Hamilton Lane Incorporated (HLNE)

Name: Hamilton Lane Incorporated Financial Statements
Creator: Quarter Results

Financial Services | Asset Management

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$142M

Net Income

$31.2M

Operating Margin

47.5%

Free Cash Flow

$311M

Debt / Assets

45.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Hamilton Lane Incorporated (HLNE).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	142,436,000	190,880,000	175,958,000	197,972,000
Cost of Revenue	15,682,000	55,734,000	53,515,000	0
Gross Profit	126,754,000	135,146,000	122,443,000	197,972,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	59,124,000	55,431,000	45,468,000	0
Operating Expenses	59,124,000	55,431,000	45,468,000	197,972,000
Operating Income	67,630,000	79,715,000	76,975,000	0
Interest Expense	3,850,000	3,830,000	3,856,000	0
Income Before Tax	75,930,000	117,582,000	95,449,000	0
Income Tax Expense	18,223,000	13,978,000	18,379,000	0
Net Income	31,162,000	70,889,000	53,745,000	50,499,000
Per Share
EPS	1.40	1.71	1.30	1.24
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Hamilton Lane Incorporated (HLNE).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	712,963,000	553,842,000	528,753,000	367,919,000	341,635,000
Cost of Revenue	208,222,000	201,489,000	188,462,000	121,761,000	136,319,000
Gross Profit	504,741,000	352,353,000	340,291,000	246,158,000	205,316,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	188,189,000	103,403,000	100,251,000	76,594,000	49,588,000
Operating Expenses	188,189,000	103,403,000	100,251,000	76,594,000	49,588,000
Operating Income	316,552,000	248,950,000	251,227,000	318,310,000	155,728,000
Interest Expense	13,332,000	11,175,000	8,617,000	4,634,000	2,044,000
Income Before Tax	362,277,000	281,661,000	242,610,000	313,676,000	193,202,000
Income Tax Expense	48,509,000	54,454,000	55,425,000	66,423,000	24,417,000
Net Income	217,417,000	140,858,000	187,185,000	247,253,000	98,022,000
Per Share
EPS	5.45	3.69	5.05	6.77	2.82
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Hamilton Lane Incorporated (HLNE).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	277,273,000	114,634,000	111,748,000	72,174,000
Short Term Investments	0	0	0	0
Net Receivables	197,628,000	116,441,000	54,326,000	53,741,000
Inventory	0	0	185,499,000	1
Total Current Assets	492,490,000	247,133,000	180,695,000	412,812,000
Property Plant Equipment	98,999,000	95,438,000	90,752,000	94,478,000
Goodwill and Intangibles	12,450,000	14,150,000	25,417,000	31,699,000
Total Assets	1,690,355,000	1,271,200,000	1,140,543,000	1,294,946,000
Liabilities
Account Payables	5,469,000	4,505,000	4,559,000	2,827,000
Short Term Debt	0	0	25,270,000	9,779,000
Total Current Liabilities	293,160,000	247,370,000	210,033,000	223,429,000
Long Term Debt	368,320,000	275,192,000	292,350,000	253,570,000
Total Liabilities	766,460,000	595,242,000	566,351,000	557,460,000
Shareholders Equity
Retained Earnings	455,511,000	316,696,000	243,823,000	185,149,000
Total Shareholders Equity	717,281,000	525,153,000	415,444,000	346,878,000

Balance sheet annual history for Hamilton Lane Incorporated (HLNE).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	277,273,000	114,634,000	111,748,000	72,174,000	87,336,000
Short Term Investments	0	0	0	0	0
Net Receivables	197,628,000	116,441,000	54,326,000	53,741,000	31,697,000
Inventory	0	0	185,499,000	1	0
Total Current Assets	492,490,000	247,133,000	180,695,000	412,812,000	404,220,000
Property Plant Equipment	98,999,000	95,438,000	90,752,000	94,478,000	87,692,000
Goodwill and Intangibles	12,450,000	14,150,000	25,417,000	31,699,000	0
Total Assets	1,690,355,000	1,271,200,000	1,140,543,000	1,294,946,000	1,136,519,000
Liabilities
Account Payables	5,469,000	4,505,000	4,559,000	2,827,000	2,173,000
Short Term Debt	0	0	25,270,000	9,779,000	0
Total Current Liabilities	293,160,000	247,370,000	210,033,000	223,429,000	225,015,000
Long Term Debt	368,320,000	275,192,000	292,350,000	253,570,000	238,456,000
Total Liabilities	766,460,000	595,242,000	566,351,000	557,460,000	546,318,000
Shareholders Equity
Retained Earnings	455,511,000	316,696,000	243,823,000	185,149,000	87,512,000
Total Shareholders Equity	717,281,000	525,153,000	415,444,000	346,878,000	238,129,000

Cash flow quarterly history for Hamilton Lane Incorporated (HLNE).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	217,417,000	227,207,000	187,185,000	247,253,000
Depreciation & Amortization	9,284,000	8,186,000	7,443,000	5,495,000
Stock Based Compensation	0	12,133,000	9,950,000	7,404,000
Change in Working Capital	-60,860,000	-42,357,000	-23,811,000	-26,897,000
Operating Cash Flow	323,516,000	120,852,000	226,589,000	169,523,000
Investing Activities
Capital Expenditure	-12,156,000	-11,073,000	-4,747,000	-8,526,000
Investments	-12,156,000	-11,073,000	-4,747,000	-8,526,000
Investing Cash Flow	-139,811,000	-122,184,000	177,912,000	-70,487,000
Financing Activities
Debt Repayment	93,908,000	-17,500,000	-29,496,000	-16,840,000
Common Stock Issued/Repurchased	-2,669,000	198,162,000	-236,844,000	70,347,000
Dividends Paid	-119,800,000	-109,278,000	-135,853,000	-97,341,000
Financing Cash Flow	-19,618,000	4,399,000	-364,146,000	-113,216,000
Summary
Free Cash Flow	311,360,000	109,779,000	221,842,000	160,997,000
Net Change in Cash	163,985,000	3,067,000	40,355,000	-14,180,000

Cash flow annual history for Hamilton Lane Incorporated (HLNE).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	217,417,000	227,207,000	187,185,000	247,253,000	98,022,000
Depreciation & Amortization	9,284,000	8,186,000	7,443,000	5,495,000	4,134,000
Stock Based Compensation	0	12,133,000	9,950,000	7,404,000	7,079,000
Change in Working Capital	-60,860,000	-42,357,000	-23,811,000	-26,897,000	29,141,000
Operating Cash Flow	323,516,000	120,852,000	226,589,000	169,523,000	188,158,000
Investing Activities
Capital Expenditure	-12,156,000	-11,073,000	-4,747,000	-8,526,000	-19,637,000
Investments	-12,156,000	-11,073,000	-4,747,000	-8,526,000	-18,637,000
Investing Cash Flow	-139,811,000	-122,184,000	177,912,000	-70,487,000	-421,781,000
Financing Activities
Debt Repayment	93,908,000	-17,500,000	-29,496,000	-16,840,000	-1,406,000
Common Stock Issued/Repurchased	-2,669,000	198,162,000	-236,844,000	70,347,000	743,315,000
Dividends Paid	-119,800,000	-109,278,000	-135,853,000	-97,341,000	-74,044,000
Financing Cash Flow	-19,618,000	4,399,000	-364,146,000	-113,216,000	270,660,000
Summary
Free Cash Flow	311,360,000	109,779,000	221,842,000	160,997,000	168,521,000
Net Change in Cash	163,985,000	3,067,000	40,355,000	-14,180,000	37,167,000