Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 22

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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126,444 Financial and Valuation Advisory46,759 47,316 92,693 85,366 Non-compensation expense by segmentCorporate Finance44,829 40,116 97,063 86,594 Financial Restructuring10,790 11,299 23,643 22,478 Financial and Valuation Advisory14,820 12,656 30,171 24,735 Segment profitCorporate Finance147,330 109,655 274,111 210,077 Financial Restructuring50,100 60,919 93,744 100,068 Financial and Valuation Advisory25,409 19,389 42,738 37,030 Total segment profit222,839 189,963 410,593 347,175 Corporate expenses (2)71,498 59,294 169,452 121,766 Other (income) expense, net(8,712)(5,419)(16,962)(10,553)Income before provision for income taxes$160,053 $136,088 $258,103 $235,962 (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.September 30, 2025March 31, 2025Assets by segmentCorporate Finance$1,322,976 $1,312,291 Financial Restructuring186,851 179,498 Financial and Valuation Advisory221,390 207,162 Total segment assets1,731,217 1,698,951 Corporate assets2,062,148 2,120,757 Total assets$3,793,365 $3,819,708 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise