Horizon Kinetics Holding Corporation Reports Fourth Quarter and Annual Results
Rhea-AI Summary
Horizon Kinetics Holding Corporation (OTCQX:HKHC) reported 2025 results with revenues of $72.8 million, up $17.0 million (31%) year-over-year, and AUM of $9.6 billion at December 31, 2025. The board declared a $0.121 per share dividend payable March 31, 2026.
Advisor-only operating income was $21.4 million for 2025; net income attributable to HKHC was $5.1 million. The company recorded $15.6 million unrealized investment losses in 2025 versus $41.3 million gains in 2024.
Positive
- Revenue +31.0% year-over-year to $72.8 million
- Advisor-only operating income of $21.4 million in 2025
- Declared cash dividend of $0.121 per share payable March 31, 2026
- Assets under management of $9.6 billion at December 31, 2025
Negative
- Net income attributable to HKHC only $5.1 million for 2025
- Unrealized investment losses of $15.6 million in 2025
- Incentive fees did not recur after $51.7 million earned in 2024
News Market Reaction – HKHC
In the Mar 13 session, HKHC gained 0.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Annual and Fourth Quarter 2025 Highlights:
Revenues of
$72.8 million for the year ended December 31, 2025, an increase$17.0 million , or31.0% Operating income of the Advisor-only segment (without consolidation of investment products) was
$21.4 million for the year ended December 31, 2025Net income attributable to Horizon Kinetics Holding Corporation of
$5.1 million for the year ended December 31, 2025Assets under management ("AUM") were
$9.6 billion as of December 31, 2025Board of Directors declares a
$0.121 per share dividend
NEW YORK, NY / ACCESS Newswire / March 12, 2026 / Horizon Kinetics Holding Corporation (the "Company" or "HKHC") (OTCQX:HKHC) reported financial results for its fourth quarter and year ended December 31, 2025.
The Company grew revenues
The Company's operating expenses were lower in the fourth quarter and full year of 2025. These decreases were principally related to the absence of commissions and other associated costs related to the 2024 incentive fees. During 2024, the Company benefited from incentive fees of
The Company experienced unrealized losses on investments of
On March 11, 2026, the Company's Board of Directors declared a cash dividend of
Conference Call
Murray Stahl, Chairman and Chief Executive Officer, and Mark Herndon, Chief Financial Officer, will host a conference call on March 17, 2026, at 4:15 p.m. EDT. You may register for the conference call by clicking on the following link:
https://attendee.gotowebinar.com/register/6790428136448375131
Thu, Mar 17, 2026 4:15 PM ET
Phone Access: +1 (415) 655-0052 Access Code: 230-724-379
Only online participants can submit questions during the webinar.
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Operations
(in thousands)
Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(Unaudited) | ||||||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 16,923 | $ | 18,209 | $ | 72,388 | $ | 55,486 | ||||||||
Other income and fees | 113 | 34 | 458 | 322 | ||||||||||||
Total revenue | 17,036 | 18,243 | 72,846 | 55,808 | ||||||||||||
Operating expenses: | ||||||||||||||||
Compensation and related employee benefits | 7,310 | 17,647 | 32,028 | 37,550 | ||||||||||||
Sales, distribution and marketing | 3,655 | 11,212 | 15,703 | 19,093 | ||||||||||||
Depreciation and amortization | 199 | 442 | 1,116 | 1,816 | ||||||||||||
General and administrative expenses | 2,446 | 2,693 | 10,174 | 10,090 | ||||||||||||
Expenses of consolidated investment products | 664 | 668 | 2,742 | 2,319 | ||||||||||||
Total operating expenses | 14,274 | 32,662 | 61,763 | 70,868 | ||||||||||||
Operating income (loss) | 2,762 | (14,419 | ) | 11,083 | (15,060 | ) | ||||||||||
Other income (expense): | ||||||||||||||||
