HOULIHAN LOKEY, INC. (HLI)
Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014
Balance Sheet Date2026-Mar-312025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-30
Fiscal PeriodQ4-FY2026Q3-FY2026Q2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016
Operating Cash Flow293,033,000$217,682,000$325,046,000$(131,630,000$)358,384,000$265,514,000$289,222,000$(64,511,000$)225,310,000$100,896,000$135,820,000$(133,568,000$)238,148,000$91,042,000$85,103,000$(278,020,000$)64,469,000$552,017,000$210,211,000$(90,093,000$)272,653,000$308,514,000$113,910,000$(115,240,000$)176,911,000$97,615,000$122,352,000$(109,209,000$)132,211,000$76,206,000$134,831,000$(118,974,000$)109,933,000$72,995,000$128,674,000$(60,955,000$)100,210,000$113,218,000$106,368,000$(67,776,000$)48,028,000$22,738,000$(106,489,000$)73,373,000$105,821,000$
Investing Cash Flow(49,603,000$)56,409,000$(114,278,000$)109,648,000$(106,349,000$)(87,398,000$)(30,879,000$)(40,432,000$)(14,688,000$)(22,744,000$)(20,613,000$)(12,361,000$)(39,462,000$)(17,007,000$)(14,737,000$)68,202,000$(127,562,000$)(311,166,000$)5,842,000$158,972,000$22,319,000$(60,888,000$)(70,408,000$)9,229,000$(48,052,000$)(19,967,000$)(58,606,000$)93,481,000$(87,678,000$)(14,874,000$)(12,191,000$)121,202,000$(79,673,000$)(71,228,000$)(44,391,000$)(23,292,000$)(8,031,000$)(5,025,000$)(1,051,000$)12,454,000$(3,209,000$)19,492,000$47,605,000$117,082,000$(60,509,000$)(101,212,000$)
Purchases of Property and Equipment6,250,000$639,000$2,238,000$13,185,000$14,481,000$3,850,000$10,496,000$10,872,000$12,223,000$15,580,000$23,273,000$15,654,000$19,085,000$13,850,000$13,311,000$4,485,000$1,126,000$5,054,000$1,097,000$1,403,000$3,146,000$4,456,000$3,052,000$3,494,000$3,751,000$2,691,000$6,839,000$7,441,000$2,190,000$1,337,000$2,176,000$1,023,000$1,538,000$652,000$2,311,000$3,218,000$1,591,000$4,756,000$622,000$7,454,000$4,598,000$2,230,000$971,000$1,565,000$1,293,000$
Financing Cash Flow(92,784,000$)(131,395,000$)(72,137,000$)(196,628,000$)(91,085,000$)(37,359,000$)(39,127,000$)(161,499,000$)(36,147,000$)(35,605,000$)(67,683,000$)(111,150,000$)(32,623,000$)(38,902,000$)(45,266,000$)(123,671,000$)(149,084,000$)(102,474,000$)(73,784,000$)(133,718,000$)(84,004,000$)(42,609,000$)(45,492,000$)145,282,000$(20,875,000$)(25,563,000$)(48,955,000$)(56,746,000$)(17,246,000$)(33,508,000$)(36,980,000$)(148,404,000$)75,283,000$(50,186,000$)(22,952,000$)(227,456,000$)143,976,000$(6,869,000$)(53,138,000$)(3,801,000$)(9,735,000$)(8,260,000$)(94,303,000$)(1,912,000$)(1,097,000$)183,000$
End Cash Position1,189,454,000$1,056,482,000$923,576,000$793,823,000$971,007,000$799,340,000$691,410,000$449,697,000$721,235,000$555,532,000$493,929,000$456,116,000$714,439,000$549,422,000$503,806,000$488,949,000$833,697,000$1,058,603,000$923,009,000$782,194,000$846,851,000$633,659,000$421,967,000$422,164,000$380,373,000$276,735,000$220,248,000$211,731,000$285,746,000$256,401,000$227,599,000$144,244,000$206,723,000$197,178,000$245,356,000$183,221,000$300,314,000$253,605,000$156,067,000$105,972,000$166,169,000$131,927,000$97,777,000$97,687,000$88,662,000$76,630,000$73,110,000$
Exchange Rate Effect(18,082,000$)(9,790,000$)(8,629,000$)41,427,000$13,837,000$(32,827,000$)23,330,000$(5,096,000$)(8,526,000$)19,056,000$(9,711,000$)(1,244,000$)(1,046,000$)10,483,000$(10,243,000$)(11,259,000$)(12,729,000$)(2,783,000$)(1,454,000$)182,000$2,224,000$6,675,000$1,793,000$2,520,000$(4,346,000$)4,403,000$(6,273,000$)(1,539,000$)2,059,000$980,000$(2,305,000$)(9,437,000$)(2,498,000$)241,000$804,000$2,238,000$
Dividends Paid39,157,000$40,628,000$41,776,000$52,476,000$38,517,000$37,026,000$38,404,000$51,270,000$35,554,000$35,510,000$35,419,000$41,971,000$32,341,000$34,231,000$33,322,000$40,490,000$27,447,000$27,855,000$28,299,000$31,205,000$21,704,000$21,889,000$22,166,000$26,247,000$19,551,000$18,894,000$19,323,000$22,887,000$16,644,000$16,710,000$16,731,000$16,843,000$12,597,000$14,590,000$12,407,000$12,487,000$19,413,000$10,389,000$10,419,000$15,072,000$8,909,000$8,913,000$915,000$1,147,000$(1,147,000$)
Unlevered Free Cash Flow286,783,000$217,043,000$322,808,000$(144,815,000$)343,903,000$261,664,000$278,726,000$(75,383,000$)213,087,000$85,316,000$112,547,000$(149,222,000$)219,063,000$77,192,000$71,792,000$(282,505,000$)63,343,000$546,963,000$209,114,000$(91,496,000$)269,507,000$304,058,000$110,858,000$(118,734,000$)173,160,000$94,924,000$115,513,000$(116,650,000$)130,021,000$74,869,000$132,655,000$(119,997,000$)108,395,000$72,343,000$126,363,000$(64,173,000$)98,619,000$108,462,000$105,746,000$(75,230,000$)43,430,000$20,508,000$(107,460,000$)71,808,000$104,528,000$