Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 116

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 116
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2023, respectively. Accounts receivable and Unbilled work in progress in the accompanying Consolidated Balance Sheets include amounts pertaining to these services of $1,111 and $7,228, respectively, as of March 31, 2025 and 2024, respectively.Other assets in the accompanying Consolidated Balance Sheets includes loans receivable from certain employees of $44,290 and $32,937 as of March 31, 2025 and 2024, respectively.

Note 5 — Fair Value Measurements

The following table presents information about the Company's financial assets, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values:March 31, 2025Level ILevel IILevel IIITotalCorporate debt securities$— $178,150 $— $178,150 U.S. treasury securities— 16,904 — 16,904 Common stock21 — — 21 Certificates of deposit— 549 — 549 Total asset measured at fair value$21 $195,603 $— $195,624 March 31, 2024Level ILevel IILevel IIITotalCorporate debt securities$— $21,641 $— $21,641 U.S. treasury securities— 15,833 — 15,833 Certificates of deposit— 531 — 531 Total asset measured at fair value$— $38,005 $— $38,005 

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

The Company had no transfers between fair value levels during the years ended March 31, 2025 and March 31, 2024.

Note 6 — Investment Securities

The amortized cost and gross unrealized gains (losses) of marketable investment securities accounted under the fair value method were as follows:March 31, 2025Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair ValueCorporate debt securities$177,687 $627 $(164)$178,150 U.S. treasury securities17,044 17 (157)16,904 Common stock21 — — 21 Certificates of deposit549 —