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Mar 31

Houlihan Lokey Q4 2025 Earnings Report

Reported financial results for the fiscal year and fourth quarter ended March 31, 2025

Key Takeaways

Houlihan Lokey reported record fiscal year 2025 revenues and strong fourth-quarter results across all three business segments, driven by favorable market conditions and increased transaction activity.

Record Fiscal Year 2025 Revenues of $2.39 billion.

Fourth Quarter Fiscal 2025 Revenues of $666 million, a 28% increase compared to the prior year.

Fourth Quarter Fiscal 2025 Diluted EPS of $1.76.

Adjusted Fourth Quarter Fiscal 2025 Diluted EPS of $1.96.

Total Revenue
$666M
Previous year: $520M
+28.0%
EPS
$1.96
Previous year: $1.27
+54.3%
CF Closed Transactions
147
Previous year: 121
+21.5%
FR Closed Transactions
38
Previous year: 35
+8.6%
FVA Fee Events
1.22K
Previous year: 1.03K
+19.4%
Cash and Equivalents
$971M
Previous year: $722M
+34.5%
Total Assets
$3.82B
Previous year: $3.17B
+20.5%

Houlihan Lokey

Houlihan Lokey

Houlihan Lokey Revenue by Segment

Forward Guidance

While current volatility makes meaningful forecasts difficult, the company is well positioned to handle the uncertainty of current market conditions.

Positive Outlook

  • Well positioned to handle the uncertainty of current market conditions.

Challenges Ahead

  • Current volatility makes meaningful forecasts difficult.