Articles from Horizon Kinetics Holding Corporation

Highlights for the quarter ended September 30, 2026:Management and advisory fees were $17.8 million for each of the three months ended September 30, 2026 and 2025. The quarter included a 26% increase in revenues from the Company's exchange-traded funds (ETFs). Management and advisory fees from separately managed accounts (SMAs) grew 2.0% for the quarter and 4.3% year-to-date.Operating income was $1.8 million (GAAP presentation) and $4.3 million advisor only presentation (Non-GAAP) for the quarter ended September 30, 2026 reflecting the Company's core asset management operations.Net income (loss) attributable to Horizon Kinetics Holding Corporation was a net loss of $18.4 million, or $0.98 per common share, and net income of $35.8 million, or $1.92 per share, for the three and nine months ended September 30, 2026, respectively. The net loss for the quarter was the result of unrealized declines in the fair value of certain key investment holdings, including those at consolidated investment products, while the year-to-date period continued to reflect unrealized gains at those same investment holdings.Assets under management (AUM) was $10.0 billion as of September 30, 2026, a decrease of 7.3% from June 30, 2026. AUM remains higher than the beginning of the year value of $9.6 billion, reflecting an increase of 3.9% from December 31, 2025.Board of Directors declared a $0.13 per share dividend.The Company's Board of Directors authorized a $25.0 million share repurchase program.

Highlights for the quarter ended June 30, 2026: