Horizon Kinetics Holding (HKHC) Operating Expenses (2010 - 2026)

Horizon Kinetics Holding (HKHC) recorded quarterly Operating Expenses of $22.6 million in Q1 2026, up 58.5% quarter-over-quarter from $14.3 million in Q4 2025, and up 30.75% on a YoY basis from $17.3 million in Q1 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.

  • In Q1 2026, Operating Expenses rose 30.75% year-over-year to $22.6 million; the TTM figure through Mar 2026 stood at $69.1 million (down 9.15% YoY), while the FY2025 annual figure was $61.8 million, down 12.85% from the prior year.
  • Operating Expenses was $22.6 million for Q1 2026 at Horizon Kinetics Holding, up from $14.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $32.7 million in Q4 2024 to a low of $1.2 million in Q1 2023.
  • Historically, Operating Expenses has averaged $11.5 million across 5 years, with a median of $12.2 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses sank 77.0% in 2023, then soared 932.32% in 2024.
  • A 5-year view of Operating Expenses shows it 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 slumped by 56.3% to $14.3 million in 2025, then surged by 58.5% to $22.6 million in 2026.
  • The last three Operating Expenses figures came in at $22.6 million (Q1 2026), $14.3 million (Q4 2025), and $14.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Horizon Kinetics Holding - - 13.33 Mn 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