HLI
Houlihan Lokey Inc
Q4 2025 Report
Houlihan Lokey Inc (HLI) Q4 2025 Earnings Report: Record Revenue Growth and Strategic Expansion...
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Executive Summary
During the first quarter of fiscal year 2026, Houlihan Lokey Inc (HLI) achieved a remarkable revenue of $605 million, representing an 18% increase year-over-year. The adjusted earnings per share surged 75% to $2.14, reflecting the firm’s robust performance across its segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
Management expressed cautious optimism regarding market conditions, attributing the strong results to a diversified business model that has adapted well to the current macroeconomic challenges. Despite the volatility in global markets, HLI has capitalized on increasing demand for financial advisory services, particularly in areas like financial restructuring, where revenues have remained elevated due to high interest rates and market uncertainties. Overall, the firm’s strong performance positions it favorably within the competitive landscape of investment banking and financial services.
Key Performance Indicators
Revenue
605.35M
QoQ: -9.16% | YoY:17.86%
Gross Profit
194.84M
32.19% margin
QoQ: -11.64% | YoY:6.19%
Operating Income
89.80M
QoQ: -35.49% | YoY:-6.04%
Net Income
97.53M
QoQ: -20.00% | YoY:9.66%
EPS
1.47
QoQ: -20.11% | YoY:7.30%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $605,349,000, up 18% YoY
- **Net Income:** $97,533,000, up 10% YoY
- **EPS (Diluted):** $1.42
- **Gross Profit Margin:** 32.2%
- **Operating Income:** $89,800,000, with an operating margin of 14.8%