A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HLNE SEC filings page.
Hamilton Lane Inc (HLNE) reported $858.4M in revenue over the twelve months to Jun 30, 2026, up 24.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion is scaling faster than profit, while asset growth is accompanied by a less debt-dependent financing structure
In FY2026, operating cash flow reached$424.9M against net income of$249.2M , showing that accounting profit converted into cash with substantial non-profit cash support. Free cash flow was$419.1M> after only $5.8M of capital expenditure, indicating the business currently requires limited fixed-asset reinvestment to produce cash.
From FY2024 to FY2026, revenue expanded
Balance-sheet intensity increased: total assets rose
Financial Health Signals
Hamilton Lane Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Hamilton Lane Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hamilton Lane Inc generates $1.71 in operating cash flow ($424.9M OCF vs $249.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Hamilton Lane Inc generated $275.3M in revenue in Q1 2027. This represents an increase of 56.5% from the same quarter a year earlier. Against the prior quarter it is up 42.2%.
Hamilton Lane Inc reported $80.5M in net income in Q1 2027. This represents an increase of 49.7% from the same quarter a year earlier. Against the prior quarter it is up 21.6%.
Not reported for Q1 2027.
Not reported for Q1 2027.
Cash & Balance Sheet
Hamilton Lane Inc generated $75.3M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 40.9% from the same quarter a year earlier. Against the prior quarter it is down 25.6%.
Hamilton Lane Inc held $349.7M in cash against $274.2M in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Hamilton Lane Inc's net profit margin was 29.2% in Q1 2027, showing the share of revenue converted to profit. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.0 percentage points.
Hamilton Lane Inc's ROE was 8.6% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
Hamilton Lane Inc invested $1.8M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 34.0% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.
Not reported for Q1 2027.
Not reported for Q1 2027.
HLNE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $275.3M+56.5% | $193.6M-2.2% | $198.6M+18.0% | $190.9M+27.3% | $176.0M-10.6% | $198.0M+12.1% | $168.3M+34.3% | $150.0M+18.2% |
| SG&A Expenses | $107.7M+54.8% | $75.1M-5.1% | $77.9M+25.9% | $77.0M+39.8% | $69.6M-11.3% | $79.1M+23.1% | $61.9M+24.5% | $55.1M+19.9% |
| Income Tax | $25.1M+36.5% | $15.6M+4.3% | $27.3M+114.7% | $14.0M+1092.7% | $18.4M-6.6% | $15.0M-26.7% | $12.7M-19.6% | $1.2M-36.9% |
| Net Income | $80.5M+49.7% | $66.2M+31.0% | $58.4M+10.2% | $70.9M+28.9% | $53.7M-8.9% | $50.5M+4.4% | $53.0M+171.6% | $55.0M+30.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HLNE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+40.9% | $2.3B+36.4% | $2.2B+36.4% | $2.0B+39.0% | $1.8B+31.4% | $1.7B+33.0% | $1.6B+31.6% | $1.4B+4.8% |
| Cash & Equivalents | $349.7M+8.6% | $371.9M+31.1% | $348.0M+6.3% | $334.4M+43.6% | $322.1M+88.3% | $283.6M+137.1% | $327.3M+93.2% | $232.8M-0.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | $9.6M0.0% | N/A | N/A | N/A | $9.6M0.0% | N/A | N/A |
| Total Liabilities | $1.6B+98.2% | $1.4B+81.3% | $1.3B+77.4% | $822.3M+32.1% | $807.0M+27.1% | $766.5M+28.8% | $729.0M+24.7% | $622.4M-30.5% |
| Long-Term Debt | $274.2M-5.0% | $278.4M-4.1% | $279.5M-4.3% | $285.6M+46.5% | $288.6M+47.6% | $290.3M+48.0% | $292.0M+48.4% | $195.0M-1.2% |
| Total Equity | $939.3M+23.8% | $915.2M+27.6% | $877.4M+35.1% | $825.8M+36.1% | $758.8M+34.0% | $717.3M+36.6% | $649.3M+38.7% | $606.6M+31.1% |
| Retained Earnings | $670.5M | $614.7M | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
HLNE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $77.2M-40.2% | $103.0M+162.1% | $74.1M+15.1% | $118.9M+1.3% | $128.9M+61.7% | $39.3M+80.9% | $64.4M+276.8% | $117.4M+51.3% |
| Depreciation & Amortization | $2.5M0.0% | $2.4M+8.2% | $2.4M+1.8% | $2.5M+6.4% | $2.5M+9.3% | $2.2M-8.0% | $2.4M+17.0% | $2.4M+27.1% |
| Stock-Based Compensation | $12.9M+0.8% | N/A | $13.0M+10.2% | $12.4M+165.1% | $12.8M+297.1% | N/A | $11.8M+261.1% | $4.7M+49.9% |
| Capital Expenditures | $1.8M+34.0% | $1.7M-49.3% | $1.7M-70.4% | $1.1M-31.0% | $1.3M-10.8% | $3.4M+113.9% | $5.6M+76.7% | $1.6M-45.6% |
| Free Cash Flow | $75.3M-40.9% | $101.2M+182.5% | $72.4M+23.3% | $117.8M+1.7% | $127.6M+63.1% | $35.8M+78.3% | $58.8M+248.3% | $115.8M+55.0% |
| Investing Cash Flow | -$146.9M-56.6% | -$149.8M-201.9% | -$117.1M-172.9% | -$134.1M-393.6% | -$93.8M-4500.0% | -$49.6M-76.1% | -$42.9M-377.4% | -$27.2M+40.0% |
| Financing Cash Flow | $47.8M+1365.9% | $69.3M+308.5% | $56.7M-22.3% | $26.5M+192.9% | $3.3M+110.7% | -$33.3M+23.3% | $73.0M+466.4% | -$28.5M-139.3% |
| Dividends Paid | $22.5M+11.3% | $22.6M+16.0% | $22.6M+16.0% | $22.3M+14.9% | $20.2M+14.8% | $19.5M+15.9% | $19.5M+15.8% | $19.5M+15.9% |
Not reported in any period shown, so not listed: Share Buybacks.
