earnings
confidence high
sentiment positive
materiality 0.75
Horizon Kinetics reports Q1 net income $72.5M, EPS $3.89; AUM rises 19% to $11.4B
Horizon Kinetics Holding Corp
2026-Q1 EPS reported
$3.89
revenue$18,293,000
- Net income attributable to HKHC $72.5M ($3.89 per share) vs $22.8M ($1.23) in Q1 2025.
- Management & advisory fees $18.2M, down 3.7% YoY; incentive fees of $18.1M from MIAX restrictions expiring.
- AUM $11.4B, up 19% from Dec 2025, driven by TPL (+65%) partially offset by GBTC (-23%) and outflows.
- Board declared $0.127 per share dividend, payable June 17, 2026 to holders of record May 27, 2026.
- GAAP operating loss $4.3M; advisor-only operating income $17.1M.
item 2.02item 9.01