What is Houlihan Lokey's financial restructuring — changes?

Houlihan Lokey (HLI) reported financial restructuring — changes of $0 in Q1 2026.

What does financial restructuring — changes mean?

The net change in the value of assets or liabilities held by the Financial Restructuring segment.

How do you interpret financial restructuring — changes?

Frequent changes may indicate volatility in asset valuation or accounting adjustments, while zero values suggest stability.

How does financial restructuring — changes compare across companies?

Often reported as 'other adjustments' or 'net changes' in segment reporting for financial services firms.

Houlihan Lokey HLI Financial Restructuring — Changes

Other segment segments

Corporate Finance

$103.33M+2,545%

Financial and Valuation Advisory

$1.25M—

Financial Advisory Services

$60K-99.5%

Similar metrics at other companies

GTLSOperating Segments — Restructuring Reserve Period Increase Decrease

-$700K—

FISCorporate and Other — Reallocation due to segment realignment

$16M—

IPCorporate Segment — Restructuring and other charges, net

$38M—

CNCOther — Reallocation

-$1M—

BKOther — Business realignment

$0—

ROperating Segments — Restructuring And Other Charges Recoveries Net

$7.06M+122%

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

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 restructuring — changes?: Houlihan Lokey (HLI) reported financial restructuring — changes of $0 in Q1 2026.
What does financial restructuring — changes mean?: The net change in the value of assets or liabilities held by the Financial Restructuring segment.
How do you interpret financial restructuring — changes?: Frequent changes may indicate volatility in asset valuation or accounting adjustments, while zero values suggest stability.
How does financial restructuring — changes compare across companies?: Often reported as 'other adjustments' or 'net changes' in segment reporting for financial services firms.