Hamilton Lane Incorporated (HLNE)

Hamilton Lane Income Statement

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

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

Updated May 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q