Houlihan Lokey Inc SEC Filings

Houlihan Lokey (HLI) reported quarterly results for the three months ended September 30, 2025. Revenues were $659.5 million (up 15%), net income was $111.8 million, and diluted EPS was $1.63 versus $1.37 a year ago. Operating income reached $151.3 million, and the Compensation Ratio was 64.2%.

Growth was led by Corporate Finance revenue of $438.7 million (+21%), with Financial Restructuring at $133.8 million (+2%) and Financial & Valuation Advisory at $87.0 million (+10%). Cash and investment securities totaled $1.11 billion as of September 30, 2025, with no borrowings outstanding on the $150 million credit facility, amended to mature in 2030. The board declared a $0.60 quarterly dividend payable December 15, 2025 to holders of record on December 1, 2025. During the quarter, the company repurchased 146,738 Class A shares for $29.7 million and 195,566 year-to-date for $37.5 million.

Houlihan Lokey, Inc. (HLI) furnished an 8-K to announce its financial results for the second fiscal quarter ended September 30, 2025. The company provided the details via a press release attached as Exhibit 99.1.

The information was furnished under Item 2.02 (Results of Operations and Financial Condition) and is not deemed “filed” for purposes of Section 18 of the Exchange Act. The press release is dated October 30, 2025.

Houlihan Lokey (HLI): Form 4 insider equity grant. Director Ronald Scott Mund reported an award of 483 restricted shares of Class A common stock on 10/01/2025. The grant was recorded at a price of $0 per share under the company’s Amended and Restated 2016 Incentive Award Plan. These restricted shares vest in substantially equal installments on the first, second, and third anniversaries of the grant date, subject to continued service. Following the transaction, he beneficially owns 483 shares directly.

Houlihan Lokey, Inc. (HLI) reported a new director’s initial ownership on Form 3. The reporting person is a Director and filed individually. The filing states no securities are beneficially owned as of the event date 10/01/2025.

The submission includes an Exhibit 24 Power of Attorney authorizing signing on the reporting person’s behalf. This is a routine disclosure of insider status and holdings at the time of becoming a reporting insider.

Houlihan Lokey, Inc. disclosed that, effective with his start on the board, non-employee director Mr. Mund received an award of restricted Class A common stock under the company's Amended and Restated 2016 Incentive Award Plan. The award has a value equal to $100,000 and vests in substantially equal installments on the first, second and third anniversaries of the grant date, subject to his continuing service through each vesting date. The filing is dated October 6, 2025 and was signed by the company’s General Counsel and Secretary.

Irwin N. Gold, identified as Co-Chairman and a 10% owner of Houlihan Lokey, Inc., reported transactions dated 09/16/2025. The filing shows a sale of 6,811 Class A common shares in open market transactions at a weighted average price of $202.75 per share (sales ranged from $202.50 to $203.04). Following those sales the reporting person held 0 direct Class A shares. On the same date the reporting person acquired 6,811 Class B common shares; Class B shares are convertible one-for-one into Class A shares. The filing also discloses indirect beneficial ownership of 1,071,385 Class A shares through the HL Voting Trust, where the reporting person is a trustee with shared voting control.

Houlihan Lokey (HLI) Form 144 summary: An insider filed a notice to sell 6,811 common shares on or about 09/16/2025 through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value reported at $1,380,898.92. The shares were acquired on 05/15/2025 as restricted stock that vested under a registered plan tied to services rendered.

The filing also reports a prior sale by the IRWIN N GOLD FAMILY TRUST of 5,000 shares on 06/30/2025 for gross proceeds of $914,028.50. The filer certifies they are not aware of undisclosed material adverse information about the issuer.

Christopher M. Crain, General Counsel of Houlihan Lokey, Inc. (HLI), reported insider transactions dated 09/02/2025. The Form 4 shows he acquired 500 shares of Class B common stock and simultaneously sold 500 shares of Class A common stock at $196.22 per share. After the transactions Crain directly beneficially owns 0 Class A shares; he retains indirect beneficial ownership of 53,438 Class A shares through the HL Voting Trust where he retains investment control and dispositive power. The sale was executed under a Rule 10b5-1 trading plan adopted on 11/18/2024.