Horizon Kinetics Holding Balance Sheet

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
Cash & Equivalents	82.38	58.75	69.59	8.81
Cash & Short-Term Investments	82.38	58.75	69.59	8.81
Cash Growth	40.21%	-15.58%	689.59%	-
Accounts Receivable	6.58	8.34	3.3	9.76
Other Receivables	0.01	0.03	2.66	0.24
Receivables	6.59	8.37	5.96	12.31
Prepaid Expenses	8.6	1.73	1.88	1.34
Other Current Assets	9.52	23.61	19.9	0.51
Total Current Assets	107.08	92.46	97.34	22.98
Property, Plant & Equipment	6.78	5.2	5.85	7.53
Long-Term Investments	1,806	1,852	948.05	53.3
Goodwill	23.37	23.37	19.27	19.27
Other Intangible Assets	53.62	55.41	45.71	47.28
Other Long-Term Assets	-	-	-	98.16
Total Assets	1,997	2,028	1,116	248.51
Accounts Payable	13.75	23.03	9.68	3.84
Accrued Expenses	0.58	6.52	1.02	1.42
Current Portion of Leases	3.12	-	-	-
Total Current Liabilities	17.45	29.56	10.7	5.26
Long-Term Leases	5.12	7.38	7.28	9.27
Long-Term Unearned Revenue	0.07	0.22	0.07	0.06
Long-Term Deferred Tax Liabilities	66.35	95.68	0.62	1.14
Other Long-Term Liabilities	8.42	14.85	10.13	9.59
Total Liabilities	97.41	147.69	28.8	25.31
Common Stock	1.86	1.86	1.8	223.2
Additional Paid-In Capital	39.24	39.24	-	-
Retained Earnings	297.85	299.06	207.29	-
Total Common Equity	338.95	340.17	209.09	223.2
Minority Interest	1,560	1,540	878.33	-
Shareholders' Equity	1,899	1,880	1,087	223.2
Total Liabilities & Equity	1,997	2,028	1,116	248.51
Total Debt	8.25	7.38	7.28	9.27
Net Cash (Debt)	150.66	142.81	99.93	52.84
Net Cash Growth	5.50%	42.90%	89.13%	-
Net Cash Per Share	8.09	7.82	5.56	-
Filing Date Shares Outstanding	18.64	18.63	17.98	-
Total Common Shares Outstanding	18.64	18.63	17.98	-
Working Capital	89.64	62.91	86.64	17.72
Book Value Per Share	18.19	18.26	11.63	-
Tangible Book Value	261.96	261.39	144.11	156.65
Tangible Book Value Per Share	14.06	14.03	8.01	-
Machinery	-	-	-	0.79
Leasehold Improvements	-	-	-	1.39

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