Houlihan Lokey Inc (HLI)

Financial Services | Financial Capital Markets
Income Statement (Quarterly) 2025-09-30 2025-06-30 2025-03-31 2024-12-31
Revenue 659,452,000 605,349,000 666,422,000 634,428,000
Cost of Revenue 438,480,000 372,289,000 445,908,000 430,374,000
Gross Profit 220,972,000 233,060,000 220,514,000 204,054,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 10,321,000 47,713,000 11,304,000 11,744,000
Operating Expenses 69,631,000 143,260,000 81,309,000 67,952,000
Operating Income 151,341,000 89,800,000 139,205,000 136,102,000
Interest Expense 0 0 0 0
Income Before Tax 160,053,000 98,050,000 150,255,000 145,118,000
Income Tax Expense 48,272,000 517,000 28,335,000 49,816,000
Net Income 111,781,000 97,533,000 121,920,000 95,302,000
Per Share
EPS 1.67 1.47 1.84 1.45
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenue 2,389,416,000 1,914,404,000 1,809,447,000 2,269,958,000 1,525,452,000
Cost of Revenue 1,469,491,000 1,177,355,000 1,147,879,000 1,408,634,000 971,195,000
Gross Profit 919,925,000 737,049,000 696,638,000 861,324,000 554,257,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 188,484,000 185,324,000 142,903,000 150,275,000 102,087,000
Operating Expenses 418,381,000 374,188,000 319,830,000 248,460,000 146,100,000
Operating Income 501,544,000 362,861,000 341,738,000 612,864,000 408,157,000
Interest Expense 0 0 2,738,000 9,499,000 0
Income Before Tax 531,335,000 390,539,000 324,000,000 603,938,000 409,228,000
Income Tax Expense 131,624,000 110,238,000 69,777,000 165,614,000 96,457,000
Net Income 399,711,000 280,301,000 254,223,000 437,751,000 312,771,000
Per Share
EPS 6.08 4.36 4.01 6.74 4.75
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets
Cash and Cash Equivalents 971,007,000 721,235,000 714,439,000 833,697,000
Short Term Investments 167,328,000 7,566,000 37,309,000 109,143,000
Net Receivables 415,086,000 424,498,000 314,767,000 248,780,000
Inventory 0 0 1,058,821,000 0
Total Current Assets 1,557,993,000 1,153,918,000 1,029,579,000 1,082,850,000
Property Plant Equipment 512,019,000 480,725,000 422,222,000 224,118,000
Goodwill and Intangibles 1,497,259,000 1,324,936,000 1,291,154,000 1,317,775,000
Total Assets 3,819,708,000 3,170,759,000 2,968,814,000 2,886,810,000
Liabilities
Account Payables 137,228,000 114,171,000 113,421,000 126,190,000
Short Term Debt 49,866,000 0 31,617,000 34,693,000
Total Current Liabilities 1,128,458,000 873,341,000 919,993,000 1,169,813,000
Long Term Debt 438,185,000 415,412,000 374,869,000 197,630,000
Total Liabilities 1,644,831,000 1,334,009,000 1,340,517,000 1,443,105,000
Shareholders Equity
Retained Earnings 1,394,738,000 1,163,419,000 1,048,072,000 922,223,000
Total Shareholders Equity 2,174,877,000 1,836,750,000 1,628,297,000 1,443,705,000
Balance Sheet (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Assets
Cash and Cash Equivalents 971,007,000 721,235,000 714,439,000 833,697,000 846,851,000
Short Term Investments 167,328,000 7,566,000 37,309,000 109,143,000 0
Net Receivables 415,086,000 424,498,000 314,767,000 248,780,000 226,524,000
Inventory 0 0 1,058,821,000 0 0
Total Current Assets 1,557,993,000 1,153,918,000 1,029,579,000 1,082,850,000 1,073,748,000
