Hamilton Lane Incorporated (HLNE)

Hamilton Lane Cash Flow Statement

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

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	387.72	313.77	227.21	187.19	247.25
Depreciation & Amortization	9.88	9.29	8.19	7.44	5.5
Stock-Based Compensation	50.87	31.41	12.13	9.95	7.4
Other Adjustments	-65.86	7.22	-84.32	41.48	-68.7
Change in Receivables	29.59	-73.12	-61.15	4.73	-22.67
Changes in Accounts Payable	0.19	0.96	-0.05	1.73	0.65
Changes in Accrued Expenses	35.6	12.58	11.79	4.07	-9.3
Changes in Other Operating Activities	-23.06	-1.28	7.06	-30.01	9.38
Operating Cash Flow	424.92	300.82	120.85	226.59	169.52
Operating Cash Flow Growth	41.25%	148.92%	-46.66%	33.66%	-9.90%
Capital Expenditures	-5.84	-12.16	-11.07	-4.75	-8.53
Proceeds from Sale of Intangible Assets	-	2.08	3.31	-	-
Purchases of Investments	-546.57	-149.24	-129.91	-124.12	-92.24
Proceeds from Sale of Investments	12.01	29.64	15.49	308.28	40.37
Payments for Business Acquisitions	-	-	-	-1.5	-10.1
Proceeds from Business Divestments	22.14	-	-	-	-
Other Investing Activities	23.45	12.1	-	-	-
Investing Cash Flow	-494.82	-117.58	-122.18	177.91	-70.49
Short-Term Debt Issued	-	-	10	40	-
Short-Term Debt Repaid	-	-	-25	-25	-15
Net Short-Term Debt Issued (Repaid)	-	-	-15	15	-15
Long-Term Debt Issued	-	97.66	-	31.68	24.93
Long-Term Debt Repaid	-12.5	-3.75	-2.5	-4.5	-1.84
Net Long-Term Debt Issued (Repaid)	-12.5	93.91	-2.5	27.19	23.09
Issuance of Common Stock	58.61	251.2	203.92	45.62	75.69
Repurchase of Common Stock	-80.08	-253.87	-205.18	-324.22	-77.32
Net Common Stock Issued (Repurchased)	-21.48	-2.67	-1.26	-278.59	-1.63
Common Dividends Paid	-142.42	-120.02	-109.42	-137.11	-97.93
Other Financing Activities	332.18	9.63	132.57	9.37	-21.75
Financing Cash Flow	155.78	-19.16	4.4	-364.15	-113.22
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2.43	-0.1	-	-	-
Net Cash Flow	88.3	163.99	3.07	40.36	-14.18
Free Cash Flow	419.07	288.66	109.78	221.84	161
Free Cash Flow Growth	45.18%	162.95%	-50.52%	37.79%	-5.03%
FCF Margin	55.21%	40.49%	19.82%	41.96%	43.76%
Free Cash Flow Per Share	7.69	7.16	2.04	4.13	3.00
Levered Free Cash Flow	253.44	320.71	139.27	129.8	151.78
Unlevered Free Cash Flow	288.92	283.56	214.2	163.7	131.37

Updated May 21, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q