Hamilton Lane Incorporated (HLNE)

Name: Hamilton Lane Incorporated Financial Statements
Creator: Quarter Results

Financial Services | Asset Management

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$194M

Net Income

$66.2M

Operating Margin

42.5%

Free Cash Flow

$455M

Debt / Assets

36.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Hamilton Lane Incorporated (HLNE).
Income Statement (Quarterly)	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Revenue	193,566,000	198,589,000	190,880,000	175,958,000
Cost of Revenue	58,497,000	60,886,000	55,734,000	53,515,000
Gross Profit	135,069,000	137,703,000	135,146,000	122,443,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	52,822,000	51,697,000	55,431,000	45,468,000
Operating Expenses	52,822,000	51,697,000	55,431,000	45,468,000
Operating Income	82,247,000	86,006,000	79,715,000	76,975,000
Interest Expense	3,578,000	3,688,000	3,830,000	3,856,000
Income Before Tax	129,843,000	120,050,000	117,582,000	95,449,000
Income Tax Expense	15,594,000	27,253,000	13,978,000	18,379,000
Net Income	66,173,000	58,372,000	70,889,000	53,745,000
Per Share
EPS	1.58	1.40	1.71	1.30
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Hamilton Lane Incorporated (HLNE).
Income Statement (Annual)	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Revenue	758,993,000	712,963,000	553,842,000	528,753,000	367,919,000
Cost of Revenue	228,630,000	208,222,000	201,489,000	188,462,000	121,761,000
Gross Profit	530,363,000	504,741,000	352,353,000	340,291,000	246,158,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	205,420,000	188,189,000	103,403,000	100,251,000	76,594,000
Operating Expenses	205,420,000	188,189,000	103,403,000	100,251,000	76,594,000
Operating Income	324,943,000	316,552,000	248,950,000	251,227,000	318,310,000
Interest Expense	14,952,000	13,332,000	11,175,000	8,617,000	4,634,000
Income Before Tax	462,923,000	362,277,000	281,661,000	242,610,000	313,676,000
Income Tax Expense	75,203,000	48,509,000	54,454,000	55,425,000	66,423,000
Net Income	249,180,000	217,417,000	140,858,000	187,185,000	247,253,000
Per Share
EPS	5.99	5.45	3.69	5.05	6.77
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Hamilton Lane Incorporated (HLNE).
Balance Sheet (Quarterly)	2026-03-31	2025-03-31	2024-03-31	2023-03-31
Assets
Cash and Cash Equivalents	363,896,000	277,273,000	114,634,000	111,748,000
Short Term Investments	0	0	0	0
Net Receivables	175,655,000	197,628,000	116,441,000	54,326,000
Inventory	0	0	0	185,499,000
Total Current Assets	561,342,000	492,490,000	247,133,000	180,695,000
Property Plant Equipment	96,422,000	98,999,000	95,438,000	90,752,000
Goodwill and Intangibles	0	12,450,000	14,150,000	25,417,000
Total Assets	2,304,896,000	1,690,355,000	1,271,200,000	1,140,543,000
Liabilities
Account Payables	5,659,000	5,469,000	4,505,000	4,559,000
Short Term Debt	0	0	0	25,270,000
Total Current Liabilities	346,231,000	293,160,000	247,370,000	210,033,000
Long Term Debt	356,479,000	368,320,000	275,192,000	292,350,000
Total Liabilities	838,357,000	766,460,000	595,242,000	566,351,000
Shareholders Equity
Retained Earnings	614,693,000	455,511,000	316,696,000	243,823,000
Total Shareholders Equity	915,232,000	717,281,000	525,153,000	415,444,000

