HOULIHAN LOKEY, INC.

For the period ended Sep 30, 2026. Filed Oct 30, 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.

Sep 30, 2026 · Filed Oct 30, 2026

HLI$148.41+1.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(In millions, except par value)	September 30, 2026	March 31, 2026
Assets:
Cash and cash equivalents	$837	$1,189
Investment securities	51	170
Accounts receivable, net of allowance for credit losses of $9 and $13, respectively	285	228
Unbilled work in progress, net of allowance for credit losses of $5 and $8, respectively	267	271
Property and equipment, net	148	143
Operating lease right-of-use assets	410	407
Goodwill	1,471	1,396
Other intangible assets, net	212	204
Other assets	294	301
Total assets	$3,975	$4,309
Liabilities, temporary equity and stockholders' equity
Liabilities:
Accrued salaries and bonuses	$775	$1,077
Accounts payable and accrued expenses	102	136
Operating lease liabilities	494	492
Other liabilities	186	151
Total liabilities	1,557	1,856
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	111	111
Stockholders' equity:
Class A common stock, $0.001 par value. Authorized 1,000 shares; issued and outstanding 54.0 and 54.2 shares, respectively	—	—
Class B common stock, $0.001 par value. Authorized 1,000 shares; issued and outstanding 15.4 and 15.3 shares, respectively	—	—
Additional paid-in capital	631	746
Retained earnings	1,726	1,645
Accumulated other comprehensive loss	(50)	(49)
Total stockholders' equity	2,307	2,342
Total liabilities, temporary equity and stockholders' equity	$3,975	$4,309

ContentsView on SEC.gov

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