Welcome to our dedicated page for Horizon Kinetics news (Ticker: HKHC), a resource for investors and traders seeking the latest updates and insights on Horizon Kinetics stock.
Horizon Kinetics Holding Corporation reports developments for a publicly traded asset-management holding company whose subsidiaries include Horizon Kinetics Asset Management LLC. Recurring updates cover management and advisory fee revenue, assets under management across separately managed accounts, ETFs, mutual funds and private funds, and the effect of investment strategies tied to holdings such as Texas Pacific Land Corporation and Grayscale Bitcoin Trust.
Company news also includes OTC market status, dividend declarations, shareholder voting matters, leadership succession and governance activity. Updates reference products such as the Paradigm Fund, Market Opportunity Fund, Small Cap Fund and Inflation Beneficiaries ETF when they affect fee revenue, fund flows or business performance.
FRMO Corp (OTC: FRMO) reported fiscal 2026 results for the year and quarter ended May 31, 2026. Full‑year revenue from consulting and advisory fees and other income was $4.3 million, down from $4.8 million in 2025, while fourth‑quarter consulting and advisory fees rose 76.3% to $1.7 million, largely tied to royalty participation with Horizon Kinetics Holding Corporation (HKHC).
Full‑year net income attributable to the Company was $2.9 million ($0.07 per diluted share), sharply lower than $100.5 million ($2.28 per diluted share) a year earlier, reflecting a major decline in other income to $23.5 million, including significantly lower unrealized gains from investments and digital assets. Fourth‑quarter net loss attributable to the Company widened to $45.6 million ($1.04 per diluted share), mainly linked to an equity security referred to as Investment A.
Despite earnings volatility, book value increased: total stockholders’ equity rose to $647.2 million from $626.1 million, and equity attributable to shareholders grew to $331.0 million, or $7.52 per share, versus $327.9 million, or $7.45 per share, at May 31, 2025. Total assets reached $747.3 million and total liabilities were $100.1 million, driven primarily by deferred tax liabilities and securities sold, not yet purchased.
FRMO reiterated that valuations of securities and digital assets may have changed after May 31, 2026, and it aims to expand its digital asset mining operations. The company will hold its 2026 Annual Meeting of Shareholders on September 10, 2026, at 2:30 p.m. Eastern Time at Vinson & Elkins in New York, with a simultaneous virtual meeting accessible via a unique 16‑digit control number for shareholders.
Horizon Kinetics Holding Corporation (OTCQX:HKHC) reported second quarter 2026 results with total revenue of $19.0 million, up 0.7% year over year. Management and advisory fees were $18.8 million, including a 30% increase in ETF revenues and an 8.6% increase from separately managed accounts, partially offset by a 17% decline in mutual fund revenues.
GAAP operating income was $3.0 million, while the advisor-only presentation showed operating income of $4.9 million. Net loss attributable to HKHC was $18.4 million, or $(0.99) per share, compared with a loss of $10.5 million a year earlier, largely driven by losses from private fund holdings, unrealized investment losses, and digital asset declines. Assets under management rose to $10.8 billion, up 12.1% year to date, mainly from gains in Texas Pacific Land Corporation, partly offset by weaker bitcoin-related holdings and expected redemptions in certain private funds. The board declared a $0.13 per share cash dividend, payable September 10, 2026.
Horizon Kinetics (OTC:HKHC) announced key investment leadership appointments to reinforce its long-term, value-focused strategy. Steven Bregman and Peter Doyle were named Co-Chief Investment Officers, while James Davolos became Director of Research and joined the investment oversight committee.
Horizon Kinetics will also maintain board-level influence in strategic holdings, with Peter Doyle joining the Texas Pacific Land Corporation board and Eric Sites joining the Miami International Holdings board, supporting alignment with long-term value creation.
Horizon Kinetics Holding (OTCQX:HKHC) reported Q1 2026 net income attributable to the company of $72.5 million, or $3.89 per share, versus $22.8 million a year earlier. GAAP management and advisory fee revenue was $18.3 million, down 3.7% year over year.
Advisor-only management and advisory fees were $38.9 million, up 84% from Q1 2025, with $18.1 million of incentive fees tied to MIAX-related funds. AUM rose 19% during the quarter to $11.4 billion, driven mainly by Texas Pacific Land appreciation. The board declared a $0.127 per share cash dividend, payable June 17, 2026.
Texas Pacific Land Corporation (NYSE: TPL) appointed Peter Doyle to its Board, effective May 6, 2026. Mr. Doyle is co-founder and co-CEO of Horizon Kinetics, TPL’s largest shareholder, and will join the Board’s strategic acquisitions committee. He will stand for re-election at the 2026 Annual Meeting.
Horizon Kinetics Holding Corporation (OTCQX:HKHC) announced the sudden passing of Chairman and CEO Murray Stahl on April 7, 2026.
Murray co-founded Horizon Kinetics in 1994 and helped build a public company with an approximate $600 million market capitalization and a debt-free balance sheet. The company named Steven Bregman and Peter Doyle as co-CEOs and formed a Founders' Committee including Tom Ewing to implement its succession plan and ensure leadership continuity.
Horizon Kinetics Holding Corporation (OTCQX:HKHC) reported 2025 results with revenues of $72.8 million, up $17.0 million (31%) year-over-year, and AUM of $9.6 billion at December 31, 2025. The board declared a $0.121 per share dividend payable March 31, 2026.
Advisor-only operating income was $21.4 million for 2025; net income attributable to HKHC was $5.1 million. The company recorded $15.6 million unrealized investment losses in 2025 versus $41.3 million gains in 2024.
Synteq Digital (HKHC) announced it has closed the acquisition of HMTech's operating assets and specialized repair facilities, plus two Texas data center sites with combined current and expansion capacity of up to 30MW. The deal expands Synteq into ASIC and GPU repair & refurbishment and forms a new GPU Repair and Refurbishment Division.
Majority consideration was settled in equity; HMTech management will join Synteq, and strategic real estate from Horizon Kinetics and FRMO was previously acquired to support scaling.
Synteq Digital (HKHC) has closed an acquisition of HMTech operating assets and two Texas data center sites, plus a prior strategic real estate purchase from Horizon Kinetics and FRMO.
The acquired HMTech assets include repair facilities and data center capacity with current and expansion capacity of up to 30MW. A majority of consideration was settled in equity, and HMTech leadership and staff will join Synteq to lead a new GPU Repair and Refurbishment Division.
Synteq Digital (HKHC) entered definitive agreements on Dec 15, 2025 to acquire key real estate assets from Horizon Kinetics and FRMO in an all-equity transaction, including a North Carolina data center of approximately 10MW capacity. Horizon Kinetics, with about $10.4 billion AUM, and FRMO will become shareholders on closing. Management said the transaction is the first phase of a strategic expansion to build Synteq's balance sheet, expand service capabilities, and grow its digital mining and high-performance computing footprint. The deal remains subject to customary closing conditions.