Houlihan Lokey HLI Unbilled work in progress
Unbilled work in progress at other companies
Other financials
Where this comes from
Reported directly by Houlihan Lokey in its filing.
Tagged under the XBRL concept hli:IncreaseDecreaseinUnbilledWorkinProcessNetofAcquisition.
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 unbilled work in progress?
- Houlihan Lokey (HLI) reported unbilled work in progress of -$35.46M in Q1 2026.
- How has Houlihan Lokey's unbilled work in progress changed year-over-year?
- Houlihan Lokey's unbilled work in progress decreased by 168.8% year-over-year, from $51.51M to -$35.46M.
- What is the long-term trend for Houlihan Lokey's unbilled work in progress?
- Over 2 years (2024 to 2026), Houlihan Lokey's unbilled work in progress has grown at a 21.9% compound annual growth rate (CAGR), from -$77.48M to -$115.15M.
- What does unbilled work in progress mean?
- The change in the value of work completed but not yet invoiced to clients.
- How do you interpret unbilled work in progress?
- An increase represents a build-up of future revenue, but also a temporary tie-up of working capital.
- How does unbilled work in progress compare across companies?
- Common in consulting, legal, and investment banking firms where billing cycles are project-based.