Filing Flows › Horizon Kinetics Holding (HKHC) › Q1 2026 › vs Q1 2025
Horizon Kinetics Holding (HKHC) Q1 2026 vs Q1 2025 (year over year)
Horizon Kinetics Holding's revenue fell $730K (-4%) from $19.0M in Q1 2025 to $18.3M in Q1 2026. The biggest changes: Management and Advisory Fees −$704K (-4%); Other Income and Fees −$26K (-23%).
Horizon Kinetics Holding, Q1 2026: revenue $18.3M (-4% year over year), operating margin -23.7%, net earnings $208M, operating cash flow −$6.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Management and Advisory Fees | $18.2M | $18.9M | −$704K | -4% |
| Other Income and Fees | $89K | $115K | −$26K | -23% |
| Revenue | $18.3M | $19.0M | −$730K | -4% |
| Other income, net | $243M | $90.5M | $152M | +168% |
| Costs & expenses | $261M | $110M | $151M | +138% |
| Operating costs | $22.6M | $17.3M | $5.3M | +31% |
| Income tax | $30.1M | $10.4M | $19.7M | +190% |
| Net earnings | $208M | $81.8M | $126M | +154% |
| SG&A | $723K | $1.1M | −$372K | -34% |
| Other operating costs | $21.9M | $16.2M | $5.7M | +35% |
| Operating cash sources | $215M | $96.8M | $118M | +122% |
| Depreciation & amortization | $198K | $437K | −$239K | -55% |
| Cash used in operations | $6.8M | $14.5M | −$7.7M | -53% |
| Working capital & other | $215M | $96.8M | $118M | +122% |
Questions
How much did Horizon Kinetics Holding's revenue grow year over year in Q1 2026?
Horizon Kinetics Holding's revenue fell $730K (-4%) from $19.0M in Q1 2025 to $18.3M in Q1 2026.
What drove Horizon Kinetics Holding's revenue change in Q1 2026?
Management and Advisory Fees −$704K (-4%); Other Income and Fees −$26K (-23%).