Equity earnings (losses), net | (1,323 | ) | 2,354 | (4,866 | ) | 6,037 | ||||||||||
Interest and dividends | 900 | 453 | 2,375 | 1,714 | ||||||||||||
Other income (expense) | (655 | ) | (128 | ) | (1,185 | ) | (2,985 | ) | ||||||||
Investment and other income (losses) of consolidated investment products, net | (201,901 | ) | 398,266 | (17,768 | ) | 840,735 | ||||||||||
Interest and dividend income of consolidated investment products | 1,976 | 2,883 | 8,394 | 20,377 | ||||||||||||
Unrealized (losses) gains on digital assets, net | (3,704 | ) | 4,192 | (796 | ) | 6,984 | ||||||||||
Realized gain on investments, net | 169 | 90 | 2,398 | 432 | ||||||||||||
Unrealized gain (losses) on investments net | (6,820 | ) | 16,387 | (15,554 | ) | 41,329 | ||||||||||
Total other income (expense), net | (211,358 | ) | 424,497 | (27,002 | ) | 914,623 | ||||||||||
Income (loss) from continuing operations before income taxes | (208,596 | ) | 410,078 | (15,919 | ) | 899,563 | ||||||||||
Income tax (expense) benefit | 19,379 | (33,607 | ) | 23,219 | (104,381 | ) | ||||||||||
Income (loss) from continuing operations, net of tax | (189,217 | ) | 376,471 | 7,300 | 795,182 | |||||||||||
Income (loss) from discontinued operations, net of tax | - | (224 | ) | (1,300 | ) | (371 | ) | |||||||||
Net income | $ | (189,217 | ) | $ | 376,247 | $ | 6,000 | $ | 794,811 | |||||||
Less: net income attributable to redeemable noncontrolling interests | 174,748 | (300,487 | ) | (882 | ) | (702,339 | ) | |||||||||
Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | (14,469 | ) | $ | 75,760 | $ | 5,118 | $ | 92,472 | |||||||
Basic and diluted net income (loss) per common shares: | ||||||||||||||||
Net income (loss) from continuing operations | $ | (10.15 | ) | $ | 20.20 | $ | 0.39 | $ | 43.56 | |||||||
Net income (loss) from discontinued operations | $ | - | $ | (0.01 | ) | $ | (0.07 | ) | $ | (0.02 | ) | |||||
Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | (0.78 | ) | $ | 4.07 | $ | 0.27 | $ | 5.07 | |||||||
Weighted average shares outstanding: | ||||||||||||||||
Basic and diluted | 18,635 | 18,634 | 18,635 | 18,256 | ||||||||||||
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Financial Condition
(in thousands)
December 31, | December 31, | |||||||
2025 | 2024 | |||||||
Assets | ||||||||
Cash and cash equivalents | $ | 36,884 | $ | 14,446 | ||||
Fees receivable | 6,575 | 8,344 | ||||||
Investments, at fair value | 76,535 | 91,435 | ||||||
Assets of consolidated investment products | ||||||||
Cash and cash equivalents | 45,493 | 44,306 | ||||||
Investments, at fair value | 1,708,395 | 1,746,850 | ||||||
Other assets | 9,517 | 19,247 | ||||||
Other investments | 21,032 | 13,443 | ||||||
Operating lease right-of-use assets | 6,382 | 5,105 | ||||||
Property and equipment, net | 395 | 99 | ||||||
Prepaid expenses and other assets | 8,603 | 1,728 | ||||||
Due from affiliates | 10 | 27 | ||||||
Digital assets | 12,509 | 13,240 | ||||||
Assets of discontinued operations | - | 4,364 | ||||||
Intangible assets, net | 41,108 | 42,169 | ||||||
Goodwill | 23,373 | 23,373 | ||||||
Total assets | $ | 1,996,811 | $ | 2,028,176 | ||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||
Liabilities: | ||||||||
Accounts payable, accrued expenses and other | $ | 12,149 | $ | 21,547 | ||||
Accrued third party distribution expenses | 578 | 6,522 | ||||||
Deferred revenue | 66 | 222 | ||||||
Liabilities of consolidated investment products | ||||||||
Accounts payable and accrued expenses | 1,596 | 1,486 | ||||||
Other liabilities | 735 | 2,793 | ||||||
Deferred tax liability, net | 66,345 | 95,683 | ||||||
Due to affiliates | 7,689 | 11,597 | ||||||
Liabilities of discontinued operations | - | 464 | ||||||
Operating lease liability | 8,248 | 7,379 | ||||||
Total liabilities | 97,406 | 147,693 | ||||||
