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Westwood Holdings Group Reports Fourth Quarter and Full Year 2025 Results

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Westwood Holdings Group (NYSE: WHG) reported Q4 and full-year 2025 results showing firmwide assets under management and advisement of $17.4 billion and ETF platform AUM exceeding $200 million. Quarterly revenues were $27.1 million; Q4 GAAP income was $1.9 million. For full-year 2025, income was $7.1 million and diluted EPS was $0.79. The firm closed energy secondaries and co-investment funds with over $300 million in commitments and launched YLDW ETF. Westwood declared a $0.15 per-share cash dividend payable April 1, 2026. Management cited higher ETF and private-fund revenues and a first institutional client for Managed Investment Solutions.

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Positive

  • Firm AUM/AUA of $17.4 billion
  • ETF platform AUM exceeding $200 million
  • Closed funds with >$300 million in commitments
  • Full-year 2025 income of $7.1 million (vs $2.2 million in 2024)
  • Full-year diluted EPS of $0.79

Negative

  • Q4 GAAP income declined to $1.9 million from $3.7 million in Q3
  • Q4 Non-GAAP Economic Earnings fell to $3.3 million from $5.7 million in Q3
  • Q4 diluted EPS dropped to $0.21 from $0.41 in Q3

Key Figures

Q4 2025 revenue: $27.1M Q4 2025 net income: $1.9M Q4 Economic Earnings: $3.3M +5 more
8 metrics
Q4 2025 revenue $27.1M Quarterly revenues vs $24.3M in Q3 2025 and $25.6M in Q4 2024
Q4 2025 net income $1.9M Compared with $3.7M in Q3 2025 and $2.1M in Q4 2024
Q4 Economic Earnings $3.3M Non-GAAP Economic Earnings vs $5.7M in Q3 2025 and $3.4M in Q4 2024
Cash & liquid investments $44.1M Balance at Dec 31, 2025, up $4.5M from Sept 30, 2025
Firmwide AUM/AUA $17.4B Total assets; $16.5B AUM and $0.9B AUA at Dec 31, 2025
2025 net income $7.1M Full-year 2025 income vs $2.2M in 2024
2025 diluted EPS $0.79 Full-year diluted EPS vs $0.26 in 2024
2025 Economic EPS $1.61 Economic EPS vs $0.82 in 2024

Market Reality Check

Price: $17.69 Vol: Volume 5,438 is below 20-...
low vol
$17.69 Last Close
Volume Volume 5,438 is below 20-day average of 8,448 (relative volume 0.64). low
Technical Price $17.75 trades above 200-day MA at $16.81, about 6.53% below 52-week high of $18.99 and 26.79% above 52-week low of $14.00.

Peers on Argus

WHG was up about 0.45% while peers showed mixed, mostly modest moves: OCCI up 0....
1 Up

WHG was up about 0.45% while peers showed mixed, mostly modest moves: OCCI up 0.94%, OXSQ up 0.52%, EDF down 0.20%, SPE down 0.80%, TEAF down 0.33%. Momentum scanner flagged only OXSQ (up 1.11%, no news), suggesting WHG’s action was stock-specific rather than a sector rotation.

Previous Earnings Reports

5 past events · Latest: Oct 30 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Oct 30 Q3 2025 earnings Positive +3.0% Stronger Q3 2025 revenues, higher net income and economic EPS, solid AUM.
Aug 08 Q2 2025 earnings Positive +6.2% Revenue growth, swing from prior-year loss to profit, AUM at $18.3B.
Apr 30 Q1 2025 earnings Neutral -3.0% Mixed quarter with lower sequential revenue but higher year-over-year sales and AUM.
Feb 12 Q4 2024 earnings Positive +2.2% Rising Q4 revenues, positive income, stronger economic earnings, cash-rich balance sheet.
Oct 30 Q3 2024 earnings Positive +0.8% Revenues and AUM reached multi‑year highs, earnings turned positive with dividend declared.
Pattern Detected

Earnings releases have generally prompted positive price reactions, with all recent earnings events showing upside moves regardless of quarter-to-quarter variability.

