HLI: financial statements from SEC — TradeAlmanac

HLI

Houlihan Lokey, Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Revenue	717m	659m	605m	634m	575m	514m
Operating expenses	556m	508m	516m	498m	444m	419m
Operating income	161m	151m	90m	136m	131m	95m
Pre-tax income	170m	160m	98m	145m	136m	100m
Income tax	53m	48m	517,000	50m	43m	11m
Net income	117m	112m	98m	95m	94m	89m
Earnings per share	1.75	1.67	1.47	1.45	1.42	1.37
Earnings per share, diluted	1.70	1.63	1.42	1.39	1.37	1.30
Weighted average shares	67m	67m	66m	66m	66m	65m
Weighted average shares, diluted	68m	69m	69m	69m	68m	69m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1.19bn	1.06bn	924m	794m	971m	801m	693m	450m
Receivables	228m	211m	251m

Cash flow

Metric	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Operating cash flow	—	—	−132m	—	—	−65m
Depreciation and amortisation	8m	10m	16m	10m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)