HOULIHAN LOKEY, INC.
For the period ended Mar 31, 2026. Filed May 22, 2026.
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FY2026 · Filed May 22, 2026
HLI$148.03-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of March 31, 202 and
CONSOLIDATED BALANCE SHEETS
| (In thousands, except share data and par value) | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $1,189,454 | $971,007 |
| Investment securities | 170,271 | 195,624 |
| Accounts receivable, net of allowance for credit losses of $12,790 and $13,843, respectively | 228,307 | 257,326 |
| Unbilled work in progress, net of allowance for credit losses of $8,430 and $6,764, respectively | 271,243 | 157,760 |
| Property and equipment, net | 142,876 | 149,350 |
| Operating lease right-of-use assets | 407,454 | 362,669 |
| Goodwill | 1,395,857 | 1,284,589 |
| Other intangible assets, net | 204,202 | 212,670 |
| Other assets | 299,291 | 228,713 |
| Total assets | $4,308,955 | $3,819,708 |
| Liabilities, temporary equity and stockholders' equity | ||
| Liabilities: | ||
| Accrued salaries and bonuses | $1,076,593 | $936,619 |
| Accounts payable and accrued expenses | 135,944 | 137,228 |
| Operating lease liabilities | 492,108 | 438,185 |
| Other liabilities | 151,379 | 132,799 |
| Total liabilities | 1,856,024 | 1,644,831 |
| Commitments and contingencies (Note 16) | ||
| Redeemable noncontrolling interest | 110,554 | — |
| Stockholders' equity: | ||
| Class A common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 54,220,275 and 53,822,189 shares, respectively | 54 | 54 |
| Class B common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 15,266,333 and 16,021,106 shares, respectively | 15 | 16 |
| Additional paid-in capital | 746,118 | 843,350 |
| Retained earnings | 1,645,100 | 1,394,738 |
| Accumulated other comprehensive loss | (48,910) | (63,281) |
| Total stockholders' equity | 2,342,377 | 2,174,877 |
| Total liabilities, temporary equity and stockholders' equity | $4,308,955 | $3,819,708 |
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