Hamilton Lane INC
For the period ended Mar 31, 2025. Filed May 30, 2025.
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FY2025 · Filed May 30, 2025
HLNE$96.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(In thousands, except per share amounts)
| Year Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Management and advisory fees | $513,864 | $451,936 | $371,874 |
| Incentive fees | 198,296 | 101,906 | 149,931 |
| Consolidated variable interest entities related: | |||
| Incentive fees | 803 | — | 6,948 |
| Total revenues | 712,963 | 553,842 | 528,753 |
| Expenses | |||
| Compensation and benefits | 274,497 | 204,004 | 198,412 |
| General, administrative and other | 120,929 | 103,403 | 89,395 |
| Consolidated variable interest entities related: | |||
| General, administrative and other | 985 | 617 | 906 |
| Total expenses | 396,411 | 308,024 | 288,713 |
| Other income (expense) | |||
| Equity in income of investees | 29,016 | 34,893 | 5,088 |
| Interest expense | (13,332) | (11,169) | (8,617) |
| Interest income | 7,874 | 5,427 | 1,789 |
| Non-operating gain (loss) | 8,434 | (2,515) | (5,243) |
| Consolidated variable interest entities related: | |||
| Equity in income of investees | 1,613 | 1,598 | 1,455 |
| Unrealized gain | 11,915 | 3,034 | 4,773 |
| Interest expense | — | (6) | — |
| Interest income | 205 | 4,581 | 3,325 |
| Total other income (expense) | 45,725 | 35,843 | 2,570 |
| Income before income taxes | 362,277 | 281,661 | 242,610 |
| Income tax expense | 48,509 | 54,454 | 55,425 |
| Net income | 313,768 | 227,207 | 187,185 |
| Less: Income attributable to non-controlling interests in general partnerships | 739 | 534 | 986 |
| Less: Income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 92,843 | 80,835 | 71,027 |
| Less: Income attributable to redeemable non-controlling interests in Hamilton Lane Alliance Holdings I, Inc. | — | — | 5,617 |
| Less: Income attributable to non-controlling interests in consolidated funds | 2,769 | 4,980 | 435 |
| Net income attributable to Hamilton Lane Incorporated | $217,417 | $140,858 | $109,120 |
| Basic earnings per share of Class A common stock | $5.45 | $3.72 | $3.05 |
| Diluted earnings per share of Class A common stock | $5.41 | $3.69 | $3.01 |
| Dividends declared per share of Class A common stock | $1.96 | $1.78 | $1.60 |
Consolidated Statements of Comprehensive Income
| Year Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net income | $313,768 | $227,207 | $187,185 |
| Other comprehensive income, net of tax: | |||
| Foreign currency translation | (184) | — | — |
| Total other comprehensive income, net of tax | $(184) | $— | $— |
| Comprehensive income | $313,584 | $227,207 | $187,185 |
| Less: | |||
| Comprehensive income attributable to non-controlling interests in general partnerships | 739 | 534 | 986 |
| Comprehensive income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 92,800 | 80,835 | 71,027 |
| Comprehensive income attributable to redeemable non-controlling interests in Hamilton Lane Alliance Holdings I, Inc. | — | — | 5,617 |
| Comprehensive income attributable to non-controlling interests in consolidated funds | 2,769 | 4,980 | 435 |
| Total comprehensive income attributable to Hamilton Lane Incorporated | $217,276 | $140,858 | $109,120 |
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