Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 1

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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608)Total stockholders' equity2,080,541 1,836,750 Total liabilities and stockholders' equity$3,475,762 $3,170,759 

See accompanying Notes to Consolidated Financial Statements1

HOULIHAN LOKEY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(UNAUDITED)

Three Months Ended December 31,Nine Months Ended December 31,(In thousands, except share and per share data)2024202320242023Revenues$634,428 $511,130 $1,722,994 $1,393,948 Operating expenses:Employee compensation and benefits390,173 314,345 1,059,641 857,278 Acquisition related compensation and benefits12,798 9,694 34,083 26,786 Travel, meals, and entertainment17,942 17,325 50,024 47,494 Rent22,259 19,002 56,717 55,418 Depreciation and amortization9,561 6,657 25,861 20,275 Information technology and communications16,945 15,443 50,889 43,319 Professional fees11,744 14,853 29,898 35,269 Other operating expenses16,904 17,271 53,542 47,945 Total operating expenses498,326 414,590 1,360,655 1,133,784 Operating income136,102 96,540 362,339 260,164 Other income, net(9,016)(6,035)(18,741)(12,336)Income before provision for income taxes145,118 102,575 381,080 272,500 Provision for income taxes49,816 31,772 103,289 73,276 Net income95,302 70,803 277,791 199,224 Other comprehensive income, net of tax:Foreign currency translation adjustments(48,148)25,574 (19,749)8,665 Comprehensive income attributable to Houlihan Lokey, Inc.$47,154 $96,377 $258,042 $207,889 Attributable to Houlihan Lokey, Inc. common stockholders:Weighted average shares of