WHF · Whitehorse Finance, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.22M | - | $1.15M | $1.29M | $953.0K | - | $1.00M | $1.22M | $1.05M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $5.00M | - | $5.78M | $6.14M | $6.18M | - | $6.93M | $7.14M | $7.33M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($687.0K) | - | ($556.0K) | $2.25M | $4.26M | - | ($6.86M) | $7.84M | $5.97M | - |
| EPS - Basic | ($0.03) | - | ($0.02) | $0.10 | $0.18 | - | ($0.30) | $0.34 | $0.26 | - |
| EPS - Diluted | ($0.03) | - | ($0.02) | $0.10 | $0.18 | - | ($0.30) | $0.34 | $0.26 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.79M | $7.03M | $9.54M | $10.53M | $11.44M | $12.42M | $11.16M | $12.85M | $10.72M | $10.75M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $606.04M | $615.13M | $626.00M | $670.91M | $678.77M | $676.82M | $683.58M | $703.18M | $735.05M | $730.75M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $324.14M | $323.83M | $323.53M | $363.18M | $361.13M | $353.12M | $352.80M | $358.90M | $390.33M | $386.45M |
| Total Liabilities | $355.70M | $355.34M | $360.76M | $396.16M | $397.32M | $390.69M | $386.71M | $390.50M | $421.26M | $413.98M |
| Stockholders' Equity | $250.34M | $259.79M | $265.25M | $274.75M | $281.45M | $286.13M | $296.88M | $312.68M | $313.79M | $316.77M |
| Retained Earnings | ($75.79M) | ($69.35M) | ($71.98M) | ($62.48M) | ($55.78M) | ($51.09M) | ($41.42M) | ($25.62M) | ($24.51M) | ($21.53M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.25M | - | - | - | ($7.00M) | - | - | - | $1.60M | - |
| Investing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | ($8.61M) | - | - | - | ($1.24M) | - | - | - | ($5.17M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.1% | - | -0.1% | 0.3% | 0.6% | - | -1.0% | 1.1% | 0.8% | - |
| Return on equity | -0.3% | - | -0.2% | 0.8% | 1.5% | - | -2.3% | 2.5% | 1.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.29 | 1.25 | 1.22 | 1.32 | 1.28 | 1.23 | 1.19 | 1.15 | 1.24 | 1.22 |
| Debt / Assets | 0.53 | 0.53 | 0.52 | 0.54 | 0.53 | 0.52 | 0.52 | 0.51 | 0.53 | 0.53 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.42 | 2.37 | 2.36 | 2.44 | 2.41 | 2.37 | 2.30 | 2.25 | 2.34 | 2.31 |
| Liabilities / Assets | 0.59 | 0.58 | 0.58 | 0.59 | 0.59 | 0.58 | 0.57 | 0.56 | 0.57 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 87.2x | 53.6x | - | - | 36.1x | 47.7x | - |
| P / B | 0.7x | - | 0.6x | 0.7x | 0.8x | - | 0.9x | 0.9x | 0.9x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | 91.9% | -71.3% | -28.6% | - | - | 6.7% | -20.5% | - |
| EPS growth (YoY) | - | - | 93.3% | -70.6% | -30.8% | - | - | 6.3% | -18.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -11.1% | -9.2% | -10.7% | -12.1% | -10.3% | -9.7% | -7.9% | -3.9% | -4.9% | -4.7% |
Dividends
$1.57/share trailing 12 months · -12.3% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.2500 |
| Mar 12, 2026 | $0.2600 |
| Dec 22, 2025 | $0.2500 |
| Oct 31, 2025 | $0.0350 |
| Sep 19, 2025 | $0.3850 |
| Jun 18, 2025 | $0.3850 |
| Mar 21, 2025 | $0.3850 |
| Dec 20, 2024 | $0.3850 |
| Oct 31, 2024 | $0.2450 |
| Sep 18, 2024 | $0.3850 |
| Jun 18, 2024 | $0.3850 |
| Mar 21, 2024 | $0.3850 |
| Dec 19, 2023 | $0.3850 |
| Sep 18, 2023 | $0.3700 |
| Jun 20, 2023 | $0.3700 |
| Mar 23, 2023 | $0.4250 |
| Dec 20, 2022 | $0.3550 |
| Oct 28, 2022 | $0.0500 |
| Sep 19, 2022 | $0.3550 |
| Jun 16, 2022 | $0.3550 |
| Mar 24, 2022 | $0.3550 |
| Dec 17, 2021 | $0.3550 |
| Oct 28, 2021 | $0.1350 |
| Sep 17, 2021 | $0.3550 |