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Dec 31, 2024

Houlihan Lokey Q3 2025 Earnings Report

Houlihan Lokey's financial performance improved in Q3 2025, driven by revenue growth across all segments.

Key Takeaways

Houlihan Lokey reported strong Q3 fiscal 2025 results, with revenues increasing to $634 million and diluted EPS reaching $1.39. The company saw growth across all its business lines, driven by favorable market conditions. Management expressed optimism for the remainder of the fiscal year and a positive outlook for fiscal 2026.

Revenues for Q3 fiscal 2025 reached $634 million, up from $511 million in the same period last year.

Diluted EPS for Q3 fiscal 2025 was reported at $1.39, compared to $1.04 in Q3 fiscal 2024.

Adjusted diluted EPS for Q3 fiscal 2025 was $1.64, up from $1.22 in the prior year.

The company declared a dividend of $0.57 per share for the fourth quarter of fiscal 2025.

Total Revenue
$634M
Previous year: $511M
+24.1%
EPS
$1.64
Previous year: $1.22
+34.4%
CF Closed Transactions
170
Previous year: 117
+45.3%
FR Closed Transactions
41
Previous year: 30
+36.7%
FVA Fee Events
1.01K
Previous year: 926
+8.5%
Gross Profit
$204M
Previous year: $187M
+9.1%
Cash and Equivalents
$799M
Previous year: $556M
+43.9%
Free Cash Flow
$262M
Previous year: $85.3M
+206.7%
Total Assets
$3.48B
Previous year: $2.96B
+17.5%

Houlihan Lokey

Houlihan Lokey

Houlihan Lokey Revenue by Segment

Forward Guidance

Given the stronger macro environment, the company remains optimistic about the balance of this fiscal year, and their outlook for fiscal 2026 is positive.

Revenue & Expenses

Visualization of income flow from segment revenue to net income