Hamilton Lane Incorporated (HLNE)

Hamilton Lane Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	275.9	249.18	217.42	140.86	109.12	145.99
Depreciation & Amortization	9.88	9.88	9.29	8.19	7.44	5.5
Loss (Gain) From Sale of Assets	-	-	-	-	2.77	-
Loss (Gain) From Sale of Investments	-95.8	-85.17	-21.65	-0.79	10.33	-59.42
Loss (Gain) on Equity Investments	-45.79	-53.43	-30.63	-36.49	-6.54	-79.3
Stock-Based Compensation	51.26	51.15	31.41	12.13	9.95	7.4
Other Operating Activities	234.61	211	155.85	39.31	112.99	171.29
Change in Accounts Receivable	-69.95	29.59	-73.12	-61.15	4.73	-22.67
Change in Accounts Payable	-1.31	0.19	0.96	-0.05	1.73	0.65
Change in Other Net Operating Assets	14.34	12.54	11.3	18.85	-25.94	0.08
Operating Cash Flow	373.14	424.92	300.82	120.85	226.59	169.52
Operating Cash Flow Growth	6.61%	41.25%	148.92%	-46.66%	33.66%	-9.90%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-6.3	-5.84	-12.16	-11.07	-4.75	-8.53
Cash Acquisitions	-	-	-	-	-1.5	-10.1
Sale (Purchase) of Intangibles	-	-	2.08	3.31	-	-
Investment in Securities	-573.99	-512.43	-107.5	-114.42	185.29	-64.6
Other Investing Activities	32.35	23.45	-	-	-1.13	12.74
Investing Cash Flow	-547.94	-494.82	-117.58	-122.18	177.91	-70.49

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	-	97.66	10	71.68	24.93
Long-Term Debt Repaid	-	-12.5	-3.75	-27.5	-29.5	-16.84
Net Debt Issued (Repaid)	-15	-12.5	93.91	-17.5	42.19	8.09
Issuance of Common Stock	58.61	58.61	251.2	203.92	45.62	75.69
Repurchase of Common Stock	-75.22	-24.6	-5.47	-3.51	-280.53	-3.49
Common Dividends Paid	-143.59	-141.84	-119.8	-109.28	-135.85	-97.34
Other Financing Activities	375.51	276.1	-239	-69.24	-35.57	-96.17
Financing Cash Flow	200.32	155.78	-19.16	4.4	-364.15	-113.22

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	2.08	2.43	-0.1	-	-	-
Net Cash Flow	27.59	88.3	163.99	3.07	40.36	-14.18

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	366.83	419.07	288.66	109.78	221.84	161
Free Cash Flow Growth	8.53%	45.18%	162.95%	-50.52%	37.79%	-5.03%
Free Cash Flow Margin	42.74%	55.21%	40.49%	19.82%	41.96%	43.76%
Free Cash Flow Per Share	6.75	7.69	7.16	2.04	4.13	3.00
Levered Free Cash Flow	231.4	305.03	156.55	118.06	146.59	89.61
Unlevered Free Cash Flow	240.52	314.37	164.88	125.04	151.97	92.51

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	11.85	11.85	10.4	11.05	8.47	4.59
Cash Income Tax Paid	54.43	54.43	27.04	39.76	50.88	33.68
Change in Working Capital	-56.92	42.32	-60.86	-42.36	-19.47	-21.93

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 17, 2026

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