Horizon Kinetics Holding (HKHC) Operating Expenses (2010 - 2026)
Horizon Kinetics Holding's (HKHC) quarterly Operating Expenses came in at $22.6 million in Q1 2026, up 30.75% year-on-year from $17.3 million in Q1 2025, and up 58.5% quarter-over-quarter from $14.3 million in Q4 2025.
Horizon Kinetics Holding (HKHC) Operating Expenses (2010 - 2026) Analysis & Trends
Horizon Kinetics Holding's Operating Expenses history runs 17 years deep, the most recent figure standing at $22.6 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 30.75% year-over-year to $22.6 million in Q1 2026; TTM through Mar 2026 was $69.1 million, a 9.15% decrease from a year earlier, with the FY2025 full-year figure at $61.8 million, down 12.85% from the prior year.
- Operating Expenses rose to $22.6 million in Q1 2026 per HKHC's latest filing, from $14.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $32.7 million in Q4 2024 and bottomed at $1.2 million in Q1 2023.
- The 5-year median for Operating Expenses is $12.2 million (2023), against an average of $11.5 million.
- Across the five-year window, Operating Expenses sank 77.0% in 2023 and surged 932.32% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $2.4 million in 2022, then jumped by 405.95% to $12.2 million in 2023, then soared by 168.65% to $32.7 million in 2024, then plunged by 56.3% to $14.3 million in 2025, then surged by 58.5% to $22.6 million in 2026.
- Per Business Quant, the three latest HKHC Operating Expenses figures stand at $22.6 million (Q1 2026), $14.3 million (Q4 2025), and $14.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Horizon Kinetics Holding | 521.78 Mn | 1.90 Bn | - | 22.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.63 Mn |
| Dec 31, 2025 | 14.27 Mn |
| Sep 30, 2025 | 14.94 Mn |
| Jun 30, 2025 | 17.26 Mn |
| Mar 31, 2025 | 17.30 Mn |
| Dec 31, 2024 | 32.66 Mn |
| Sep 30, 2024 | 13.98 Mn |
| Jun 30, 2024 | 12.11 Mn |
| Mar 31, 2024 | 12.20 Mn |
| Dec 31, 2023 | 12.16 Mn |
| Sep 30, 2023 | 11.47 Mn |
| Jun 30, 2023 | 1.27 Mn |
| Mar 31, 2023 | 1.18 Mn |
| Dec 31, 2022 | 2.40 Mn |
| Sep 30, 2022 | 1.49 Mn |
| Jun 30, 2022 | 5.51 Mn |
| Mar 31, 2022 | 2.64 Mn |
| Dec 31, 2021 | 6.55 Mn |
| Sep 30, 2021 | 3.80 Mn |
| Jun 30, 2021 | 4.55 Mn |