Hamilton Lane INC
For the period ended Mar 31, 2024. Filed May 23, 2024.
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FY2024 · Filed May 23, 2024
HLNE$96.38+0.5%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 Income
(In thousands, except per share amounts)
| Year Ended March 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Management and advisory fees | $451,936 | $371,874 | $314,228 |
| Incentive fees | 101,906 | 149,931 | 48,133 |
| Consolidated variable interest entities related: | |||
| Incentive fees | — | 6,948 | 5,558 |
| Total revenues | 553,842 | 528,753 | 367,919 |
| Expenses | |||
| Compensation and benefits | 204,004 | 198,412 | 129,165 |
| General, administrative and other | 103,403 | 89,395 | 68,040 |
| Consolidated variable interest entities related: | |||
| General, administrative and other | 617 | 906 | 1,150 |
| Total expenses | 308,024 | 288,713 | 198,355 |
| Other income (expense) | |||
| Equity in income of investees | 34,893 | 5,088 | 78,813 |
| Interest expense | (11,169) | (8,617) | (4,634) |
| Interest income | 5,427 | 1,789 | 500 |
| Non-operating (loss) gain | (2,515) | (5,243) | 64,469 |
| Consolidated variable interest entities related: | |||
| Equity in income of investees | 1,598 | 1,455 | 483 |
| Unrealized gain | 3,034 | 4,773 | 4,485 |
| Interest expense | (6) | — | (4) |
| Interest income | 4,581 | 3,325 | — |
| Total other income | 35,843 | 2,570 | 144,112 |
| Income before income taxes | 281,661 | 242,610 | 313,676 |
| Income tax expense | 54,454 | 55,425 | 66,423 |
| Net income | 227,207 | 187,185 | 247,253 |
| Less: Income attributable to non-controlling interests in general partnerships | 534 | 986 | 376 |
| Less: Income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 80,835 | 71,027 | 96,548 |
| Less: Income attributable to redeemable non-controlling interests in Hamilton Lane Alliance Holdings I, Inc. | — | 5,617 | 4,343 |
| Less: Income attributable to non-controlling interests in consolidated funds | 4,980 | 435 | — |
| Net income attributable to Hamilton Lane Incorporated | $140,858 | $109,120 | $145,986 |
| Basic earnings per share of Class A common stock | $3.72 | $3.05 | $4.02 |
| Diluted earnings per share of Class A common stock | $3.69 | $3.01 | $3.98 |
| Dividends declared per share of Class A common stock | $1.78 | $1.60 | $1.40 |
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