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WhiteHorse Finance, Inc. (WHF) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Financial Services · Asset Management · DATA UPDATED 2026-07-25

WhiteHorse Finance, Inc. (WHF) operates in the Asset Management industry and is headquartered in Miami, United States. Its market capitalization is roughly $141 million. In the fiscal year ended 2025-12-31, WHF reported $20M in revenue and $14M in net income.

WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries.

Interactive charts & full statements → Open the WHF valuation workbench →

WHF Revenue & Earnings History — Annual Income Statement

Income statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Total Revenue	$20M	$17M	$26M	$21M	—
Net Income	$14M	$11M	$20M	$16M	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WHF Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Total Revenue	$1M	$10M	$1M	$4M	$6M
Net Income	($1M)	$8M	($1M)	$2M	$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WHF Free Cash Flow History

Cash flow	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Dividends Paid	($37M)	($42M)	($35M)	($33M)	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WHF Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Dividends Paid	($6M)	($10M)	($9M)	($9M)	($9M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WHF Balance Sheet History

Balance sheet	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total Assets	$615M	$677M	$731M	$796M
Total Liabilities	$355M	$391M	$414M	$464M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WHF viewer.

Other Companies in Asset Management

PIM · Franklin Master Intermediate Income Trust — $152 million
MSD · Morgan Stanley Emerging Markets Debt Fund, Inc. — $148 million
MPA · BlackRock MuniYield Pennsylvania Quality Fund — $145 million
SPE · Special Opportunities Fund, Inc. — $142 million
OXSQ · Oxford Square Capital Corp. — $138 million
CEE · The Central and Eastern Europe Fund, Inc. — $138 million
GNT · GAMCO Natural Resources, Gold & Income Trust — $138 million
HYI · Western Asset High Yield Opportunity Fund Inc. — $136 million

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