Commitments and contingencies | ||||||||
Redeemable noncontrolling interests | 1,560,452 | 1,540,312 | ||||||
Shareholders' equity | ||||||||
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | ||||||
Common stock; | 1,864 | 1,864 | ||||||
Additional paid-in capital | 39,243 | 39,243 | ||||||
Retained earnings | 297,846 | 299,064 | ||||||
Total shareholders' equity | 338,953 | 340,171 | ||||||
Total liabilities, noncontrolling interests, and shareholders' equity | $ | 1,996,811 | $ | 2,028,176 | ||||
Additional information about our performance
The Company consolidates certain private funds in order for the consolidated financial statements to conform with generally accepted accounting principles. As a result, the assets and liabilities of the applicable consolidated investment products are presented on the Company's consolidated statements of financial condition. Additionally, an amount that represents the Company's clients' interests in these consolidated proprietary funds will be presented as redeemable noncontrolling interests on the Company's consolidated statements of financial condition. The investment income (losses), other income (losses) and the expenses of the consolidated investment products will be presented within the Company's consolidated statements of operations. Additionally, an amount that represents the net income attributable to redeemable noncontrolling interests as well as the net income (loss) attributable to Horizon Kinetics Holding Corporation is presented on the Company's consolidated statement of operations.
Consolidated Investment Products ("CIPs") consist of certain private investment funds which are sponsored by the Company. The Company has no right to the CIPs' assets, other than its direct equity investments in them and investment management and other fees earned from them. The liabilities of the CIPs have no recourse to the Company's assets beyond the level of its direct investment, therefore the Company bears no other risks associated with the CIPs' liabilities.
As indicated in the additional information presented in the tables below, there are several notable presentational differences as a result of the consolidation of the CIPs:
Management and advisory fees, including incentive fees, from CIPs are eliminated from consolidated revenues. Accordingly, our presentation without the CIPs reflects a decline in revenue due to 2024's incentive fee of
$51.7 million from our private funds that did not recur in 2025.
The equity in earnings (losses) of private funds primarily results from CIPs that are eliminated from the consolidated presentation as that activity is included within the investment results of the CIPs. Accordingly, our presentation without the CIPs reflects an increased level of equity earnings or losses that present changes in the value of our holdings within the CIPs. During 2025, this activity resulted in losses of equity earnings as a result of unrealized losses across multiple private funds due to changes in the fair value of their underlying assets, which included declines of TPL and GBTC.
Stockholders' equity and net income attributable to Horizon Kinetics Holding Corporation are not impacted by the consolidation process.
The Statement of Financial Condition without the consolidation of private funds presents lower total assets as a result of excluding the total assets held by the CIPs as well as the associated redeemable noncontrolling interests, which represents our clients' interests in these funds. A portion of the total assets held by private funds continues to relate to economic interests held by Horizon Kinetics Holding Corporation, which is reflected in Other Investments in the presentation below. This activity resulted in an equity income/(loss) of (
$25.4) million during 2025 as a result of the performance of the CIPs.