Recent Company History

Over the last five earnings cycles from Oct 2024 through Oct 2025, Westwood has steadily improved fundamentals: revenues climbed from $23.7M to $24.3M, net income expanded from near break-even to $3.7M, and cash balances remained strong. AUM fluctuated around the mid‑ to high‑teens billions, while the company consistently declared a $0.15 dividend. Historically, these earnings updates were followed by positive single‑day moves, framing today’s 2025 results within a generally constructive trend.

Historical Comparison

+1.9% avg move · In the past five earnings releases, WHG’s stock moved an average of ±1.85% on day one, typically rea...
earnings
+1.9%
Average Historical Move earnings

In the past five earnings releases, WHG’s stock moved an average of ±1.85% on day one, typically reacting positively to revenue growth, stronger margins, and steady dividends.

Earnings since late 2024 show a progression from modest profitability and rising revenues toward stronger net income and economic EPS in 2025, supported by growing ETF platforms, higher AUM, and consistent $0.15 dividends. The current Q4 and full‑year 2025 results continue this trend of operational improvement and balance sheet strength.

Market Pulse Summary

This announcement highlights higher Q4 $27.1M revenues, solid full-year $7.1M income, and improved E...
Analysis

This announcement highlights higher Q4 $27.1M revenues, solid full-year $7.1M income, and improved Economic EPS of $1.61 alongside strong liquidity of $44.1M and no debt. Investors may weigh mixed quarterly profit trends against clear year-over-year progress and growth in AUM and ETF platforms. Key metrics to monitor going forward include asset flows, performance fees, incentive compensation, and the stability of the regular $0.15 dividend.

Key Terms

exchange-traded funds, etf, non-gaap
3 terms
exchange-traded funds financial
"Revenues increased from the third quarter due to significant investor interest in our exchange-traded funds"
An exchange-traded fund is an investment product that bundles many stocks, bonds, or other assets into a single package that trades on a stock exchange like an individual share; think of it as a ready-made basket you can buy or sell throughout the trading day. For investors it matters because ETFs provide easy access to broad exposure, typically lower costs and built-in diversification, and the ability to adjust positions quickly without buying each asset separately.
etf financial
"Enhanced Midstream Income ETF and Westwood Salient Enhanced Energy Income ETF.Income Opportunity"
An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.
non-gaap financial
"Non-GAAP Economic Earnings of $3.3 million for the quarter compared with $5.7 million in the third quarter"
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

AI-generated analysis. Not financial advice.

Our expanded ETF platform now exceeds $200 million in AUM
Successful year-end close of WES II with over $300 million in commitments
Managed Investment Solutions team secured its first institutional client

DALLAS, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter and fiscal year 2025 earnings. Significant items include:

  • Investment strategies beating their primary benchmarks in the fourth quarter included Enhanced Balanced, Total Return, Income Opportunity, Multi-Asset Income, Alternative Income, MLP & Energy Infrastructure, Westwood Salient Enhanced Midstream Income ETF and Westwood Salient Enhanced Energy Income ETF.
  • Income Opportunity posted a top quartile ranking vs. peers and Total Return posted a top decile ranking in the quarter.
  • Quarterly revenues totaled $27.1 million versus the third quarter's $24.3 million and $25.6 million a year ago. Income of $1.9 million compared with $3.7 million in the third quarter and $2.1 million in the fourth quarter of 2024.
  • Non-GAAP Economic Earnings of $3.3 million for the quarter compared with $5.7 million in the third quarter and $3.4 million in the fourth quarter of 2024.
  • Westwood held $44.1 million in cash and liquid investments at December 31, 2025, up $4.5 million from September 30, 2025. Westwood's stockholders' equity totaled $125.6 million as of December 31, 2025 and we continue to have no debt.
  • We declared a cash dividend of $0.15 per common share, payable on April 1, 2026 to stockholders of record on March 3, 2026.

Brian Casey, Westwood’s CEO, commented, "We strengthened our competitive position throughout last year, expanding our ETF platform with the launch of YLDW, our Enhanced Income Opportunity ETF, and we now have more than $200 million in ETF assets. We closed our second flagship energy secondaries fund and two co-investment funds with over $300 million in capital commitments, well above our initial target, and our Managed Investment Solutions business scored its first institutional client win. These achievements underscore our team’s disciplined execution abilities and our commitment to deliver innovative, high‑quality investment solutions for our clients. As we begin this new year, we are well‑positioned to build on these new initiatives."

