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Houlihan Lokey HLI Financial Advisory Services — Total Assets

Other segment segments

Corporate Finance
$1.48B+12.5%
Financial and Valuation Advisory
$223.01M+7.6%
Financial Restructuring
$179.07M-0.2%

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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$8.96B-33.6%
Enterprise value$8.26B-37.2%
P/E21×-12.0×
P/S3.4×-2.0×

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 us-gaap:Assets.

The source filing: Houlihan Lokey’s 10-Q, filed February 3, 2026.

Filed
Feb 3, 2026, 4:38 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0001302215-26-000007
Line itemDecember 31, 2025March 31, 2025
Assets by segment
Corporate Finance$1,324,381$1,312,291
Financial Restructuring186,832179,498
Financial and Valuation Advisory220,915207,162
Total segment assets1,732,1281,698,951
Corporate assets2,204,6272,120,757
Total assets$3,936,755$3,819,708

Item 1. Financial Statements

FAQ

What is Houlihan Lokey's financial advisory services — total assets?
Houlihan Lokey (HLI) reported financial advisory services — total assets of $220.92M in Q4 2025.
How has Houlihan Lokey's financial advisory services — total assets changed year-over-year?
Houlihan Lokey's financial advisory services — total assets increased by 12.7% year-over-year, from $195.97M to $220.92M.
What is the long-term trend for Houlihan Lokey's financial advisory services — total assets?
Over 3 years (2022 to 2025), Houlihan Lokey's financial advisory services — total assets has grown at a 7.2% compound annual growth rate (CAGR), from $603.75M to $743.42M.
What does financial advisory services — total assets mean?
This represents the total value of assets directly associated with or allocated to the Financial Advisory Services segment. It includes items such as accounts receivable, capitalized costs, and segment-specific equipment or intangible assets. This metric helps in assessing the capital intensity and asset utilization of the advisory business.

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