secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Kinetics Holding Corp (HKHC)
CIK:        0000088000
Form:       8-K
Filed at:   2026-05-15T13:00:17+00:00
Accession:  0001193125-26-225476
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88000/000119312526225476/0001193125-26-225476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88000/000119312526225476/hkhc-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-225476

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