Revenues increased from the third quarter due to significant investor interest in our exchange-traded funds ("ETFs") and private energy secondaries funds, along with higher performance fees. Revenues increased from 2024's fourth quarter primarily due to higher average assets under management ("AUM") and higher revenues from our ETFs and private energy secondaries funds, partially offset by lower performance fees.

Firmwide assets under management and advisement totaled $17.4 billion, consisting of $16.5 billion in AUM and assets under advisement ("AUA") of $0.9 billion.

Fourth quarter income of $1.9 million compared to $3.7 million in the third quarter due to higher performance-related incentive compensation in the fourth quarter and unrealized appreciation on strategic private investments in the third quarter, offset by higher revenues. Diluted EPS of $0.21 compared to $0.41 per share for the third quarter. Non-GAAP Economic Earnings were $3.3 million, or $0.36 per share, compared to the third quarter's $5.7 million, or $0.64 per share.

Fourth quarter income of $1.9 million compared to last year's fourth quarter of $2.1 million as a result of higher revenues and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher performance-related incentive compensation expenses and additional professional service costs. Diluted EPS of $0.21 compared with $0.24 per share for 2024's fourth quarter. Non-GAAP Economic Earnings of $3.3 million, or $0.36 per share, compared to $3.4 million, or $0.39 per share, in the fourth quarter of 2024.

2025 income of $7.1 million compared to $2.2 million in 2024 on higher revenues, unrealized appreciation on strategic private investments, and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher professional service and information technology costs. Diluted EPS was $0.79 per share compared with $0.26 per share for 2024. Economic EPS of $1.61 compared with $0.82 in 2024.

Economic Earnings and Economic EPS are non-GAAP performance measures that are explained and reconciled with the most comparable GAAP numbers in the attached tables.

Westwood will host a conference call to discuss fourth quarter and fiscal year 2025 results and other business matters at 4:30 p.m. Eastern time today. To join the conference call, please register here:

https://register-conf.media-server.com/register/BI07b829e2b37f4ae6966af1ad4c72fd74

After registering, you will be provided with a dial-in number containing a personalized PIN.

To view the webcast, please register here:

https://edge.media-server.com/mmc/p/qe4gtv6e

Once registered, an email will be sent with important details for this conference call, as well as a unique Registrant ID.

ABOUT WESTWOOD HOLDINGS GROUP

Westwood Holdings Group (NYSE: WHG) is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. For over 40 years, Westwood’s client-first approach has fostered strong, long-term client relationships due to our unwavering commitment to delivering bespoke investment strategies with a vehicle-optimized approach, exceptional counsel and unparalleled client service. Our flexible and agile approach to investing allows us to adapt to constantly changing markets, while continually seeking innovative strategies that meet our investors’ short and long-term needs.

Our team at Westwood comes from varied backgrounds and life experiences, which reflects our origins as a woman-founded firm. We are committed to incorporating diverse insights and knowledge into all aspects of our services and solutions. Our culture and approach to our business reflect our core values - integrity, reliability, responsiveness, adaptability, teamwork and driving results - and underpin our constant pursuit of excellence.

For more information on Westwood, please visit westwoodgroup.com.

