8-K
Horizon Kinetics Holding Corp (HKHC)
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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): May 15, 2026 |
|---|
HORIZON KINETICS HOLDING CORPORATION
(Exact name of Registrant as Specified in Its Charter)
| Delaware | 001-13458 | 84-0920811 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |
| 470 Park Ave S. | ||
| New York, New York | 10016 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| Registrant’s Telephone Number, Including Area Code: (646) 291-2300 | ||
| --- |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On May 15, 2026, Horizon Kinetics Holding Corporation (the “Company”) issued a press release setting forth the Company’s financial information for the three months ended March 31, 2026. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated May 15, 2026 |
| 104 | Cover page interactive data file (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HORIZON KINETICS HOLDING CORPORATION | ||
|---|---|---|
| Date: | May 15, 2026 | /s/ Jay Kesslen |
| Jay Kesslen<br>General Counsel |
EX-99.1
EXHIBIT 99.1
HORIZON KINETICS HOLDING CORPORATION REPORTS FIRST QUARTER RESULTS
Highlights for the Quarter ended March 31, 2026:
- Management and advisory fee revenue of $18.3 million for the quarter ended March 31, 2026, a decrease of 3.7% from the first quarter of 2025.
- Incentive fees of $18.1 million earned from certain private funds resulting from the expiration of certain trading restrictions associated with their investments in Miami International Holdings (“MIAX”).
- Operating income (loss) was a loss of $4.3 million (GAAP presentation) and income of $17.1 million for the quarter ended March 31, 2026 (advisor only presentation).
- Other income of $85.5 million resulting from unrealized gains on investments and equity in earnings of private funds (advisor only presentation).
- Net income attributable to Horizon Kinetics Holding Corporation of $72.5 million, or $3.89 per common share for the three months ended March 31, 2026.
- Assets under management (“AUM”) grew to $11.4 billion as of March 31, 2026, an increase of 19% from December 31, 2025.
- Board of Directors declares a $0.127 per share dividend.
New York, NY – May 15, 2026
Horizon Kinetics Holding Corporation (the “Company” or “HKHC”) (OTCQX: HKHC) reported financial results for its first quarter of 2026.
The Company's management and advisory fee revenue decreased 3.7% for the first quarter of 2026 resulting from decreases at certain mutual funds, which were partially offset by increases in revenues at our Inflation Beneficiaries ETF ("INFL"). The Company also benefited from incentive fees of $18.1 million earned from private funds during the quarter ended March 31, 2026 resulting from the expiration of certain trading restrictions associated with their investments in MIAX. The economic benefit of these incentive fees is reflected as a lower attribution to redeemable noncontrolling interests in the consolidated financial statements and management and advisory fees in the supplemental "Advisor only" presentation.
The Company's AUM increased to $11.4 billion, or 19%, during the quarter due primarily to the increase in market value of Texas Pacific Land Corporation ("TPL"), which itself increased 65% during the quarter. The impact of the TPL increase was partially offset by decreases in bitcoin related holdings such as Grayscale Bitcoin Trust ("GBTC"), which decreased 23%, and net outflows for the quarter. The outflows were primarily related to redemptions associated with private funds holding MIAX, which were generally expected to see redemptions following the expiration of restrictions.
The Company’s operating expenses included higher commissions and other costs of $6.1 million that were specific to the incremental incentive fees received this quarter.
The first quarter benefited from $192.5 million of investment income held within the Company's consolidated investment products. Our clients' interests in these amounts are reflected in the redeemable noncontrolling interests, which were $135.7 million for the three months ended March 31, 2026.
HKHC shareholders also benefited from $45.6 million of equity in earnings of private funds, net, and $36.2 million of unrealized net gains from investments for the three months ended March 31, 2026. These gains were partially offset by the unrealized losses of $2.8 million for the three months ended March 31, 2026 from its digital asset holdings.
On May 14, 2026, the Company's Board of Directors declared a cash dividend of $0.127 per share, payable on June 17, 2026, to shareholders of record as of the close of business on May 27, 2026.
