{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-104064","form_type":"8-K","ticker":"HKHC","cik":"0000088000","company_name":"Horizon Kinetics Holding Corp","filed_at":"2026-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.894499+00:00","generated_at":"2026-05-15T14:34:10.582420+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Horizon Kinetics reports FY2025 revenue up 31% to $72.8M; net income $5.1M vs $92.5M in FY2024","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-104064","json":"https://secwatch.observer/filing/0001193125-26-104064.json","markdown":"https://secwatch.observer/filing/0001193125-26-104064.md","text":"https://secwatch.observer/filing/0001193125-26-104064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88000/000119312526104064/0001193125-26-104064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88000/000119312526104064/hkhc-20260312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T14:34:10.582420+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}