WhiteHorse Finance, Inc.

WHF

WhiteHorse Finance, Inc.

WHF

Insider Sentiment (TTM):

Last Purchase:2026-06-18Last Sale:2025-12-23Shares Purchased (TTM):143,142Shares Sold (TTM):1,000

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:3,283,075Shares Outstanding:22,168,930Institutional Ownership Pct.:14.81%

Earnings Market Reaction:

Filing Date:2026-08-10Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Investment Unaffiliated Issuer	-	403	437	-65	-20	513	505	-10	-41	567	578	-26
Investment Affiliated Issuer Noncontrolled	-	34	36	4	-1	31	30	10	0	17	5	-1
Investment Affiliated Issuer Controlled	-	106	106	-0	-1	107	108	-6	3	114	113	5
Assets
Investment Owned At Fair Value	569	543	579	568	629	651	642	654	660	698	696	707
Cash And Cash Equivalents At Carrying Value	8	12	7	10	11	11	12	11	13	11	11	11
Restricted Cash And Cash Equivalents Noncurrent	19	37	22	36	22	8	15	9	8	9	13	18
Cash Held In Foreign Currency	0	0	0	0	0	0	1	1	0	1	1	1
Receivables From Brokers Dealers And Clearing Orga…	1	7	0	4	1	2	0	1	13	8	0	1
Escrow Deposit	-	-	-	-	-	-	-	-	-	-	0	1
Derivative Assets	-	-	-	-	-	-	-	-	-	0	-	0
Assets	604	606	615	626	671	679	677	684	703	735	731	747
Liabilities
Long Term Debt	324	324	324	324	363	361	353	353	359	390	386	398
Payable Investment Purchase	-	-	-	-	-	-	4	-	-	-	-	-
Distribution Payable	5	6	6	9	9	9	9	9	9	9	9	9
Management Fee Payable	3	3	3	3	3	3	3	3	3	3	4	4
Incentive Fee Payable	16	18	19	18	18	18	18	16	15	13	10	8
Interest Payable Current And Noncurrent	1	3	1	5	1	4	2	4	2	4	2	4
Accounts Payable And Accrued Liabilities Current A…	1	2	2	2	1	2	2	2	3	2	2	2
Derivative Liabilities	-	0	0	-	-	-	-	0	0	-	0	-
Payable Common Stock Redeemed	-	0	-	-	-	-	-	-	-	-	-	-
Liabilities	351	356	355	361	396	397	391	387	391	421	414	424
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	324	326	329	337	337	337	337	338	338	338	338	339
Retained Earnings Accumulated Deficit	-71	-76	-69	-72	-62	-56	-51	-41	-26	-25	-22	-17
Stockholders Equity	253	250	260	265	275	281	286	297	313	314	317	322
Liabilities And Stockholders Equity	604	606	615	626	671	679	677	684	703	735	731	747
Shares Outstanding	21	22	22	23	23	23	23	23	23	23	23	23
Net Asset Value Per Share	11.77	11.47	11.68	11.41	11.82	12.11	12.31	12.77	13.45	13.5	13.63	13.87
Investment Owned At Cost	594	574	608	611	667	706	695	707	705	741	740	744
Cash Held In Foreign Currency Acquisition Cost	0	0	0	0	0	0	1	1	0	1	1	1
Deferred Finance Costs Net	-	4	5	5	5	4	3	3	4	4	5	5
Common Stock Shares Authorized	100	100	100	100	100	100	100	100	100	100	100	100
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Issued	21	22	22	23	23	23	23	23	23	23	23	23

