Hamilton Lane
HLNE
$125.20 1.56%
Exchange: NASDAQ | Sector: Financial Services | Industry: Asset Management
Q1 2026
Published: Aug 5, 2025

Earnings Highlights

  • Revenue of $175.96M down 10.6% year-over-year
  • EPS of $1.28 decreased by 12.8% from previous year
  • Gross margin of 60.5%
  • Net income of 53.75M
  • "We are pivoting towards quality over quantity in our investments, believing this strategy will yield better returns in the long run." - CEO
HLNE
Hamilton Lane Incorporated

Executive Summary

Hamilton Lane Incorporated (HLNE) reported solid results for the first quarter of 2026, showcasing resilience in a challenging asset management market. With a revenue of $175.96 million, the company experienced a year-over-year decline of 10.56% and a quarter-over-quarter decline of 11.12%. Fortunately, net income settled at $53.74 million, reflecting a slight increase of 6.43% from the previous quarter, which underscores effective cost management and operational efficiency amidst decreasing revenues.

Management highlighted strategic adaptations and maintained a focus on high-value areas within investment management, including targeted private equity investments that continue to fuel investor interest. The emphasis on maintaining a lean operational framework enabled Hamilton Lane to sustain its profitability even as revenue pressures persisted.

Key Performance Indicators

Revenue
Decreasing
175.96M
QoQ: -11.12% | YoY: -10.56%
Gross Profit
Decreasing
106.40M
60.47% margin
QoQ: -46.25% | YoY: -21.60%
Operating Income
Decreasing
77.46M
QoQ: N/A | YoY: -13.56%
Net Income
Decreasing
53.75M
QoQ: 6.43% | YoY: -8.85%
EPS
Decreasing
1.30
QoQ: 4.84% | YoY: -12.75%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 175.96 1.28 -10.6% View
Q4 2025 197.97 0.00 +12.1% View
Q3 2025 168.26 1.32 +34.3% View
Q2 2025 150.00 1.01 +18.2% View
Q1 2025 196.73 1.47 +57.3% View