Horizon Kinetics Reports Strong Third Quarter 2025 Results

Horizon Kinetics Holding Corporation announced positive financial results for the third quarter ended September 30, 2025. The company's management and advisory fee revenue reached $17.8 million, marking a 36% increase from the same quarter in 2024. This growth was driven by higher assets under management (AUM), which totaled $10.4 billion, reflecting a 5.2% increase from December 2024 and a 25% rise year-over-year.

Net income for the quarter was reported at $7.2 million, or $0.39 per share. Operating income surged to $2.9 million, bouncing back from a $0.9 million loss in the previous year. Investment income was significantly affected by $129.4 million in gains, while unrealized losses were recorded at $7.0 million due to the decline in Texas Pacific Land Corporation's fair value.

The Board of Directors declared a dividend of $0.106 per share. The company also saw increased customer accounts and net cash inflows during the period.