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-8.62%	-9.98%	-10.39%	-	-	-	-	-	-	-	-	-
2025	-3.43%	1.99%	-2.82%	0.35%	-12.74%	-13.59%	13.78%	7.29%	2.99%	-0.29%	5.01%	-4.86%
2024	-2.06%	-3.64%	-4.26%	5.60%	5.35%	10.39%	-8.45%	-12.73%	-9.33%	-1.27%	1.42%	-6.76%
2023	-	-	-	-	-	-	1.15%	3.89%	8.28%	2.36%	6.49%	9.38%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	1.85	1.43	1.62	1.40	1.14	1.34	1.39	1.36	1.77	1.64	1.68	1.74
Per Share Metrics
Diluted EPS TTM	0.81	0.42	0.62	0.42	0.15	0.39	0.47	0.45	0.98	0.81	0.88	1.24
Free Cash Flow Per Share TTM	1.97	5.08	3.33	4.49	2.47	3.02	3.39	3.16	4.35	3.02	3.89	3.55
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Growth Metrics
Net Income Growth (1Y)	393.25%	2.62%	32.13%	-4.98%	-84.42%	-51.54%	-46.84%	-64.00%	-15.65%	-	-	-
EPS Growth (1Y)	431.48%	7.60%	32.51%	-4.98%	-84.42%	-51.54%	-46.84%	-64.00%	-15.65%	-	-	-
Valuation Metrics
P/E TTM	8.24	16.88	10.47	14.61	48.78	20.15	16.39	19.33	9.03	10.71	9.53	6.80
P/B TTM	0.57	0.63	0.58	0.54	0.63	0.65	0.62	0.68	0.66	0.64	0.61	0.61
Market Cap	144.53M	158.44M	150.13M	144.00M	173.52M	184.26M	177.89M	200.62M	206.08M	202.12M	194.45M	195.92M
Enterprise Value	460.51M	470.80M	466.93M	457.98M	526.17M	533.94M	518.58M	542.25M	552.12M	581.73M	570.15M	583.44M
Calculated Values
Free Cash Flow TTM	42.59M	112.53M	77.27M	104.39M	57.34M	70.15M	78.76M	73.49M	101.20M	70.21M	90.37M	82.45M
Net Debt	315.98M	312.36M	316.80M	313.99M	352.64M	349.69M	340.69M	341.63M	346.04M	379.61M	375.70M	387.52M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-18Purchase

