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| Date | Value |
|---|---|
| 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 |