Horizon Kinetics Holding Corporation Reports Second Quarter Results
Highlights for the Quarter ended June 30, 2025:
Management and advisory fee revenue of $18.8 million for the quarter ended June 30, 2025, a 66% increase from the second quarter of 2024
Net loss attributable to Horizon Kinetics Holding Corporation of $(10.5) million, or $(0.56) per common share for the three months ended June 30, 2025
Operating income for the second quarter of 2025 was $2.5 million, an increase of $3.2 million from a $0.6 million loss during the second quarter of 2024
Assets under management ("AUM") of $10.5 billion as of June 30, 2025, an increase of 7% from December 31, 2024 and 43% from June 30, 2024
Board of Directors declares a $0.071 per share dividend
NEW YORK, August 12, 2025 (Newswire.com) - Horizon Kinetics Holding Corporation (the "Company" or "HKHC") (OTCID:HKHC) reported financial results for the second quarter of 2025. The Company's management and advisory fee revenue grew during the quarter as compared to 2024 resulting from increases in AUM in its separately managed accounts, ETFs, mutual funds and private funds. The increases in AUM across each of the various products and strategies throughout calendar year 2024 were largely driven by the increases in the market value of Texas Pacific Land Corporation ("TPL") and Grayscale Bitcoin Trust, which have resulted in higher monthly management fees during 2025. The Company has also experienced net cash inflows into the various products and strategies and has increased its customer accounts during the quarter.
The Company's operating income for the second quarter of $2.5 million was positively impacted by the increased revenues, which were only partially offset by a variety of higher operating expenses, including higher commissions and higher distribution costs. In addition, the second quarter included $0.9 million of various operating expenses and a $0.9 million non-cash goodwill impairment associated with the consumer products asset group with no comparable amounts in the second quarter of 2024. Advisor only Operating income, a non-GAAP measure, was $4.4 million for the second quarter of 2025, an increase of $3.0 million from 2024.
The second quarter included $15.5 million of investment losses, net primarily from unrealized declines in the fair value of certain private placements held within the Company's consolidated investment products. Our clients' interests in these amounts are reflected in the redeemable noncontrolling interests, which was $12.9 million for the three months ended June 30, 2025.
The Company experienced unrealized losses on investments of $15.4 million for the three months ended June 30, 2025, which was primarily the impact of a 20% decline in the fair value of TPL during the quarter. In addition, the Company's equity losses, net were $4.6 million from various equity interest holdings. These unrealized losses were partially offset by the unrealized gains of $3.4 million for the three months ended June 30, 2025 from its digital asset holdings.
On August 8, 2025, the Company's Board of Directors declared a cash dividend of $0.071 per share, payable on September 15, 2025, to shareholders of record as of the close of business on August 21, 2025.
Conference Call
Murray Stahl, Chairman and Chief Executive Officer, and Mark Herndon, Chief Financial Officer, will host a conference call on Tuesday, August 19th, 2025 at 4:15 pm EDT. You may register for the conference call by clicking on the following link:
https://attendee.gotowebinar.com/register/4072864197449531742
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Operations
(in thousands)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
As Restated | As Restated | |||||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 18,798 | $ | 11,323 | $ | 37,703 | $ | 23,315 | ||||||||
Other income and fees | 963 | 119 | 1,857 | 257 | ||||||||||||
Total revenue | 19,761 | 11,442 | 39,560 | 23,572 | ||||||||||||
