Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 1

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(UNAUDITED)

Three Months Ended September 30,Six Months Ended September 30,(In thousands, except share and per share data)2025202420252024Revenues$659,452 $574,957 $1,264,801 $1,088,566 Operating expenses:Employee compensation and benefits405,562 353,599 777,851 669,468 Acquisition related compensation and benefits17,640 7,038 38,188 21,285 Travel, meals, and entertainment15,168 13,570 35,155 32,082 Rent17,750 15,174 35,979 34,458 Depreciation and amortization10,303 7,444 26,293 16,300 Information technology and communications16,704 17,755 34,516 33,944 Professional fees10,321 9,677 21,993 18,154 Other operating expenses14,663 20,031 35,790 36,638 Revaluation of acquisition contingent consideration— — 17,895 828 Total operating expenses508,111 444,288 1,023,660 863,157 Operating income151,341 130,669 241,141 225,409 Other (income) expense, net(8,712)(5,419)(16,962)(10,553)Income before provision for income taxes160,053 136,088 258,103 235,962 Provision for income taxes48,272 42,539 48,789 53,473 Net income111,781 93,549 209,314 182,489 Other comprehensive income, net of tax:Foreign currency translation adjustments(14,064)31,361 34,255 28,399 Comprehensive income$97,717 $124,910 $243,569 $210,888 Weighted average shares of common stock outstanding:Basic66,963,260 65,822,690 66,605,683 65,429,115 Fully diluted68,591,031 68,422,600 68,760,543 68,450,866 Earnings per share (Note 13)Basic$1.