Earnings release
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HORIZON KINETICS Holding Corporation EXHIBIT 99.1 HORIZON KINETICS HOLDING CORPORATION REPORTS SECOND QUARTER RESULTS Highlights for the quarter ended June 30 , 2026 : • • • • Management and advisory fee revenues were $ 18.8 million for each of the three months ended June 30 , 2026 and 2025 . The 2026 period included a 30 % increase in revenues from the Company's exchange - traded funds ( ETFs ) . Management and advisory fee revenues also benefited from an increase in the number of new accounts during the quarter and year - to - date period , which helped second quarter 2026 revenues from separately managed accounts ( SMAs ) grow 8.6 % Operating income was $ 3.0 million ( GAAP presentation ) and $ 4.9 million ( advisor only presentation ) for the quarter ended June 30 , 2026 reflecting the Company's consistent core asset management operations . Net loss attributable to Horizon Kinetics Holding Corporation of $ 18.4 million , or $ 0.99 per common share for the three months ended June 30 , 2026 . Assets under management ( AUM ) grew to $ 10.8 billion as of June 30 , 2026 , an increase of 12.1 % from December 31 , 2025 . • Board of Directors declares a $ 0.13 per share dividend . New York , NY – August 13 , 2026 - Horizon Kinetics Holding Corporation ( the “ Company ” or “ HKHC ” ) ( OTCQX : HKHC ) reported financial results for its second quarter of 2026 . The Company's total revenues increased 0.7 % for the second quarter of 2026 resulting primarily from continued increases from our Inflation Beneficiaries ETF . The Company also reported increases in revenues from separately managed accounts ( 8.6 % ) and from its private funds , however these increases were generally offset by a 17 % decrease in revenues from our mutual funds . The Company's AUM was $ 10.8 billion , an increase of 12.1 % , during the year - to - date period due primarily to the increase in market value of Texas Pacific Land Corporation ( " TPL " ) , which itself increased 52 % year - to - date . The impact of the TPL increase was partially offset by decreases in bitcoin - related holdings such as Grayscale Bitcoin Trust , which decreased 33 % . The Company experienced net outflows for the year - to - date period primarily from redemptions resulting from the private funds holding Miami International Holdings , Inc. , which were generally expected due to the expiration of restrictions following its IPO during 2025 . The Company's total operating expenses increased $ 0.8 million , or 5.4 % , during the second quarter as a result of higher compensation resulting from certain 2025 headcount additions , other personnel costs and incremental office costs associated with the commencement of new office leases , including an overlapping lease term associated with our New York location . For the six months ended June 30 , 2026 , the Company benefited from $ 77.3 million of investment income held within the Company's consolidated investment products . Our clients ' interests in these amounts are reflected in the net income attributable to redeemable noncontrolling interests , which was $ 41.2 million for the six months ended June 30 , 2026 . As described in the advisor only presentation , HKHC shareholders experienced declines from a $ 21.2 million net loss from equity in earnings of private funds , $ 8.0 million of unrealized net losses from investments , and $ 1.4 million of unrealized net losses from digital asset holdings for the three months ended June 30 , 2026. These results partially offset significant unrealized gains during the first quarter and have resulted in total other income of $ 55.6 million for the six months ended June 30 , 2026 . On August 12 , 2026 , the Company's Board of Directors declared a cash dividend of $ 0.13 per share , payable on September 10 , 2026 , to shareholders of record as of the close of business on August 26 , 2026 .