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WHF (WhiteHorse Finance, Inc.) Stock Financials & Earnings | Market Cap Arena
WHF
WhiteHorse Finance, Inc.
Mkt Cap
$176M
Financial Services
·
Asset Management
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$44M
Net Income (TTM)
$27M
EPS (TTM)
$0.73
Free Cash Flow (TTM)
$22M
Gross Margin
45.4%
Op. Margin
58.3%
Net Margin
61.4%
FCF Margin
51.3%
P/S Ratio (TTM)
4.0x
P/E Ratio (TTM)
6.6x
YoY Rev Growth
-3.1%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$17M
$9M
$8M
Q2 23
$13M
$5M
$4M
Q3 23
$14M
$7M
$6M
Q4 23
$12M
$5M
$4M
Q1 24
$15M
$7M
$6M
Q2 24
$17M
$9M
$8M
Q3 24
$2M
-$5M
-$7M
Q4 24
$12M
$6M
$4M
Q1 25
$12M
$5M
$4M
Q2 25
$10M
$4M
$2M
Q3 25
$16M
$11M
$5M
Q4 25
$6M
-$1M
$13M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.7x
10.1x
Q2 23
3.8x
12.6x
Q3 23
3.5x
11.2x
Q4 23
3.2x
8.6x
Q1 24
3.3x
9.3x
Q2 24
3.0x
7.7x
Q3 24
3.9x
17.0x
Q4 24
3.9x
16.2x
Q1 25
4.2x
19.2x
Q2 25
5.0x
49.5x
Q3 25
3.5x
17.8x
Q4 25
4.0x
6.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$11M
$11M
Q2 23
-$7M
-$7M
Q3 23
$24M
$24M
Q4 23
$79M
$79M
Q1 24
$5M
$5M
Q2 24
$3M
$3M
Q3 24
$21M
$21M
Q4 24
$71M
$71M
Q1 25
-$7M
-$7M
Q2 25
$22M
$22M
Q3 25
$7M
$7M
Q4 25
$959K
$959K
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$0
Q2 23
$0
Q3 23
$0
Q4 23
$0
Q1 24
$0
Q2 24
$0
Q3 24
$0
Q4 24
$0
Q1 25
$0
Q2 25
$0
Q3 25
$0
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+40.2%
+49.7%
Q2 23
-8.7%
+35.4%
Q3 23
+33.1%
+27.2%
Q4 23
+74.0%
+8.8%
Q1 24
-10.7%
-3.1%
Q2 24
+32.8%
+1.6%
Q3 24
-89.2%
-4.8%
Q4 24
-1.6%
-7.7%
Q1 25
-21.1%
-14.5%
Q2 25
-39.7%
-10.9%
Q3 25
+936.7%
+31.9%
Q4 25
-50.2%
-194.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$1M
Q2 23
$1M
Q3 23
$945K
Q4 23
$996K
Q1 24
$1M
Q2 24
$1M
Q3 24
$1M
Q4 24
$1M
Q1 25
$1M
Q2 25
$1M
Q3 25
$1M
Q4 25
$1M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$12M
$0
$12M
Q2 23
$10M
$0
$10M
Q3 23
$11M
$0
$11M
Q4 23
$24M
$0
$24M
Q1 24
$11M
$0
$11M
Q2 24
$13M
$0
$13M
Q3 24
$11M
$0
$11M
Q4 24
$12M
$0
$12M
Q1 25
$11M
$0
$11M
Q2 25
$11M
$0
$11M
Q3 25
$46M
$0
$46M
Q4 25
$29M
$0
$29M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
23M
+0.0%
Q2 23
23M
+0.0%
Q3 23
23M
+0.0%
Q4 23
23M
+0.0%
Q1 24
23M
+0.0%
Q2 24
23M
+0.0%
Q3 24
23M
+0.0%
Q4 24
23M
+0.0%
Q1 25
23M
+0.0%
Q2 25
23M
+0.0%
Q3 25
23M
+0.0%
Q4 25
23M
-0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
—
—
FY 16
—
—
FY 17
—
—
FY 18
—
—
FY 19
$24M
2
FY 20
$25M
2
FY 21
$26M
2
FY 22
$22M
2
FY 23
$28M
2
FY 24
$9M
2
FY 25
$19M
2
marketcaparena.com