Operating expenses: | ||||||||||||||||
Compensation, related employee benefits, and cost of goods sold | 8,384 | 6,338 | 17,951 | 12,684 | ||||||||||||
Sales, distribution and marketing | 4,441 | 2,719 | 8,897 | 4,909 | ||||||||||||
Depreciation and amortization | 342 | 459 | 841 | 919 | ||||||||||||
General and administrative expenses | 2,971 | 2,090 | 5,850 | 4,734 | ||||||||||||
Impairment of goodwill | 900 | - | 900 | - | ||||||||||||
Expenses of consolidated investment products | 217 | 501 | 1,312 | 1,065 | ||||||||||||
Total operating expenses | 17,255 | 12,107 | 35,751 | 24,311 | ||||||||||||
Operating income (loss) | 2,506 | (665 | ) | 3,809 | (739 | ) | ||||||||||
Other income (expense): | ||||||||||||||||
Equity earnings (losses), net | (4,561 | ) | 1,711 | (1,510 | ) | 2,231 | ||||||||||
Interest and dividends | 454 | 181 | 945 | 370 | ||||||||||||
Other income (expense) | (190 | ) | (46 | ) | (241 | ) | (173 | ) | ||||||||
Investment and other income (losses) of consolidated investment products, net | (15,533 | ) | 27,949 | 54,734 | 299,849 | |||||||||||
Interest and dividend income of consolidated investment products | 1,887 | 4,780 | 4,792 | 8,606 | ||||||||||||
Unrealized gain (loss) on digital assets, net | 3,428 | (1,296 | ) | 1,649 | 2,887 | |||||||||||
Realized gain (loss) on investments, net | (2 | ) | 127 | 2,197 | 319 | |||||||||||
Unrealized gain (loss) on investments net | (15,422 | ) | 8,942 | (1,689 | ) | 13,622 | ||||||||||
Total other income, net | (29,939 | ) | 42,348 | 60,877 | 327,711 | |||||||||||
Income before provision for income taxes | (27,433 | ) | 41,683 | 64,686 | 326,972 | |||||||||||
Income tax (expense) benefit | 4,083 | (234 | ) | (6,201 | ) | (1,478 | ) | |||||||||
Net income | $ | (23,350 | ) | $ | 41,449 | $ | 58,485 | $ | 325,494 | |||||||
Less: net income attributable to redeemable noncontrolling interests | 12,861 | (27,411 | ) | (46,133 | ) | (270,615 | ) | |||||||||
Net (loss) income attributable to Horizon Kinetics Holding Corporation | $ | (10,489 | ) | $ | 14,038 | $ | 12,352 | $ | 54,879 | |||||||
Basic and diluted net (loss) income per common share: | ||||||||||||||||
Net income (loss) | $ | (0.56 | ) | $ | 0.78 | $ | 0.66 | $ | 3.05 | |||||||
Weighted average shares outstanding: | ||||||||||||||||
Basic and diluted | 18,635 | 17,984 | 18,635 | 17,984 | ||||||||||||
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Financial Condition
(in thousands)
June 30, | December 31, | |||||||
2025 | 2024 | |||||||
(Unaudited) | ||||||||
Assets | ||||||||
Cash and cash equivalents | $ | 38,854 | $ | 14,446 | ||||
Fees receivable, net | 7,316 | 8,670 | ||||||
Investments, at fair value | 89,963 | 91,435 | ||||||
Assets of consolidated investment products | ||||||||
Cash and cash equivalents | 33,604 | 44,306 | ||||||
Investments, at fair value | 1,749,698 | 1,746,850 | ||||||
Other assets | 26,871 | 19,247 | ||||||
Other investments | 23,775 | 13,443 | ||||||
Operating lease right-of-use assets | 4,122 | 5,105 | ||||||
Property and equipment, net | 112 | 99 | ||||||
Prepaid expenses and other assets | 2,533 | 2,352 | ||||||
Due from affiliates | 11 | 27 | ||||||
Digital assets | 14,919 | 13,240 | ||||||
Intangible assets, net | 43,715 | 44,531 | ||||||
Goodwill | 23,525 | 24,425 | ||||||
Total assets | $ | 2,059,018 | $ | 2,028,176 | ||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||
Liabilities: | ||||||||
Accounts payable, accrued expenses and other | $ | 14,902 | $ | 22,011 | ||||
Accrued third party distribution expenses | 607 | 6,522 | ||||||
Deferred revenue | 263 | 222 | ||||||
Liabilities of consolidated investment products | ||||||||
Accounts payable and accrued expenses | 3,828 | 1,486 | ||||||
Other liabilities | 6,600 | 2,793 | ||||||
Deferred tax liability, net | 96,083 | 95,683 | ||||||
Due to affiliates | 7,806 | 11,597 | ||||||
Operating lease liability | 6,112 | 7,379 | ||||||
Total liabilities | 136,201 | 147,693 | ||||||
