WESTWOOD HOLDINGS GROUP INC

For the period ended Dec 31, 2025. Filed Mar 4, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 4, 2026

WHG$18.70+0.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except shares and per share data)

	Years ended December 31,
	2025	2024	2023
Revenues:
Advisory fees:
Asset-based	$74,722	$69,755	$67,391
Performance-based	874	1,393	1,265
Trust fees	21,560	21,422	20,242
Trust performance-based	260	482	349
Other, net	346	1,669	534
Total revenues	97,762	94,721	89,781
Expenses:
Employee compensation and benefits	56,686	56,011	52,918
Sales and marketing	2,744	2,668	2,990
Westwood funds	4,258	3,254	3,133
Information technology	10,894	9,662	9,650
Professional services	6,917	5,468	5,132
General and administrative	11,290	11,947	12,512
(Gain) loss from change in fair value of contingent consideration	—	4,881	(2,768)
Acquisition expense	—	—	209
Total expenses	92,789	93,891	83,776
Net operating income	4,973	830	6,005
Net change in unrealized appreciation on private investments	1,932	—	6
Net investment income	1,655	2,183	1,191
Other income	1,117	1,002	6,241
Income before income taxes	9,677	4,015	13,443
Provision for income taxes	2,600	1,804	2,872
Net income	$7,077	$2,211	$10,571
Less: income (loss) attributable to noncontrolling interest	19	(4)	1,051
Income attributable to Westwood Holdings Group, Inc.	$7,058	$2,215	$9,520
Earnings per share:
Basic	$0.84	$0.27	$1.20
Diluted	$0.79	$0.26	$1.17
Weighted average shares outstanding:
Basic	8,374,352	8,163,465	7,964,423
Diluted	8,885,580	8,515,779	8,112,139

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.