WESTWOOD HOLDINGS GROUP INC
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
WHG$18.55-0.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data and share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUES: | ||
| Advisory fees: | ||
| Asset-based | $17,731 | $16,817 |
| Trust fees | 5,429 | 5,113 |
| Other, net | 92 | 802 |
| Total revenues | 23,252 | 22,732 |
| EXPENSES: | ||
| Employee compensation and benefits | 14,501 | 14,711 |
| Sales and marketing | 760 | 628 |
| Westwood mutual funds | 897 | 721 |
| Information technology | 2,667 | 2,290 |
| Professional services | 1,613 | 1,489 |
| General and administrative | 2,882 | 2,901 |
| Gain from change in fair value of contingent consideration | — | (2,949) |
| Total expenses | 23,320 | 19,791 |
| Net operating income (loss) | (68) | 2,941 |
| Net investment income | 383 | 455 |
| Other income | 277 | 185 |
| Income before income taxes | 592 | 3,581 |
| Income tax provision | 115 | 1,415 |
| Net income | $477 | $2,166 |
| Less: income (loss) attributable to noncontrolling interest | (1) | (130) |
| Income attributable to Westwood Holdings Group, Inc. | $478 | $2,296 |
| Earnings per share: | ||
| Basic | $0.06 | $0.28 |
| Diluted | $0.05 | $0.27 |
| Weighted average shares outstanding: | ||
| Basic | 8,253,912 | 8,099,028 |
| Diluted | 8,781,743 | 8,392,496 |
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