Horizon Kinetics Holding Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	78.6	82.38	58.75	69.59	8.81
Cash & Short-Term Investments	78.6	82.38	58.75	69.59	8.81
Cash Growth	22.05%	40.21%	-15.58%	689.59%	-
Accounts Receivable	8.21	6.58	8.34	3.3	9.76
Other Receivables	0.01	0.01	0.03	2.66	0.24
Receivables	8.22	6.59	8.37	5.96	12.31
Prepaid Expenses	9.16	8.6	1.73	1.88	1.34
Other Current Assets	9.62	9.52	23.61	19.9	0.51
Total Current Assets	105.6	107.08	92.46	97.34	22.98
Property, Plant & Equipment	6.8	6.78	5.2	5.85	7.53
Long-Term Investments	2,048	1,806	1,852	948.05	53.3
Goodwill	23.37	23.37	23.37	19.27	19.27
Other Intangible Assets	50.61	53.62	55.41	45.71	47.28
Other Long-Term Assets	-	-	-	-	98.16
Total Assets	2,234	1,997	2,028	1,116	248.51
Accounts Payable	185.4	13.75	23.03	9.68	3.84
Accrued Expenses	0.64	0.58	6.52	1.02	1.42
Current Portion of Leases	2.41	3.12	-	-	-
Total Current Liabilities	188.44	17.45	29.56	10.7	5.26
Long-Term Leases	5.2	5.12	7.38	7.28	9.27
Long-Term Unearned Revenue	0.06	0.07	0.22	0.07	0.06
Long-Term Deferred Tax Liabilities	94.27	66.35	95.68	0.62	1.14
Other Long-Term Liabilities	11.83	8.42	14.85	10.13	9.59
Total Liabilities	299.8	97.41	147.69	28.8	25.31
Common Stock	1.86	1.86	1.86	1.8	223.2
Additional Paid-In Capital	39.24	39.24	39.24	-	-
Retained Earnings	368.12	297.85	299.06	207.29	-
Total Common Equity	409.23	338.95	340.17	209.09	223.2
Minority Interest	1,525	1,560	1,540	878.33	-
Shareholders' Equity	1,935	1,899	1,880	1,087	223.2
Total Liabilities & Equity	2,234	1,997	2,028	1,116	248.51
Total Debt	7.6	8.25	7.38	7.28	9.27
Net Cash (Debt)	184.14	150.66	142.81	99.93	52.84
Net Cash Growth	12.97%	5.50%	42.90%	89.13%	-
Net Cash Per Share	9.88	8.09	7.82	5.56	-
Filing Date Shares Outstanding	18.64	18.64	18.63	17.98	-
Total Common Shares Outstanding	18.64	18.64	18.63	17.98	-
Working Capital	-82.84	89.64	62.91	86.64	17.72
Book Value Per Share	21.96	18.19	18.26	11.63	-
Tangible Book Value	335.25	261.96	261.39	144.11	156.65
Tangible Book Value Per Share	17.99	14.06	14.03	8.01	-
Machinery	-	-	-	-	0.79
Leasehold Improvements	-	-	-	-	1.39