WhiteHorse Finance, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 9, 2026, reporting third-quarter and year-to-date financial results for the business development company.

Key Highlights

  • Net asset value per share rose to $11.82 as of September 30, 2026, compared with $11.68 as of December 31, 2025, according to the filing.
  • Total investment income for Q3 2026 was $14,829 thousand, down from $17,691 thousand in Q3 2025, as reported in the consolidated statements of operations.
  • Net investment income after excise tax was $4,439 thousand for the three months ended September 30, 2026, compared with $6,101 thousand for the same period in 2025.
  • Net increase in net assets from operations was $6,511 thousand for Q3 2026, versus a net decrease of $556 thousand in Q3 2025.
  • Basic and diluted earnings per common share were $0.30 for the three months ended September 30, 2026, against a loss of $0.02 per share in Q3 2025.
  • Total investments at fair value stood at $569,073 thousand as of September 30, 2026, against an amortized cost of $588,389 thousand.
  • Shares outstanding were 21,476,471 as of November 5, 2026, down from 22,234,045 as of December 31, 2025.

WhiteHorse Finance Third Quarter 2026 Financial Results

WhiteHorse Finance, Inc. (NASDAQ:WHF), a Delaware-incorporated business development company headquartered at 1450 Brickell Avenue, 31st Floor, Miami, Florida 33131, disclosed its unaudited consolidated financial results for the quarter and nine months ended September 30, 2026. According to the filing, total assets were $607,008 thousand as of September 30, 2026, compared with $615,129 thousand as of December 31, 2025. Total net assets were $253,954 thousand at quarter end, down from $259,792 thousand at year-end 2025.

The filing reported that total investment income for the nine months ended September 30, 2026 was $45,060 thousand, compared with $55,330 thousand for the same period in 2025. Total expenses for the nine-month period were $30,045 thousand after performance-based incentive fees waived of $328 thousand, versus total expenses of $35,347 thousand in the prior-year period. Net investment income after excise tax for the nine months ended September 30, 2026 was $14,723 thousand, compared with $19,506 thousand for the nine months ended September 30, 2025. The company also disclosed dividends and distributions declared per common share of $0.25 for Q3 2026, compared with $0.39 in Q3 2025, and $0.76 for the nine months ended September 30, 2026, compared with $1.16 for the same prior-year period.

On the balance sheet, the filing disclosed debt (net of unamortized debt issuance costs of $3,744 thousand) of $324,756 thousand as of September 30, 2026. Net realized losses for the nine months ended September 30, 2026 were $8,409 thousand, while net change in unrealized appreciation was $9,919 thousand for the same period. The filing also noted that the company's 7.875% Notes due 2028 trade on the Nasdaq Global Select Market under the symbol WHFCL.

What Was Disclosed

WhiteHorse Finance filed a quarterly report covering the period ended September 30, 2026, disclosing consolidated financial statements including balance sheet data, income and expense figures, per-share results, and investment portfolio details as of that date.