Q4 2025 Houlihan Lokey Inc Earnings Call Transcript

May 7, 2025 / 09:00 PM GMT

Release Date Price: €145.2 (+1.50%)

Transcript 10-K8-K

Key Points

Positve

Houlihan Lokey Inc (HLI) reported record annual revenue of $2.4 billion for fiscal year 2025, marking a 25% increase from the previous year.
The company achieved a 28% increase in quarterly revenue and a 54% rise in adjusted earnings per share compared to the same quarter last year.
HLI successfully executed three acquisitions during the year, expanding its industry, geographic, and product reach, which contributed significantly to its growth.
The Corporate Finance division saw a 44% increase in revenue for the quarter, with the average transaction fee and transaction size both growing.
The company rebranded its capital markets business to 'Capital Solutions,' reflecting its strategic expansion and diversification into high-growth, less volatile revenue streams.

Negative

The company faces challenges in forecasting due to current market volatility, making it difficult to predict future performance accurately.
Despite strong results, the financial restructuring business is subject to cyclical fluctuations, which could impact future revenue consistency.
Adjusted non-compensation expenses increased to $85 million for the quarter, reflecting higher costs associated with headcount growth and technology investments.
The adjusted compensation expense ratio remained high at 61.5%, indicating significant costs related to employee compensation.
The company anticipates high single-digit growth in adjusted non-compensation expenses for fiscal 2026, which could pressure profit margins if revenue growth does not keep pace.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HLI.N - Houlihan Lokey Inc
Q4 2025 Houlihan Lokey Inc Earnings Call
May 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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No, no, no, no.

For full approval for Ben?

No and pull them over.

No, no, for no, no, I don't know me.

Well, good day, ladies and gentlemen, and thank you for standing by Bob Cushing land.

Okay.

Fourth Quarter and Fiscal Year 2025 earnings conference call.

At this time, all participants are in a listen only mode.

A question and answer session will follow the formal presentation.

Please note that this conference call is being recorded today, May seventh, 2025.

I will now turn the call over to the Company.

Thank you, operator, and hello, everyone.

By now, everyone should have access to our fourth-quarter and fiscal year 2025

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