Conference Call
Peter Doyle and Steve Bregman, Co-Chief Executive Officers, and Mark Herndon, Chief Financial Officer, will host a conference call on Tuesday, May 19, 2026 at 4:15 pm EDT. You may register for the conference call by clicking on the following link:
Tuesday, May 19, 2026 4:15 pm ET
Online Webinar: REGISTER HERE
Phone Access: +1 (415) 655-0052 Access Code: 625-433-372
Only online participants can submit questions during the Webinar.
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Operations
(in thousands)
| Three Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | |||||
| Revenue: | ||||||
| Management and advisory fees | $ | 18,204 | $ | 18,908 | ||
| Other income and fees | 89 | 115 | ||||
| Total revenue | 18,293 | 19,023 | ||||
| Operating expenses: | ||||||
| Compensation and related employee benefits | 14,199 | 9,109 | ||||
| Sales, distribution and marketing | 4,960 | 4,132 | ||||
| Depreciation and amortization | 198 | 437 | ||||
| General and administrative expenses | 2,545 | 2,531 | ||||
| Expenses of consolidated investment products | 723 | 1,095 | ||||
| Total operating expenses | 22,625 | 17,304 | ||||
| Operating income (loss) | (4,332 | ) | 1,719 | |||
| Other income (expense): | ||||||
| Equity earnings, net | 10,289 | 3,051 | ||||
| Interest and dividends | 407 | 491 | ||||
| Other income (expense) | 5,866 | (51 | ) | |||
| Investment and other income (losses) of consolidated investment products, net | 190,806 | 70,267 | ||||
| Interest and dividend income of consolidated investment products | 1,649 | 2,904 | ||||
| Unrealized (loss) gain on digital assets, net | (2,831 | ) | (1,779 | ) | ||
| Realized gain on investments, net | 358 | 2,199 | ||||
| Unrealized gain (loss) on investments net | 36,153 | 13,734 | ||||
| Total other income (expense), net | 242,697 | 90,816 | ||||
| Income (loss) from continuing operations before provision for income taxes | 238,365 | 92,535 | ||||
| Income tax (expense) benefit | (30,113 | ) | (10,371 | ) | ||
| Income (loss) from continuing operations, net of tax | 208,252 | 82,164 | ||||
| Income (loss) from discontinued operations, net of tax | - | (327 | ) | |||
| Net income | $ | 208,252 | $ | 81,837 | ||
| Less: net income attributable to redeemable noncontrolling interests | (135,720 | ) | (58,996 | ) | ||
| Net income attributable to Horizon Kinetics Holding Corporation | $ | 72,532 | $ | 22,841 | ||
| Basic and diluted net income per common shares: | ||||||
| Net income from continuing operations | $ | 3.89 | $ | 1.25 | ||
| Net (loss) from discontinued operations | $ | - | $ | (0.02 | ) | |
| Net income attributable to Horizon Kinetics Holding Corporation | $ | 3.89 | $ | 1.23 | ||
| Weighted average shares outstanding: | ||||||
| Basic and diluted | 18,635 | 18,635 |
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Financial Condition
(in thousands)
| December 31, | |||
|---|---|---|---|
| 2025 | |||
| Assets | |||
| Cash and cash equivalents | 36,738 | $ | 36,884 |
| Fees receivable, net | 8,210 | 6,575 | |
| Investments, at fair value | 113,140 | 76,535 | |
| Assets of consolidated investment products | |||
| Cash and cash equivalents | 41,863 | 45,493 | |
| Investments, at fair value | 1,898,360 | 1,708,395 | |
| Other assets | 9,622 | 9,517 | |
| Other investments | 36,456 | 21,032 | |
| Operating lease right-of-use assets | 5,822 | 6,382 | |
| Property and equipment, net | 980 | 395 | |
| Prepaid expenses and other assets | 9,162 | 8,603 | |
| Due from affiliates | 7 | 10 | |
| Digital assets | 9,687 | 12,509 | |
| Intangible assets, net | 40,924 | 41,108 | |
| Goodwill | 23,373 | 23,373 | |
| Total assets | 2,234,344 | $ | 1,996,811 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||
| Liabilities: | |||
| Accounts payable, accrued expenses and other | 18,611 | $ | 12,149 |
| Accrued third party distribution expenses | 642 | 578 | |
| Deferred revenue | 60 | 66 | |
