Horizon Kinetics Holding Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	72.39	55.49	46.85	59.98
Other Revenue	0.46	0.32	0.42	0.24
Revenue	72.85	55.81	47.26	60.22
Revenue Growth (YoY)	30.53%	18.08%	-21.52%	-
Cost of Revenue	32.03	37.55	26.85	27.68
Gross Profit	40.82	18.26	20.41	32.54
Selling, General & Admin	25.88	29.18	18.7	18.44
Operating Expenses	26.99	31	20.53	20.3
Operating Income	13.83	-12.74	-0.12	12.25
Interest & Investment Income	10.77	862.83	107.99	0.75
Earnings From Equity Investments	-4.87	6.04	-2.45	7.77
Other Non Operating Income (Expenses)	-1.98	4	-0.67	0.25
EBT Excluding Unusual Items	17.75	860.12	104.76	21.01
Gain (Loss) on Sale of Investments	-33.67	39.44	-15.65	18.15
Pretax Income	-15.92	899.56	89.11	39.16
Income Tax Expense	-23.22	104.38	-0.12	0.56
Earnings From Continuing Operations	7.3	795.18	89.23	38.6
Earnings From Discontinued Operations	-1.3	-0.37	-	-
Net Income to Company	6	794.81	89.23	38.6
Minority Interest in Earnings	-0.88	-702.34	-93.72	-
Net Income	5.12	92.47	-4.49	38.6
Net Income to Common	5.12	92.47	-4.49	38.6
Net Income Growth	-94.47%	-	-	-
Shares Outstanding (Basic)	19	18	18	-
Shares Outstanding (Diluted)	19	18	18	-
Shares Change (YoY)	2.08%	1.51%	-	-
EPS (Basic)	0.27	5.07	-0.25	-
EPS (Diluted)	0.27	5.07	-0.25	-
EPS Growth	-94.58%	-	-	-
Free Cash Flow	-43.38	11.79	25.38	19.06
Free Cash Flow Per Share	-2.33	0.65	1.41	-
Dividend Per Share	0.340	0.053	-	-
Dividend Growth	541.51%	-	-	-
Gross Margin	56.03%	32.72%	43.19%	54.04%
Operating Margin	18.98%	-22.83%	-0.25%	20.33%
Profit Margin	7.03%	165.70%	-9.50%	64.09%
Free Cash Flow Margin	-59.55%	21.12%	53.70%	31.65%
EBITDA	14.94	-10.82	1.71	14.1
EBITDA Margin	20.51%	-19.39%	3.62%	23.42%
D&A For EBITDA	1.12	1.92	1.83	1.86
EBIT	13.83	-12.74	-0.12	12.25
EBIT Margin	18.98%	-22.83%	-0.25%	20.33%
Effective Tax Rate	-	11.60%	-	1.44%
Revenue as Reported	72.85	55.81	47.26	60.22

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