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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$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:OperatingLeaseExpense.

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
(In thousands, except share and per share data)Year Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Employee compensation and benefits1,609,7701,469,4911,177,355
Acquisition related compensation and benefits73,62154,77736,234
Travel, meals, and entertainment72,43164,91765,298
Rent79,81077,88276,079
Depreciation and amortization42,63441,27028,536
Information technology and communications76,17069,40060,168
Professional fees45,14341,20249,077
Other operating expenses73,02368,93358,796

Item 8. Financial Statements and Supplementary Data

FAQ

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?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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