What does financial and valuation advisory — changes mean?

The net periodic change in the accounting value of assets or liabilities for this business segment.

How do you interpret financial and valuation advisory — changes?

An increase may indicate asset growth or accounting adjustments, while a decrease could signal asset write-downs or liability settlements.

How does financial and valuation advisory — changes compare across companies?

Varies significantly by company accounting policy; often represents specific balance sheet reconciliations.

Houlihan Lokey HLI Financial and Valuation Advisory — Changes

Other segment segments

Corporate Finance

$103.33M+2,545%

Financial Advisory Services

$60K-99.5%

Financial Restructuring

$0—

Similar metrics at other companies

CBREAdvisory Services — Reallocation

$0+100%

LENFinancial Services — Assets, Fair Value Adjustment

-$528.25K—

HUTFair Value Adjustment Of Other Financial Liabilities

-$661K-158%

BRGlobal Technology and Operations — Fair value adjustments

$0—

BRInvestor Communication Solutions — Fair value adjustments

-$800K—

VOYAWealth Solutions — Separate Account, Liability, Increase (Decrease) from Other Change

——

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

See full

Cash & equivalents$1.2B+22.5%

Total debt$492.1M+12.3%

Total assets$4.3B+12.8%

Cash flow

See full

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

See full

Gross margin32.8%+1.4pp

Operating margin20.1%-0.9pp

Net margin16.3%-0.5pp

FCF margin26%-7.8pp

Returns & leverage

See full

Return on equity9.5%—

Where this comes from

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPeriodIncreaseDecrease.

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 financial and valuation advisory — changes?: Houlihan Lokey (HLI) reported financial and valuation advisory — changes of $313.25K in Q1 2026.
What does financial and valuation advisory — changes mean?: The net periodic change in the accounting value of assets or liabilities for this business segment.
How do you interpret financial and valuation advisory — changes?: An increase may indicate asset growth or accounting adjustments, while a decrease could signal asset write-downs or liability settlements.
How does financial and valuation advisory — changes compare across companies?: Varies significantly by company accounting policy; often represents specific balance sheet reconciliations.