Horizon Kinetics Holding (HKHC) Operating Expenses (2010 - 2026)
Horizon Kinetics Holding (HKHC) posted quarterly Operating Expenses of $22.6 million for Q1 2026, up 30.75% year-over-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.
- 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 for Q1 2026 stood at $22.6 million, up from $14.3 million in the prior quarter.
- The five-year high for Operating Expenses was $32.7 million in Q4 2024, with the low 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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 77.0% in 2023, then surged 932.32% in 2024.
- Horizon Kinetics Holding's Operating Expenses stood at $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 sank by 56.3% to $14.3 million in 2025, then jumped by 58.5% to $22.6 million in 2026.
- Business Quant data shows HKHC's Operating Expenses at $22.6 million in Q1 2026, $14.3 million in Q4 2025, and $14.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Horizon Kinetics Holding | 494.76 Mn | 355.09 Mn | - | 16.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.07 Mn |
| 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 |