Horizon Kinetics Holding Corp (OTCPK:HKHC)

Q3 2025 Horizon Kinetics Holding Corp Earnings Call Transcript

Nov 18, 2025 / 09:15 PM GMT

Release Date Price: $29.75 (-2.30%)

Transcript 10-Q8-K

Key Points

Positve

Horizon Kinetics Holding Corp (HKHC) reported a 37% increase in quarterly revenues compared to the same period last year, reaching $17.9 million.
Year-to-date revenues for 2025 have increased by 49% compared to 2024, totaling $55.8 million.
The company has no third-party debt and maintains substantial cash and investments, enhancing financial stability.
A 49% increase in the quarterly dividend was declared, reflecting strong financial performance and shareholder returns.
The launch of new ETFs, including a Japan owner-operated ETF and a blockchain development ETF, indicates strategic growth and diversification efforts.

Negative

The company experienced $10.1 million in unrealized losses related to investment securities and equity holdings, highlighting potential volatility.
The largest expense for HKHC is sales and distribution marketing, which could impact profitability if not managed effectively.
The company's exposure to TPL stock remains significant, which could pose a risk if market conditions change unfavorably.
The drop in Landbridge stock following a stock offering raises concerns about market perception and potential overvaluation.
The company's reliance on performance fees could lead to cash flow challenges, as taxes are due before fees are realized.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HKHC.PK - Horizon Kinetics Holding Corp
Q3 2025 Horizon Kinetics Holding Corp Earnings Call
Nov 18, 2025 / 09:15PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
My name is Mark Herndon, Chief Financial Officer of Verizon Kinetics. We're pleased to have you join us for a call that will cover our results for the 3rd quarter of 2025.

But first, a reminder that today's presentation may include forward-looking statements. Reliance on forward-looking statements involves certain risks and uncertainties, including, but not limited to uncertainty about the future security evaluations or our performance. During the course of today's call, words such as expect, anticipate, believe, and intend may be used in our discussion of our goals or events in the future. Management cannot provide any assurances that future results will be described in our forward-looking statements.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.