Horizon Kinetics Holding Corporation (HKHC)
OTHER OTC:HKHC
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.56Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong underlying business momentum: AUM grew ~18.8% QoQ, a $72.5M GAAP net income driven by large fair-value gains, $18M in performance fees, a 65% surge in TPL stock, and a solid balance sheet with no third-party debt. Management acknowledged GAAP operating loss of $4.3M driven by accounting treatment and incentive-related costs, and emphasized that unrealized gains and incentive timing introduce quarter-to-quarter volatility. Leadership transition was framed as orderly with continuity of strategy and high employee engagement. Overall, positive operational and strategic developments outweigh the accounting-driven and timing-related challenges, though earnings remain somewhat volatile due to concentration and fair-value sensitivity.Company Guidance
Strong GAAP Net Income Driven by Unrealized Gains
Reported GAAP net income attributable to HKHC shareholders of $72.5 million ($3.89 per share) for Q1 2026, largely driven by mark-to-market gains and private fund earnings rather than recurring management fees.
Assets Under Management (AUM) Growth
AUM increased to $11.4 billion as of March 31, 2026, up from $9.6 billion at December 31, 2025, an increase of approximately 18.8% quarter-over-quarter, expanding the fee revenue base.
Material Performance Incentive Fees Recognized
Recorded $18 million of performance incentive fees in the quarter (in addition to GAAP revenues of $18.3 million); these fees resulted from expired trading restrictions related to MIAX and materially boosted adviser-only results.
Texas Pacific Land (TPL) Share Price Surge
TPL appreciated ~65% during Q1 2026, contributing a $36 million increase in the fair value of shares held directly by HKHC and roughly $46 million of private-fund-related equity/earnings impact, materially improving reported results.
Strong Balance Sheet and No Third-Party Debt
Company ended the quarter with $36.7 million of cash, $113 million in investment portfolio, $10 million in digital assets, roughly $200 million interest in consolidated private funds, and no third-party debt, providing strategic flexibility.
Dividend Declaration
Board declared a quarterly dividend of $0.127 per share to be paid June 17, 2026; trailing 12-month dividend declarations total $0.424 per share, signaling continued shareholder returns.
Strategic Positioning and Leadership Continuity
Management transition after Murray Stahl's passing emphasized continuity of value-oriented, strategic-investment approach; co-CEOs report increased strategic investments (royalties, exchanges, direct engagements) and strong employee engagement.
Horizon Kinetics Holding Corporation (HKHC) Earnings, Revenues Date & History
HKHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HKHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2026 | $28.02 | $28.25 | +0.84% |
Apr 01, 2026 | $33.00 | $32.98 | -0.05% |
Nov 13, 2025 | $30.27 | $29.48 | -2.62% |
Aug 12, 2025 | $37.65 | $38.09 | +1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Horizon Kinetics Holding Corporation (HKHC) report earnings?
Horizon Kinetics Holding Corporation (HKHC) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Horizon Kinetics Holding Corporation (HKHC) earnings time?
Horizon Kinetics Holding Corporation (HKHC) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HKHC EPS forecast?
Currently, no data Available