Forward-looking Statements

Statements in this press release that are not purely historical facts, including, without limitation, statements about our expected future financial position, results of operations or cash flows, as well as other statements including without limitation, words such as “anticipate,” “believe,” “expect,” “could,” and other similar expressions, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results and the timing of some events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation: the composition and market value of our AUM and AUA; our ability to maintain our fee structure in light of competitive fee pressures; risks associated with actions of activist stockholders; distributions to our common stockholders have included and may in the future include a return of capital; inclusion of foreign company investments in our AUM; regulations adversely affecting the financial services industry; our ability to maintain effective cyber security; litigation risks; our ability to develop and market new investment strategies successfully; our reputation and our relationships with current and potential customers; our ability to attract and retain qualified personnel; our ability to perform operational tasks; our ability to select and oversee third-party vendors; our dependence on the operations and funds of our subsidiaries; our ability to maintain effective information systems; our ability to prevent misuse of assets and information in the possession of our employees and third-party vendors, which could damage our reputation and result in costly litigation and liability for our clients and us; our stock is thinly traded and may be subject to volatility; competition in the investment management industry; our ability to avoid termination of client agreements and the related investment redemptions; the significant concentration of our revenues in a small number of customers; we have made and may continue to make business combinations as a part of our business strategy, which may present certain risks and uncertainties; our relationships with investment consulting firms; our ability to identify and execute on our strategic initiatives; our ability to declare and pay dividends; our ability to fund future capital requirements on favorable terms; our ability to properly address conflicts of interest; our ability to maintain adequate insurance coverage; our ability to maintain an effective system of internal controls; and the other risks detailed from time to time in Westwood’s SEC filings, including, but not limited to, its annual report on Form 10-K for the year ended December 31, 2024 and its quarterly report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, Westwood is not obligated to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

SOURCE: Westwood Holdings Group, Inc.

(WHG-G)

CONTACT:

Westwood Holdings Group, Inc.

Terry Forbes

Chief Financial Officer and Treasurer

(214) 756-6900


WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Three Months Ended
 December 31, 2025 September 30, 2025 December 31, 2024
REVENUES:     
Advisory fees:     
Asset-based$20,149  $18,887  $18,025
Performance-based 874      1,393
Trust fees 5,646   5,416   5,635
Trust performance-based 260      482
Other, net 172   (14)  47
Total revenues 27,101   24,289   25,582
EXPENSES:     
Employee compensation and benefits 15,427   13,286   14,090
Sales and marketing 694   633   641
Westwood funds 1,303   1,101   880
Information technology 2,630   2,893   2,450
Professional services 2,225   1,593   717
General and administrative 2,658   2,774   3,044
Loss from change in fair value of contingent consideration       1,199
Total expenses 24,937   22,280   23,021
Net operating income 2,164   2,009   2,561
Net change in unrealized appreciation (depreciation) on private investments    1,932   
Net investment income 470   459   593
Other income 291   292   219
Income before income taxes 2,925   4,692   3,373
Provision for income taxes 1,085   963   1,274
Net income$1,840  $3,729  $2,099
Less: income (loss) attributable to noncontrolling interest (23)  30   43
Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056
Earnings per share:     
Basic$0.22  $0.44  $0.25
Diluted$0.21  $0.41  $0.24
Weighted average shares outstanding:     
Basic 8,418,874   8,418,174   8,271,614
Diluted 9,003,337   8,941,347   8,756,976
Economic Earnings$3,276  $5,714  $3,377
Economic EPS$0.36  $0.64  $0.39
Dividends declared per share$0.15  $0.15  $0.15


 

WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Year Ended December 31,
 2025
 2024
REVENUES:   
Advisory fees:   
Asset-based$74,722 $69,755 
Performance-based 874  1,393 
Trust fees 21,560  21,422 
Trust performance-based 260  482 
Other, net 346  1,669 
Total revenues 97,762  94,721 
EXPENSES:   
Employee compensation and benefits 56,686  56,011 
Sales and marketing 2,744  2,668 
Westwood funds 4,258  3,254 
Information technology 10,894  9,662 
Professional services 6,917  5,468 
General and administrative 11,290  11,947 
Loss from change in fair value of contingent consideration   4,881 
Total expenses 92,789  93,891 
Net operating income 4,973  830 
Net change in unrealized appreciation (depreciation) on private investments 1,932   
Net investment income 1,655  2,183 
Other income 1,117  1,002 
Income before income taxes 9,677  4,015 
Income tax provision 2,600  1,804 
Net income$7,077 $2,211 
Less: income (loss) attributable to noncontrolling interest 19  (4)
Income attributable to Westwood Holdings Group, Inc.$7,058 $2,215 
Earnings per share:   
Basic$0.84 $0.27 
Diluted$0.79 $0.26 
Weighted average shares outstanding:   
Basic 8,374,352  8,163,465 
Diluted 8,885,580  8,515,779 
Economic Earnings$14,296 $6,965 
Economic EPS$1.61 $0.82 
Dividends declared per share$0.60 $0.60 


