Whitehorse Finance, Inc. (WHFCL) — SEC Filings
Whitehorse Finance, Inc. (WHFCL) — 36 SEC filings. Latest: 10-Q (Nov 10, 2025). Includes 22 8-K, 6 10-Q, 2 DEF 14A.
View Whitehorse Finance, Inc. on SEC EDGAR
Overview
Whitehorse Finance, Inc. (WHFCL) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 10, 2025: WhiteHorse Finance, Inc. (WHFCL) reported a significant decrease in total investments, at fair value, from $642.213 million as of December 31, 2024, to $568.434 million as of September 30, 2025, representing an 11.49% decline. Total investment income also saw a substantial drop, falling from $71.808
Sentiment Summary
Across 36 filings, the sentiment breakdown is: 3 bearish, 33 neutral. The dominant filing sentiment for Whitehorse Finance, Inc. is neutral.
Filing Type Overview
Whitehorse Finance, Inc. (WHFCL) has filed 6 10-Q, 22 8-K, 1 8-K/A, 1 DEFA14A, 2 DEF 14A, 1 10-K/A, 2 10-K, 1 SC 13D/A with the SEC between Jan 2024 to Nov 2025.
Filings by Year
Recent SEC Filings (36)
Risk Profile
Risk Assessment: Of WHFCL's 33 recent filings, 1 were flagged as high-risk, 17 as medium-risk, and 15 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $55.330M |
| Net Income | N/A |
| EPS | $0.26 |
| Debt-to-Equity | N/A |
| Cash Position | $9.539M |
| Operating Margin | N/A |
| Total Assets | $626.005M |
| Total Debt | $323.526M |
Key Executives
- Stuart Aronson
- Sami Mnaymneh
- David R. Miller
Industry Context
WhiteHorse Finance, Inc. operates as a business development company (BDC) in the specialty finance sector, primarily providing debt financing to middle-market companies. The BDC industry is sensitive to interest rate environments and credit market conditions. Recent performance indicates challenges in generating investment income and managing credit risk, potentially reflecting a tightening credit market or specific portfolio issues impacting the sector.
Top Tags
financing (8) · debt-issuance (5) · corporate-governance (5) · SEC Filing (5) · BDC (4) · 10-Q (4) · material-definitive-agreement (3) · business-development-company (3) · financials (3) · debt (3)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Total investments, at fair value | $568.434M | Decreased from $642.213 million at December 31, 2024 |
| Total investment income | $55.330M | For nine months ended September 30, 2025, down from $71.808 million in 2024 |
| Net investment income after excise tax | $19.506M | For nine months ended September 30, 2025, down from $29.261 million in 2024 |
| Net realized losses on investments | ($24.217M) | For nine months ended September 30, 2025, compared to ($5.688 million) in 2024 |
| Total net assets | $265.245M | Decreased from $286.134 million at December 31, 2024 |
| Basic and diluted earnings per common share | $0.26 | For nine months ended September 30, 2025, down from $0.30 in 2024 |
| Dividends and distributions declared per common share | $1.16 | Consistent for nine months ended September 30, 2025 and 2024 |
| Debt (net) | $323.526M | As of September 30, 2025, decreased from $353.117 million at December 31, 2024 |
| Shares of common stock outstanding | 23,243,088 | Consistent as of November 6, 2025 |
| Net asset value per share | $11.41 | As of September 30, 2025, down from $12.31 at December 31, 2024 |
| Interest Rate | 7.875% | On the newly issued notes due 2028 |
| Net increase in net assets from operations | $10.1M | Decreased from $12.5M in Q2 2024, indicating reduced profitability. |
| Net investment income | $10.9M | Lower than $12.7M in Q2 2024, impacting distributable income. |
| Net realized and unrealized losses on investments | $0.8M | A shift from $0.2M gains in Q2 2024, signaling portfolio valuation challenges. |
| SEC File Number | 814-00967 | Identifies the company's filing history with the SEC. |
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Frequently Asked Questions
What are the latest SEC filings for Whitehorse Finance, Inc. (WHFCL)?
Whitehorse Finance, Inc. has 36 recent SEC filings from Jan 2024 to Nov 2025, including 22 8-K, 6 10-Q, 2 DEF 14A. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of WHFCL filings?
Across 36 filings, the sentiment breakdown is: 3 bearish, 33 neutral. The dominant sentiment is neutral.
Where can I find Whitehorse Finance, Inc. SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Whitehorse Finance, Inc. (WHFCL) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Whitehorse Finance, Inc.?
Key financial highlights from Whitehorse Finance, Inc.'s most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for WHFCL?
The investment thesis for WHFCL includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Whitehorse Finance, Inc.?
Key executives identified across Whitehorse Finance, Inc.'s filings include Stuart Aronson, Sami Mnaymneh, David R. Miller.
What are the main risk factors for Whitehorse Finance, Inc. stock?
Of WHFCL's 33 assessed filings, 1 were flagged high-risk, 17 medium-risk, and 15 low-risk.
What are recent predictions and forward guidance from Whitehorse Finance, Inc.?
Forward guidance and predictions for Whitehorse Finance, Inc. are extracted from SEC filings as they are enriched.