Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 109

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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5 million for the three months ended June 30, 2025, compared with $328.4 million for the three months ended June 30, 2024, representing an increase of 21%. Revenues increased primarily due to an increase in the average transaction fee on closed transactions. The increase in the average transaction fee on closed transactions was driven by transaction mix, and does not represent a trend in the average transaction fee on closed transactions.

Segment profit for CF was $126.8 million for the three months ended June 30, 2025, compared with $100.4 million for the three months ended June 30, 2024, representing an increase of 26%. Profitability increased primarily as a result of an increase in revenues when compared to the same quarter last year.

26

Financial Restructuring

Three Months Ended June 30, 2025 versus June 30, 2024

Revenues for FR were $128.2 million for the three months ended June 30, 2025, compared with $117.4 million for the three months ended June 30, 2024, representing an increase of 9%. Revenues increased primarily due to an increase in the number of closed transactions during the quarter, which was driven by favorable market conditions for restructuring transactions.

Segment profit for FR was $43.6 million for the three months ended June 30, 2025, compared with $39.1 million for the three months ended June 30, 2024, an increase of 11%. Profitability increased primarily as a result of an increase in revenues when compared to the same quarter last year.

Financial and Valuation Advisory

Three Months Ended June 30, 2025 versus June 30, 2024

Revenues for FVA were $78.6 million for the three months ended June 30, 2025, compared with $67.8 million for the three months ended June 30, 2024, representing an increase of 16%. Revenues increased primarily due to an increase in the number of Fee Events during the quarter. The increase in the number of Fee Events was driven by increasing our client base and expanding our scope of work for existing clients in one or more of the service lines within our FVA business.

Segment profit for FVA was $17.3 million for the three months ended June 30, 2025, compared with $17.6 million for the three months ended June 30,