HOULIHAN LOKEY, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
HLI$148.03-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders' Equity
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – July 1, 2025 | 54,330,177 | $54 | 16,004,974 | $16 | $743,715 | $1,448,993 | $(14,962) | $2,177,816 |
| Shares issued | — | — | 12,764 | 1 | — | — | — | 1 |
| Stock compensation expense (Note 14) | — | — | — | — | 46,455 | — | — | 46,455 |
| Dividends | — | — | — | — | — | (44,620) | — | (44,620) |
| Conversion of Class B to Class A shares | 389,930 | 1 | (389,930) | (1) | — | — | — | — |
| Other shares repurchased/forfeited | (146,738) | — | (62,949) | — | (30,477) | — | — | (30,477) |
| Net income | — | — | — | — | — | 111,781 | — | 111,781 |
| Other comprehensive income | — | — | — | — | — | — | (14,064) | (14,064) |
| Balances – September 30, 2025 | 54,573,369 | $55 | 15,564,859 | $16 | $759,693 | $1,516,154 | $(29,026) | $2,246,892 |
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – July 1, 2024 | 53,053,499 | $53 | 16,456,793 | $16 | $691,651 | $1,207,328 | $(69,570) | $1,829,478 |
| Shares issued | — | — | 29,576 | — | — | — | — | — |
| Stock compensation expense (Note 14) | — | — | — | — | 44,349 | — | — | 44,349 |
| Dividends | — | — | — | — | — | (40,927) | — | (40,927) |
| Conversion of Class B to Class A shares | 350,440 | — | (350,440) | — | — | — | — | — |
| Other shares repurchased/forfeited | — | — | (53,191) | — | (723) | — | — | (723) |
| Net income | — | — | — | — | — | 93,549 | — | 93,549 |
| Other comprehensive income | — | — | — | — | — | — | 31,361 | 31,361 |
| Balances – September 30, 2024 | 53,403,939 | $53 | 16,082,738 | $16 | $735,277 | $1,259,950 | $(38,209) | $1,957,087 |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – April 1, 2025 | 53,822,189 | $54 | 16,021,106 | $16 | $843,350 | $1,394,738 | $(63,281) | $2,174,877 |
| Shares issued | 3,998 | — | 1,403,809 | 2 | 3,759 | — | — | 3,761 |
| Stock compensation expense (Note 14) | — | — | — | — | 87,923 | — | — | 87,923 |
| Dividends | — | — | — | — | — | (87,898) | — | (87,898) |
| Conversion of Class B to Class A shares | 942,748 | 1 | (942,748) | (1) | — | — | — | — |
| Other shares repurchased/forfeited | (195,566) | — | (917,308) | (1) | (175,339) | — | — | (175,340) |
| Net income | — | — | — | — | — | 209,314 | — | 209,314 |
| Other comprehensive income | — | — | — | — | — | — | 34,255 | 34,255 |
| Balances – September 30, 2025 | 54,573,369 | $55 | 15,564,859 | $16 | $759,693 | $1,516,154 | $(29,026) | $2,246,892 |
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands, except share data) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – April 1, 2024 | 52,348,511 | $52 | 16,746,676 | $17 | $739,870 | $1,163,419 | $(66,608) | $1,836,750 |
| Shares issued | 96,904 | — | 1,248,217 | 1 | 22,232 | — | — | 22,233 |
| Stock compensation expense (Note 14) | — | — | — | — | 75,131 | — | — | 75,131 |
| Dividends | — | — | — | — | — | (85,958) | — | (85,958) |
| Conversion of Class B to Class A shares | 958,524 | 1 | (958,524) | (1) | — | — | — | — |
| Shares issued to non-employee directors (Note 14) | — | — | — | — | — | — | — | — |
| Other shares repurchased/forfeited | — | — | (953,631) | (1) | (101,956) | — | — | (101,957) |
| Net income | — | — | — | — | — | 182,489 | — | 182,489 |
| Other comprehensive income | — | — | — | — | — | — | 28,399 | 28,399 |
| Balances – September 30, 2024 | 53,403,939 | $53 | 16,082,738 | $16 | $735,277 | $1,259,950 | $(38,209) | $1,957,087 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.