Houlihan Lokey, Inc. (HLI) reported strong financial results for the six months ended September 30, 2025 (Q2 FY2026), driven by robust M&A and capital markets activity.
Financial Performance & Profitability Total Revenues grew 16% year-over-year to \(1.26 Billion, leading to Net Income of \)209.3 Million (up 15%). Basic EPS improved to \(3.14 (from \)2.79 in 2024), and Diluted EPS was \(3.04 (from \)2.67). The Compensation Ratio increased slightly to 64.5%. Operating Cash Flow decreased to $193.4 Million, primarily due to significant working capital movements, including large outflows for accru
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