Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 1

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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63,281)Total stockholders' equity2,177,816 2,174,877 Total liabilities and stockholders' equity$3,517,803 $3,819,708 

See accompanying Notes to Consolidated Financial Statements1

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(UNAUDITED)

Three Months Ended June 30,(In thousands, except share and per share data)20252024Revenues$605,349 $513,609 Operating expenses:Employee compensation and benefits372,289 315,869 Acquisition related compensation and benefits20,548 14,247 Travel, meals, and entertainment19,987 18,512 Rent18,229 19,284 Depreciation and amortization15,990 8,856 Information technology and communications17,812 16,189 Professional fees11,672 8,477 Other operating expenses21,127 16,607 Revaluation of acquisition contingent consideration17,895 828 Total operating expenses515,549 418,869 Operating income89,800 94,740 Other income, net(8,250)(5,134)Income before provision for income taxes98,050 99,874 Provision for income taxes517 10,934 Net income97,533 88,940 Other comprehensive income, net of tax:Foreign currency translation adjustments48,319 (2,962)Comprehensive income attributable to Houlihan Lokey, Inc.$145,852 $85,978 Attributable to Houlihan Lokey, Inc. common stockholders:Weighted average shares of common stock outstanding:Basic66,244,178 65,031,216 Fully diluted68,887,970 68,501,059 Earnings per share (Note 13)Basic$1.47 $1.37 Fully diluted$1.42 $1.30 

See accompanying Notes to Consolidated Financial Statements2

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY 

(UNAUDITED)

Class A Common StockClass B Common StockAdditional Paid-In CapitalRetained EarningsAccumulated Other Comprehensive LossTotal Stockholders' Equity(In thousands, except share data)Shares$