 

WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share amounts)
(unaudited)
 December 31, 2025 December 31, 2024
ASSETS   
Cash and cash equivalents$26,249  $18,847 
Accounts receivable 16,751   14,453 
Investments at fair value (amortized cost of $19,923 and $26,788) 21,433   27,694 
Investments under measurement alternative 15,697   10,747 
Equity method investments 4,303   4,250 
Income taxes receivable    295 
Other assets 8,453   6,780 
Goodwill 39,501   39,501 
Deferred income taxes 2,452   2,244 
Operating lease right-of-use assets 9,676   2,559 
Intangible assets, net 18,199   21,668 
Property and equipment, net of accumulated depreciation of $8,952 and $8,424 536   951 
Total assets$163,250  $149,989 
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Liabilities:   
Accounts payable and accrued liabilities$7,584  $6,413 
Dividends payable 2,701   2,466 
Compensation and benefits payable 13,626   10,924 
Operating lease liabilities 10,171   3,197 
Income taxes payable 1,493    
Contingent consideration    4,657 
Total liabilities 35,575   27,657 
Stockholders’ Equity:   
Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,337,758 and 12,137,080, respectively and outstanding 9,394,066 and 9,234,575, respectively 124   122 
Additional paid-in capital 206,120   202,239 
Treasury stock, at cost – 2,983,692 and 2,902,505 shares, respectively (89,612)  (88,277)
Retained earnings 8,983   6,207 
Total Westwood Holdings Group, Inc. stockholders' equity 125,615   120,291 
Noncontrolling interest in consolidated subsidiary 2,060   2,041 
Total equity 127,675   122,332 
Total liabilities and stockholders’ equity$163,250  $149,989 


 

WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
 Year ended December 31,
  2025   2024 
Cash flows from operating activities:   
Net income$7,077  $2,211 
Adjustments to reconcile net income to net cash provided by operating activities:   
Depreciation 501   602 
Amortization of intangible assets 3,945   4,148 
Net change in unrealized (appreciation) depreciation on investments (1,999)  (790)
Stock-based compensation expense 5,148   5,537 
Deferred income taxes (208)  (1,518)
Non-cash lease expense 1,015   1,115 
Fair value change of contingent consideration    4,881 
Changes in operating assets and liabilities:   
Accounts receivable (2,298)  (59)
Other assets (1,673)  (1,227)
Accounts payable and accrued liabilities 1,171   283 
Compensation and benefits payable 2,702   1,385 
Income taxes receivable and payable 1,788   (90)
Other liabilities (1,148)  (1,402)
Net sales of trading securities 6,390   6,046 
Contingent consideration (4,442)   
Net cash provided by operating activities 17,969   21,122 
Cash flows from investing activities:   
Purchases of investments (3,131)  (3,500)
Purchases of property and equipment (86)  (109)
Additions to internally developed software (449)  (1,004)
Net cash used in investing activities (3,666)  (4,613)
Cash flows from financing activities:   
Purchases of treasury stock    (1,348)
Restricted stock returned for payment of taxes (1,335)  (939)
Payment of contingent consideration in acquisition (201)  (10,357)
Cash dividends (5,365)  (5,440)
Net cash used in financing activities (6,901)  (18,084)
Net change in cash and cash equivalents 7,402   (1,575)
Cash and cash equivalents, beginning of period 18,847   20,422 
Cash and cash equivalents, end of period$26,249  $18,847 
Supplemental cash flow information:   
Cash paid during the period for income taxes$1,019  $3,431 
Right-of-use assets obtained in exchange for operating lease liabilities$8,133  $ 
Accrued dividends$2,701  $2,466 


WESTWOOD HOLDINGS GROUP, INC.

