Filing Flows › Westwood Holdings Group (WHG) › Q2 2025
Westwood Holdings Group (WHG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Westwood Holdings Group (WHG) reported revenue of $23.1M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.6% from the quarter before. Operating margin was 3.8%, net earnings $1.0M (4.5% of revenue).
Westwood Holdings Group, Q2 2025: revenue $23.1M (+2% year over year), operating margin 3.8%, net earnings $1.0M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.1M | -0.6% | +2% |
| Operating profit | $868K | — | — |
| Net earnings | $1.0M | +116% | — |
| Operating cash flow | $7.3M | — | +106% |
What changed
Revenue was $23.1M in Q2 2025, up 2% year over year and down 1% from the previous quarter. Asset Management was the largest line at 78% of revenue. Asset Management added $816K year over year (up 5%), 189% of the total change. Other Revenue Misc Services declined 70%.
Operating profit was $868K, a 3.8% margin (up 22.2 points year over year). Total costs fell 17% while revenue rose 2%. Net earnings were $1.0M. The effective tax rate was 29.8%. Non-operating items added $600K, 41% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.3M (up 106% year over year), 708% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $3.8M.
Questions
What was Westwood Holdings Group's revenue in the second quarter 2025?
Westwood Holdings Group (WHG) reported revenue of $23.1M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.6% from the quarter before.
Was Westwood Holdings Group profitable in the second quarter 2025?
Operating profit was $868K (3.8% of revenue) and net earnings $1.0M.