Key Points
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Second-quarter results improved: Revenue rose to $25.3 million from $23.1 million a year earlier, while net income increased to $1.5 million, or $0.17 per share. Non-GAAP economic earnings reached $3 million, or $0.33 per share.
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Outflows remained a challenge: Westwood reported $1.6 billion in net asset-management outflows, concentrated in legacy large-cap value and certain small-cap institutional mandates. Firmwide assets under management and advisement totaled $17.9 billion at June 30.
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Growth initiatives expanded: The ETF platform surpassed $400 million in assets in July, private capital commitments exceeded $500 million, and the company plans to launch the PWRX power-and-infrastructure ETF in September. Westwood aims to exceed $1 billion in assets across ETFs, private capital and Managed Investment Solutions within the next year.
Westwood Holdings Group (NYSE:WHG) reported second-quarter 2026 revenue of $25.3 million, up from $23.1 million a year earlier and roughly level with $25 million in the first quarter, as growth in its exchange-traded fund and private energy secondaries businesses supported results.
Net income totaled $1.5 million, or $0.17 per share, compared with $0.8 million, or $0.09 per share, in the first quarter and $1 million, or $0.12 per share, in the year-ago quarter. Chief Financial Officer Terry Forbes said the sequential improvement reflected lower compensation expenses, partly offset by higher income taxes and the first-quarter recognition of gains from Westwood’s investment in a private bank.
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Non-GAAP economic earnings were $3 million, or $0.33 per share, compared with $2.8 million, or $0.31 per share, in the preceding quarter. The company said year-over-year earnings benefited from higher revenue but faced partially offsetting increases in compensation, professional services expenses and income taxes.
Assets and Flows
Firmwide assets under management and advisement stood at $17.9 billion at June 30, including $17 billion in assets under management and $1 billion in assets under advisement. Institutional assets accounted for $8.3 billion of assets under management, while wealth management represented $4.5 billion and mutual fund and ETF assets totaled $4.2 billion.
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Westwood recorded $1.6 billion in net outflows from assets under management during the quarter, while market appreciation added $1.2 billion. Assets under advisement had $53 million of market appreciation and $4 million of net outflows.
