Growth Metrics

Horizon Kinetics Holding (HKHC) Operating Expenses (2016 - 2025)

Horizon Kinetics Holding has reported Operating Expenses over the past 16 years, most recently at $14.3 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 56.3% year-over-year to $14.3 million; the TTM value through Dec 2025 reached $65.0 million, down 8.43%, while the annual FY2025 figure was $61.8 million, 12.85% down from the prior year.
  • Operating Expenses for Q4 2025 was $14.3 million at Horizon Kinetics Holding, down from $14.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $32.7 million in Q4 2024 and troughed at $1.2 million in Q1 2023.
  • A 5-year average of $9.7 million and a median of $9.0 million in 2021 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: tumbled 77.0% in 2023 and later soared 932.32% in 2024.
  • Year by year, Operating Expenses stood at $6.5 million in 2021, then plummeted by 63.3% to $2.4 million in 2022, then soared by 405.95% to $12.2 million in 2023, then surged by 168.65% to $32.7 million in 2024, then plummeted by 56.3% to $14.3 million in 2025.
  • Business Quant data shows Operating Expenses for HKHC at $14.3 million in Q4 2025, $14.9 million in Q3 2025, and $17.3 million in Q2 2025.