Reconciliation of Income Attributable to Westwood Holdings Group, Inc. to Economic Earnings
(in thousands, except per share and share amounts)
(unaudited)

As supplemental information, we are providing non-GAAP performance measures that we refer to as Economic earnings and Economic earnings per share. We provide these measures in addition to, not as a substitute for, income attributable to Westwood Holdings Group, Inc. and earnings per share, which are reported on a GAAP basis. Our management and Board of Directors review Economic earnings and Economic earnings per share to evaluate our ongoing performance, allocate resources, and review our dividend policy. We believe that these non-GAAP performance measures, while not substitutes for GAAP income attributable to Westwood Holdings Group, Inc. or earnings per share, are useful for management and investors when evaluating our underlying operating and financial performance and our available resources. We do not advocate that investors consider these non-GAAP measures without also considering financial information prepared in accordance with GAAP.

We define Economic earnings as income attributable to Westwood Holdings Group, Inc. plus non-cash equity-based compensation expense, amortization of intangible assets and deferred taxes related to goodwill. Although depreciation on fixed assets is a non-cash expense, we do not add it back when calculating Economic earnings because depreciation charges represent an allocation of the decline in the value of the related assets that will ultimately require replacement. Although gains and losses from changes in the fair value of contingent consideration are non-cash, we do not add or subtract those back when calculating Economic earnings because gains and losses on changes in the fair value of contingent consideration are considered regular following an acquisition. In addition, we do not adjust Economic earnings for tax deductions related to restricted stock expense or amortization of intangible assets. Economic earnings per share represents Economic earnings divided by diluted weighted average shares outstanding.

 Three Months Ended
 December 31,
2025
 September 30,
2025
 December 31,
2024
Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056 
Stock-based compensation expense 1,223   1,303   1,216 
Intangible amortization 802   1,061   1,063 
Tax benefit from goodwill amortization 136   136   (97)
Tax impact of adjustments to GAAP income (748)  (485)  (861)
Economic Earnings$3,276  $5,714  $3,377 
Earnings per share$0.21  $0.41  $0.23 
Stock-based compensation expense 0.14   0.15   0.14 
Intangible amortization 0.07   0.11   0.13 
Tax benefit from goodwill amortization 0.02   0.02   (0.01)
Tax impact of adjustments to GAAP income (0.08)  (0.05)  (0.10)
Economic EPS$0.36  $0.64  $0.39 
Diluted weighted average shares 9,003,337   8,941,347   8,756,976 


 Year Ended December 31,
  2025   2024 
Income attributable to Westwood Holdings Group, Inc.$7,058  $2,215 
Stock-based compensation expense 5,148   5,537 
Intangible amortization 3,945   4,148 
Tax benefit from goodwill amortization 533   340 
Tax impact of adjustments to GAAP income (2,388)  (5,275)
Economic Earnings$14,296  $6,965 
Earnings per share$0.79  $0.26 
Stock-based compensation expense 0.58   0.65 
Intangible amortization 0.45   0.49 
Tax benefit from goodwill amortization 0.06   0.04 
Tax impact of adjustments to GAAP income (0.27)  (0.62)
Economic EPS$1.61  $0.82 
Diluted weighted average shares 8,885,580   8,515,779 



FAQ

What revenue did Westwood Holdings (WHG) report for Q4 2025?

Westwood reported $27.1 million in revenues for Q4 2025. According to the company, revenues rose from Q3 due to higher ETF and private energy secondaries fund inflows and increased performance fees.

How much AUM/AUA did Westwood (WHG) report at December 31, 2025?

Westwood reported firmwide assets under management and advisement of $17.4 billion. According to the company, that total comprises $16.5 billion in AUM and $0.9 billion in AUA.

What did Westwood (WHG) announce about its ETF platform and YLDW?

Westwood said its expanded ETF platform now exceeds $200 million in AUM following the launch of YLDW. According to the company, ETF interest contributed materially to Q4 revenue growth.

What were Westwood's full-year 2025 earnings and EPS (WHG)?

Westwood reported full-year 2025 income of $7.1 million and diluted EPS of $0.79. According to the company, results reflected higher revenues and unrealized appreciation on strategic private investments.

What fund closings did Westwood (WHG) report during 2025?

Westwood closed its second flagship energy secondaries fund and two co-investment funds with over $300 million in commitments. According to the company, these closings exceeded initial targets.

Did Westwood (WHG) declare a dividend and what is the payment date?

Westwood declared a cash dividend of $0.15 per common share payable on April 1, 2026. According to the company, the dividend record date is March 3, 2026.
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WHG Stock Data

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