Commitments and contingencies (Note 11) | ||||||||
Redeemable noncontrolling interests | 1,573,332 | 1,540,312 | ||||||
Shareholders' equity | ||||||||
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | ||||||
Common stock; $0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares, net of treasury stock; 1 share at June 30, 2025 and December 31, 2024, respectively | 1,864 | 1,864 | ||||||
Additional paid-in capital | 39,243 | 39,243 | ||||||
Retained earnings | 308,378 | 299,064 | ||||||
Total shareholders' equity | 349,485 | 340,171 | ||||||
Total liabilities, noncontrolling interests, and shareholders' equity | $ | 2,059,018 | $ | 2,028,176 | ||||
Additional Information about our performance
The Company consolidates certain private funds in order for the consolidated financial statements to conform with generally accepted accounting principles. As a result, the assets and liabilities of the applicable consolidated funds are presented on the Company's consolidated statements of financial condition. Additionally, an amount that represents the Company's clients' interests in these consolidated private funds will be presented as redeemable noncontrolling interests on the Company's consolidated statements of financial condition. The investment income (losses), other income (losses) and the expenses of the consolidated investment products will be presented within the Company's consolidated statements of operations. Additionally, an amount that represents the net income attributable to redeemable noncontrolling interests as well as the net income (loss) attributable to Horizon Kinetics Holding Corporation will be presented on the Company's consolidated statement of operations.
Consolidated Investment Products ("CIPs") consist of certain private investment funds which are sponsored by the Company. The Company has no right to the CIPs' assets, other than its direct equity investments in them and investment management and other fees earned from them. The liabilities of the CIPs have no recourse to the Company's assets beyond the level of its direct investment, therefore the Company bears no other risks associated with the CIPs' liabilities.
As indicated in the additional information presented in the tables below there are several notable presentational differences as a result of the consolidation of the CIPs:
Management and advisory fees from CIPs, including incentive fees, are eliminated from consolidated revenues. Accordingly, our presentation without the CIPs reflects an increased revenue growth to $20.5 million, a 59% increase from the second quarter of 2024.
The presentation of Operating income without the CIPs includes the revenues to the advisor and excludes the line item expenses of consolidated investment products. Management views this operating measure as a useful tool because it is prior to the impact of various fair value measurements of investments and digital assets, which can be volatile from quarter to quarter.
The equity in earnings of private funds which results primarily from CIPs are eliminated from the consolidated presentation as that activity is included within the investment results of the CIPs. Accordingly, our presentation without the CIPs reflects an increased level of equity earnings that presents an increase in the value of our holdings within the CIPs.
Stockholders' equity and net income attributable to Horizon Kinetics Holding Corporation are not impacted by the consolidation process.
The Statement of Financial Condition without the consolidation of private funds presents lower total assets as a result of excluding the total assets held by the CIPs as well as the associated redeemable noncontrolling interests, which represents our clients' interests in these funds. A portion of the total assets held by private funds continues to relate to $254.5 million of economic interests held by Horizon Kinetics Holding Corporation, which is reflected in Other Investments in the presentation below.
