WESTWOOD HOLDINGS GROUP INC
For the period ended Sep 30, 2025. Filed Oct 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.
Sep 30, 2025 · Filed Oct 30, 2025
WHG$18.63+0.7%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except par value and share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $21,604 | $18,847 |
| Accounts receivable | 14,570 | 14,453 |
| Investments, at fair value (amortized cost of $18,354 and $26,788) | 19,729 | 27,694 |
| Investments under measurement alternative | 14,697 | 10,747 |
| Equity method investments | 4,263 | 4,250 |
| Income taxes receivable | — | 295 |
| Other assets | 7,647 | 6,780 |
| Goodwill | 39,501 | 39,501 |
| Deferred income taxes | 2,556 | 2,244 |
| Operating lease right-of-use assets | 9,841 | 2,559 |
| Intangible assets, net | 18,981 | 21,668 |
| Property and equipment, net of accumulated depreciation of $8,821 and $8,424 | 657 | 951 |
| Total assets | $154,046 | $149,989 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable and accrued liabilities | $5,436 | $6,413 |
| Dividends payable | 2,579 | 2,466 |
| Compensation and benefits payable | 8,808 | 10,924 |
| Operating lease liabilities | 10,323 | 3,197 |
| Income taxes payable | 921 | — |
| Contingent consideration | — | 4,657 |
| Total liabilities | 28,067 | 27,657 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' Equity: | ||
| Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,391,817 and 12,137,080, respectively and outstanding 9,408,125 and 9,234,575, respectively | 124 | 122 |
| Additional paid-in capital | 204,897 | 202,239 |
| Treasury stock, at cost – 2,983,692 and 2,902,505 shares, respectively | (89,612) | (88,277) |
| Retained earnings | 8,489 | 6,207 |
| Total Westwood Holdings Group, Inc. stockholders’ equity | 123,898 | 120,291 |
| Noncontrolling interest in consolidated subsidiary | 2,081 | 2,041 |
| Total equity | 125,979 | 122,332 |
| Total liabilities and stockholders' equity | $154,046 | $149,989 |
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