Owner: Bolduc, John

Title: -

Shares: 15,380

Price/Share: $6.49

Value: $99,816.20

Shares Owned: 317,297

Relationship: Director

Ownership: Indirect

2026-06-15Purchase

Owner: Aronson, Stuart D

Title: Chief Executive Officer

Shares: 15,000

Price/Share: $6.41

Value: $96,150.00

Shares Owned: 127,000

Relationship: Director,Officer

Ownership: Direct

2026-06-05Purchase

Owner: Bolduc, John

Title: -

Shares: 7,140

Price/Share: $6.76

Value: $48,266.40

Shares Owned: 309,607

Relationship: Director

Ownership: Indirect

2026-06-02Purchase

Owner: Bolduc, John

Title: -

Shares: 7,140

Price/Share: $6.81

Value: $48,623.40

Shares Owned: 302,467

Relationship: Director

Ownership: Indirect

2026-05-29Purchase

Owner: Bolduc, John

Title: -

Shares: 7,140

Price/Share: $6.76

Value: $48,266.40

Shares Owned: 295,327

Relationship: Director

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-18	Bolduc, John	Director	-	Indirect	Purchase	15,380	6.49	$99,816.20	317,297	4
2026-06-15	Aronson, Stuart D	Director,Officer	Chief Executive Officer	Direct	Purchase	15,000	6.41	$96,150.00	127,000	4
2026-06-05	Bolduc, John	Director	-	Indirect	Purchase	7,140	6.76	$48,266.40	309,607	4
2026-06-02	Bolduc, John	Director	-	Indirect	Purchase	7,140	6.81	$48,623.40	302,467	4
2026-05-29	Bolduc, John	Director	-	Indirect	Purchase	7,140	6.76	$48,266.40	295,327	4
2026-05-29	Volpe, John Paul	Director	-	Direct	Purchase	1,000	6.74	$6,740.00	2,000	4
2026-05-22	Aronson, Stuart D	Director,Officer	Chief Executive Officer	Direct	Purchase	12,000	6.39	$76,680.00	112,000	4
2026-05-21	Thomas, Joyson	Officer	Chief Financial Officer	Direct	Purchase	3,000	6.62	$19,860.00	25,001	4
2026-03-23	Aronson, Stuart D	Director,Officer	Chief Executive Officer	Direct	Purchase	8,000	6.95	$55,600.00	80,000	4
2026-03-16	Bolduc, John	Director	-	Indirect	Purchase	8,390	7.12	$59,736.80	284,617	4
2026-03-13	Volpe, John Paul	Director	-	Direct	Purchase	1,000	7.18	$7,180.00	1,000	4
2026-03-06	Bolduc, John	Director	-	Indirect	Purchase	8,276	7.25	$60,001.00	272,032	4
2025-12-24	Bolduc, John	Director	-	Indirect	Purchase	8,974	6.99	$62,728.26	263,698	4
2025-12-24	Thomas, Joyson	Officer	Chief Financial Officer	Direct	Purchase	4,502	7.01	$31,559.02	22,001	4
2025-12-23	Volpe, John Paul	Director	-	Direct	Sale	1,000	6.82	$6,820.00	0	4
2025-12-23	Aronson, Stuart D	Director,Officer	Chief Executive Officer	Direct	Purchase	7,000	6.80	$47,600.00	67,000	4
2025-11-14	Bolduc, John	Director	-	Indirect	Purchase	14,200	6.88	$97,696.00	251,985	4
2025-11-12	Volpe, John Paul	Director	-	Direct	Purchase	1,000	6.95	$6,950.00	1,000	4
2025-11-12	Aronson, Stuart D	Director,Officer	Chief Executive Officer	Direct	Purchase	14,000	6.92	$96,880.00	50,000	4
2025-04-08	Bolduc, John	Director	-	Indirect	Purchase	22,360	8.90	$199,004.00	237,885	4
2024-08-13	Bolduc, John	Director	-	Indirect	Purchase	4,717	11.50	$54,245.50	226,705	4
2024-05-29	Tamer, Anthony	TenPercentOwner	-	Indirect	Sale	1,000,000	12.15	$12,150,000.00	3,976,258	4
2024-05-29	Mnaymneh, Sami	TenPercentOwner	-	Indirect	Sale	1,000,000	12.15	$12,150,000.00	3,976,258	4
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Institutional Ownership

No data available for chart

2026-03-31

14.81%

Inst. Shares: 3,283,075

Shares Outstanding: 22,168,930

2025-12-31

15.03%

Inst. Shares: 3,482,449

Shares Outstanding: 23,174,909

2025-09-30

13.48%

Inst. Shares: 3,132,207

Shares Outstanding: 23,243,088

2025-06-30

13.44%

Inst. Shares: 3,123,868

Shares Outstanding: 23,243,088

2025-03-31

14.12%

Inst. Shares: 3,281,913

Shares Outstanding: 23,243,088

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	3,283,075	22,168,930	14.81%
2025-12-31	3,482,449	23,174,909	15.03%
2025-09-30	3,132,207	23,243,088	13.48%
2025-06-30	3,123,868	23,243,088	13.44%
2025-03-31	3,281,913	23,243,088	14.12%
2024-12-31	3,361,875	23,243,088	14.46%
2024-09-30	3,112,372	23,243,088	13.39%
2024-06-30	3,459,340	23,243,088	14.88%
2024-03-31	2,877,999	23,243,088	12.38%
2023-12-31	2,875,765	23,243,088	12.37%
2023-09-30	2,754,261	23,243,088	11.85%
2023-06-30	2,702,743	23,243,088	11.63%
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WhiteHorse Finance, Inc. (WHF) — SEC Financial Statements & Analysis

WhiteHorse Finance, Inc. (WHF) is a not available company, incorporated in DE. WhiteHorse Finance, Inc. trades on Nasdaq as: WHF, WHFCL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), WhiteHorse Finance, Inc. reported a Price-to-Book (P/B) ratio of 0.57x (TTM), at a market cap of $144.53M. Figures below are sourced from SEC EDGAR, as-filed.

P/B TTM: 0.57x
Market Cap: $144.53M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is WhiteHorse Finance, Inc. in?

WhiteHorse Finance, Inc. (WHF) operates in the Not Available industry.

What is WHF's market cap?

WhiteHorse Finance, Inc. (WHF) has a market capitalization of $144.53M as of 2026-06-30.

What is WHF's P/E ratio?

WhiteHorse Finance, Inc. (WHF)'s trailing twelve month P/E ratio is 8.24x as of 2026-06-30.

What exchange does WHF trade on?

WhiteHorse Finance, Inc. (WHF) trades on the Nasdaq.

Where is WhiteHorse Finance, Inc. incorporated?

WhiteHorse Finance, Inc. is incorporated in DE.