Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 29

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

(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 represent expenses that are not allocated to individual business segments such as office of the executives, accounting, information technology, legal and compliance, marketing, and human capital. June 30, 2025March 31, 2025Assets by segmentCorporate Finance$1,308,522 $1,312,291 Financial Restructuring174,447 179,498 Financial and Valuation Advisory206,704