Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 12

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1
Chunk 12
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 fiscal, monetary, and/or trade policies on transaction volumes and, consequently, our revenue

•strong competition from other financial advisory and investment banking firms; 

•potential impairment of goodwill and other intangible assets, which represent a significant portion of our assets; 

•our ability to execute on our growth initiatives, business strategies or operating plans; 

•risks associated with the U.S. tax law changes;

•risks associated with our international operations;

•terrorism, political hostilities, war and other civil disturbances or other catastrophic events that reduce business activity;

•fluctuations in foreign currency exchange rates; 

•costs of compliance associated with broker-dealer, employment, labor, benefits and tax regulations; 

•our potential to offer new products within our existing lines of business or enter into new lines of business, which may result in additional risks and uncertainties in our business; 

•operational risks; 

•extensive and evolving regulation of our business and the business of our clients; 

•substantial litigation risks; 

•cybersecurity and other security risks; 

•our dependence on fee-paying clients; 

•our clients' ability to pay us for our services;

•our ability to generate sufficient cash in the future to service our indebtedness;

•an epidemic or pandemic, and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities may implement to address it, which may cause a severe and prolonged disruption and instability in the global financial markets and may precipitate or exacerbate one or more of the above-mentioned factors and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; and

•other factors beyond our control.

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Table of Contents

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. For information about other important factors that could adversely affect our future results, see “Risk Factors” in this Form 10-K.

These forward-looking statements speak only as of the date of this filing.