Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 17

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 progress, net of allowance for credit losses157,760 23,058 180,818 Contract Assets (1)9,704 148 9,852 Contract Liabilities (2)48,215 3,281 51,496 (1)Included within Accounts receivable, net of allowance for credit losses in the June 30, 2025 Consolidated Balance Sheets.(2)Included within Deferred income in the June 30, 2025 Consolidated Balance Sheets.During the three months ended June 30, 2025, $16,809 of Revenues, were recognized that were included in the Deferred income balance at the beginning of the period.As a practical expedient, the Company does not disclose information about remaining performance obligations pertaining to (i) contracts that have an original expected duration of one year or less, and/or (ii) contracts where the variable consideration is allocated entirely to a wholly unsatisfied promise to transfer a distinct service that is or forms part of a single performance obligation. The transaction price allocated to remaining unsatisfied or partially unsatisfied performance obligations with an original expected duration exceeding one year was not material as of June 30, 2025.

Note 4 — Related Party Transactions

The Company provides financial advisory services to certain related parties, and received fees for these services totaling approximately $429 and $42 for the three months ended June 30, 2025 and 2024, respectively. Accounts receivable and Unbilled work in progress in the accompanying Consolidated Balance Sheets include amounts pertaining to these services of $1,600 and $1,111 as of June 30, 2025 and March 31, 2025, respectively.

Other assets in the accompanying Consolidated Balance Sheets includes loans receivable from certain employees of $37,048 and $44,290 as of June 30, 2025 and March 31, 2025, respectively. 

Note 5 — Fair Value Measurements

The following table presents information about the Company's financial assets, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values:June 30, 2025Level ILevel IILevel IIITotalCorporate debt securities$— $52,245 $— $52,245 U.S. treasury securities— 20,049 — 20,049 Common stock35 — — 35 Certificates of deposit— 549 — 549 Total assets measured