Horizon Kinetics posts Q3 loss, declares dividend and $25 M buyback
Horizon Kinetics Holding Corp reported a third‑quarter net loss of $18.4 million, or $0.98 per share, for the period ended September 30, 2026. Management and advisory fees averaged $17.8 million per month, while ETF‑related revenue rose about 26% year‑over‑year. Assets under management were $10.0 billion, a 7.3% decline from the prior quarter but 3.9% higher than at the end of 2025. The board approved a cash dividend of $0.13 per share and authorized a $25 million share‑repurchase program.
Why it matters
The dividend and buyback program provide cash returns to shareholders and may support the stock price (the company said the program will be funded from cash and cash equivalents) (1). The quarterly loss, driven by unrealized investment declines, signals earnings pressure for the coming periods (2).
Key facts
- 1Management and advisory fees were $17.8 million for each month of the quarter. sec.gov
- 2ETF revenues grew roughly 26% versus the same quarter a year earlier. sec.gov
- 3Net loss for the quarter was $18.4 million, or $0.98 per common share. sec.gov
- 4Total revenue for the quarter was $18.03 million. tradingview.com
- 5Assets under management were $10.0 billion, down 7.3% from June 30, 2026 but up 3.9% from December 31, 2025. sec.gov
- 6The board declared a cash dividend of $0.13 per share and authorized a $25 million share‑repurchase program. sec.gov
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.