HOULIHAN LOKEY, INC.
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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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.
Jun 30, 2026 · Filed Jul 31, 2026
HLI$148.03-0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| Three Months Ended June 30, | ||
|---|---|---|
| (In millions, except per share data) | 2026 | 2025 |
| Revenues | $511 | $605 |
| Operating expenses: | ||
| Employee compensation and benefits | 314 | 372 |
| Acquisition related compensation and benefits | 14 | 21 |
| Travel, meals, and entertainment | 19 | 20 |
| Rent | 21 | 18 |
| Depreciation and amortization | 8 | 16 |
| Information technology and communications | 19 | 18 |
| Professional fees | 17 | 12 |
| Other operating expenses | 21 | 20 |
| Revaluation of acquisition contingent consideration | — | 18 |
| Total operating expenses | 433 | 515 |
| Operating income | 78 | 90 |
| Other (income) expense, net | (8) | (8) |
| Income before provision for income taxes | 86 | 98 |
| Provision for income taxes | 8 | — |
| Net income | 78 | 98 |
| Net (income) loss attributable to noncontrolling interest | — | — |
| Net income attributable to Houlihan Lokey, Inc. | $78 | $98 |
| Weighted average shares of common stock outstanding: | ||
| Basic | 66.5 | 66.2 |
| Fully diluted | 67.6 | 68.9 |
| Earnings per common share (Note 12) | ||
| Basic | $1.17 | $1.47 |
| Fully diluted | $1.15 | $1.42 |
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