Horizon Kinetics Q2 Loss Widens to $18.4M; Declares $0.13 Dividend
HKHC sits 22% above its 52-week low of $22.51.
Summary
Horizon Kinetics reported a wider Q2 net loss of $18.4 million ($0.99/share) but declared a $0.13 dividend and grew AUM 12.1% to $10.8 billion.
Key Events · Earnings and Guidance · HKHC
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Q2 Net Loss Widens
Net loss attributable to HKHC was $18.4 million, or $0.99 per share, compared to a $10.5 million loss in Q2 2025.
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Dividend Declared
Board declared a $0.13 per share cash dividend, payable September 10, 2026 to shareholders of record August 26, 2026.
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AUM Grows 12.1%
Assets under management reached $10.8 billion as of June 30, 2026, up from $9.6 billion at year-end 2025, driven by a 52% YTD increase in Texas Pacific Land Corp.
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Revenue Mix Shifts
Management and advisory fees were flat at $18.8 million; ETF revenues rose 30% and SMA revenues rose 8.6%, offset by a 17% decline in mutual fund revenues.
Analysis · HKHC · Finance
Horizon Kinetics reported a Q2 net loss of $18.4 million, or $0.99 per share, widening from the prior year's $10.5 million loss. The loss was driven by a $113.5 million decline in investment income from consolidated investment products, partially offset by a $94.5 million allocation to redeemable noncontrolling interests. Despite the loss, the company declared a $0.13 per share dividend and grew AUM 12.1% to $10.8 billion, reflecting strong underlying asset growth in its ETFs and SMAs.
At the time of this filing, HKHC was trading at $27.36 on OTC in the Finance sector, with a market capitalization of approximately $509.9M. The 52-week trading range was $22.51 to $44.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.