Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 85

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 operating expenses. Segment profit consists of segment revenues, less (1) direct expenses including employee compensation and benefits, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including charges related to incentive compensation, revaluation of acquisition contingent consideration, 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. The following tables present information about revenues, profit and assets by segment and geography. The Company's CODM is its Chief Executive Officer. The CODM oversees the performance of the Company's three reportable segments by analyzing their financial metrics, including revenues by segment and segment profit. The financial metrics the CODM regularly receives does not include asset information and does not use segment asset information to assess performance or allocate resources. Comparable prior year information has been recast to reflect the additional disclosure of employee compensation and benefits by segment and non-compensation expense by segment.Three Months Ended June 30,20252024Revenues by segmentCorporate Finance$398,519 $328,417 Financial Restructuring128,216 117,422 Financial and Valuation Advisory78,614 67,770 Revenues605,349 513,609 Employee compensation and benefits by segment (1)Corporate Finance219,504 181,517 Financial Restructuring71,719 67,094 Financial and Valuation Advisory45,934 38,050 Non-compensation expense by segmentCorporate Finance52,234 46,478 Financial Restructuring12,853 11,179 Financial and Valuation Advisory15,351 12,079 Segment profitCorporate Finance$126,781 $100,422 Financial Restructuring43,644 39,149 Financial and Valuation Advisory17,329 17,641 Total segment profit187,754 157,212 Corporate expenses (2)97,954 62,472 Other income, net(8,250)(5,134)Income before provision for income taxes$98,050 $99,874 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (