Company: HLI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001302215-25-000111
Chunk: 0

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

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(In thousands, except share data and par value)September 30, 2025March 31, 2025Assets:Cash and cash equivalents$923,576 $971,007 Investment securities184,642 195,624 Accounts receivable, net of allowance for credit losses of $14,645 and $13,843, respectively251,156 257,326 Unbilled work in progress, net of allowance for credit losses of $9,488 and $6,764, respectively191,248 157,760 Property and equipment, net145,193 149,350 Operating lease right-of-use assets352,622 362,669 Goodwill1,292,121 1,284,589 Other intangible assets, net200,881 212,670 Other assets251,926 228,713 Total assets$3,793,365 $3,819,708 Liabilities and stockholders' equityLiabilities:Accrued salaries and bonuses$822,763 $936,619 Accounts payable and accrued expenses108,861 137,228 Operating lease liabilities432,899 438,185 Other liabilities181,950 132,799 Total liabilities1,546,473 1,644,831 Commitments and contingencies (Note 16)Stockholders' equity:Class A common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 54,573,369 and 53,822,189 shares, respectively55 54 Class B common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 15,564,859 and 16,021,106 shares, respectively16 16 Additional paid-in capital759,693 843,350 Retained earnings1,516,154 1,394,738 Accumulated other comprehensive loss(29,026)(63,281)Total stockholders' equity2,246,892 2,174,877 Total liabilities and stockholders' equity$3,793,365 $3,819,708 

See accompanying Notes to Consolidated Financial Statements1

HOULIHAN LOKEY,