HORIZON KINETICS HOLDING CORPORATION
Statements of Operations (Unaudited)
(in thousands)
(Advisor only: without consolidation of investment products) | ||||||||||||||||
Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 18,721 | $ | 69,746 | $ | 79,961 | $ | 111,481 | ||||||||
Other income and fees | 113 | 34 | 458 | 322 | ||||||||||||
Total revenue | 18,834 | 69,780 | 80,419 | 111,803 | ||||||||||||
Operating expenses: | ||||||||||||||||
Compensation and related employee benefits | 7,310 | 17,647 | 32,028 | 37,550 | ||||||||||||
Sales, distribution and marketing | 3,654 | 11,212 | 15,703 | 19,093 | ||||||||||||
Depreciation and amortization | 199 | 442 | 1,116 | 1,816 | ||||||||||||
General and administrative expenses | 2,381 | 2,733 | 10,174 | 10,197 | ||||||||||||
Expenses of consolidated investment products | - | - | - | - | ||||||||||||
Total operating expenses | 13,544 | 32,034 | 59,021 | 68,656 | ||||||||||||
Operating income (loss) | 5,290 | 37,746 | 21,398 | 43,147 | ||||||||||||
Other income (expense): | ||||||||||||||||
Equity income (loss), net | (29,026 | ) | 50,851 | (25,437 | ) | 106,603 | ||||||||||
Interest and dividends | 900 | 453 | 2,375 | 1,714 | ||||||||||||
Other income (expense) | (654 | ) | (128 | ) | (1,185 | ) | (2,985 | ) | ||||||||
Investment and other income (losses) of consolidated investment products, net | - | - | - | - | ||||||||||||
Interest and dividend income of consolidated investment products | - | - | - | - | ||||||||||||
Unrealized (loss) gain on digital assets, net | (3,704 | ) | 4,192 | (796 | ) | 6,984 | ||||||||||
Realized gain on investments, net | 168 | 90 | 2,398 | 432 | ||||||||||||
Unrealized gain (loss) on investments net | (6,821 | ) | 16,387 | (15,554 | ) | 41,329 | ||||||||||
Total other income (expense), net | (39,137 | ) | 71,845 | (38,199 | ) | 154,077 | ||||||||||
Income (loss) from continuing operations before provision for income taxes | (33,847 | ) | 109,591 | (16,801 | ) | 197,224 | ||||||||||
Income tax (expense) benefit | 19,378 | (33,607 | ) | 23,219 | (104,381 | ) | ||||||||||
Income (loss) from continuing operations, net of tax | (14,469 | ) | 75,984 | 6,418 | 92,843 | |||||||||||
Income (loss) from discontinued operations, net of tax | - | (224 | ) | (1,300 | ) | (371 | ) | |||||||||
Net income (loss) | $ | (14,469 | ) | $ | 75,760 | $ | 5,118 | $ | 92,472 | |||||||
Less: net income attributable to redeemable noncontrolling interests | - | - | - | - | ||||||||||||
Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | (14,469 | ) | $ | 75,760 | $ | 5,118 | $ | 92,472 | |||||||
Basic and diluted net income (loss) per common share: | ||||||||||||||||
Net income (loss) | $ | (0.78 | ) | $ | 4.07 | $ | 0.27 | $ | 5.07 | |||||||
Weighted average shares outstanding: | ||||||||||||||||
Basic and diluted | 18,635 | 18,634 | 18,635 | 18,256 | ||||||||||||
Year Ended December 31, 2025 | ||||||||||||||||
Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 79,961 | $ | - | $ | (7,573 | ) | $ | 72,388 | |||||||
Other income and fees | 458 | - | - | 458 | ||||||||||||
Total revenue | 80,419 | - | (7,573 | ) | 72,846 | |||||||||||
Operating expenses: | ||||||||||||||||
Compensation and related employee benefits | 32,028 | - | - | 32,028 | ||||||||||||
Sales, distribution and marketing | 15,703 | - | - | 15,703 | ||||||||||||
Depreciation and amortization | 1,116 | - | - | 1,116 | ||||||||||||
General and administrative expenses | 10,174 | - | - | 10,174 | ||||||||||||
Expenses of consolidated investment products | - | 10,315 | (7,573 | ) | 2,742 | |||||||||||
Total operating expenses | 59,021 | 10,315 | (7,573 | ) | 61,763 | |||||||||||
Operating income | 21,398 | (10,315 | ) | - | 11,083 | |||||||||||
Other income (expense): | ||||||||||||||||
Equity earnings (losses), net | (25,437 | ) | - | 20,571 | (4,866 | ) | ||||||||||
Interest and dividends | 2,375 | - | - | 2,375 | ||||||||||||
Other income (expense) | (1,185 | ) | - | - | (1,185 | ) | ||||||||||
