Westwood Holdings Group (WHG) Q2 2025 earnings summary

Executive summary

• Assets under management reached $18.3 billion as of June 30, 2025, up from $16.8 billion year-over-year, with strong intermediary sales and multiple strategies outperforming benchmarks.

• Net income for Q2 2025 was $1.0 million, reversing a $2.2 million loss in Q2 2024, driven by higher average AUM and improved market conditions.

• Added to the Russell 2000 Index, enhancing institutional accessibility and trading volume.

• Launched 11 new sector ETFs and the Westwood LBRTY Global Equity ETF, with the Enhanced Midstream Energy ETF surpassing $100 million in assets and a 10.2% annual distribution rate.

• Strategic initiatives included transitioning wealth management to a multifamily office model, a founding investment in the Texas Stock Exchange, and a strong commitment to diversity.

Financial highlights

• Q2 2025 revenues were $23.1 million, flat sequentially and up from $22.7 million in Q2 2024.

• Net income was $1.0 million ($0.12 per share), up from $0.5 million in Q1 and a loss of $2.2 million ($0.27 per share) in Q2 2024.

• Non-GAAP Economic Earnings were $2.8 million ($0.32 per share), up from $2.5 million ($0.29 per share) in Q1 and a loss of $0.5 million ($0.06 per share) in Q2 2024.

• Cash and liquid investments totaled $33.1 million at quarter-end; no debt outstanding.

• Dividend of $0.15 per share declared, consistent with prior quarters.

Outlook and guidance

• Management expects continued market volatility due to trade policy and economic indicators, but remains confident in strategic positioning and product innovation.

• Anticipates funding for a large defined contribution plan in SMID strategy in Q4 and tracking toward gross inflows goals for the year.

• Management expects current cash and short-term investments plus operating cash flow to be sufficient for at least the next twelve months.

• Forward-looking statements caution that actual results may differ due to market, regulatory, and operational risks.