Houlihan Lokey, Inc. (HLI) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	2.5B	2.6B	2.4B	1.9B	1.8B
Cost of Revenue	1.2B	42.6M	1.5B	1.2B	1.1B
Gross Profit	1.3B	2.6B	919.9M	737.0M	696.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	78.9M	—	188.5M	185.3M	142.9M
General & Admin Expense	78.9M	—	188.5M	185.3M	142.9M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	652.0M	2.0B	229.9M	188.9M	212.0M
Total Operating Expenses	731.0M	2.0B	418.4M	374.2M	354.9M
Cost and Expenses	2.0B	2.0B	1.9B	1.6B	1.5B
Operating Income (EBIT)	550.7M	618.5M	501.5M	362.9M	341.7M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	(437.0K)	(56.3M)	29.8M	27.7M	(17.7M)
Non-Operating Income (excl Interest)	(9.1M)	56.3M	(54.8M)	(36.2M)	(35.1M)
EBT (Pre-Tax Income)	550.2M	562.3M	531.3M	390.5M	324.0M
Income Tax Expense	145.6M	138.1M	131.6M	110.2M	69.8M
Bottom Line
Net Income	406.2M	425.7M	399.7M	280.3M	254.2M
Earnings from Cont. Ops	404.6M	424.2M	399.7M	280.3M	254.2M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	406.2M	425.7M	399.7M	280.3M	254.2M
Per Share
Basic EPS	$6.09	$6.40	$6.08	$4.36	$4.01
Diluted EPS	$5.95	$6.22	$5.82	$4.11	$3.76
Revenue Per Share	$37.94	$39.33	$36.36	$29.76	$28.56
Shares
Basic Shares Outstanding	66.5M	66.5M	65.7M	64.3M	63.4M
Diluted Shares Outstanding	67.6M	68.4M	68.7M	68.2M	67.6M
Profitability Metrics
EBITDA	594.4M	604.9M	597.6M	427.6M	435.0M
D&A	34.6M	42.6M	41.3M	28.5M	58.2M
EBIT	559.8M	562.3M	556.3M	399.1M	376.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026