Filing Flows › Westwood Holdings Group (WHG) › Q1 2026
Westwood Holdings Group (WHG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Westwood Holdings Group (WHG) reported revenue of $25.0M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -8% from the quarter before. Operating margin was -6.0%, net earnings $782K (3.1% of revenue).
Westwood Holdings Group, Q1 2026: revenue $25.0M (+7% year over year), operating margin -6.0%, net earnings $782K, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.0M | -8% | +7% |
| Operating profit | −$1.5M | -169% | — |
| Net earnings | $782K | -58% | +64% |
| Operating cash flow | −$2.6M | -132% | — |
What changed
Revenue was $25.0M in Q1 2026, up 7% year over year and down 8% from the previous quarter. Asset Management was the largest line at 77% of revenue. Asset Management added $1.6M year over year (up 9%), 92% of the total change. Fiduciary and Trust declined 2%.
Operating costs exceeded revenue by $1.5M, an operating margin of -6.0%. Total costs grew 13% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $782K, up 64% year over year. The effective tax rate was 5.6%. Non-operating items added $2.3M, 281% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.6M. Non-cash charges added back $883K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $246K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Westwood Holdings Group's revenue in the first quarter 2026?
Westwood Holdings Group (WHG) reported revenue of $25.0M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -8% from the quarter before.
Was Westwood Holdings Group profitable in the first quarter 2026?
Operating loss was $1.5M (-6.0% of revenue) and net earnings $782K.