Filing Flows › Westwood Holdings Group (WHG) › Q3 2026
Westwood Holdings Group (WHG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Westwood Holdings Group (WHG) reported revenue of $26.6M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +5% from the quarter before. Operating margin was 5.2%, net earnings $3.1M (11.7% of revenue).
Westwood Holdings Group, Q3 2026: revenue $26.6M (+9% year over year), operating margin 5.2%, net earnings $3.1M, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.6M | +5% | +9% |
| Operating profit | $1.4M | -33% | -31% |
| Net earnings | $3.1M | +104% | -16% |
| Operating cash flow | $5.9M | +6% | -30% |
| Free cash flow | $5.9M | +17% | -30% |
What changed
Revenue was $26.6M in Q3 2026, up 9% year over year and up 5% from the previous quarter. Asset Management was the largest line at 72% of revenue. Other Revenue Misc Services added $1.8M year over year, 80% of the total change.
Operating profit was $1.4M, a 5.2% margin (down 3.1 points year over year). Operating profit fell $626K even though revenue rose $2.3M versus Q3 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $3.1M, down 16% year over year. The effective tax rate was 32.0%. Non-operating items added $3.2M, 70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.9M (down 30% year over year), 190% of net earnings. Non-cash charges added back $726K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $53K left free cash flow of $5.9M.
Questions
What was Westwood Holdings Group's revenue in the third quarter 2026?
Westwood Holdings Group (WHG) reported revenue of $26.6M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +5% from the quarter before.
Was Westwood Holdings Group profitable in the third quarter 2026?
Operating profit was $1.4M (5.2% of revenue) and net earnings $3.1M.