Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 86

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.(2)Corporate expenses represent expenses that are not allocated to individual business segments such as office of the executives, accounting, information technology, legal and compliance, marketing, and human capital. June 30, 2025March 31, 2025Assets by segmentCorporate Finance$1,308,522 $1,312,291 Financial Restructuring174,447 179,498 Financial and Valuation Advisory206,704 207,162 Total segment assets1,689,673 1,698,951 Corporate assets1,828,130 2,120,757 Total assets$3,517,803 $3,819,708 Three Months Ended June 30,20252024Income before provision for income taxes by geographyUnited States$61,793 $61,058 International36,257 38,816 Income before provision for income taxes$98,050 $99,874 Three Months Ended June 30,20252024Revenues by geographyUnited States$422,420 $366,559 International182,929 147,050 Revenues$605,349 $513,609 June 30, 2025March 31, 2025Assets by geographyUnited States$2,153,146 $2,439,032 International1,364,6571,380,676Total assets$3,517,803 $3,819,708 

Note 19 — Subsequent Events

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the U.S. The legislation has multiple effective dates, and the Company is currently evaluating the potential impact of OBBBA. On July 24, 2025, the Company's board of directors declared a quarterly cash dividend of $0.60 per share of Class A and Class B common stock, payable on September 15, 2025, to shareholders of record on September 2, 2025.

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Table of Contents

Item 2.    Management’s Discussion and Analysis of Financial