Hamilton Lane Incorporated (HLNE)

Hamilton Lane Cash Flow 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
Net Income	346.78	313.77	227.21	187.19	247.25	168.79
Depreciation & Amortization	9.7	9.29	8.19	7.44	5.5	4.13
Stock-Based Compensation	49.91	31.41	12.13	9.95	7.4	7.08
Other Adjustments	-20.09	7.22	-84.32	41.48	-68.7	-20.98
Change in Receivables	-36.19	-73.12	-61.15	4.73	-22.67	1.18
Changes in Accounts Payable	-0.22	0.96	-0.05	1.73	0.65	0.21
Changes in Accrued Expenses	23.57	12.58	11.79	4.07	-9.3	18.61
Changes in Unearned Revenue	-	-	-	-	-	-3.7
Changes in Other Operating Activities	-12.44	-1.28	7.06	-30.01	9.38	12.85
Operating Cash Flow	361.23	300.82	120.85	226.59	169.52	188.16
Operating Cash Flow Growth	27.53%	148.92%	-46.66%	33.66%	-9.90%	61.69%
Capital Expenditures	-7.54	-12.16	-11.07	-4.75	-8.53	-18.64
Purchases of Intangible Assets	-	-	-	-	-	-1
Proceeds from Sale of Intangible Assets	0.29	2.08	3.31	-	-	-
Purchases of Investments	-382.14	-71.1	-72.07	-124.12	-92.24	-160.41
Proceeds from Sale of Investments	-4.54	-48.5	-42.34	308.28	40.37	-241.73
Payments for Business Acquisitions	-	-	-	-1.5	-10.1	-
Other Investing Activities	-	12.1	-	-	-	-
Investing Cash Flow	-394.65	-117.58	-122.18	177.91	-70.49	-421.78
Short-Term Debt Issued	-	-	10	40	-	15
Short-Term Debt Repaid	-	-	-25	-25	-15	-
Net Short-Term Debt Issued (Repaid)	-	-	-15	15	-15	15
Long-Term Debt Issued	-	97.66	-	31.68	24.93	75
Long-Term Debt Repaid	-13.13	-3.75	-2.5	-4.5	-1.84	-1.41
Net Long-Term Debt Issued (Repaid)	-13.13	93.91	-2.5	27.19	23.09	73.59
Issuance of Common Stock	279.31	251.2	203.92	45.62	75.69	750.79
Repurchase of Common Stock	-282.06	-253.87	-205.18	-324.22	-77.32	-479.36
Net Common Stock Issued (Repurchased)	-2.75	-2.67	-1.26	-278.59	-1.63	271.42
Common Dividends Paid	-136.08	-120.02	-109.42	-137.11	-97.93	-76.69
Other Financing Activities	210.99	9.63	132.57	9.37	-21.75	-12.67
Financing Cash Flow	53.17	-19.16	4.4	-364.15	-113.22	270.66
Net Cash Flow	19.75	164.09	3.07	40.36	-14.18	37.04
Free Cash Flow	353.68	288.66	109.78	221.84	161	169.52
Free Cash Flow Growth	22.52%	162.95%	-50.52%	37.79%	-5.03%	48.19%
FCF Margin	46.33%	40.49%	19.82%	41.96%	43.76%	49.62%
Free Cash Flow Per Share	6.49	7.16	2.04	4.13	3.00	-
Levered Free Cash Flow	233.44	320.71	139.27	129.8	151.78	200.07
Unlevered Free Cash Flow	281.97	283.55	214.2	163.7	131.36	149.5

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

SEC Filings: 10-K · 10-Q