Westwood Holdings Group (WHG) Financial Statements & Analysis

Westwood Holdings Group (WHG) Income Statement

Westwood Holdings Group reported revenue of $97.76M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 3.2% from $94.72M a year earlier. Net income was $7.06M, up 218.6% year over year, a net margin of 7.2%. Gross margin was 42.0% and operating margin 5.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $25.34M, up 9.6% from the same quarter a year earlier.

Westwood Holdings Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Westwood Holdings Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	97.76	94.72	89.78	68.68	73.05	65.11	84.08	122.30	133.79
Cost of Revenue	56.69	56.01	52.92	40.12	42.53	42.14	50.15	59.96	64.96
Gross Profit	41.08	94.72	36.86	68.68	30.52	22.97	33.93	62.34	68.83
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	20.95	33.00	20.63	26.34	13.75	14.41	24.33	25.39	25.40
Operating Expenses	36.10	33.00	30.86	26.34	24.56	26.42	29.28	26.40	34.94
Operating Income	4.97	0.83	6.01	-4.87	5.96	-3.45	4.64	35.94	33.89
Other Income/Expense
Interest Income	1.66	3.19	1.19	-0.32	8.04	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	4.70	3.19	7.44	-0.32	8.04	-4.14	4.76	0.52	0.00
Income
Income Before Tax	9.68	4.02	13.44	-5.20	14.00	-7.59	9.40	36.46	33.89
Income Tax Expense	2.60	1.80	2.87	-0.57	4.24	1.36	3.49	9.71	13.90
Net Income	7.06	2.22	10.57	-4.63	9.76	-8.95	5.91	26.75	19.99
Net Income - Continuous Operations	7.08	2.21	10.57	-4.63	9.76	-8.95	5.91	26.75	19.99
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	9.42	10.46	8.27	4.80	8.33	1.41	9.12	35.69	42.41
EBIT	4.97	5.71	3.45	2.22	5.96	-	-	-	-
Depreciation & Amortization	4.45	4.75	4.82	2.58	2.37	2.64	2.62	2.54	2.92
Earnings Per Share
Basic EPS	1.00	-	1.00	-1.00	1.00	-1.00	1.00	3.00	2.00
Diluted EPS	1.00	-	1.00	-1.00	1.00	-1.00	1.00	3.00	2.00
Basic Shares Outstanding	8.37	8.16	7.96	7.84	7.88	7.99	8.41	8.37	8.15
Diluted Shares Outstanding	8.89	8.52	8.11	7.84	7.93	7.99	8.46	8.55	8.40

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Westwood Holdings Group Financial Statements

What was Westwood Holdings Group's revenue in fiscal 2025?

Westwood Holdings Group reported revenue of $97.76M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 3.2% from $94.72M a year earlier.

Is Westwood Holdings Group profitable?

Yes. Westwood Holdings Group earned net income of $7.06M in fiscal 2025, a net margin of 7.2%. In fiscal 2024 it earned $2.21M.

What is Westwood Holdings Group's operating margin?

Westwood Holdings Group's operating income was $4.97M on revenue of $97.76M in fiscal 2025, an operating margin of 5.1%, compared with 0.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition