Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 100

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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 13 %Revenues$659,452 $574,957 15 %$1,264,801 $1,088,566 16 %Segment profit (1)Corporate Finance$147,330 $109,655 34 %$274,111 $210,077 30 %Financial Restructuring 50,100 60,919 (18)%93,744 100,068 (6)%Financial and Valuation Advisory25,409 19,389 31 %42,738 37,030 15 %Total segment profit 222,839 189,963 17 %410,593 347,175 18 %Corporate expenses (2)71,498 59,294 21 %169,452 121,766 39 %Other (income) expense, net(8,712)(5,419)61 %(16,962)(10,553)61 %Income before provision for income taxes$160,053 $136,088 18 %$258,103 $235,962 9 %Segment metricsNumber of Managing Directors (3)Corporate Finance242 224 8 %242 224 8 %Financial Restructuring58 58 — %58 58 — %Financial and Valuation Advisory45 41 10 %45 41 10 %Number of closed transactions/Fee Events (4)Corporate Finance171 131 31 %296 247 20 %Financial Restructuring37 33 12 %72 66 9 %Financial and Valuation Advisory1,075 903 19 %1,517 1,316 15 %

(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 include costs not allocated to individual segments, including certain acquisition related charges and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance.

(3)As of the end of the respective reporting period.

(4)Fee Events applicable to FVA only;