secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Kinetics Holding Corp (HKHC)
CIK:        0000088000
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0000950170-25-071607
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88000/000095017025071607/0000950170-25-071607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88000/000095017025071607/hkhc-20250514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-071607

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