WhiteHorse Finance Inc
whitehorsefinance.comWhat Do They Do?
Lends to privately held lower middle market companies in the United States, mainly through senior secured loans.
10-K for FY2025, filed Mar 6, 2026
How Do They Make Money?
Portfolio companies pay interest on loans monthly or quarterly; WhiteHorse also earns loan-related fees and may receive gains and dividends from investments.
10-K for FY2025, filed Mar 6, 2026We generate revenue in the form of interest payable on the debt securities that we hold and capital gains and distributions, if any, on the…View ↗
Investment Income: Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. The…View ↗
Dividend income is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio…View ↗
$26.1M
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10-K for FY2025, filed Mar 6, 2026
$26.1M ↗
Who Are Their Customers?
Its borrowers are privately held U.S. businesses with enterprise values between $50 million and $350 million; WhiteHorse originates loans to them.
10-K for FY2025, filed Mar 6, 2026
Do Revenues Turn Into Profits?
Yes. It kept 55 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 6, 2026
10-K for FY2025, filed Mar 6, 2026
$14.3MView ↗
How Are They Changing?
Shrinking. Revenue fell 9% in 4 years, from $28.8M in FY2021 to $26.1M in FY2025, about 2% a year.
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