Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 5

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 8
Chunk 5
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 per share data)202520242023Revenues$2,389,416 $1,914,404 $1,809,447 Operating expenses:Employee compensation and benefits1,469,491 1,177,355 1,112,809 Acquisition related compensation and benefits54,777 36,234 35,070 Travel, meals, and entertainment64,917 65,298 51,082 Rent77,882 76,079 55,838 Depreciation and amortization41,270 28,536 58,221 Information technology and communications69,400 60,168 54,125 Professional fees41,202 49,077 32,940 Other operating expenses68,933 58,796 67,624 Total operating expenses1,887,872 1,551,543 1,467,709 Operating income501,544 362,861 341,738 Other (income)/expense, net(29,791)(27,678)17,738 Income before provision for income taxes531,335 390,539 324,000 Provision for income taxes131,624 110,238 69,777 Net income attributable to Houlihan Lokey, Inc.399,711 280,301 254,223 Other comprehensive income, net of tax:Foreign currency translation adjustments3,327 (3,794)(19,467)Comprehensive income attributable to Houlihan Lokey, Inc.$403,038 $276,507 $234,756 Attributable to Houlihan Lokey, Inc. common stockholders:Weighted average shares of common stock outstanding:Basic65,724,473 64,337,975 63,358,408 Fully diluted68,658,347 68,159,390 67,586,263 Earnings per share (Note 13)Basic$6.08 $4.36 $4.01 Fully diluted$5.82 $4.11 $3.76 

See accompanying Notes to Consolidated Financial Statements44

Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

Class A Common StockClass B Common StockAdditional Paid-in CapitalRetained EarningsAccumulated OtherComprehensive LossTotal Stockholders