Horizon Kinetics Announces Significant Growth in 2024 Financial Results

Horizon Kinetics Holding Corporation reported notable growth in revenues and assets under management for the year ending December 31, 2024. Annual revenues surged by 21% to $57.2 million, while fourth-quarter revenues jumped 81.8% to $19.2 million. Net income attributable to the company rose substantially, reaching $92.5 million for the year.

The company saw its assets under management grow by 52% annually to $9.8 billion. This increase was driven mainly by rising market values in its Texas Pacific Land Corporation and Grayscale Bitcoin Trust holdings. However, higher operating expenses, including commissions and administrative costs, partially offset these gains.

Additionally, Horizon Kinetics benefited from $51.7 million in incentive fees from its proprietary funds and recognized substantial unrealized gains in both its investment and digital asset holdings. The Board declared a dividend of $0.107 per share for shareholders.