---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-071607"
form_type: "8-K"
ticker: "HKHC"
cik: "0000088000"
company_name: "Horizon Kinetics Holding Corp"
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T11:55:03.708267+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Horizon Kinetics Q1 revenue up 58% to $18.9M; net income attributable $22.8M, down from $40.8M

## Summary
- Management and advisory fee revenue $18.9M, up 58% YoY; net income attributable to HKHC $22.8M ($1.23 EPS), down from $40.8M in Q1 2024.
- AUM grew to $10.8B, up 54% from Q1 2024 and 10% from Q4 2024, driven by TPL appreciation and net inflows.
- Board declared $0.056 per share dividend, payable June 16, 2025 to holders of record May 26, 2025.
- Collected $51.7M of incentive fees recorded in Q4 2024; used $11M to increase investment in Horizon Kinetics Hard Assets.
- Operating income improved to $1.3M from a $71K loss in prior year; total operating expenses rose to $18.5M.

## SEC filing metadata
- accession: 0000950170-25-071607
- form_type: 8-K
- ticker: HKHC
- cik: 0000088000
- company_name: Horizon Kinetics Holding Corp
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88000/000095017025071607/0000950170-25-071607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88000/000095017025071607/hkhc-20250514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-071607
- JSON: https://secwatch.observer/filing/0000950170-25-071607.json
- Plain text: https://secwatch.observer/filing/0000950170-25-071607.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.