Houlihan Lokey financials
$127.46−1.61%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q1 '27 Jun 30 | Q4 '26 Mar 31 | Q3 '26 Dec 31 | Q2 '26 Sep 30 | Q1 '26 Jun 30 | Q4 '25 Mar 31 | Q3 '25 Dec 31 | Q2 '25 Sep 30 | Q1 '25 Jun 30 | Q4 '24 Mar 31 | Q3 '24 Dec 31 | Q2 '24 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $511.0M | $635.6M | $717.1M | $659.5M | $605.0M | $666.4M | $634.4M | $575.0M | $513.6M | $520.5M | $511.1M | $467.0M |
| Gross profit | $511.0M | $635.6M | $717.1M | $659.5M | $605.0M | $666.4M | $634.4M | $575.0M | $513.6M | $520.5M | $511.1M | $467.0M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $78.0M | $125.1M | $160.7M | $151.3M | $90.0M | $141.1M | $136.1M | $130.7M | $94.7M | $75.9M | $106.2M | $99.6M |
| Net income | $78.0M | $99.8M | $116.5M | $111.8M | $98.0M | $121.9M | $95.3M | $93.5M | $88.9M | $81.1M | $70.8M | $67.0M |
| Net margin | 15.3% | 15.7% | 16.3% | 17.0% | 16.2% | 18.3% | 15.0% | 16.3% | 17.3% | 15.6% | 13.9% | 14.4% |
| Diluted EPS | $1.15 | $1.47 | $1.70 | $1.63 | $1.42 | $1.77 | $1.39 | $1.37 | $1.30 | $1.18 | $1.04 | $0.99 |
| EBITDA | $100.0M | $151.1M | $186.6M | $179.3M | $127.0M | $177.2M | $158.5M | $145.2M | $117.8M | $75.9M | $112.9M | $106.7M |
| Operating cash flow | -$336.0M | $293.0M | $217.7M | $325.0M | -$132.0M | $358.4M | $265.5M | $289.2M | -$64.5M | $225.3M | $100.1M | $136.6M |
| Free cash flow | -$342.0M | $286.8M | $217.0M | $322.8M | -$145.0M | $343.9M | $261.7M | $278.7M | -$75.4M | $213.1M | $84.5M | $113.4M |
| Diluted shares | 67.6M | 67.8M | 68.4M | 68.6M | 68.9M | 68.9M | 68.8M | 68.4M | 68.5M | 68.9M | 67.9M | 67.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $745.0M | $1.19B | $1.06B | $923.6M | $793.8M | $971.0M |
| Short-term investments | $52.0M | $170.0M | $127.6M | $184.6M | $72.9M | $195.6M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $3.72B | $4.31B | $3.94B | $3.79B | $3.52B | $3.82B |
| Total liabilities | $1.35B | $1.86B | $1.64B | $1.55B | $1.34B | $1.64B |
| Shareholders' equity | $2.25B | $2.34B | $2.29B | $2.25B | $2.18B | $2.17B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology