Every 10-Q that HORIZON KINETICS HOLDING (HKHC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HKHC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HKHC filings page.
Horizon Kinetics Holding Corporation, an asset manager that consolidates its sponsored private funds, reports relatively stable management and advisory fee revenue but highly volatile investment results. For the six months ended June 30, 2026, total revenue was $37,329 (thousands), slightly below $37,919 (thousands) a year earlier, while operating expenses rose to $38,696 (thousands) from $32,544 (thousands), producing an operating loss.
Strong investment and other income earlier in the year led to net income of $95,324 (thousands) versus $58,485 (thousands) for the prior-year period. Net income attributable to Horizon Kinetics shareholders was $54,153 (thousands), up sharply from $12,352 (thousands). However, the second quarter alone showed a net loss attributable to Horizon Kinetics of $18,379 (thousands), reflecting large mark-to-market losses in consolidated investment products and digital assets.
At June 30, 2026, total assets were $1,942,837 (thousands), dominated by consolidated investment product investments. Redeemable noncontrolling interests were $1,393,634 (thousands) and shareholders’ equity increased to $388,484 (thousands). Cash and cash equivalents for Horizon Kinetics and its consolidated products totaled $72,945 (thousands), with net cash used in operating activities of $8,814 (thousands) in the first half of 2026.
Horizon Kinetics Holding Corporation reported sharply higher profitability for the quarter ended March 31, 2026, driven by investment gains and incentive fees. Net income attributable to the company rose to $72.5 million, or $3.89 per share, compared with $22.8 million, or $1.23 per share a year earlier.
Total net income was $208.3 million, boosted by strong results in consolidated investment products and a $36.2 million unrealized gain on its own investment portfolio, primarily from Texas Pacific Land Corporation. Management and advisory fees declined modestly to $18.2 million, while assets under management increased to $11.4 billion, reflecting significant market appreciation in key holdings.
Horizon Kinetics Holding Corporation reported Q3 results, with total revenue of $17.9 million led by management and advisory fees of $17.8 million. Operating income was $2.9 million. Net income attributable to HKHC was $7.2 million, or $0.39 per share, compared with a loss in the prior-year period.
By line of business, Q3 management fees included $8.8 million from mutual funds, $2.9 million from ETFs, $5.6 million from separately managed accounts, and $0.5 million from proprietary fund management and other. Cash and cash equivalents were $37.7 million, investments at fair value were $83.1 million, and digital assets were $16.2 million as of September 30, 2025.
The Company sold its consumer brands in Q3, receiving $0.4 million in cash for inventories and securing royalties of 5%–15% on net sales through 2035, with a minimum of $1.5 million and a maximum of $5.25 million. HKHC estimated variable consideration at $2.5 million. Shares outstanding were 18,635,321 as of November 10, 2025.