Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 102

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 102
---
36 %Financial Restructuring 130,942 128,565 2 %379,932 366,603 4 %Financial and Valuation Advisory81,884 72,053 14 %229,015 208,098 10 %Revenues$634,428 $511,130 24 %$1,722,994 $1,393,948 24 %Segment profit (1)Corporate Finance$131,552 $93,254 41 %$341,629 $245,393 39 %Financial Restructuring 44,212 43,284 2 %144,280 119,377 21 %Financial and Valuation Advisory23,337 14,332 63 %60,367 48,824 24 %Total segment profit 199,101 150,870 32 %546,276 413,594 32 %Corporate expenses (2)62,999 54,330 16 %183,937 153,430 20 %Other income, net(9,016)(6,035)49 %(18,741)(12,336)52 %Income before provision for income taxes$145,118 $102,575 41 %$381,080 $272,500 40 %Segment metricsNumber of Managing DirectorsCorporate Finance238 219 9 %238 219 9 %Financial Restructuring57 52 10 %57 52 10 %Financial and Valuation Advisory42 41 2 %42 41 2 %Number of closed transactions/Fee Events (3)Corporate Finance170 117 45 %417 329 27 %Financial Restructuring41 30 37 %107 91 18 %Financial and Valuation Advisory1,005 926 9 %1,804 1,704 6 %

(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.

(3)Fee Events