| Liabilities of consolidated investment products | |||
| Accounts payable and accrued expenses | 166,785 | 1,596 | |
| Other liabilities | 3,286 | 735 | |
| Deferred tax liability, net | 94,274 | 66,345 | |
| Due to affiliates | 8,541 | 7,689 | |
| Operating lease liability | 7,603 | 8,248 | |
| Total liabilities | 299,802 | 97,406 | |
| Commitments and contingencies (Note 11) | |||
| Redeemable noncontrolling interests | 1,525,312 | 1,560,452 | |
| Shareholders' equity | |||
| Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | |
| Common stock; 0.10 par value, 50,000 shares authorized; 18,635 shares issued and outstanding, net of 1 share treasury stock at March 31, 2026 and December 31, 2025, respectively | 1,864 | 1,864 | |
| Additional paid-in capital | 39,243 | 39,243 | |
| Retained earnings | 368,123 | 297,846 | |
| Total shareholders’ equity | 409,230 | 338,953 | |
| Total liabilities, noncontrolling interests, and shareholders’ equity | 2,234,344 | $ | 1,996,811 |
All values are in US Dollars.
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 is 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, including incentive fees, from CIPs are eliminated from consolidated revenues. Accordingly, our presentation without the CIPs reflects an increased revenue growth to $38.9 million, an 84% increase from the first quarter of 2025.
The equity in earnings of private funds which results primarily from CIPs that 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 economic interests held by Horizon Kinetics Holding Corporation, which is reflected in Other Investments in the presentation below, which increased $69.2 million during the first quarter of 2026 due primarily to the performance of the CIPs.
HORIZON KINETICS HOLDING CORPORATION
Statements of Operations (Unaudited)
(in thousands)
| (Advisor only: without consolidation of private funds) | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended March 31, | ||||||
| 2026 | 2025 | |||||
| Revenue: | ||||||
| Management and advisory fees | $ | 38,944 | $ | 21,145 | ||
| Other income and fees | 89 | 115 | ||||
| Total revenue | 39,033 | 21,260 | ||||
| Operating expenses: | ||||||
| Compensation and related employee benefits | 14,199 | 9,109 | ||||
| Sales, distribution and marketing | 4,960 | 4,132 | ||||
| Depreciation and amortization | 198 | 437 | ||||
| General and administrative expenses | 2,545 | 2,567 | ||||
| Expenses of consolidated investment products | - | - | ||||
| Total operating expenses | 21,902 | 16,245 | ||||
| Operating income | 17,131 | 5,015 | ||||
| Other income (expense): | ||||||
| Equity in earnings of private funds, net | 45,561 | 13,930 | ||||
| Interest and dividends | 407 | 491 | ||||
| Other income (expense) | 5,866 | (51 | ) | |||
| 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 | (2,831 | ) | (1,779 | ) | ||
| Realized gain on investments, net | 358 | 2,199 | ||||
| Unrealized gain (loss) on investments net | 36,153 | 13,734 | ||||
| Total other income (expense), net | 85,514 | 28,524 | ||||
| Income before provision for income taxes | 102,645 | 33,539 | ||||
| Income tax (expense) benefit | (30,113 | ) | (10,371 | ) | ||
| Income (loss) from continuing operations, net of tax | 72,532 | 23,168 | ||||
| Income (loss) from discontinued operations, net of tax | - | (327 | ) | |||
| Net income (loss) | $ | 72,532 | $ | 22,841 | ||
| Less: net income attributable to redeemable noncontrolling interests | - | - | ||||
| Net income Attributable to Horizon Kinetics Holding Corporation | $ | 72,532 | $ | 22,841 | ||
| Basic and diluted net income per common shares: | ||||||
| Net income | $ | 3.89 | $ | 1.23 | ||
| Weighted average shares outstanding: | ||||||
| Basic and diluted | 18,635 | 18,635 |
| Three months ended March 31, 2026 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||
| Revenue: | ||||||||||||
