DIAMOND HILL INVESTMENT GROUP INC
ir.diamond-hill.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2025 10-K, filed Feb 26, 2026. Its latest SEC filing is a SCHEDULE 13G/A from May 5, 2026.
10-K for FY2025, filed Feb 26, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides investment advisory services and manages funds and portfolios for institutional investors, financial intermediaries, and plan sponsors.
10-K for FY2025, filed Feb 26, 2026DHIL derives its consolidated revenue and net income from investment advisory and fund administration services provided by its wholly-owned…View ↗
The Company offers a variety of investment strategies designed for long-term strategic allocations from institutionally oriented investors…View ↗
The Company’s distribution team focuses primarily on asset allocators with centralized research teams, allowing it to efficiently deliver…View ↗
How Did They Make Money?
Clients pay fees tied to assets managed for advisory services as those services are provided. Fund clients pay administration fees over time, while program sponsors pay model-service fees based on assets advised.
10-K for FY2025, filed Feb 26, 2026The Company recognizes revenue when DHCM satisfies performance obligations under the terms of a contract with a client. The Company earns…View ↗
DHCM also provides its strategy model portfolios and related services to sponsors of model delivery programs. For its services, DHCM is…View ↗
DHCM has administrative and transfer agency services agreements with the Diamond Hill Funds and DHSC and an administrative services…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$147.1M
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10-K for FY2025, filed Feb 26, 2026
$147.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Investment advisory
Recurring
10-K for FY2025, filed Feb 26, 2026 |
95%
FY2022: 93%
|
Investment advisory, FY2025
$139.9M Sources
|
Recurring |
|
Fund administration, net
Recurring
|
4.9%
FY2022: 6.6%
|
Fund administration, net, FY2025
$7.2M Sources
|
Recurring |
Who Were Their Customers?
Institutional asset allocators at consulting firms, wirehouses, banks and investment advisers select strategies for clients; plan sponsors with their own research teams are another target group. The distribution team takes a consultative, customized approach to client relationships.
10-K for FY2025, filed Feb 26, 2026
Did Revenues Turn Into Profits?
Yes. It kept 33 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$9.1M.
10-K for FY2025, filed Feb 26, 2026
$36.7MView ↗
10-K for FY2025, filed Feb 26, 2026
$48.8MView ↗
10-K for FY2025, filed Feb 26, 2026
−$9.1MView ↗
How Were They Changing?
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Apr 22, 2026
First Eagle completed its acquisition of Diamond Hill
Diamond Hill became a wholly owned subsidiary, and its common shares were removed from Nasdaq listing.
Sources
8-K, filed Apr 22, 2026
New York, NY and Columbus, OH, April 22, 2026—First Eagle Investments (“First Eagle”) today announced that it has completed the previously…View ↗
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Apr 17, 2026
Required merger conditions were satisfied
Diamond Hill obtained required client consents and said it intended to close the merger.
Sources
8-K, filed Apr 17, 2026
On April 17, 2026, following meetings of the shareholders of the Diamond Hill Funds and the Diamond Hill Securitized Credit Fund to approve…View ↗
Shrank. Revenue fell 19% in 4 years, from $182.2M in FY2021 to $147.1M in FY2025, about 5% a year.
Broader proprietary fund lineup
The earlier report described the Diamond Hill Funds as a series of open-end mutual funds; the latest report also includes an exchange-traded fund and a closed-end fund.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Feb 26, 2026DHIL derives its consolidated revenue and net income from investment advisory and fund administration services provided by its wholly-owned…View ↗
DHIL derives its consolidated revenue and net income from investment advisory and fund administration services provided by its wholly-owned…View ↗
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