Core Insights - Westwood Holdings Group, Inc. reported strong performance in Q3 2025, with significant growth in private fund strategies and the MDST ETF reaching $150 million in assets, capturing 30% of monthly midstream ETF flows in September [1][2][5] - The firm surpassed its annual fundraising goal for private funds and launched eleven new Defined Volatility sector ETFs in partnership with WEBs [1][5] - Long-term performance rankings remain solid, with the Income Opportunity strategy maintaining a top decile ranking and receiving a four-star Morningstar rating upgrade [1][5] Financial Performance - Firmwide assets under management and advisement totaled $18.3 billion, with $17.3 billion in AUM and $1.0 billion in AUA [1] - Q3 2025 revenues were $24.3 million, an increase from $23.1 million in Q2 2025 and $23.7 million in Q3 2024 [5][10] - Net income for Q3 2025 was $3.7 million, significantly higher than $1.0 million in Q2 2025 and $0.1 million in Q3 2024 [2][3][5] - Diluted earnings per share (EPS) for Q3 2025 was $0.41, compared to $0.12 in Q2 2025 and $0.01 in Q3 2024 [2][3][5] Economic Earnings - Non-GAAP Economic Earnings for Q3 2025 were $5.7 million, or $0.64 per share, compared to $2.8 million, or $0.32 per share in Q2 2025 and $1.1 million, or $0.13 per share in Q3 2024 [2][3][5] - Economic earnings reflect the company's underlying operating performance and are used for evaluating resource allocation and dividend policy [17][18] Cash and Dividends - As of September 30, 2025, Westwood held $39.2 million in cash and liquid investments, an increase of $6.1 million from Q2 2025 [5] - The company declared a cash dividend of $0.15 per common share, payable on January 2, 2026, to stockholders of record on December 1, 2025 [5][10]