HKHC · XBRL financial data

Horizon Kinetics Holding financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (HKHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	30	33	17	3	57	73
Cost of goods and services sold	18	19	9	2	—	—
Gross profit	12	14	7	1	—	—
Selling, general and administrative	—	—	—	2	2	3
General and administrative	5	5	3	3	10	10
Total operating expenses	15	22	15	7	73	62
Operating income (loss)	(2)	(9)	(8)	(5)	(16)	11
Interest income	0	—	—	0	—	—
Interest expense	0	0	1	0	—	—
Other income (expense)	—	—	—	(1)	(3)	(1)
Income tax expense (benefit)	(1)	1	0	0	104	(23)
Net income (loss)	(2)	(11)	(9)	0	92	5
Earnings per share, basic USD per share	(0.12)	(0.88)	(0.70)	0.03	5.07	0.27
Earnings per share, diluted USD per share	(0.12)	(0.88)	(0.70)	0.03	5.07	0.27
Weighted average shares, basic millions of shares	13	13	13	13	18	19
Weighted average shares, diluted millions of shares	13	13	13	13	18	19

Fiscal years (HKHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	0	1	0	10	14	37
Accounts receivable	5	4	2	0	—	—
Inventory	4	6	5	0	—	—
Total current assets	10	11	7	5	—	—
Property and equipment, net	0	0	0	0	0	0
Right-of-use asset	3	3	2	1	5	6
Goodwill	5	2	0	0	24	23
Total assets	34	21	11	6	2,028	1,997
Accounts payable	2	3	1	1	—	—
Accrued liabilities	0	1	0	0	—	—
Current portion of long-term debt	1	1	3	—	—	—
Total current liabilities	3	5	5	1	—	—
Long-term debt	5	2	—	—	—	—
Lease liability, non-current	3	3	3	2	—	—
Total liabilities	11	9	8	3	148	97
Retained earnings (accumulated deficit)	14	2	(6)	(6)	299	298
Total stockholders' equity	22	12	3	3	340	339
Total liabilities and equity	34	21	11	6	2,028	1,997
Common shares outstanding (cover page) millions of shares	13	13	13	13	19	19

Fiscal years (HKHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(2)	(11)	(9)	0	92	5
Stock-based compensation	0	0	0	0	—	—
Depreciation and amortization	1	2	1	0	2	1
Net cash from operating activities	4	(0)	(2)	(1)	12	(43)
Purchases of property and equipment	0	—	—	0	0	0
Net cash from investing activities	(10)	4	0	8	2	25
Dividends paid	—	—	—	—	1	6
Proceeds from long-term debt	3	2	—	0	—	—
Repayments of long-term debt	0	2	2	1	—	—
Net cash from financing activities	5	(3)	0	(4)	(25)	41
Net change in cash	(1)	1	(1)	4	(11)	24

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Horizon Kinetics Holding	34	19	(2)*	18.6M	16.8 quarters	Q2 FY26 10-QJun 30, 2026
Diamond Hill Investment Group	42	37*	17*	2.7M	—	Q4 FY25 10-KDec 31, 2025
Ares Management	557	1,294	(351)*	not reported	1.6 quarters	Q2 FY26 10-QJun 30, 2026
AlTi Global	31	58	not reported	not reported	—	Q2 FY26 10-QJun 30, 2026
GCM Grosvenor	140	134	38*	not reported	—	Q2 FY26 10-QJun 30, 2026
Ridgepost Capital	37	81	24*	not reported	—	Q2 FY26 10-QJun 30, 2026
Mount Logan Capital	not reported	8.7	(7.1)*	11.2M	—	Q2 FY26 10-QJun 30, 2026
Acadian Asset Management	86	185	26*	35.5M	—	Q2 FY26 10-QJun 30, 2026
Abacus Global Management	23	73	39*	97.8M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.