Diamond Hill Investment Group Inc. reported unaudited financial results for the third quarter of 2025. Revenue for the quarter was $37.4 million, a decrease of 4% compared to $39.0 million in the third quarter of 2024. Net income attributable to common shareholders was $39.5 million, an increase of 10% from $35.8 million in the same period of 2024. Diluted earnings per share were $14.47, up 12% from $12.90 a year earlier. The company's assets under management and assets under advisement combined were $32.4 billion as of September 30, 2025, compared to $31.9 billion at the end of 2024 and $33.2 billion at the end of the third quarter of 2024. Net client inflows for the quarter were $41.0 million, compared to net outflows of $22.0 million in the third quarter of 2024. The board of directors approved a regular quarterly cash dividend of $1.50 per common share and a special dividend of $4.00 per share, both payable on December 5, 2025, to shareholders of record as of November 21, 2025. The company expects 100% of the distributions to be classified as qualified dividends. Total annual dividends for 2025 are $10.00 per share, amounting to $27.2 million returned to shareholders. Year to date, nearly $14.5 million in shares were repurchased.