Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 64

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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981 $— $160,981 U.S. treasury securities— 23,283 — 23,283 Common stock24 — — 24 Certificates of deposit— 354 — 354 Total assets measured at fair value$24 $184,618 $— $184,642 March 31, 2025Level ILevel IILevel IIITotalCorporate debt securities$— $178,150 $— $178,150 U.S. treasury securities— 16,904 — 16,904 Common stock21 — — 21 Certificates of deposit— 549 — 549 Total assets measured at fair value$21 $195,603 $— $195,624 The Company had no transfers between fair value levels during the six months ended September 30, 2025.

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

Note 6 — Investment Securities

The amortized cost and gross unrealized gains (losses) of marketable investment securities accounted under the fair value method were as follows:September 30, 2025Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueCorporate debt securities$160,466 $578 $(63)$160,981 U.S. treasury securities23,220 144 (81)23,283 Common stock24 — — 24 Certificates of deposit354 — — 354 Total securities with unrealized gains/(losses)$184,064 $722 $(144)$184,642 March 31, 2025Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueCorporate debt securities$177,687 $627 $(164)$178,150 U.S. treasury securities17,044 17 (157)16,904 Common stock21 — — 21 Certificates of deposit549 — — 549 Total securities with unrealized gains/(losses)$195,301 $644 $(321)$195,624 Scheduled maturities of the debt securities held by the Company included within the investment securities portfolio were as follows: