Horizon Kinetics Holding (HKHC) Research & Development (2023 - 2026)

Horizon Kinetics Holding's (HKHC) quarterly Research & Development came in at $5.0 million in Q1 2026, up 20.04% year-on-year from $4.1 million in Q1 2025, and up 35.7% quarter-over-quarter from $3.7 million in Q4 2025.

Horizon Kinetics Holding (HKHC) Research & Development (2023 - 2026) Analysis & Trends

Horizon Kinetics Holding's Research & Development history runs 4 years deep, the most recent figure standing at $5.0 million for Q1 2026.

  • On a quarterly basis, Research & Development rose 20.04% year-over-year to $5.0 million in Q1 2026; TTM through Mar 2026 was $16.8 million, a 19.99% decrease from a year earlier, with the FY2025 full-year figure at $15.7 million, down 17.76% from the prior year.
  • Research & Development improved to $5.0 million in Q1 2026 per HKHC's latest filing, from $3.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $11.2 million in Q4 2024 and bottomed at $2.2 million in Q1 2024.
  • The 4-year median for Research & Development is $3.7 million (2025), against an average of $4.1 million.
  • Across the five-year window, Research & Development soared 369.71% in 2024 and slumped 67.4% in 2025, its largest moves.
  • Year by year, Research & Development stood at $2.4 million in 2023, then surged by 369.71% to $11.2 million in 2024, then slumped by 67.4% to $3.7 million in 2025, then jumped by 35.7% to $5.0 million in 2026.
  • Per Business Quant, the three latest HKHC Research & Development figures stand at $5.0 million (Q1 2026), $3.7 million (Q4 2025), and $3.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Brookfield 1,268.83 Bn 1,224.24 Bn 18.56 Bn -
2 BlackRock 164.33 Bn 151.18 Bn - -
3 Blackstone 104.34 Bn 101.89 Bn - -
4 Brookfield Asset Management 76.36 Bn 75.31 Bn - -
5 Apollo Global Management 74.24 Bn 74.24 Bn -409.00 Mn -
6 State Street 51.38 Bn 51.38 Bn - 637.00 Mn
7 Ameriprise Financial 50.40 Bn 41.14 Bn 4.57 Bn -
8 Raymond James Financial 33.93 Bn 18.96 Bn - 75.00 Mn
9 Northern Trust 33.67 Bn 33.67 Bn - -
10 Horizon Kinetics Holding 517.12 Mn 367.24 Mn - 4.96 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.96 Mn
Dec 31, 2025 3.66 Mn
Sep 30, 2025 3.77 Mn
Jun 30, 2025 4.44 Mn
Mar 31, 2025 4.13 Mn
Dec 31, 2024 11.21 Mn
Sep 30, 2024 2.97 Mn
Jun 30, 2024 2.72 Mn
Mar 31, 2024 2.19 Mn
Dec 31, 2023 2.39 Mn
Sep 30, 2023 2.48 Mn