---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-225476"
form_type: "8-K"
ticker: "HKHC"
cik: "0000088000"
company_name: "Horizon Kinetics Holding Corp"
filed_at: "2026-05-15T13:00:17+00:00"
generated_at: "2026-05-15T13:02:47.484381+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Horizon Kinetics reports Q1 net income $72.5M, EPS $3.89; AUM rises 19% to $11.4B

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-225476
- form_type: 8-K
- ticker: HKHC
- cik: 0000088000
- company_name: Horizon Kinetics Holding Corp
- filed_at: 2026-05-15T13:00:17+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88000/000119312526225476/0001193125-26-225476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88000/000119312526225476/hkhc-20260515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-225476
- JSON: https://secwatch.observer/filing/0001193125-26-225476.json
- Plain text: https://secwatch.observer/filing/0001193125-26-225476.txt

## Key facts
- Earnings Releases
  Horizon Kinetics Holding Corp reported three months ended March 31, 2026 results: revenue $18,293, net income $72,532, EPS $3.89.
  - Period: three months ended March 31, 2026
  - Revenue: $18,293
  - Net income: $72,532
  - EPS: $3.89
  - Result: reported results
  source text: Webinar. HORIZON KINETICS HOLDING CORPORATION Consolidated Statements of Operations (in thousands) Three Months Ended March 31, 2026 2025 Revenue: Management and advisory fees $ 18,204 $ 18,908 Other income and fees 89 115 Total revenue 18,293 19,023 Operating expenses: Compensation and related employee benefits 14,199 9,109 Sales, distribution and marketing
  evidence_url: https://www.sec.gov/Archives/edgar/data/88000/000119312526225476/0001193125-26-225476-index.htm

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