Horizon Kinetics Holding Corporation (HKHC) Q4 2025 Earnings Call Transcript

SA Transcripts159.01K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Horizon Kinetics Holding Corporation (HKHC) Q4 2025 Earnings Call March 17, 2026 4:15 PM EDT Company Participants Mark Herndon - Chief Financial OfficerMurray Stahl - Co-Founder, CEO, CIO & Chairman Presentation Mark HerndonChief Financial Officer Good afternoon everyone. Thank you for joining us for this call. My name is Mark Herndon, Chief Financial Officer of Horizon Kinetics. We're pleased to have you join us for our call that will cover our results for the fourth quarter and full year of 2025. But first, a reminder that today's presentation may include forward-looking statements. Reliance on forward-looking statements involve certain risks and uncertainties, including, but not limited to, uncertainty about the future security valuations or our performance. During the course of today's call, words such as expect, anticipate, believe, intend, may be used in our discussion of our goals or events in the future. Management cannot provide any assurance that future results will be described in our forward-looking statements. Furthermore, the statements made on this call apply only as of today. The information on this call should not be construed to be a recommendation to purchase or sell any particular security or investment fund. The opinions referenced on this call today are not intended to be a forecast of future events or a guarantee of future results. It should not be assumed that any of the security transactions referenced today have been or will be proved to be profitable, or that future investment decisions will be profitable or will equal or exceed the past performance of the investments. We encourage you to read our filings with the SEC on our Form 10-K as well as our other filings, which describe the risks and uncertainties associated with managing our business. The company does not assume any obligation to [ fund ] any forward-looking statements made today.