HLNE Hamilton Lane INC - 10-Q - (2025-11-04)

HLNE Q2 FY2026 Financial & Operational Summary (Period Ended 9/30/2025)

Hamilton Lane reported robust financial performance for the third quarter, with Total Revenues increasing significantly to \(190.9M (from \)150.0M YoY), resulting in Net Income attributable to HLI of \(70.9M and Basic EPS of \)1.71. Growth was primarily fueled by increased Management & Advisory Fees tied to expanding AUM, and substantial growth in Incentive Fees ($48.8M Q3 revenue). Compensation costs rose substantially, heavily weighted toward equity-based compensation, which tripled year-over-year on a six-month basis.

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