Horizon Kinetics restates 2023-2024 financials to consolidate proprietary funds; no change to net loss or equity

Horizon Kinetics Holding Corp

Audit committee on Feb 7, 2025 determined prior financials (FY2023, FY2022, interim 2024) should no longer be relied upon.
Restatement required to consolidate certain proprietary funds under VIE model; net loss attributable remains $4.492M for FY2023.
Total assets restated from $231.9M to $1.12B due to consolidation of fund assets ($903.7M investments).
Redeemable noncontrolling interests of $878.3M added; no impact on shareholders' equity or cash.
Company expects to file restated 10-K for FY2024 by March 31, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.