Horizon Kinetics posts Q2 net loss of $10.5M; revenue up 66% to $18.8M

Horizon Kinetics Holding Corp

2025-Q2 EPS reported $0.66 revenue$39,560,000

Management and advisory fee revenue of $18.8M, up 66% YoY, driven by higher AUM.
Net loss attributable to HKHC of $10.5M ($0.56 loss per share) vs. $14.0M profit in Q2 2024.
Operating income of $2.5M improved from a $0.6M loss; $0.9M goodwill impairment recorded.
AUM reached $10.5B at June 30, 2025, up 43% from a year ago.
Board declared $0.071/share cash dividend, payable September 15, 2025, to holders of record August 21.

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