Horizon Kinetics reports FY2025 revenue up 31% to $72.8M; net income $5.1M vs $92.5M in FY2024

Horizon Kinetics Holding Corp

Revenue $72.8M (+31% YoY); net income attributable $5.1M vs $92.5M in 2024.
Advisor-only operating income $21.4M for FY2025; AUM $9.6B at year-end.
Board declared $0.121/share cash dividend payable March 31, 2026 to holders of record March 23, 2026.
Incentive fees of $51.7M in 2024 did not recur in 2025; unearned $22.6M related to MIAX holdings.
Unrealized losses on investments $15.6M in 2025 vs gains $41.3M in 2024, driven by 22% TPL decline.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Horizon Kinetics Holding Corp reported the year ended December 31, 2025 results: revenue $72.8 million, net income $5.1 million, EPS $0.27.

Period: the year ended December 31, 2025
Revenue: $72.8 million
Net income: $5.1 million
EPS: $0.27
Result: reported results

Exact text from the filing

Revenues of $72.8 million for the year ended December 31, 2025, an increase $17.0 million, or 31.0%

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Source: SEC EDGAR

accession 0001193125-26-104064

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