FN2 Earnings Intelligence
Houlihan Lokey, Inc. cash flow (quarterly)
Houlihan Lokey, Inc. (HLI) Cash Flow (quarterly) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 6/30/2025 | 9/30/2025 | 12/31/2025 | 6/30/2026 | 9/30/2026 est. | 12/30/2026 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $799.3 | $793.8 | $923.6 | $1,056.5 | $745 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $634.4 | $605.3 | $659.5 | $717.1 | $511 | $625.9 | $752.6 |
| % Growth | - | - | - | - | - | -5.1% | 5.0% |
| Gross Profit | $199.1 | $187.8 | $222.8 | $230.7 | $154 | - | - |
| % Margin | 31.4% | 31.0% | 33.8% | 32.2% | 30.1% | - | - |
| EBITDA | $145.7 | $105.8 | $161.6 | $169 | $86 | - | - |
| % Margin | 23.0% | 17.5% | 24.5% | 23.6% | 16.8% | - | - |
| Net Income | $95.3 | $97.5 | $111.8 | $116.5 | $78 | - | - |
| % Margin | 15.0% | 16.1% | 17.0% | 16.3% | 15.3% | - | - |
| Diluted EPS | $1.39 | $1.42 | $1.63 | $1.70 | $1.15 | $1.63 | $2.01 |
| % Growth | - | - | - | - | - | -0.2% | 18.4% |
| Operating Cash Flow | - | -$131.6 | - | - | -$336 | - | - |
| CapEx | - | $13.2 | - | - | $6 | - | - |
| Free Cash Flow | - | -$144.8 | - | - | -$342 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 6/30/2025 | 9/30/2025 | 12/31/2025 | 6/30/2026 | 9/30/2026 est. | 12/30/2026 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $634.4 | $605.3 | $659.5 | $717.1 | $511 | $625.9 | $752.6 |
| Gross Profit | $199.1 | $187.8 | $222.8 | $230.7 | $154 | - | - |
| EBITDA | $145.7 | $105.8 | $161.6 | $169 | $86 | - | - |
| Net Income | $95.3 | $97.5 | $111.8 | $116.5 | $78 | - | - |
| Diluted EPS | $1.39 | $1.42 | $1.63 | $1.70 | $1.15 | $1.63 | $2.01 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 6/30/2025 | 9/30/2025 | 12/31/2025 | 6/30/2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $799.3 | $793.8 | $923.6 | $1,056.5 | $745 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 6/30/2025 | 9/30/2025 | 12/31/2025 | 6/30/2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -$131.6 | - | - | -$336 |
| Capital Expenditure | - | $13.2 | - | - | $6 |
| Free Cash Flow | - | -$144.8 | - | - | -$342 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2024 | 6/30/2025 | 9/30/2025 | 12/31/2025 | 6/30/2026 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | - | - |
| Gross Margin | 31.4% | 31.0% | 33.8% | 32.2% | 30.1% |
| EBITDA Margin | 23.0% | 17.5% | 24.5% | 23.6% | 16.8% |
| Net Margin | 15.0% | 16.1% | 17.0% | 16.3% | 15.3% |
| FCF Margin | - | -23.9% | - | - | -66.9% |
| Diluted EPS Growth | - | - | - | - | - |
Get the HLI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.