Filing Flows › Horizon Kinetics Holding (HKHC) › Q1 2026 › vs Q4 2025
Horizon Kinetics Holding (HKHC) Q1 2026 vs Q4 2025 (quarter over quarter)
Horizon Kinetics Holding's revenue rose $1.3M (+7%) from $17.0M in Q4 2025 to $18.3M in Q1 2026. The biggest changes: Management and Advisory Fees +$1.3M (+8%); Other Income and Fees −$24K (-21%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Management and Advisory Fees | $18.2M | $16.9M | $1.3M | +8% |
| Other Income and Fees | $89K | $113K | −$24K | -21% |
| Revenue | $18.3M | $17.0M | $1.3M | +7% |
| Other income, net | $243M | −$211M | $454M | — |
| Costs & expenses | $261M | $226M | $35.4M | +16% |
| Operating costs | $22.6M | $14.3M | $8.4M | +59% |
| Income tax | $30.1M | −$19.4M | $49.5M | — |
| Net earnings | $208M | −$189M | $397M | — |
| SG&A | $723K | $664K | $59K | +9% |
| Other operating costs | $21.9M | $13.6M | $8.3M | +61% |
| Operating cash sources | $215M | −$186M | $401M | — |
| Depreciation & amortization | $198K | $199K | −$1K | -0.5% |
| Cash used in operations | $6.8M | $2.8M | $4.0M | +142% |
| Working capital & other | $215M | −$186M | $401M | — |
Questions
How much did Horizon Kinetics Holding's revenue grow quarter over quarter in Q1 2026?
Horizon Kinetics Holding's revenue rose $1.3M (+7%) from $17.0M in Q4 2025 to $18.3M in Q1 2026.
What drove Horizon Kinetics Holding's revenue change in Q1 2026?
Management and Advisory Fees +$1.3M (+8%); Other Income and Fees −$24K (-21%).