Investment and other income (losses) of consolidated investment products, net | - | (17,768 | ) | - | (17,768 | ) | ||||||||||
Interest and dividend income of consolidated investment products | - | 8,394 | - | 8,394 | ||||||||||||
Unrealized (loss) gain on digital assets, net | (796 | ) | - | - | (796 | ) | ||||||||||
Realized gain on investments, net | 2,398 | - | - | 2,398 | ||||||||||||
Unrealized gain (loss) on investments net | (15,554 | ) | - | - | (15,554 | ) | ||||||||||
Total other income (expense), net | (38,199 | ) | (9,374 | ) | 20,571 | (27,002 | ) | |||||||||
Income (loss) from continuing operations before provision for income taxes | (16,801 | ) | (19,689 | ) | 20,571 | (15,919 | ) | |||||||||
Income tax (expense) benefit | 23,219 | - | - | 23,219 | ||||||||||||
Income (loss) from continuing operations, net of tax | 6,418 | (19,689 | ) | 20,571 | 7,300 | |||||||||||
Income (loss) from discontinued operations, net of tax | (1,300 | ) | - | - | (1,300 | ) | ||||||||||
Net income (loss) | $ | 5,118 | $ | (19,689 | ) | $ | 20,571 | $ | 6,000 | |||||||
Less: net income attributable to redeemable noncontrolling interests | - | 541 | (1,423 | ) | (882 | ) | ||||||||||
Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | 5,118 | $ | (19,148 | ) | $ | 19,148 | $ | 5,118 | |||||||
HORIZON KINETICS HOLDING CORPORATION
Statements of Financial Condition (Unaudited)
(in thousands)
(Advisor only: without consolidation of investment products) | ||||||||
December 31, | December 31, | |||||||
2025 | 2024 | |||||||
Assets | ||||||||
Cash and cash equivalents | $ | 36,884 | $ | 14,446 | ||||
Fees receivable | 8,154 | 58,720 | ||||||
Investments, at fair value | 76,535 | 91,435 | ||||||
Assets of consolidated investment products | ||||||||
Cash and cash equivalents | - | - | ||||||
Investments, at fair value | - | - | ||||||
Other assets | - | - | ||||||
Other Investments | 220,065 | 228,870 | ||||||
Operating lease right-of-use assets | 6,382 | 5,105 | ||||||
Property and equipment, net | 395 | 99 | ||||||
Prepaid expenses and other assets | 8,603 | 1,729 | ||||||
Due from affiliates | 20 | 34 | ||||||
Digital assets | 12,509 | 13,240 | ||||||
Assets of discontinued operations | - | 4,345 | ||||||
Intangible assets, net | 41,108 | 42,169 | ||||||
Goodwill | 23,373 | 23,393 | ||||||
Total Assets | $ | 434,028 | $ | 483,585 | ||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||
Liabilities: | ||||||||
Accounts payable, accrued expenses and other | $ | 12,149 | $ | 21,547 | ||||
Accrued third party distribution expenses | 578 | 6,522 | ||||||
Deferred revenue | 66 | 222 | ||||||
Liabilities of consolidated investment products | ||||||||
Accounts payable and accrued expenses | - | - | ||||||
Management fee payable | - | - | ||||||
Other liabilities | - | - | ||||||
Deferred tax liability, net | 66,345 | 95,683 | ||||||
Due to affiliates | 7,689 | 11,597 | ||||||
Liabilities of discontinued operations | - | 464 | ||||||
Operating lease liability | 8,248 | 7,379 | ||||||
Total Liabilities | 95,075 | 143,414 | ||||||
Commitments and contingencies | ||||||||
Redeemable Noncontrolling Interests | - | - | ||||||
Shareholders' Equity | ||||||||
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | ||||||
Common stock; | 1,864 | 1,864 | ||||||
Additional paid-in capital | 39,243 | 39,243 | ||||||
Retained earnings | 297,846 | 299,064 | ||||||
Total Shareholders' Equity | 338,953 | 340,171 | ||||||
Total Liabilities, Noncontrolling Interests, and Shareholders' Equity | $ | 434,028 | $ | 483,585 | ||||
December 31, 2025 | ||||||||||||||||
Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||||||
Assets | ||||||||||||||||
Cash and cash equivalents | $ | 36,884 | $ | - | $ | - | $ | 36,884 | ||||||||
Fees receivable | 8,154 | - | (1,579 | ) | 6,575 | |||||||||||
Investments, at fair value | 76,535 | - | - | 76,535 | ||||||||||||
Assets of consolidated investment products | ||||||||||||||||
