Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2025 Rev YoY: +24.1% EPS YoY: +31.8% Move: -0.08%

Houlihan Lokey Inc

HLI

$172.83 -0.08%

Exchange NYSE Sector Financial Services Industry Financial Capital Markets

Q3 2025

Published: Feb 4, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for HLI

Reported

Report Date

Feb 4, 2025

Quarter Q3 2025

Revenue

634.43M

YoY: +24.1%

EPS

1.39

YoY: +31.8%

Market Move

-0.08%

Previous quarter: Q2 2025

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Earnings Highlights

Revenue of $634.43M up 24.1% year-over-year
EPS of $1.39 increased by 31.8% from previous year
Gross margin of 32.2%
Net income of 95.30M
""Revenues were up 24% and adjusted earnings per share were up 34% compared to the same period last year." - Scott Adelson, CEO" - Scott Adelson

HLI

Houlihan Lokey Inc

Period Q3 2025

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

Houlihan Lokey, Inc. (NYSE: HLI) reported compelling financial performance in Q3 2025, with revenues reaching $634.4 million, a 24% increase year-over-year. Adjusted earnings per share (EPS) surged 34% to $1.64, indicating substantial profitability growth. The company's Corporate Finance and Financial Valuation Advisory segments benefited from a revitalized M&A market, while Financial Restructuring demonstrated resilience amid persistent high interest rates. Management expressed optimism for the remainder of the fiscal year and into 2026, citing expected improvements in market conditions and increased deal activity as key contributors to growth.

Key Performance Indicators

Revenue

Increasing

634.43M

QoQ: 10.34% | YoY: 24.12%

Gross Profit

Increasing

204.05M

32.16% margin

QoQ: -7.82% | YoY: 9.07%

Operating Income

Increasing

136.10M

QoQ: 4.16% | YoY: 40.98%

Net Income

Increasing

95.30M

QoQ: 1.87% | YoY: 34.60%

EPS

Increasing

1.45

QoQ: 2.11% | YoY: 31.82%

Revenue Trend

Margin Analysis

Financial Highlights

The Q3 results showcased the following key metrics:

Revenue: $634.4 million, a 24% YoY increase and a 10.3% QoQ increase.
Gross Profit: $204.1 million, with a gross profit margin of 32.2%.
Operating Income: $136.1 million, reflecting a robust operating income margin of 21.5%.
Net Income: $95.3 million, resulting in a net profit margin of 15.0%.
Adjusted EPS: $1.64, demonstrating a 34% increase compared to last year.

Management highlighted ongoing improvements across all business lines, with Corporate Finance revenues growing by 36% year-over-year. Financial and Valuation Advisory rose 14%, supported by a stronger M&A environment. These metrics underpin the firm's solid operational health and strategic positioning.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	634.43M	24.12%	10.34%
Gross Profit	204.05M	9.07%	-7.82%
Operating Income	136.10M	40.98%	4.16%
Net Income	95.30M	34.60%	1.87%
EPS	1.45	31.82%	2.11%

Key Financial Ratios

Gross Profit Margin

Fair

32.20%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

21.50%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

15.00%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.74%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

4.58%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.40

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.21

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Growth

29.99x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

Premium

5.49x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	605.35	1.42	+17.9%	View
Q4 2025	666.42	1.76	+28.1%	View
Q3 2025	634.43	1.39	+24.1%	View
Q2 2025	574.96	1.37	+23.1%	View
Q1 2025	513.61	1.30	+23.5%	View

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Houlihan Lokey Inc (HLI) Q3 2025 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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