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| 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 |