0001104659-26-056683
SEC filingWhiteHorse Finance reported a net loss of $0.7M in Q1 2026, swinging from a $4.3M profit a year ago, driven by realized and unrealized investment losses that overwhelmed net investment income.
WhiteHorse Finance reported a net loss of $0.7 million for Q1 2026, compared to net income of $4.3 million in Q1 2025. The swing was driven by realized and unrealized losses on investments, which more than offset net investment income. Diluted EPS fell to ($0.03) from $0.18.
The portfolio contracted as the company experienced net realized and unrealized losses. Non-accrual loans increased, reflecting credit challenges. Management believes the carrying value of investments is fairly stated, considering collateral values and payment histories.
Net cash provided by operating activities surged to $28.2 million from ($7.0 million), driven by proceeds from investment sales and paydowns. This strong cash generation supported liquidity and operations.