HOULIHAN LOKEY, INC.
Financial highlights
| Metric | FY 03/31/26 | FY 03/31/25 | FY 03/31/24 | FY 03/31/23 | FY 03/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.6B | $2.4B | $1.9B | $1.8B | $2.3B |
| Gross profit | — | $772.3M | $571.1M | $557.1M | $795.3M |
| Operating expenses | $2.1B | $1.9B | $1.5B | $1.5B | $1.7B |
| Operating income | $527.0M | $502.6M | $373.2M | $341.7M | $612.9M |
| Pretax income | $562.3M | $531.3M | $390.5M | $324.0M | $603.9M |
| Income tax expense | $138.1M | $131.6M | $110.2M | $69.8M | $165.6M |
| Net income | $425.7M | $399.7M | $280.3M | $254.2M | $437.8M |
| Balance Sheet | |||||
| Cash and equivalents | $1.2B | $971.0M | $721.2M | $714.4M | $833.7M |
| Total assets | $4.3B | $3.8B | $3.2B | $3.0B | $2.9B |
| Total liabilities | $1.9B | $1.6B | $1.3B | $1.4B | $1.4B |
| Stockholders' equity | $2.3B | $2.2B | $1.8B | $1.6B | $1.4B |
| Cash Flow Statement | |||||
| Cash from operations | $704.1M | $848.6M | $328.5M | $136.3M | $736.6M |
| Depreciation and amortization | $42.6M | $41.3M | $28.5M | $58.2M | $48.5M |
| Stock-based compensation | $201.3M | $168.4M | $166.6M | $156.9M | $91.9M |
| Capital expenditure | $22.3M | $39.7M | $66.7M | $50.7M | $8.7M |
| Free cash flow | $681.8M | $808.9M | $261.7M | $85.5M | $727.9M |
| Dividends paid | $174.0M | $165.2M | $148.5M | $140.4M | $114.8M |
| Share repurchases | $175.4M | $52.5M | $25.0M | $48.7M | $304.8M |
Shares outstanding 69.8M · Free float 76.0%
Annual filing data through FY ended March 31, 2026; float as of July 4, 2026.