HKHC
Horizon Kinetics Holding Corporation25.51
-0.49-1.88%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
475.39MP/E (TTM)
-Basic EPS (TTM)
-7.48Dividend Yield
0.01%Recent Filings
8-K
10-Q
8-K
Q2 revenue up 66%, AUM grows
Horizon Kinetics Holding Corporation reported Q2 2025 results, with management and advisory fee revenue surging 66% to $18.8 million, fueled by 43% AUM growth to $10.5 billion from TPL and Grayscale Bitcoin Trust gains plus net inflows. Operating income flipped to $2.5 million from a $0.7 million loss, yet net loss hit $10.5 million due to $15.5 million investment losses, mainly a 20% TPL drop. Board declared $0.071 per share dividend. Volatility in holdings stings.
10-Q
Q2 FY2025 results
Horizon Kinetics Holding Corporation posted solid revenue growth in Q2 FY2025 ended June 30, 2025, with management and advisory fees up 66% y/y to $18.8M from $11.3M, fueled by higher AUM across mutual funds, ETFs, and separately managed accounts, while total revenue climbed 73% y/y to $19.8M. Operating income swung to a $2.5M profit from a $0.7M loss y/y, though net loss hit $10.5M after $29.9M in other expenses, mainly from unrealized investment losses and CIP volatility—yet the company eked out $12.4M YTD net income attributable to shareholders. Cash swelled to $38.9M, bolstered by $23.8M investing inflows, with no debt and ample liquidity for operations. A $0.9M goodwill impairment dinged the consumer products unit, acquired in 2024. The asset management business is intensely competitive.
8-K
Annual meeting elects directors
Horizon Kinetics Holding Corporation's stockholders at the June 17, 2025, annual meeting elected seven directors, including Murray Stahl and Steven Bregman, with strong support—over 12 million votes for most, though some faced over a million withheld. They ratified CBIZ CPAs P.C. as auditors for 2025, with 13.7 million for and just 464,000 against. The say-on-pay vote passed handily at 12.7 million for, and investors opted yearly for future advisory votes, aligning with the board's stance. Continuity reigns.
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