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Houlihan Lokey HLI Financial Restructuring — Goodwill

Other segment segments

Corporate Finance
$1.13B+10.8%
Financial Advisory Services
$105.32M+1.8%
Financial and Valuation Advisory
$105.04M+1.2%

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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:Goodwill.

The source filing: Houlihan Lokey’s 10-K, filed May 22, 2026.

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053
Line itemApril 1, 2025ChangeMarch 31, 2026
Corporate Finance (1)$1,017,983$110,015$1,127,998
Financial Restructuring162,815162,815
Financial and Valuation Advisory (2)103,7911,253105,044
Goodwill$1,284,589$111,268$1,395,857

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's financial restructuring — goodwill?
Houlihan Lokey (HLI) reported financial restructuring — goodwill of $162.82M in Q1 2026.
How has Houlihan Lokey's financial restructuring — goodwill changed year-over-year?
Houlihan Lokey's financial restructuring — goodwill decreased by 0.0% year-over-year, from $162.82M to $162.82M.
What is the long-term trend for Houlihan Lokey's financial restructuring — goodwill?
Over 4 years (2022 to 2026), Houlihan Lokey's financial restructuring — goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $651.26M to $651.26M.
What does financial restructuring — goodwill mean?
Represents the intangible asset value recorded when the Financial Restructuring segment was acquired or integrated into the firm. It reflects the premium paid over the fair value of net identifiable assets, indicating the segment's brand strength and market position.

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