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	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	691.66	553.84	528.75	367.92	341.64	274.05
Revenue Growth (YoY)	41.16%	4.74%	43.71%	7.69%	24.66%	8.67%
Cost of Revenue	259.68	204	198.41	129.17	136.32	100.14
Gross Profit	431.98	349.84	330.34	238.75	205.32	173.91
Selling, General & Admin	115.57	104.02	90.3	69.19	49.59	57.48
Operating Expenses	115.57	104.02	90.3	69.19	49.59	57.48
Operating Income	316.41	245.82	240.04	169.56	155.73	116.43
Interest Expense	-12.31	-11.18	-8.62	-4.64	-2.5	-2.82
Interest & Investment Income	6.97	10.01	5.11	0.5	1.68	0.71
Earnings From Equity Investments	43.37	36.49	6.54	79.3	30.27	20.25
Other Non Operating Income (Expenses)	16.63	0.68	-23.92	55.89	0.75	0.44
EBT Excluding Unusual Items	371.07	281.82	219.16	300.61	185.92	135.01
Gain (Loss) on Sale of Investments	0.17	-0.16	23.45	13.07	7.28	5.73
Pretax Income	371.24	281.66	242.61	313.68	193.2	140.74
Income Tax Expense	53.95	54.45	55.43	66.42	24.42	13.97
Earnings From Continuing Operations	317.29	227.21	187.19	247.25	168.79	126.78
Minority Interest in Earnings	-102.01	-86.35	-78.07	-101.27	-70.76	-65.95
Net Income	215.28	140.86	109.12	145.99	98.02	60.83
Preferred Dividends & Other Adjustments	-	-	-3.81	-0.95	4.64	-
Net Income to Common	215.28	140.86	112.93	146.94	93.39	60.83
Net Income Growth	74.20%	29.09%	-25.25%	48.93%	61.15%	81.17%
Shares Outstanding (Basic)	39	38	37	37	33	28
Shares Outstanding (Diluted)	54	54	54	54	33	28
Shares Change (YoY)	0.71%	0.38%	0.05%	60.88%	17.31%	17.04%
EPS (Basic)	5.47	3.72	3.05	4.02	2.82	2.17
EPS (Diluted)	5.42	3.69	3.01	3.98	2.81	2.15
EPS Growth	66.80%	22.67%	-24.36%	41.91%	30.44%	54.06%
Free Cash Flow	272.93	109.78	221.84	161	169.52	114.4
Free Cash Flow Per Share	5.03	2.04	4.13	3.00	5.08	4.02
Dividend Per Share	1.910	1.780	1.600	1.400	1.250	1.100
Dividend Growth	9.77%	11.25%	14.29%	12.00%	13.64%	29.41%
Gross Margin	62.46%	63.17%	62.48%	64.89%	60.10%	63.46%
Operating Margin	45.75%	44.38%	45.40%	46.09%	45.58%	42.48%
Profit Margin	31.13%	25.43%	21.36%	39.94%	27.33%	22.20%
Free Cash Flow Margin	39.46%	19.82%	41.96%	43.76%	49.62%	41.74%
EBITDA	325.89	254	247.48	175.06	159.86	119.72
EBITDA Margin	47.12%	45.86%	46.80%	47.58%	46.79%	43.69%
D&A For EBITDA	9.48	8.19	7.44	5.5	4.13	3.29
EBIT	316.41	245.82	240.04	169.56	155.73	116.43
EBIT Margin	45.75%	44.38%	45.40%	46.09%	45.58%	42.48%
Effective Tax Rate	14.53%	19.33%	22.85%	21.18%	12.64%	9.92%
Revenue as Reported	691.66	553.84	528.75	367.92	341.64	274.05

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