ACCESS Newswire·Nov 12, 2026, 4:15 PM ET

Horizon Kinetics Holding Corporation Reports Third Quarter Results

HKHC

Horizon Kinetics Holding Corporation reported a net loss of $18.4 million ($0.98 per share) for the quarter ended September 30, 2026, driven by unrealized declines in key investment holdings.
Management & advisory fees totaled $17.8 million for the quarter, matching the prior year period, while total revenues rose 0.3% sequentially but fell 1.2% year-to-date.
ETF revenues increased 26% for the quarter & 30% year-to-date, primarily due to growth in the Inflation Beneficiaries ETF, which offset declines in mutual fund revenues.
Separately managed account (SMA) revenues grew 2.0% for the quarter & 4.3% year-to-date.
Assets under management (AUM) stood at $10.0 billion as of September 30, 2026, a 7.3% decrease from June 30, 2026, but a 3.9% increase from December 31, 2025.
Year-to-date AUM growth was driven by a 13.4% market value increase in Texas Pacific Land Corporation, partially offset by decreases in bitcoin-related holdings & net outflows from private funds holding Miami International Holdings.
Operating expenses rose $1.3 million (8.9%) in the quarter due to higher general & administrative costs from new office lease commencement & impairment charges.
The Board declared a $0.13 per share cash dividend payable on December 10, 2026, to shareholders of record on November 23, 2026.
The Board authorized a $25.0 million share repurchase program to be executed over three years via open market, block, or private transactions.
Non-GAAP advisor-only operating income was $4.3 million for the quarter, reflecting core asset management operations excluding consolidated investment product effects.
The company will host a conference call on November 17, 2026, at 4:15 pm EST with Co-CEOs Peter Doyle & Steve Bregman & CFO Mark Herndon.

Company: Horizon Kinetics Holding Corporation
Keywords: Banking & Financial Services, Earnings