Hamilton Lane INC
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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, 2025 · Filed Nov 4, 2025
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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Condensed Consolidated Statements of Income for theand
Condensed Consolidated Statements of Income
(In thousands, except per share amounts)
| Three Months EndedSeptember 30, | Six Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | ||||
| Management and advisory fees | $142,127 | $119,783 | $275,822 | $259,745 |
| Incentive fees | 44,551 | 30,216 | 86,813 | 86,985 |
| Consolidated Funds and Partnerships: | ||||
| Incentive fees | 4,202 | — | 4,202 | — |
| Total revenues | 190,880 | 149,999 | 366,837 | 346,730 |
| Expenses | ||||
| Compensation and benefits | 76,986 | 55,070 | 146,541 | 133,504 |
| General, administrative and other | 33,549 | 27,737 | 62,492 | 56,274 |
| Consolidated Funds and Partnerships: | ||||
| General, administrative and other | 630 | — | 1,114 | 149 |
| Total expenses | 111,165 | 82,807 | 210,147 | 189,927 |
| Other income (expense) | ||||
| Equity in income of investees | 20,069 | 6,372 | 29,508 | 13,762 |
| Interest expense | (3,830) | (2,704) | (7,687) | (5,651) |
| Interest income | 2,643 | 1,406 | 5,438 | 2,171 |
| Non-operating gain, net | 35 | 1,437 | 482 | 11,251 |
| Consolidated Funds and Partnerships: | ||||
| Equity in income of investees | 551 | 957 | 1,421 | 1,884 |
| Net gain on investments | 17,927 | 2,342 | 26,466 | 3,539 |
| Interest income | 472 | 92 | 711 | 108 |
| Total other income (expense) | 37,867 | 9,902 | 56,339 | 27,064 |
| Income before income taxes | 117,582 | 77,094 | 213,029 | 183,867 |
| Income tax expense | 13,978 | 1,172 | 32,356 | 20,859 |
| Net income | 103,604 | 75,922 | 180,673 | 163,008 |
| Less: Income attributable to non-controlling interests in Partnerships | 240 | 388 | 383 | 733 |
| Less: Income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 25,337 | 19,850 | 47,057 | 47,495 |
| Less: Income attributable to non-controlling interests in Consolidated Funds | 7,138 | 702 | 8,599 | 834 |
| Net income attributable to Hamilton Lane Incorporated | $70,889 | $54,982 | $124,634 | $113,946 |
| Basic earnings per share of Class A common stock | $1.71 | $1.38 | $3.01 | $2.87 |
| Diluted earnings per share of Class A common stock | $1.69 | $1.37 | $2.98 | $2.85 |
| Dividends declared per share of Class A common stock | $0.54 | $0.49 | $1.08 | $0.98 |
Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedSeptember 30, | Six Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net income | $103,604 | $75,922 | $180,673 | $163,008 |
| Other comprehensive income, net of tax | ||||
| Foreign currency translation | 1,433 | — | 1,799 | — |
| Total other comprehensive income, net of tax | $1,433 | $— | $1,799 | $— |
| Comprehensive income | 105,037 | 75,922 | 182,472 | 163,008 |
| Less: | ||||
| Comprehensive income attributable to non-controlling interests in Partnerships | 240 | 388 | 383 | 733 |
| Comprehensive income attributable to non-controlling interests in Hamilton Lane Advisors, L.L.C. | 25,662 | 19,850 | 47,469 | 47,495 |
| Comprehensive income attributable to non-controlling interests in Consolidated Funds | 7,166 | 702 | 8,628 | 834 |
| Total comprehensive income attributable to Hamilton Lane Incorporated | $71,969 | $54,982 | $125,992 | $113,946 |
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