WESTWOOD HOLDINGS GROUP INC
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
WHG$18.55-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share data and share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUES: | ||||
| Advisory fees: | ||||
| Asset-based | $19,202 | $18,887 | $57,883 | $54,573 |
| Trust fees | 5,567 | 5,416 | 16,257 | 15,914 |
| Other, net | 1,802 | (14) | 2,740 | 174 |
| Total revenues | 26,571 | 24,289 | 76,880 | 70,661 |
| EXPENSES: | ||||
| Employee compensation and benefits | 15,572 | 13,286 | 46,931 | 41,259 |
| Sales and marketing | 735 | 633 | 2,038 | 2,050 |
| Westwood funds | 1,379 | 1,101 | 3,325 | 2,955 |
| Information technology | 2,713 | 2,893 | 8,091 | 8,264 |
| Professional services | 2,401 | 1,593 | 6,359 | 4,692 |
| General and administrative | 2,388 | 2,774 | 8,185 | 8,632 |
| Total expenses | 25,188 | 22,280 | 74,929 | 67,852 |
| Net operating income | 1,383 | 2,009 | 1,951 | 2,809 |
| Realized gains on private investments | — | — | 2,046 | — |
| Net change in unrealized appreciation on private investments | 2,883 | 1,932 | 2,868 | 1,932 |
| Net investment income | 324 | 459 | 883 | 1,185 |
| Other income (expense) | — | 292 | (78) | 826 |
| Income before income taxes | 4,590 | 4,692 | 7,670 | 6,752 |
| Provision for income taxes | 1,470 | 963 | 2,241 | 1,515 |
| Net income | $3,120 | $3,729 | $5,429 | $5,237 |
| Less: income attributable to noncontrolling interest | 3 | 30 | 11 | 41 |
| Income attributable to Westwood Holdings Group, Inc. | $3,117 | $3,699 | $5,418 | $5,196 |
| Earnings per share: | ||||
| Basic | $0.36 | $0.44 | $0.63 | $0.62 |
| Diluted | $0.34 | $0.41 | $0.60 | $0.59 |
| Weighted average shares outstanding: | ||||
| Basic | 8,656,964 | 8,418,174 | 8,600,460 | 8,359,584 |
| Diluted | 9,192,363 | 8,941,347 | 9,105,334 | 8,846,168 |
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