Balance sheet annual history for Hamilton Lane Incorporated (HLNE).
Balance Sheet (Annual)	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	363,896,000	277,273,000	114,634,000	111,748,000	72,174,000
Short Term Investments	0	0	0	0	0
Net Receivables	175,655,000	197,628,000	116,441,000	54,326,000	53,741,000
Inventory	0	0	0	185,499,000	1
Total Current Assets	561,342,000	492,490,000	247,133,000	180,695,000	412,812,000
Property Plant Equipment	96,422,000	98,999,000	95,438,000	90,752,000	94,478,000
Goodwill and Intangibles	0	12,450,000	14,150,000	25,417,000	31,699,000
Total Assets	2,304,896,000	1,690,355,000	1,271,200,000	1,140,543,000	1,294,946,000
Liabilities
Account Payables	5,659,000	5,469,000	4,505,000	4,559,000	2,827,000
Short Term Debt	0	0	0	25,270,000	9,779,000
Total Current Liabilities	346,231,000	293,160,000	247,370,000	210,033,000	223,429,000
Long Term Debt	356,479,000	368,320,000	275,192,000	292,350,000	253,570,000
Total Liabilities	838,357,000	766,460,000	595,242,000	566,351,000	557,460,000
Shareholders Equity
Retained Earnings	614,693,000	455,511,000	316,696,000	243,823,000	185,149,000
Total Shareholders Equity	915,232,000	717,281,000	525,153,000	415,444,000	346,878,000

Cash flow quarterly history for Hamilton Lane Incorporated (HLNE).
Cash Flow Statement (Quarterly)	2026-03-31	2025-03-31	2024-03-31	2023-03-31
Operating Activities
Net Income	387,720,000	313,768,000	227,207,000	187,185,000
Depreciation & Amortization	9,878,000	9,285,000	8,186,000	7,443,000
Stock Based Compensation	50,867,000	31,407,000	12,133,000	9,950,000
Change in Working Capital	42,315,000	-60,860,000	-42,357,000	-23,811,000
Operating Cash Flow	460,378,000	300,820,000	120,852,000	226,589,000
Investing Activities
Capital Expenditure	-5,844,000	-12,156,000	-11,073,000	-4,747,000
Investments	0	-12,156,000	-11,073,000	-4,747,000
Investing Cash Flow	-530,283,000	-117,576,000	-122,184,000	177,912,000
Financing Activities
Debt Repayment	-12,500,000	93,908,000	-17,500,000	-29,496,000
Common Stock Issued/Repurchased	-21,475,000	-2,669,000	198,162,000	-236,844,000
Dividends Paid	-141,836,000	-119,800,000	-109,278,000	-135,853,000
Financing Cash Flow	155,777,000	-19,618,000	4,399,000	-364,146,000
Summary
Free Cash Flow	454,534,000	288,664,000	109,779,000	221,842,000
Net Change in Cash	88,300,000	163,985,000	3,067,000	40,355,000

Cash flow annual history for Hamilton Lane Incorporated (HLNE).
Cash Flow Statement (Annual)	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	387,720,000	313,768,000	227,207,000	187,185,000	247,253,000
Depreciation & Amortization	9,878,000	9,285,000	8,186,000	7,443,000	5,495,000
Stock Based Compensation	50,867,000	31,407,000	12,133,000	9,950,000	7,404,000
Change in Working Capital	42,315,000	-60,860,000	-42,357,000	-23,811,000	-26,897,000
Operating Cash Flow	460,378,000	300,820,000	120,852,000	226,589,000	169,523,000
Investing Activities
Capital Expenditure	-5,844,000	-12,156,000	-11,073,000	-4,747,000	-8,526,000
Investments	0	-12,156,000	-11,073,000	-4,747,000	-8,526,000
Investing Cash Flow	-530,283,000	-117,576,000	-122,184,000	177,912,000	-70,487,000
Financing Activities
Debt Repayment	-12,500,000	93,908,000	-17,500,000	-29,496,000	-16,840,000
Common Stock Issued/Repurchased	-21,475,000	-2,669,000	198,162,000	-236,844,000	70,347,000
Dividends Paid	-141,836,000	-119,800,000	-109,278,000	-135,853,000	-97,341,000
Financing Cash Flow	155,777,000	-19,618,000	4,399,000	-364,146,000	-113,216,000
Summary
Free Cash Flow	454,534,000	288,664,000	109,779,000	221,842,000	160,997,000
Net Change in Cash	88,300,000	163,985,000	3,067,000	40,355,000	-14,180,000