 74.36% |
| 2016-12-31 | 3482.88% |
| 2016-09-30 | -87.07% |
| 2016-06-30 | 618.30% |
| 2016-03-31 | 184.75% |
| 2015-12-31 | 120.74% |
| 2015-09-30 | 96.93% |
| 2015-06-30 | 112.20% |
| 2015-03-31 | 61.34% |
| 2014-12-31 | 81.25% |
| 2014-09-30 | 64.34% |
| 2014-06-30 | 42.65% |
| 2014-03-31 | 38.84% |
| 2013-12-31 | -96.70% |
| 2013-09-30 | 74.53% |
| 2013-06-30 | 168.78% |
| 2013-03-31 | 71.64% |
| 2012-12-31 | 218.85% |
| 2012-09-30 | 44.86% |
| 2012-06-30 | 41.19% |
| 2012-03-31 | 50.60% |
| 2011-12-31 | -230.56% |
| 2011-09-30 | 46.47% |
| 2011-06-30 | 33.17% |
| 2011-03-31 | 40.81% |
| 2010-12-31 | -377.59% |
| 2010-09-30 | 80.85% |
| 2010-06-30 | 58.76% |
| 2010-03-30 | 55.71% |
| 2009-12-31 | 94.21% |
| 2009-09-30 | 129.64% |
