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Houlihan Lokey HLI Retained Earnings

Retained Earnings at other companies

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-$817.29M+1.0%
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-$135.62M+31.4%

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:RetainedEarningsAccumulatedDeficit.

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 data and par value)March 31, 2026March 31, 2025
Stockholders' equity:
Class A common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 54,220,275 and 53,822,189 shares, respectively5454
Class B common stock, $0.001 par value. Authorized 1,000,000,000 shares; issued and outstanding 15,266,333 and 16,021,106 shares, respectively1516
Additional paid-in capital746,118843,350
Retained earnings1,645,1001,394,738
Accumulated other comprehensive loss(48,910)(63,281)
Total stockholders' equity2,342,3772,174,877
Total liabilities, temporary equity and stockholders' equity$4,308,955$3,819,708

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's retained earnings?
Houlihan Lokey (HLI) reported retained earnings of $1.65B in Q1 2026.
How has Houlihan Lokey's retained earnings changed year-over-year?
Houlihan Lokey's retained earnings increased by 18.0% year-over-year, from $1.39B to $1.65B.
What is the long-term trend for Houlihan Lokey's retained earnings?
Over 5 years (2021 to 2026), Houlihan Lokey's retained earnings has grown at a 22.3% compound annual growth rate (CAGR), from $600.1M to $1.65B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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