Horizon Kinetics Holding Corporation (HKHC)

Horizon Kinetics Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating Revenue	69.87	55.49	46.85	59.98
Other Revenue	3.3	1.7	0.42	0.24
Revenue	73.17	57.18	47.26	60.22
Revenue Growth (YoY)	65.70%	20.98%	-21.52%	-
Cost of Revenue	43.85	38.58	26.85	27.68
Gross Profit	29.32	18.6	20.41	32.54
Selling, General & Admin	35	29.89	18.7	18.44
Operating Expenses	36.84	31.81	20.53	20.3
Operating Income	-7.52	-13.21	-0.12	12.25
Interest & Investment Income	614.47	862.83	107.99	0.75
Earnings From Equity Investments	2.3	6.04	-2.45	7.77
Other Non Operating Income (Expenses)	2.69	4	-0.67	0.25
EBT Excluding Unusual Items	611.95	859.65	104.76	21.01
Gain (Loss) on Sale of Investments	25.76	39.44	-15.65	18.15
Pretax Income	636.81	899.09	89.11	39.16
Income Tax Expense	109.01	104.28	-0.12	0.56
Earnings From Continuing Operations	527.8	794.81	89.23	38.6
Minority Interest in Earnings	-477.86	-702.34	-93.72	-
Net Income	49.95	92.47	-4.49	38.6
Net Income to Common	49.95	92.47	-4.49	38.6
Shares Outstanding (Basic)	19	18	18	-
Shares Outstanding (Diluted)	19	18	18	-
Shares Change (YoY)	3.32%	1.51%	-	-
EPS (Basic)	2.69	5.07	-0.25	-
EPS (Diluted)	2.69	5.07	-0.25	-
Free Cash Flow	4.84	11.79	25.38	19.06
Free Cash Flow Per Share	0.26	0.65	1.41	-
Dividend Per Share	0.053	0.053	-	-
Gross Margin	40.08%	32.53%	43.19%	54.04%
Operating Margin	-10.27%	-23.10%	-0.25%	20.33%
Profit Margin	68.26%	161.72%	-9.50%	64.09%
Free Cash Flow Margin	6.61%	20.62%	53.70%	31.65%
EBITDA	-5.67	-11.29	1.71	14.1
EBITDA Margin	-7.75%	-19.75%	3.62%	23.42%
D&A For EBITDA	1.84	1.92	1.83	1.86
EBIT	-7.52	-13.21	-0.12	12.25
EBIT Margin	-10.27%	-23.10%	-0.25%	20.33%
Effective Tax Rate	17.12%	11.60%	-	1.44%
Revenue as Reported	73.17	57.18	47.26	60.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.