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Houlihan Lokey HLI Occupancy and equipment

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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$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 us-gaap:OperatingLeaseExpense.

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 occupancy and equipment?
Houlihan Lokey (HLI) reported occupancy and equipment of $24.31M in Q1 2026.
How has Houlihan Lokey's occupancy and equipment changed year-over-year?
Houlihan Lokey's occupancy and equipment increased by 14.8% year-over-year, from $21.17M to $24.31M.
What is the long-term trend for Houlihan Lokey's occupancy and equipment?
Over 4 years (2022 to 2026), Houlihan Lokey's occupancy and equipment has grown at a 13.7% compound annual growth rate (CAGR), from $47.75M to $79.81M.
What does occupancy and equipment mean?
The costs associated with renting office space and maintaining business equipment.
How do you interpret occupancy and equipment?
Stable or declining costs relative to revenue suggest efficient space utilization, while rising costs may indicate physical expansion or inflationary pressures on real estate.
How does occupancy and equipment compare across companies?
Standard overhead metric across all industries with physical office requirements.