Cash and cash equivalents | - | 45,493 | - | 45,493 | ||||||||||||
Investments, at fair value | - | 1,708,395 | - | 1,708,395 | ||||||||||||
Other assets | - | 9,517 | - | 9,517 | ||||||||||||
Other investments | 220,065 | - | (199,033 | ) | 21,032 | |||||||||||
Operating lease right-of-use assets | 6,382 | 6,382 | ||||||||||||||
Property and equipment, net | 395 | 395 | ||||||||||||||
Prepaid expenses and other assets | 8,603 | 8,603 | ||||||||||||||
Due from affiliates | 20 | (10 | ) | 10 | ||||||||||||
Digital assets | 12,509 | - | - | 12,509 | ||||||||||||
Intangible assets, net | 41,108 | - | - | 41,108 | ||||||||||||
Goodwill | 23,373 | - | - | 23,373 | ||||||||||||
Total assets | $ | 434,028 | $ | 1,763,405 | $ | (200,622 | ) | $ | 1,996,811 | |||||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||||||||||
Liabilities: | ||||||||||||||||
Accounts payable, accrued expenses and other | $ | 12,149 | $ | - | $ | - | $ | 12,149 | ||||||||
Accrued third party distribution expenses | 578 | - | - | 578 | ||||||||||||
Deferred revenue | 66 | - | - | 66 | ||||||||||||
Liabilities of consolidated investment products | ||||||||||||||||
Accounts payable and accrued expenses | - | 1,606 | (10 | ) | 1,596 | |||||||||||
Management fee payable | - | 1,580 | (1,580 | ) | - | |||||||||||
Other liabilities | - | 735 | - | 735 | ||||||||||||
Deferred tax liability, net | 66,345 | - | - | 66,345 | ||||||||||||
Due to affiliates | 7,689 | - | - | 7,689 | ||||||||||||
Operating lease liability | 8,248 | - | - | 8,248 | ||||||||||||
Total liabilities | 95,075 | 3,921 | (1,590 | ) | 97,406 | |||||||||||
Commitments and contingencies | ||||||||||||||||
Redeemable noncontrolling interests | - | 1,599,587 | (39,135 | ) | 1,560,452 | |||||||||||
Equity interests | 338,953 | 159,897 | (159,897 | ) | 338,953 | |||||||||||
Total liabilities, noncontrolling interests, and shareholders' equity | $ | 434,028 | $ | 1,763,405 | $ | (200,622 | ) | $ | 1,996,811 | |||||||
Non-GAAP Measures
In discussing financial results, the Company presented tables without the consolidation of certain private funds which is not in accordance with Generally Accepted Accounting Principles (GAAP). We use this non-GAAP financial measure internally to make operating and strategic decisions, including evaluating our overall performance and as a factor in determining compensation for certain employees. We believe presenting this non-GAAP financial measure provides additional information to facilitate comparison of our historical operating costs and their trends, and provides additional transparency on how we evaluate our financial condition and results of operations. We also believe presenting this measure allows investors to view our financial condition and results of operations using the same measure that we use in evaluating our performance and trends.
Note Regarding Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," "strategy," "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe", "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology.
Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and the Company's subsequent Quarterly Reports on Form 10-Q and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent filings with the Securities and Exchange Commission.
About Horizon Kinetics Holding Corporation
Horizon Kinetics Holding Corporation (OTCQX:HKHC) offers investment advisory services through its subsidiary Horizon Kinetics Asset Management LLC ("HKAM"), a registered investment adviser. HKAM provides independent proprietary research and investment advisory services for mainly long-only and alternative value-based investing strategies. The firm's offices are located in New York City, White Plains, New York, Greenwich, Connecticut and Summit, New Jersey. For more information, please visit http://www.hkholdingco.com.
Investor Relations Contact:
SOURCE: Horizon Kinetics Holding Corporation
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