Houlihan Lokey Q2 revenue up 4.8% to $692M, but operating cash flow swings to -$84M outflow

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 4, 2025 · ~1 min read

Key Changes

• high

  Operating cash flow swung from a $193 million inflow to an $84 million outflow for the six months, driven by May 2026 bonus payments.

  MD&A: Operating cash flow verify on EDGAR →
• high

  Cash and investments fell to $888 million from $1.36 billion at fiscal year-end, reflecting bonuses, dividends, and buybacks.

  MD&A: Cash and investments verify on EDGAR →
• high

  Net income declined 1.8% to $109.0 million, with diluted EPS up 0.6% to $1.64.

  Key Financials view on EDGAR →