Houlihan Lokey Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	1,056	971.01	721.24	714.44	833.7	846.85
Short-Term Investments	127.6	195.62	38.01	37.31	109.14	208.62
Cash & Short-Term Investments	1,184	1,167	759.24	751.75	942.84	1,055
Cash Growth	31.14%	53.66%	1.00%	-20.27%	-10.67%	104.64%
Restricted Cash and Segregated Assets	-	-	0.62	0.37	0.37	0.37
Accounts Receivable	443.55	415.09	391.64	297.07	248.78	226.52
Other Receivables	-	-	32.86	17.69	-	-
Total Current Assets	1,628	1,582	1,184	1,067	1,192	1,282
Net Property, Plant & Equipment	556.57	512.02	480.73	422.22	224.12	198.4
Other Intangible Assets	199.6	212.67	197.44	203.37	247.33	195.16
Goodwill	1,293	1,285	1,127	1,088	1,070	671.07
Other Long-Term Assets	260.16	228.71	180.74	188.55	152.92	79.08
Total Assets	3,937	3,820	3,171	2,969	2,887	2,426
Accounts Payable	107.66	137.23	114.17	113.42	126.19	67.47
Accrued Expenses	881.13	936.62	726.03	765.88	953.6	648.4
Short-Term Debt	-	-	-	-	0.54	0.82
Unearned Revenue	-	-	33.14	40.7	28.75	27.87
Other Current Liabilities	-	-	-	-	61.27	68.34
Total Current Liabilities	988.79	1,074	873.34	919.99	1,170	812.89
Long-Term Leases	497.13	438.19	415.41	374.87	197.09	174.52
Other Long-Term Liabilities	157.07	132.8	45.26	60.66	75.66	55.1
Total Long-Term Liabilities	654.2	570.98	460.67	435.52	272.75	229.61
Total Liabilities	1,643	1,645	1,334	1,356	1,443	1,043
Common Stock	0.07	0.07	0.07	0.07	0.07	0.07
Additional Paid-in Capital	734.49	843.35	739.87	642.97	564.76	803.57
Accumulated Other Comprehensive Income	-29.47	-63.28	-66.61	-62.81	-43.35	-20.18
Retained Earnings	1,589	1,395	1,163	1,033	922.22	600.1
Shareholders' Equity	2,294	2,175	1,837	1,613	1,444	1,384
Total Liabilities & Equity	3,937	3,820	3,171	2,969	2,887	2,426
Total Debt	497.13	438.19	415.41	374.87	197.63	175.33
Net Cash (Debt)	686.95	728.45	343.83	376.88	745.21	880.14
Net Cash Growth	-5.70%	111.86%	-8.77%	-49.43%	-15.33%	146.63%
Net Cash Per Share	9.99	10.61	5.04	5.58	10.92	12.82
Book Value	2,294	2,175	1,837	1,613	1,444	1,384
Book Value Per Share	33.35	31.68	26.95	23.87	21.15	20.15
Tangible Book Value	801.37	677.62	511.81	322.14	125.93	517.34
Tangible Book Value Per Share	11.65	9.87	7.51	4.77	1.84	7.53

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q