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Houlihan Lokey HLI Q1 2026 earnings

Reported July 29, 2025 · After market close

Revenue estimate$580.0M
EPS estimate$1.68

Next report

Aug 4, 2026 (in a month)
Revenue estimate$632.3M
EPS estimate$1.83

Financials

Q1 2026

Income statement

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Revenue$605.3M+17.9%
Gross profit$187.8M+19.4%
Operating income$89.8M-5.2%
Net income$97.5M+9.7%
EPS (diluted)$1.42+9.2%

Balance sheet

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Cash & equivalents$793.8M+76.5%
Total debt$440.4M+1.2%
Total assets$3.5B+19.5%

Cash flow

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Operating cash flow-$131.6M-104%
CapEx$13.2M+21.3%
Free cash flow-$144.8M-92.1%

Valuation & ratios

Q1 2026

Valuation

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Market cap$12.55B+35.7%
Enterprise value$12.2B+32.1%
P/E30.7×+0.7×
P/S5.1×+0.5×

Profitability

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Gross margin32.4%+2.1pp
Operating margin20.1%+0.4pp
Net margin16.5%+1.2pp
FCF margin29.8%+13.1pp

Segments

By segment

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Corporate Finance$436.2M+14.3%
Financial Restructuring$132.2M-2.9%
Financial Advisory Services$78.6M+16.0%

Versus estimates

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Questions, answered.

When did Houlihan Lokey report Q1 2026 earnings?
Houlihan Lokey (HLI) reported Q1 2026 earnings on July 29, 2025 after market close.
What were Houlihan Lokey's Q1 2026 revenue and EPS?
Houlihan Lokey reported revenue of $605.3M and diluted EPS of $2.14 for Q1 2026.
Did Houlihan Lokey beat estimates in Q1 2026?
Revenue beat the consensus estimate of $580.0M by $25.3M. EPS beat the consensus estimate of $1.68 by $0.46.
How did Houlihan Lokey's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.9% from $513.6M a year earlier and diluted EPS grew 75.4% from $1.22.
Where can I find Houlihan Lokey's Q1 2026 SEC filings?
You can read the 10-Q periodic report (0001302215-25-000092) directly on SEC EDGAR. The filing index links above go to sec.gov.