HOULIHAN LOKEY, INC.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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, 2026 · Filed Oct 30, 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 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 millions) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – July 1, 2026 | 54.2 | $— | 15.7 | $— | $639 | $1,667 | $(51) | $2,255 |
| Stock-based compensation expense (Note 13) | — | — | — | — | 43 | — | — | 43 |
| Dividends | — | — | — | — | — | (50) | — | (50) |
| Conversion of Class B to Class A shares | 0.2 | — | (0.2) | — | — | — | — | — |
| Other shares repurchased/forfeited | (0.4) | — | (0.1) | — | (51) | — | — | (51) |
| Net income attributable to Houlihan Lokey, Inc. | — | — | — | — | — | 109 | — | 109 |
| Other comprehensive income | — | — | — | — | — | — | 1 | 1 |
| Balances – September 30, 2026 | 54.0 | $— | 15.4 | $— | $631 | $1,726 | $(50) | $2,307 |
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In millions) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – July 1, 2025 | 54.3 | $— | 16.0 | $— | $744 | $1,449 | $(15) | $2,178 |
| Stock-based compensation expense (Note 13) | — | — | — | — | 47 | — | — | 47 |
| Dividends | — | — | — | — | — | (44) | — | (44) |
| Conversion of Class B to Class A shares | 0.4 | — | (0.4) | — | — | — | — | — |
| Other shares repurchased/forfeited | (0.1) | — | — | — | (31) | — | — | (31) |
| Net income attributable to Houlihan Lokey, Inc. | — | — | — | — | — | 111 | — | 111 |
| Other comprehensive income | — | — | — | — | — | — | (14) | (14) |
| Balances – September 30, 2025 | 54.6 | $— | 15.6 | $— | $760 | $1,516 | $(29) | $2,247 |
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 millions) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – April 1, 2026 | 54.2 | $— | 15.3 | $— | $746 | $1,645 | $(49) | $2,342 |
| Shares issued | — | — | 1.6 | — | 4 | — | — | 4 |
| Stock-based compensation expense (Note 13) | — | — | — | — | 87 | — | — | 87 |
| Dividends | — | — | — | — | — | (106) | — | (106) |
| Conversion of Class B to Class A shares | 0.5 | — | (0.5) | — | — | — | — | — |
| Other shares repurchased/forfeited | (0.7) | — | (1.0) | — | (207) | — | — | (207) |
| Change in redemption value of redeemable noncontrolling interest | — | — | — | — | 1 | — | — | 1 |
| Net income attributable to Houlihan Lokey, Inc. | — | — | — | — | — | 187 | — | 187 |
| Other comprehensive income | — | — | — | — | — | — | (1) | (1) |
| Balances – September 30, 2026 | 54.0 | $— | 15.4 | $— | $631 | $1,726 | $(50) | $2,307 |
| Class A Common Stock · Class B Common Stock · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Loss · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In millions) | Shares | $ | Shares | $ | $ | $ | $ | $ |
| Balances – April 1, 2025 | 53.8 | $— | 16.0 | $— | $843 | $1,395 | $(63) | $2,175 |
| Shares issued | — | — | 1.4 | — | 4 | — | — | 4 |
| Stock-based compensation expense (Note 13) | — | — | — | — | 89 | — | — | 89 |
| Dividends | — | — | — | — | — | (88) | — | (88) |
| Conversion of Class B to Class A shares | 0.9 | — | (0.9) | — | — | — | — | — |
| Other shares repurchased/forfeited | (0.1) | — | (0.9) | — | (176) | — | — | (176) |
| Net income attributable to Houlihan Lokey, Inc. | — | — | — | — | — | 209 | — | 209 |
| Other comprehensive income | — | — | — | — | — | — | 34 | 34 |
| Balances – September 30, 2025 | 54.6 | $— | 15.6 | $— | $760 | $1,516 | $(29) | $2,247 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.