Hamilton Lane Incorporated (HLNE)

Hamilton Lane Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	763.4	712.96	553.84	528.75	367.92	341.64
Revenue Growth (YoY)	10.37%	28.73%	4.75%	43.71%	7.69%	24.66%
Cost of Revenue	303.57	274.5	204	198.41	129.17	136.32
Gross Profit	459.83	438.47	349.84	330.34	238.75	205.32
Selling, General & Admin	133.1	121.91	104.02	90.3	69.19	49.59
Operating Expenses	133.1	121.91	104.02	90.3	69.19	49.59
Operating Income	326.73	316.55	245.82	240.04	169.56	155.73
Interest Expense	-15.19	-13.33	-11.18	-8.62	-4.64	-2.5
Interest & Investment Income	12.85	8.08	10.01	5.11	0.5	1.68
Earnings From Equity Investments	45.69	30.63	36.49	6.54	79.3	30.27
Other Non Operating Income (Expenses)	-9.84	-2.37	-1.89	-38.2	51.4	0.75
EBT Excluding Unusual Items	360.23	339.56	279.25	204.88	296.13	185.92
Gain (Loss) on Sale of Investments	61.11	22.72	2.41	37.73	17.55	7.28
Pretax Income	421.34	362.28	281.66	242.61	313.68	193.2
Income Tax Expense	74.56	48.51	54.45	55.43	66.42	24.42
Earnings From Continuing Operations	346.78	313.77	227.21	187.19	247.25	168.79
Minority Interest in Earnings	-113.27	-96.35	-86.35	-78.07	-101.27	-70.76
Net Income	233.51	217.42	140.86	109.12	145.99	98.02
Preferred Dividends & Other Adjustments	-	-	-	-3.81	-0.95	4.64
Net Income to Common	233.51	217.42	140.86	112.93	146.94	93.39
Net Income Growth	8.47%	54.35%	29.09%	-25.25%	48.93%	61.15%
Shares Outstanding (Basic)	41	40	38	37	37	33
Shares Outstanding (Diluted)	41	40	54	54	54	33
Shares Change (YoY)	-23.82%	-25.22%	0.38%	0.04%	60.88%	17.31%
EPS (Basic)	5.65	5.45	3.72	3.05	4.02	2.82
EPS (Diluted)	5.54	5.41	3.69	3.01	3.98	2.81
EPS Growth	2.28%	46.35%	22.67%	-24.36%	41.91%	30.44%
Free Cash Flow	353.68	288.66	109.78	221.84	161	169.52
Free Cash Flow Per Share	8.56	7.16	2.04	4.13	3.00	5.08
Dividend Per Share	2.110	1.960	1.780	1.600	1.400	1.250
Dividend Growth	10.47%	10.11%	11.25%	14.29%	12.00%	13.64%
Gross Margin	60.23%	61.50%	63.17%	62.48%	64.89%	60.10%
Operating Margin	42.80%	44.40%	44.38%	45.40%	46.09%	45.58%
Profit Margin	30.59%	30.50%	25.43%	21.36%	39.94%	27.33%
Free Cash Flow Margin	46.33%	40.49%	19.82%	41.96%	43.76%	49.62%
EBITDA	336.42	325.84	254	247.48	175.06	159.86
EBITDA Margin	44.07%	45.70%	45.86%	46.80%	47.58%	46.79%
D&A For EBITDA	9.7	9.29	8.19	7.44	5.5	4.13
EBIT	326.73	316.55	245.82	240.04	169.56	155.73
EBIT Margin	42.80%	44.40%	44.38%	45.40%	46.09%	45.58%
Effective Tax Rate	17.70%	13.39%	19.33%	22.84%	21.18%	12.64%
Revenue as Reported	763.4	712.96	553.84	528.75	367.92	341.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q