| Management and advisory fees | $ | 38,944 | $ | - | $ | (20,740 | ) | $ | 18,204 | |||
| Other income and fees | 89 | - | - | 89 | ||||||||
| Total revenue | 39,033 | - | (20,740 | ) | 18,293 | |||||||
| Operating expenses: | ||||||||||||
| Compensation and related employee benefits | 14,199 | - | - | 14,199 | ||||||||
| Sales, distribution and marketing | 4,960 | - | - | 4,960 | ||||||||
| Depreciation and amortization | 198 | - | - | 198 | ||||||||
| General and administrative expenses | 2,545 | - | - | 2,545 | ||||||||
| Expenses of consolidated investment products | - | 704 | 19 | 723 | ||||||||
| Total operating expenses | 21,902 | 704 | 19 | 22,625 | ||||||||
| Operating income | 17,131 | (704 | ) | (20,759 | ) | (4,332 | ) | |||||
| Other income (expense): | ||||||||||||
| Equity in earnings of private funds, net | 45,561 | - | (35,272 | ) | 10,289 | |||||||
| Interest and dividends | 407 | - | - | 407 | ||||||||
| Other income (expense) | 5,866 | - | - | 5,866 | ||||||||
| Investment and other income (losses) of consolidated investment products, net | - | 190,806 | - | 190,806 | ||||||||
| Interest and dividend income of consolidated investment products | - | 1,649 | - | 1,649 | ||||||||
| Unrealized (loss) gain on digital assets, net | (2,831 | ) | - | - | (2,831 | ) | ||||||
| Realized gain on investments, net | 358 | - | - | 358 | ||||||||
| Unrealized gain (loss) on investments net | 36,153 | - | - | 36,153 | ||||||||
| Total other income (expense), net | 85,514 | 192,455 | (35,272 | ) | 242,697 | |||||||
| Income (loss) before provision for income taxes | 102,645 | 191,751 | (56,031 | ) | 238,365 | |||||||
| Income tax (expense) benefit | (30,113 | ) | - | - | (30,113 | ) | ||||||
| Net income (loss) | $ | 72,532 | $ | 191,751 | $ | (56,031 | ) | $ | 208,252 | |||
| Less: net income attributable to redeemable noncontrolling interests | - | (159,478 | ) | 23,758 | (135,720 | ) | ||||||
| Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | 72,532 | $ | 32,273 | $ | (32,273 | ) | $ | 72,532 |
HORIZON KINETICS HOLDING CORPORATION
Statements of Financial Condition (Unaudited)
(in thousands)
| December 31, | |||
| 2025 | |||
| Assets | |||
| Cash and cash equivalents | 36,738 | $ | 36,884 |
| Fees receivable | 9,877 | 8,154 | |
| Investments, at fair value | 113,140 | 76,535 | |
| Assets of consolidated investment products | |||
| Cash and cash equivalents | - | - | |
| Investments, at fair value | - | - | |
| Other assets | - | - | |
| Other investments | 289,242 | 220,065 | |
| Operating lease right-of-use assets | 5,822 | 6,382 | |
| Property and equipment, net | 980 | 395 | |
| Prepaid expenses and other assets | 9,162 | 8,603 | |
| Due from affiliates | 16 | 20 | |
| Digital assets | 9,687 | 12,509 | |
| Intangible assets, net | 40,924 | 41,108 | |
| Goodwill | 23,373 | 23,373 | |
| Total Assets | 538,961 | $ | 434,028 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||
| Liabilities: | |||
| Accounts payable, accrued expenses and other | 18,611 | $ | 12,149 |
| Accrued third party distribution expenses | 642 | 578 | |
| Deferred revenue | 60 | 66 | |
| Liabilities of consolidated investment products | |||
| Accounts payable and accrued expenses | - | - | |
| Other liabilities | - | - | |
| Deferred tax liability, net | 94,274 | 66,345 | |
| Due to affiliates | 8,541 | 7,689 | |
| Operating lease liability | 7,603 | 8,248 | |
| Total Liabilities | 129,731 | 95,075 | |
| 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, 50,000 shares authorized; 18,635 shares issued and outstanding, net of 1 share treasury stock at March 31, 2026 and December 31, 2025, respectively | 1,864 | 1,864 | |
| Additional paid-in capital | 39,243 | 39,243 | |
| Retained earnings | 368,123 | 297,846 | |
| Total Shareholders’ Equity | 409,230 | 338,953 | |
| Total Liabilities, Noncontrolling Interests, and Shareholders’ Equity | 538,961 | $ | 434,028 |
All values are in US Dollars.
