Houlihan Lokey revenue falls 15.5% to $511.0M; net income down 20.4%

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Total revenue declined 15.5% to $511.0M, driven by a 24% drop in Corporate Finance fees to $303M.

  MD&A: Revenue verify on EDGAR →
• high

  Net income fell 20.4% to $78.0M, with diluted EPS down 19.0% to $1.15.

  Key Financials view on EDGAR →
• high

  Cash and equivalents dropped $444M to $745M, reflecting bonus payments, buybacks, and dividends.

  MD&A: Liquidity verify on EDGAR →