Property Plant Equipment 512,019,000 480,725,000 422,222,000 224,118,000 198,401,000
Goodwill and Intangibles 1,497,259,000 1,324,936,000 1,291,154,000 1,317,775,000 0
Total Assets 3,819,708,000 3,170,759,000 2,968,814,000 2,886,810,000 2,426,067,000
Liabilities
Account Payables 137,228,000 114,171,000 113,421,000 126,190,000 67,468,000
Short Term Debt 49,866,000 0 31,617,000 34,693,000 0
Total Current Liabilities 1,128,458,000 873,341,000 919,993,000 1,169,813,000 812,074,000
Long Term Debt 438,185,000 415,412,000 374,869,000 197,630,000 818,000
Total Liabilities 1,644,831,000 1,334,009,000 1,340,517,000 1,443,105,000 1,042,506,000
Shareholders Equity
Retained Earnings 1,394,738,000 1,163,419,000 1,048,072,000 922,223,000 600,096,000
Total Shareholders Equity 2,174,877,000 1,836,750,000 1,628,297,000 1,443,705,000 1,383,561,000
Cash Flow Statement (Quarterly) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Activities
Net Income 399,711,000 280,301,000 254,223,000 438,324,000
Depreciation & Amortization 41,270,000 28,536,000 58,221,000 48,537,000
Stock Based Compensation 168,443,000 166,595,000 156,936,000 91,875,000
Change in Working Capital 196,075,000 -196,367,000 -368,510,000 182,378,000
Operating Cash Flow 848,609,000 328,458,000 136,273,000 736,604,000
Investing Activities
Capital Expenditure -39,699,000 -66,730,000 -50,731,000 -8,680,000
Investments -39,699,000 -66,730,000 -50,731,000 -8,680,000
Investing Cash Flow -265,058,000 -70,406,000 -3,004,000 -273,914,000
Financing Activities
Debt Repayment 0 0 -3,027,000 -280,000
Common Stock Issued/Repurchased -52,514,000 -24,952,000 -48,659,000 -304,793,000
Dividends Paid -165,217,000 -148,454,000 -140,384,000 -114,806,000
Financing Cash Flow -329,070,000 -250,585,000 -240,462,000 -459,060,000
Summary
Free Cash Flow 808,910,000 261,728,000 85,542,000 727,924,000
Net Change in Cash 253,725,000 7,042,000 -119,258,000 -13,154,000
Cash Flow Statement (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Activities
Net Income 399,711,000 280,301,000 254,223,000 438,324,000 312,771,000
Depreciation & Amortization 41,270,000 28,536,000 58,221,000 48,537,000 15,228,000
Stock Based Compensation 168,443,000 166,595,000 156,936,000 91,875,000 62,421,000
Change in Working Capital 196,075,000 -196,367,000 -368,510,000 182,378,000 180,229,000
Operating Cash Flow 848,609,000 328,458,000 136,273,000 736,604,000 579,837,000
Investing Activities
Capital Expenditure -39,699,000 -66,730,000 -50,731,000 -8,680,000 -14,148,000
Investments -39,699,000 -66,730,000 -50,731,000 -8,680,000 -14,148,000
Investing Cash Flow -265,058,000 -70,406,000 -3,004,000 -273,914,000 -99,748,000
Financing Activities
Debt Repayment 0 0 -3,027,000 -280,000 -4,176,000
Common Stock Issued/Repurchased -52,514,000 -24,952,000 -48,659,000 -304,793,000 86,836,000
Dividends Paid -165,217,000 -148,454,000 -140,384,000 -114,806,000 -92,006,000
Financing Cash Flow -329,070,000 -250,585,000 -240,462,000 -459,060,000 -26,823,000
Summary
Free Cash Flow 808,910,000 261,728,000 85,542,000 727,924,000 565,689,000
Net Change in Cash 253,725,000 7,042,000 -119,258,000 -13,154,000 466,478,000