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
DateValue
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