---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-107269"
form_type: "8-K"
ticker: "HKHC"
cik: "0000088000"
company_name: "Horizon Kinetics Holding Corp"
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T15:02:34.869476+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-107269
- form_type: 8-K
- ticker: HKHC
- cik: 0000088000
- company_name: Horizon Kinetics Holding Corp
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/88000/000095017025107269/0000950170-25-107269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88000/000095017025107269/hkhc-20250812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-107269
- JSON: https://secwatch.observer/filing/0000950170-25-107269.json
- Plain text: https://secwatch.observer/filing/0000950170-25-107269.txt

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