v3.25.4
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total revenue $ 72,846 $ 55,808
Operating expenses:    
Compensation and related employee benefits 32,028 37,550
Sales, distribution and marketing 15,703 19,093
Depreciation and amortization 1,116 1,816
General and administrative expenses 10,174 10,090
Expenses of consolidated investment products 2,742 2,319
Total operating expenses 61,763 70,868
Operating income (loss) 11,083 (15,060)
Other income (expense):    
Equity earnings (losses), net (4,866) 6,037
Interest and dividends 2,375 1,714
Other income (expense) (1,185) (2,985)
Unrealized (loss) gain on digital assets, net (796) 6,984
Realized gain on investments, net 2,398 432
Unrealized gain (losses) on investments net (15,554) 41,329
Total other income (expense), net (27,002) 914,623
Income (loss) from continuing operations before income taxes (15,919) 899,563
Income tax (expense) benefit 23,219 (104,381)
Income (loss) from continuing operations, net of tax 7,300 795,182
Income (loss) from discontinued operations, net of tax (1,300) (371)
Net income (loss) 6,000 794,811
Less: net income attributable to redeemable noncontrolling interests (882) (702,339)
Net income (loss) attributable to Horizon Kinetics Holding Corporation $ 5,118 $ 92,472
Basic and diluted net income (loss) per common shares:    
Net income (loss) from continuing operations, basic $ 0.39 $ 43.56
Net income (loss) from continuing operations, diluted 0.39 43.56
Net income (loss) from discontinued operations, basic (0.07) (0.02)
Net income (loss) from discontinued operations, diluted (0.07) (0.02)
Net income (loss) attributable to Horizon Kinetics Holding Corporation, basic 0.27 5.07
Net income (loss) attributable to Horizon Kinetics Holding Corporation, diluted $ 0.27 $ 5.07
Weighted average shares outstanding:    
Basic 18,635 18,256
Diluted 18,635 18,256
Consolidated Investment Products    
Other income (expense):    
Interest and dividends $ 8,394 $ 20,377
Other income (expense) (17,768) 840,735
Management and Advisory Fees    
Total revenue 72,388 55,486
Other Income and Fees    
Total revenue $ 458 $ 322