HLNE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 29.2%-1.3pp | 34.2%+8.7pp | 29.4%-2.1pp | 37.1%+0.5pp | 30.5%+0.6pp | 25.5%-1.9pp | 31.5%+15.9pp | 36.6%+3.5pp |
| Return on Equity | 8.6%+1.5pp | 7.2%+0.2pp | 6.7%-1.5pp | 8.6%-0.5pp | 7.1%-3.3pp | 7.0%-2.2pp | 8.2%+4.0pp | 9.1%0.0pp |
| Return on Assets | 3.2%+0.2pp | 2.9%-0.1pp | 2.7%-0.6pp | 3.6%-0.3pp | 3.0%-1.3pp | 3.0%-0.8pp | 3.3%+1.7pp | 3.9%+0.8pp |
| Debt-to-Equity | 0.29-0.1x | 0.30-0.1x | 0.32-0.1x | 0.350.0x | 0.380.0x | 0.400.0x | 0.450.0x | 0.32-0.1x |
| Asset Turnover | 0.110.0x | 0.080.0x | 0.090.0x | 0.100.0x | 0.100.0x | 0.120.0x | 0.110.0x | 0.110.0x |
| FCF Margin | 27.4%-45.1pp | 52.3%+34.2pp | 36.5%+1.6pp | 61.7%-15.5pp | 72.5%+32.7pp | 18.1%+6.7pp | 34.9%+66.5pp | 77.2%+18.3pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Hamilton Lane Inc HLNE | FY2026 | $759.0M | $249.2M | 32.8% | $4.5B | — |
| Stepstone Group Inc. STEP | FY2026 | $2.0B | -$743.3M | -37.3% | $4.2B | 32/100 |
| Janus Henderson JHG | FY2025 | $3.1B | $815.9M | 26.3% | $8.0B | 87/100 |
| Affiliated Managers Group Inc AMG | FY2025 | $2.1B | $716.6M | 34.5% | $9.6B | 30/100 |
| Blue Owl Capital OBDC | FY2025 | N/A | $627.4M | N/A | $5.6B | — |
| Blackstone Secd Lending Fd BXSL | FY2025 | N/A | $563.5M | N/A | $5.8B | — |
Where Hamilton Lane Inc Ranks
Frequently Asked Questions
What is Hamilton Lane Inc's annual revenue?
Hamilton Lane Inc (HLNE) reported $759.0M in total revenue for fiscal year 2026. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hamilton Lane Inc's revenue growing?
Hamilton Lane Inc (HLNE) revenue grew by 6.5% year-over-year, from $713.0M to $759.0M in fiscal year 2026.
Is Hamilton Lane Inc profitable?
Yes, Hamilton Lane Inc (HLNE) reported a net income of $249.2M in fiscal year 2026, with a net profit margin of 32.8%.
How much debt does Hamilton Lane Inc have?
As of fiscal year 2026, Hamilton Lane Inc (HLNE) had $371.9M in cash and equivalents against $278.4M in long-term debt.
What is Hamilton Lane Inc's net profit margin?
Hamilton Lane Inc (HLNE) had a net profit margin of 32.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Hamilton Lane Inc's return on equity (ROE)?
Hamilton Lane Inc (HLNE) has a return on equity of 27.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Hamilton Lane Inc's free cash flow?
Hamilton Lane Inc (HLNE) generated $419.1M in free cash flow during fiscal year 2026. This represents a 45.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hamilton Lane Inc's operating cash flow?
Hamilton Lane Inc (HLNE) generated $424.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Hamilton Lane Inc's total assets?
Hamilton Lane Inc (HLNE) had $2.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Hamilton Lane Inc's capital expenditures?
Hamilton Lane Inc (HLNE) invested $5.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Hamilton Lane Inc's debt-to-equity ratio?
Hamilton Lane Inc (HLNE) had a debt-to-equity ratio of 0.30 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hamilton Lane Inc's return on assets (ROA)?
Hamilton Lane Inc (HLNE) had a return on assets of 10.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Hamilton Lane Inc's P/E ratio?
Hamilton Lane Inc (HLNE) trades at 16.2x earnings, its market capitalization divided by net income of $275.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hamilton Lane Inc's price-to-sales ratio?
Hamilton Lane Inc (HLNE) trades at 5.2x sales, its market capitalization divided by revenue of $858.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hamilton Lane Inc's Piotroski F-Score?
Hamilton Lane Inc (HLNE) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hamilton Lane Inc's earnings high quality?
Hamilton Lane Inc (HLNE) has an earnings quality ratio of 1.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.