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Hamilton Lane HLNE Effective tax rates

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Other financials

Income statement

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Revenue$193.6M-2.2%
Net income$66.2M+31.0%
EPS (diluted)$1.48+9.4%

Balance sheet

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Cash & equivalents$348.0M+6.3%
Total debt$356.5M-3.2%
Total equity$915.2M+27.6%
Total assets$2.3B+36.4%

Cash flow

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Operating cash flow$103.0M+162%
CapEx$1.7M-49.3%
Free cash flow$101.2M+182%

Valuation

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Market cap$5.57B-16.1%
P/E22.3×-8.9×
P/S7.3×-2.3×

Profitability

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Net margin32.8%+2.3pp
FCF margin55.2%+14.7pp

Returns & leverage

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Return on equity30.5%-4.5pp
Debt / equity0.4×-0.1×

Where this comes from

Reported directly by Hamilton Lane in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: Hamilton Lane’s 10-Q, filed February 3, 2026.

Filed
Feb 3, 2026, 4:18 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0001433642-26-000007

The Company’s effective tax rates were 22.7% and 14.1% for the three months ended December 31, 2025 and 2024, respectively, and 17.9% and 12.3% for the nine months ended December 31, 2025 and 2024, respectively. The effective tax rates were different from the statutory tax rates due to income allocated to NCI, change in valuation allowance recorded against deferred tax assets and discrete tax adjustments to true-up prior fiscal year estimated investment taxable income to actual investment taxable income reported to the Company after the prior fiscal year end.

Item 1. Financial Statements

FAQ

What is Hamilton Lane's effective tax rates?
Hamilton Lane (HLNE) reported effective tax rates of $0.23 in Q4 2025.
How has Hamilton Lane's effective tax rates changed year-over-year?
Hamilton Lane's effective tax rates increased by 61.0% year-over-year, from $0.14 to $0.23.

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