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Houlihan Lokey HLI Payments To Acquire Businesses, Earnout Paid

Discontinued — last reported Q4 '26

Payments To Acquire Businesses, Earnout Paid at other companies

Brown & Brown logo
Brown & BrownBRO
$150M+477%
Arthur J. Gallagher logo
Arthur J. GallagherAJG
$115M+945%
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
$44.5M-5.5%
PTC logo
PTCPTC
$0
BEN
Franklin ResourcesBEN
$0
Church & Dwight logo
Church & DwightCHD
-$19.8M-236%

Other financials

Income statement

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Revenue$635.6M-4.6%
Gross profit$230.7M+15.9%
Operating income$125.1M-11.3%
Net income$99.8M-18.1%
EPS (diluted)$1.48-16.4%

Balance sheet

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Cash & equivalents$1.2B+22.5%
Total debt$492.1M+12.3%
Total assets$4.3B+12.8%

Cash flow

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Operating cash flow$293.0M-18.2%
CapEx$6.3M-56.8%
Free cash flow$286.8M-16.6%

Valuation

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Market cap$9.72B-11.5%
Enterprise value$9.02B-13.6%
P/E22.8×-4.7×
P/S3.7×-0.9×

Profitability

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Gross margin32.8%+1.4pp
Operating margin20.1%-0.9pp
Net margin16.3%-0.5pp
FCF margin26%-7.8pp

Returns & leverage

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Return on equity9.5%

Where this comes from

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept hli:PaymentsToAcquireBusinessesEarnoutPaid.

The official record: Houlihan Lokey’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Houlihan Lokey's payments to acquire businesses, earnout paid?
Houlihan Lokey (HLI) reported payments to acquire businesses, earnout paid of $185.25K in Q1 2026.
How has Houlihan Lokey's payments to acquire businesses, earnout paid changed year-over-year?
Houlihan Lokey's payments to acquire businesses, earnout paid decreased by 92.4% year-over-year, from $2.43M to $185.25K.
What is the long-term trend for Houlihan Lokey's payments to acquire businesses, earnout paid?
Over 4 years (2022 to 2026), Houlihan Lokey's payments to acquire businesses, earnout paid has grown at a -40.5% compound annual growth rate (CAGR), from $5.92M to $741K.
What does payments to acquire businesses, earnout paid mean?
Cash paid to sellers of acquired companies after they meet performance goals.
How do you interpret payments to acquire businesses, earnout paid?
Higher payments indicate that acquired businesses are successfully meeting their growth or profitability targets.
How does payments to acquire businesses, earnout paid compare across companies?
Standard for firms that grow through M&A; reflects the success of integration and performance-based deal structures.