Houlihan Lokey, Inc. (HLI) — Financial statements
Income statement, balance sheet, and cash flow for Houlihan Lokey, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,618↑9.5% | 2,389↑24.8% | 1,914↑5.8% | 1,809↓20.3% | 2,270 | |
| Cost of Revenue | 43↓97.1% | 1,469↑24.8% | 1,177↑5.8% | 1,113↓21.0% | 1,409 | |
| Gross Profit | 2,575↑179.9% | 920↑24.8% | 737↑5.8% | 697↓19.1% | 861 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 188↑1.7% | 185↑29.7% | 143↑11.8% | 128 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 188↑1.7% | 185↑29.7% | 143↑11.8% | 128 | |
| Other Expenses | 1,956↑751.0% | 230↑21.7% | 189↓10.9% | 212↑75.7% | 121 | |
| Operating Expenses | 1,956↑367.6% | 418↑11.8% | 374↑5.4% | 355↑42.8% | 248 | |
| Total Costs & Expenses | 1,999↑5.9% | 1,888↑21.7% | 1,552↑5.7% | 1,468↓11.4% | 1,657 | |
| Operating Results | ||||||
| Operating Income | 619↑23.3% | 502↑38.2% | 363↑6.2% | 342↓44.2% | 613 | |
| Depreciation & Amortization | 43↑3.3% | 41↑44.6% | 29↓51.0% | 58↑20.0% | 49 | |
| EBITDA | 605↑1.2% | 598↑39.7% | 428↓1.7% | 435↓34.2% | 661 | |
| EBIT | 562↑1.1% | 556↑39.4% | 399↑5.9% | 377↓38.5% | 613 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 56↑202.7% | -55↓51.2% | -36↓3.3% | -35 | 0.00 | |
| Other Income / Expenses | -56↓288.9% | 30↑7.6% | 28↑256.0% | -18↓98.7% | -9 | |
| Income Before Tax | 562↑5.8% | 531↑36.1% | 391↑20.5% | 324↓46.4% | 604 | |
| Income Tax Expense | 138↑4.9% | 132↑19.4% | 110↑58.0% | 70↓57.9% | 166 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 424↑6.1% | 400↑42.6% | 280↑10.3% | 254↓42.0% | 438 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 426↑6.5% | 400↑42.6% | 280↑10.3% | 254↓41.9% | 438 | |
| Bottom-Line Net Income | 426↑6.5% | 400↑42.6% | 280↑10.3% | 254↓41.9% | 438 | |
| EPS (Basic) | 6.40↑5.3% | 6.08↑39.4% | 4.36↑8.7% | 4.01↓40.5% | 6.74 | |
| EPS (Diluted) | 6.22↑6.9% | 5.82↑41.6% | 4.11↑9.3% | 3.76↓41.3% | 6.41 | |
| Weighted Average Shares | 67↑1.3% | 66↑2.2% | 64↑1.5% | 63↓2.5% | 65 | |
| Weighted Average Diluted Shares | 68↓0.3% | 69↑0.7% | 68↑0.8% | 68↓1.0% | 68 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.