WESTWOOD HOLDINGS GROUP INC

Listed Company

WHGCIK 0001165002NYSENon-AcceleratedSmaller ReportingInvestment AdviceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$97.76M

Net Income

$7.08M

Total Assets

$162.30M

Equity

$125.61M

Shares Out

8.91M

Op. Cash Flow

$18.92M

+ 13F Filer

Business

WESTWOOD HOLDINGS GROUP INC manages investment assets and provides fiduciary and wealth management services through its subsidiaries, including Westwood Management, Westwood Trust and Broadmark. It offers investment advisory and sub‑advisory services, mutual funds, exchange‑traded funds, separate accounts, commingled funds, private investment funds, managed investment solutions and trust, custodial and portfolio services. The company’s key operating segments comprise advisory/asset management (including tactical absolute return and multi‑asset strategies), wealth/trust services and strategic investments/ETF operations. It distributes products via institutional, intermediary/retail and wealth management channels primarily in the United States.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Other Revenue, Net	346,000	2	534,000	−708,000	−339,000
Total revenues	98	95	90	69	73
Employee compensation and benefits	57	56	53	40	43
Amortization of intangible assets	4	4	4	2	2
Unrealized Gain (Loss) on Investments	2	0	6,000	−1	−2
Net interest and dividend revenue	2	2	1	266,000	868,000
Other Income	1	1	6	907,000	602,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	10	4	13	−5	14
Provision for income taxes	3	2	3	−567,000	4
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	7	2	11	−5	10
Basic (in dollars per share)	0.84	0.27	1.2	−0.59	1.24
Diluted (in dollars per share)	0.79	0.26	1.17	−0.59	1.23
Sales and marketing	3	3	3	2	1
Westwood funds expense	4	3	3	—	—
Information technology	11	10	10	8	8
Professional services	7	5	5	5	4
General and administrative	11	12	13	9	8
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized	0	0	209,000	7	—
Operating Expenses	93	94	84	74	67
Operating Income (Loss)	5	830,000	6	−5	6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	19,000	−4,000	1	—	—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	7	2	10	−5	10
Foreign Currency Transaction Gain (Loss), before Tax	0	5	3	0	0
Net income	7	2	11	−5	10
Other comprehensive income (loss)	—	—	994,000	—	—
Basic (in shares)	8	8	8	8	8
Diluted (in shares)	9	9	8	8	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	26	19	20	24	15
Accounts Receivable, after Allowance for Credit Loss	17	14	14	14	11
Investments, at fair value	21	28	33	15	65
Investments under fair value measurement alternative	16	11	7	—	—
Prepaid Taxes	0	295,000	205,000	446,000	233,000
Other Assets	8	7	6	—	—
Equity Method Investments	4	4	4	7	0
Goodwill	40	40	40	36	16
Deferred income taxes	2	2	726,000	—	—
Intangible assets, net	18	22	25	29	12
Property and equipment, net of accumulated depreciation of $_,___ and $10,078	536,000	951,000	1	2	2
Assets	162	150	155	146	140
Accounts payable and accrued liabilities	8	6	6	6	3
Dividends payable	3	2	2	—	—
Compensation and benefits payable	14	11	10	9	10
Asset Acquisition, Contingent Consideration, Liability	0	5	10	13	—
Total liabilities	36	28	33	36	22
Common stock, $0.01 par value, authorized 25,000,000 shares, issued 11,___,___ and 11,856,737, respectively and outstanding 9,___,___ and 9,140,760, respectively	124,000	122,000	119,000	115,000	107,000
Additional paid-in capital	206	202	202	200	195
Treasury stock, at cost 2,___,___ and 2,715,977, respectively	−90	−88	−86	−85	−82
Retained earnings (accumulated deficit)	9	6	5	−4	4
Total Westwood Holdings Group, Inc. stockholders equity	126	120	120	111	118
Noncontrolling Interest	1	2	2	—	—
Stockholders' Equity, Total	127	122	122	111	—
Total liabilities and stockholders equity	162	150	155	146	140
Operating Lease, Right-of-Use Asset	10	3	4	5	5
Operating Lease, Liability	10	3	5	6	6
Operating Lease, Liability, Current	10	3	5	2	1
Taxes Payable	1	0	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	501,000	602,000	670,000	687,000	750,000
Net change in unrealized appreciation on investments	−2	−790,000	−839,000	2	2
Stock-based compensation expense	5	6	7	6	6
Deferred income taxes	−208,000	−2	1	−916,000	620,000
Gain (Loss) on Sale of Assets and Asset Impairment Charges	0	0	69,000	0	0
Gain (Loss) on Sale of Leased Assets, Net, Operating Leases	0	0	−119,000	0	—
Fair Value, Option, Changes in Fair Value, Gain (Loss)	0	5	−3	0	—
Insurance proceeds	0	0	−5	0	—
Gain on asset disposition	1	1	1	1	1
Net (purchases) sales of investments investments at fair value	6	6	−17	49	5
Accounts receivable	−2	−59,000	135,000	−313,000	−2
Other assets	−720,000	−1	660,000	−2	189,000
Accounts payable and accrued liabilities	1	283,000	−447,000	1	1
Compensation and benefits payable	3	1	851,000	−861,000	2
Income taxes receivable and payable	2	−90,000	241,000	−687,000	2
Operating lease liabilities	−1	−1	−1	−1	−2
Sale of investments	0	0	741,000	33	—
Proceeds from Insurance Settlement, Investing Activities	0	0	5	0	—
Purchases of investments	−3	−4	0	0	−15,000
Payments to Acquire Investments	−86,000	109,000	147,000	320,000	178,000
Purchases of treasury stock	0	−1	0	−3	−3
Restricted stock returned for payment of taxes	−1	−939,000	−862,000	−627,000	−884,000
Other Payments to Acquire Businesses	−201,000	−10	0	0	—
Cash dividends	−5	−5	−6	−6	−23
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	−438,000	—	—	—	—
Payments to Acquire Additional Interest in Subsidiaries	−515,000	—	—	—	—
Net increase (decrease) in cash and cash equivalents	7	−2	−3	9	2
Cash paid during the year for income taxes	1	3	2	2	2
Right-of-use assets obtained in exchange for operating lease liabilities	8	0	173,000	1	0
Accrued dividends	3	2	2	2	3
Payments to Acquire Intangible Assets	−449,000	−1	0	0	0
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	19	21	−1	51	19
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	−4	−5	4	−34	10
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	−8	−18	−6	−9	−27
Payment for Contingent Consideration Liability, Operating Activities	−4	—	—	—	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 452 positions

Reported AUM

$10.83B

Holdings

452

Top sector

$10.83B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$10.83B	100.0%

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