Houlihan Lokey delivered a robust performance in Q1 2025, reporting revenues of $514 million, representing a 24% increase year-over-year. Adjusted earnings per share (EPS) surged by 37% to $1.22, driven by significant growth in corporate finance revenues, which hit a record $328 million, up 45% from the previous year. The financial restructuring segment also showed resilience, generating $117 million in revenue, indicating sustained demand despite fluctuating market conditions. Management highlighted that positive trends in transaction sizes and close rates bolster confidence for enhanced M&A activities going forward, even amidst macroeconomic uncertainties such as interest rates and geopolitical factors. The firm is strategically positioned for growth, particularly following the recent acquisition of Triago, expanding its capabilities in private funds and valuation services.