| March 31, 2026 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | ||||||
| Assets | |||||||||
| Cash and cash equivalents | $ | 36,738 | $ | - | $ | - | $ | 36,738 | |
| Fees receivable, net | 9,877 | - | (1,667 | ) | 8,210 | ||||
| Investments, at fair value | 113,140 | - | - | 113,140 | |||||
| Assets of consolidated investment products | |||||||||
| Cash and cash equivalents | - | 41,863 | - | 41,863 | |||||
| Investments, at fair value | - | 1,898,360 | - | 1,898,360 | |||||
| Other assets | - | 9,622 | - | 9,622 | |||||
| Other investments | 289,242 | - | (252,786 | ) | 36,456 | ||||
| Operating lease right-of-use assets | 5,822 | - | - | 5,822 | |||||
| Property and equipment, net | 980 | - | - | 980 | |||||
| Prepaid expenses and other assets | 9,162 | - | - | 9,162 | |||||
| Due from affiliates | 16 | - | (9 | ) | 7 | ||||
| Digital assets | 9,687 | - | - | 9,687 | |||||
| Intangible assets, net | 40,924 | - | - | 40,924 | |||||
| Goodwill | 23,373 | - | - | 23,373 | |||||
| Total assets | $ | 538,961 | $ | 1,949,845 | $ | (254,462 | ) | $ | 2,234,344 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||||||||
| Liabilities: | |||||||||
| Accounts payable, accrued expenses and other | $ | 18,611 | $ | - | $ | - | $ | 18,611 | |
| Accrued third party distribution expenses | 642 | - | - | 642 | |||||
| Deferred revenue | 60 | - | - | 60 | |||||
| Liabilities of consolidated investment products | |||||||||
| Accounts payable and accrued expenses | - | 166,800 | (15 | ) | 166,785 | ||||
| Other liabilities | - | 4,947 | (1,661 | ) | 3,286 | ||||
| Deferred tax liability, net | 94,274 | - | - | 94,274 | |||||
| Due to affiliates | 8,541 | - | - | 8,541 | |||||
| Operating lease liability | 7,603 | - | - | 7,603 | |||||
| Total liabilities | 129,731 | 171,747 | (1,676 | ) | 299,802 | ||||
| Commitments and contingencies | |||||||||
| Redeemable noncontrolling interests | - | 1,570,085 | (44,773 | ) | 1,525,312 | ||||
| Equity interests | 409,230 | 208,013 | (208,013 | ) | 409,230 | ||||
| Total liabilities, noncontrolling interests, and shareholders’ equity | $ | 538,961 | $ | 1,949,845 | $ | (254,462 | ) | $ | 2,234,344 |
Non-GAAP Measures
In discussing financial results, the Company presented tables without the consolidation of certain private funds 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 (OTCQX: 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’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.
Investor Relations Contact:
ir@hkholdingco.com