Westwood Holdings Group (WHG) investor relations material

Executive summary

• Assets under management (AUM) rose to $18.3 billion as of March 31, 2026, up $0.8 billion sequentially, driven by strong performance in energy, real asset strategies, and ETF growth, serving institutional, intermediary, and private wealth clients.

• Revenues increased 7% year-over-year to $25.0 million for Q1 2026, with net income of $0.8 million ($0.09 per share), up 64% from Q1 2025.

• Enhanced Income Series ETFs surpassed $300 million in AUM and gained approval on a major wirehouse platform; MDST ETF crossed $200 million.

• Westwood Energy Secondaries Fund II closed with over $300 million in commitments, more than double its original target.

• The firm is publicly traded on NYSE, with 37% employee and director ownership, and recognized as a multi-year best place to work.

Financial highlights

• Q1 2026 revenues were $25 million, down from $27.1 million in Q4 2025 but up from $23.3 million in Q1 2025.

• Net income was $0.8 million ($0.09 per share), compared to $1.9 million ($0.21 per share) in Q4 2025 and $0.5 million in Q1 2025.

• Non-GAAP Economic Earnings were $2.85 million ($0.31 per share), up from $2.5 million ($0.29 per share) in Q1 2025.

• Cash and liquid investments totaled $34.2 million at quarter end; the company remains debt-free.

• Gross margin declined as expenses rose to $26.5 million, resulting in a net operating loss of $1.5 million.

Outlook and guidance

• Management expects continued growth from income-oriented and private market solutions, with robust institutional and intermediary pipelines and ongoing investment in new client solutions.

• Current cash and short-term investments plus operating cash flow are expected to be sufficient for at least the next twelve months.

• Market conditions are seen as increasingly favorable for quality and value-focused strategies.