Hamilton Lane Incorporated (HLNE)

Hamilton Lane Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	625.54	553.84	528.75	367.92	341.64	274.05
Revenue Growth (YoY)	20.69%	4.74%	43.71%	7.69%	24.66%	8.67%
Cost of Revenue	238.34	204	198.41	129.17	136.32	100.14
Gross Profit	387.2	349.84	330.34	238.75	205.32	173.91
Selling, General & Admin	106.71	104.02	90.3	69.19	49.59	57.48
Operating Expenses	106.71	104.02	90.3	69.19	49.59	57.48
Operating Income	280.49	245.82	240.04	169.56	155.73	116.43
Interest Expense	-11.23	-11.18	-8.62	-4.64	-2.5	-2.82
Interest & Investment Income	8.11	10.01	5.11	0.5	1.68	0.71
Earnings From Equity Investments	32.81	36.49	6.54	79.3	30.27	20.25
Other Non Operating Income (Expenses)	6.84	0.68	-23.92	55.89	0.75	0.44
EBT Excluding Unusual Items	317.03	281.82	219.16	300.61	185.92	135.01
Gain (Loss) on Sale of Investments	3.67	-0.16	23.45	13.07	7.28	5.73
Pretax Income	320.69	281.66	242.61	313.68	193.2	140.74
Income Tax Expense	57.74	54.45	55.43	66.42	24.42	13.97
Earnings From Continuing Operations	262.95	227.21	187.19	247.25	168.79	126.78
Minority Interest in Earnings	-94.13	-86.35	-78.07	-101.27	-70.76	-65.95
Net Income	168.82	140.86	109.12	145.99	98.02	60.83
Preferred Dividends & Other Adjustments	-	-	-3.81	-0.95	4.64	-
Net Income to Common	168.82	140.86	112.93	146.94	93.39	60.83
Net Income Growth	58.32%	29.09%	-25.25%	48.93%	61.15%	81.17%
Shares Outstanding (Basic)	38	38	37	37	33	28
Shares Outstanding (Diluted)	54	54	54	54	33	28
Shares Change (YoY)	0.40%	0.38%	0.05%	60.88%	17.31%	17.04%
EPS (Basic)	4.40	3.72	3.05	4.02	2.82	2.17
EPS (Diluted)	4.36	3.69	3.01	3.98	2.81	2.15
EPS Growth	49.90%	22.67%	-24.36%	41.91%	30.44%	54.06%
Free Cash Flow	133.43	109.78	221.84	161	169.52	114.4
Free Cash Flow Per Share	2.47	2.04	4.13	3.00	5.08	4.02
Dividend Per Share	1.820	1.780	1.600	1.400	1.250	1.100
Dividend Growth	10.30%	11.25%	14.29%	12.00%	13.64%	29.41%
Gross Margin	61.90%	63.17%	62.48%	64.89%	60.10%	63.46%
Operating Margin	44.84%	44.38%	45.40%	46.09%	45.58%	42.48%
Profit Margin	26.99%	25.43%	21.36%	39.94%	27.33%	22.20%
Free Cash Flow Margin	21.33%	19.82%	41.96%	43.76%	49.62%	41.74%
EBITDA	289.12	254	247.48	175.06	159.86	119.72
EBITDA Margin	46.22%	45.86%	46.80%	47.58%	46.79%	43.69%
D&A For EBITDA	8.63	8.19	7.44	5.5	4.13	3.29
EBIT	280.49	245.82	240.04	169.56	155.73	116.43
EBIT Margin	44.84%	44.38%	45.40%	46.09%	45.58%	42.48%
Effective Tax Rate	18.01%	19.33%	22.85%	21.18%	12.64%	9.92%
Revenue as Reported	625.54	553.84	528.75	367.92	341.64	274.05

Source: S&P Capital IQ. Standard template. Financial Sources.