HORIZON KINETICS HOLDING CORPORATION
Statements of Operations (Unaudited)
(in thousands)
(Advisor only: without consolidation of private funds) | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 20,534 | $ | 12,886 | $ | 41,679 | $ | 26,801 | ||||||||
Other income and fees | 963 | 119 | 1,857 | 264 | ||||||||||||
Total revenue | 21,497 | 13,005 | 43,536 | 27,065 | ||||||||||||
Operating expenses: | ||||||||||||||||
Compensation, related employee benefits, and cost of goods sold | 8,384 | 6,338 | 17,951 | 12,684 | ||||||||||||
Sales, distribution and marketing | 4,441 | 2,719 | 8,897 | 4,909 | ||||||||||||
Depreciation and amortization | 342 | 460 | 841 | 919 | ||||||||||||
General and administrative expenses | 2,980 | 2,030 | 5,894 | 4,690 | ||||||||||||
Impairment of goodwill | 900 | - | 900 | - | ||||||||||||
Expenses of consolidated investment products | - | - | - | - | ||||||||||||
Total operating expenses | 17,047 | 11,547 | 34,483 | 23,202 | ||||||||||||
Operating income | 4,450 | 1,458 | 9,053 | 3,863 | ||||||||||||
Other income (expense): | ||||||||||||||||
Equity in earnings of proprietary funds, net | (7,290 | ) | 4,906 | 6,639 | 35,476 | |||||||||||
Interest and dividends | 454 | 181 | 945 | 370 | ||||||||||||
Other income (expense) | (190 | ) | - | (241 | ) | - | ||||||||||
Investment and other income (losses) of consolidated investment products, net | - | - | - | - | ||||||||||||
Interest and dividend income of consolidated investment products | - | - | - | - | ||||||||||||
Unrealized (loss) gain on digital assets, net | 3,428 | (1,343 | ) | 1,649 | 2,707 | |||||||||||
Realized gain on investments, net | (2 | ) | 127 | 2,197 | 319 | |||||||||||
Unrealized gain (loss) on investments net | (15,422 | ) | 8,943 | (1,689 | ) | 13,622 | ||||||||||
Total other income (expense), net | (19,022 | ) | 12,814 | 9,500 | 52,494 | |||||||||||
Income before provision for income taxes | (14,572 | ) | 14,272 | 18,553 | 56,357 | |||||||||||
Income tax (expense) benefit | 4,083 | (234 | ) | (6,201 | ) | (1,478 | ) | |||||||||
Net income | $ | (10,489 | ) | $ | 14,038 | $ | 12,352 | $ | 54,879 | |||||||
Less: net income attributable to redeemable noncontrolling interests | - | - | - | - | ||||||||||||
Net income Attributable to Horizon Kinetics Holding Corporation | $ | (10,489 | ) | $ | 14,038 | $ | 12,352 | $ | 54,879 | |||||||
Basic and diluted net income per common share: | ||||||||||||||||
Net income | $ | (0.56 | ) | $ | 0.78 | $ | 0.66 | $ | 3.05 | |||||||
Weighted average shares outstanding: | ||||||||||||||||
Basic and diluted | 18,635 | 17,984 | 18,635 | 17,984 | ||||||||||||
Six Months Ended June 30, 2025 | ||||||||||||||||
Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||||||
Revenue: | ||||||||||||||||
Management and advisory fees | $ | 41,679 | $ | - | $ | (3,976 | ) | $ | 37,703 | |||||||
Other income and fees | 1,857 | - | 1,857 | |||||||||||||
Total revenue | 43,536 | - | (3,976 | ) | 39,560 | |||||||||||
Operating expenses: | ||||||||||||||||
Compensation, related employee benefits, and cost of goods sold | 17,951 | - | - | 17,951 | ||||||||||||
Sales, distribution and marketing | 8,897 | - | - | 8,897 | ||||||||||||
Depreciation and amortization | 841 | - | - | 841 | ||||||||||||
General and administrative expenses | 5,894 | - | (44 | ) | 5,850 | |||||||||||
Impairment of goodwill | 900 | - | - | 900 | ||||||||||||
Expenses of consolidated investment products | - | 1,268 | 44 | 1,312 | ||||||||||||
Total operating expenses | 34,483 | 1,268 | - | 35,751 | ||||||||||||
Operating income | 9,053 | (1,268 | ) | (3,976 | ) | 3,809 | ||||||||||
Other income (expense): | ||||||||||||||||
Equity in earnings of proprietary funds, net | 6,639 | - | (8,149 | ) | (1,510 | ) | ||||||||||
Interest and dividends | 945 | - | - | 945 | ||||||||||||
Other income (expense) | (241 | ) | - | - | (241 | ) | ||||||||||
Investment and other income (losses) of consolidated investment products, net | - | 54,734 | - | 54,734 | ||||||||||||
Interest and dividend income of consolidated investment products | - | 4,792 | - | 4,792 | ||||||||||||
Management fees of consolidated investment products | - | 3,758 | (3,758 | ) | - | |||||||||||
Unrealized (loss) gain on digital assets, net | 1,649 | - | - | 1,649 | ||||||||||||
Realized gain on investments, net | 2,197 | - | - | 2,197 | ||||||||||||
Unrealized gain (loss) on investments net | (1,689 | ) | - | - | (1,689 | ) | ||||||||||
Total other income (expense), net | 9,500 | 63,284 | (11,907 | ) | 60,877 | |||||||||||
Income (loss) before provision for income taxes | 18,553 | 62,016 | (15,883 | ) | 64,686 | |||||||||||
Income tax (expense) benefit | (6,201 | ) | - | - | (6,201 | ) | ||||||||||
Net income (loss) | $ | 12,352 | $ | 62,016 | $ | (15,883 | ) | $ | 58,485 | |||||||
Less: net income attributable to redeemable noncontrolling interests | - | (47,514 | ) | 1,381 | (46,133 | ) | ||||||||||
Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | 12,352 | $ | 14,502 | $ | (14,502 | ) | $ | 12,352 | |||||||
HORIZON KINETICS HOLDING CORPORATION
Statements of Financial Condition (Unaudited)
(in thousands)
(Advisor only: without consolidation of private funds) | ||||||||
June 30, | December 31, | |||||||
2025 | 2024 | |||||||
Assets | ||||||||
Cash and cash equivalents | $ | 38,854 | $ | 14,446 | ||||
Fees receivable | 8,982 | 59,047 | ||||||
Investments, at fair value | 89,963 | 91,435 | ||||||
Assets of consolidated investment products | ||||||||
Cash and cash equivalents | - | - | ||||||
Investments, at fair value | - | - | ||||||
Other assets | - | - | ||||||
Other Investments | 248,520 | 228,870 | ||||||
Operating lease right-of-use assets | 4,122 | 5,105 | ||||||
Property and equipment, net | 112 | 99 | ||||||
Prepaid expenses and other assets | 2,533 | 2,353 | ||||||
Due from affiliates | 13 | 34 | ||||||
Digital assets | 14,919 | 13,240 | ||||||
Intangible assets, net | 43,715 | 44,531 | ||||||
Goodwill | 23,525 | 24,425 | ||||||
Total Assets | $ | 475,258 | $ | 483,585 | ||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||
Liabilities: | ||||||||
Accounts payable, accrued expenses and other | $ | 14,902 | $ | 22,011 | ||||
Accrued third party distribution expenses | 607 | 6,522 | ||||||
Deferred revenue | 263 | 222 | ||||||
Liabilities of consolidated investment products | ||||||||
Accounts payable and accrued expenses | - | - | ||||||
Other liabilities | - | - | ||||||
Deferred tax liability, net | 96,083 | 95,683 | ||||||
Due to affiliates | 7,806 | 11,597 | ||||||
Operating lease liability | 6,112 | 7,379 | ||||||
Total Liabilities | 125,773 | 143,414 | ||||||
Commitments and contingencies | ||||||||
Redeemable Noncontrolling Interests | - | - | ||||||
Shareholders' Equity | ||||||||
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | ||||||
Common stock; $0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares, net of treasury stock; 1 share at June 30, 2025 and December 31, 2024, respectively | 1,864 | 1,864 | ||||||
Additional paid-in capital | 39,243 | 39,243 | ||||||
Retained earnings | 308,378 | 299,064 | ||||||
Total Shareholders' Equity | 349,485 | 340,171 | ||||||
Total Liabilities, Noncontrolling Interests, and Shareholders' Equity | $ | 475,258 | $ | 483,585 | ||||
June 30, 2025 | ||||||||||||||||
Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||||||
Assets | ||||||||||||||||
Cash and cash equivalents | $ | 38,854 | $ | - | $ | - | $ | 38,854 | ||||||||
Fees receivable | 8,982 | - | (1,666 | ) | 7,316 | |||||||||||
Investments, at fair value | 89,963 | - | - | 89,963 | ||||||||||||
Assets of consolidated investment products | ||||||||||||||||
Cash and cash equivalents | - | 33,604 | - | 33,604 | ||||||||||||
Investments, at fair value | - | 1,782,188 | (32,490 | ) | 1,749,698 | |||||||||||
Other assets | - | 26,871 | - | 26,871 | ||||||||||||
Other investments | 248,520 | - | (224,745 | ) | 23,775 | |||||||||||
Digital assets | 14,919 | - | - | 14,919 | ||||||||||||
Intangible assets, net | 43,715 | - | - | 43,715 | ||||||||||||
Goodwill | 23,525 | - | - | 23,525 | ||||||||||||
Other assets | 6,780 | - | (2 | ) | 6,778 | |||||||||||
Total assets | $ | 475,258 | $ | 1,842,663 | $ | (258,903 | ) | $ | 2,059,018 | |||||||
Liabilities, Noncontrolling Interests, and Shareholders' Equity | ||||||||||||||||
Liabilities: | ||||||||||||||||
Accounts payable, accrued expenses and other | $ | 14,902 | $ | - | $ | - | $ | 14,902 | ||||||||
Accrued third party distribution expenses | 607 | - | - | 607 | ||||||||||||
Deferred revenue | 263 | - | - | 263 | ||||||||||||
Liabilities of consolidated investment products | ||||||||||||||||
Accounts payable and accrued expenses | - | 3,830 | (2 | ) | 3,828 | |||||||||||
Due to affiliates | - | 1,731 | (1,731 | ) | - | |||||||||||
Other liabilities | - | 7,840 | (1,240 | ) | 6,600 | |||||||||||
Deferred tax liability, net | 96,083 | - | - | 96,083 | ||||||||||||
Due to affiliates | 7,806 | - | - | 7,806 | ||||||||||||
Operating lease liability | 6,112 | - | - | 6,112 | ||||||||||||
Total liabilities | 125,773 | 13,401 | (2,973 | ) | 136,201 | |||||||||||
Commitments and contingencies | ||||||||||||||||
Redeemable noncontrolling interests | - | 1,641,826 | (68,494 | ) | 1,573,332 | |||||||||||
Equity interests | 349,485 | 187,436 | (187,436 | ) | 349,485 | |||||||||||
Total liabilities, noncontrolling interests, and shareholders' equity | $ | 475,258 | $ | 1,842,663 | $ | (258,903 | ) | $ | 2,059,018 | |||||||
Non-GAAP Measures
In discussing financial results, the Company presented tables without the consolidation of certain private funds (also labeled "Advisor only") which is not in accordance with Generally Accepted Accounting Principles (GAAP). We use this non-GAAP financial measure internally to make operating and strategic decisions, including evaluating our overall performance and as a factor in determining compensation for certain employees. We believe presenting this non-GAAP financial measure provides additional information to facilitate comparison of our historical operating costs and their trends, and provides additional transparency on how we evaluate our financial condition and results of operations. We also believe presenting this measure allows investors to view our financial condition and results of operations using the same measure that we use in evaluating our performance and trends.
Note Regarding Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," "strategy," "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe", "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology.
Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's subsequent Quarterly Reports on Form 10-Q and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent filings with the Securities and Exchange Commission.
About Horizon Kinetics Holding Corporation
Horizon Kinetics Holding Corporation (OTCID:HKHC) primarily offers investment advisory services through its subsidiary Horizon Kinetics Asset Management LLC ("HKAM"), a registered investment adviser. HKAM provides independent proprietary research and investment advisory services for mainly long-only and alternative value-based investing strategies. The firm also obtained a portfolio of consumer products, which are marketed and distributed in the retail marketplace, as a result of its August 2024 merger with Scott's Liquid Gold-Inc. The firm's offices are located in New York City, White Plains, New York, and Summit, New Jersey. For more information, please visit http://www.hkholdingco.com.
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SOURCE: Horizon Kinetics Holding Corporation
Source: Horizon Kinetics Holding Corporation