Hamilton Lane Incorporated reported higher results for the first fiscal quarter ended June 30, 2026. Total revenues were $275 million, a 56% year-over-year increase, driven by a 170% rise in incentive fees to $114 million and 21% growth in management and advisory fees to $161.4 million. GAAP net income was $124.9 million, up 62%, while net income attributable to Hamilton Lane Incorporated rose 50% to $80.5 million. Diluted GAAP EPS reached $1.93, a 51% increase.
Non-GAAP measures also expanded: Fee Related Earnings were $124.5 million, up 49%; Adjusted net income was $104.6 million, up 46%; and Adjusted EBITDA was $154.2 million, up 61%. The board declared a quarterly dividend of $0.60 per Class A share, payable October 6, 2026 to holders of record on September 21, 2026, supporting a target full-year dividend of $2.40, an 11% increase from the prior fiscal year. As of June 30, 2026, Hamilton Lane had $146.3 billion in assets under management and $914.1 billion in assets under advisement, within a global private markets platform with $1.1 trillion in assets under management and supervision.
Hamilton Lane Incorporated will hold its 2026 Annual Meeting of Stockholders as a virtual-only audio webcast on September 10, 2026 at 9:30 a.m. Eastern. Holders of Class A and Class B common stock at the July 13, 2026 record date can vote electronically or by proxy.
Stockholders will vote on three Class I director nominees for three-year terms, an advisory “say-on-pay” resolution on executive compensation, and ratification of Ernst & Young LLP as independent registered public accounting firm for the year ending March 31, 2027.
The company has a dual-class structure in which Class A shares carry one vote and Class B shares ten votes. HLA Investments, LLC holds about 50% of aggregate voting power, and a stockholder group party to a voting agreement holds about 74%, giving the controlling holder effective influence over meeting outcomes. Non-employee directors receive an annual $200,000 retainer, and governance features include a Compensation Recovery Policy, related-party review, and prohibitions on hedging or pledging company stock.
Hamilton Lane Inc. Executive Co-Chairman Hartley R. Rogers reported open-market purchases of the company’s Class A common stock. On June 11, 2026, he bought a total of 38,290 Class A shares in two transactions at weighted average prices of about $77.86 and $78.73 per share, within disclosed intraday ranges. Following these trades, he also continues to have a substantial indirect interest through Class B Units exchangeable on a one-for-one basis into Class A common stock, representing 6,510,922 underlying shares. Some of these indirect holdings are owned through LLCs and family trusts, where he disclaims beneficial ownership except for his pecuniary interest, and the Class B common stock carries ten votes per share but minimal economic value.
Hamilton Lane Inc. Chief Operating Officer Andrea Anigati Kramer made an open-market purchase of 1,283 shares of Class A common stock at $77.46 per share. Following this buy on June 11, 2026, she directly holds 87,350 Class A shares.
She also holds 135,970 shares of Class B common stock, which carry ten votes per share but minimal economic value. In addition, she has indirect interests in Class B and Class C Units of Hamilton Lane Advisors, L.L.C. and several tranches of performance stock, each generally convertible on a one-for-one basis into Class A shares if specified price or total shareholder return conditions are met through performance periods ending between 2029 and 2031.
Hamilton Lane Inc. director David J. Berkman reported an open-market purchase of Class A Common Stock. On June 11, 2026, an entity described as The 2006 Berkman Trust for David J. Berkman Family bought 15,000 shares at a weighted average price of $76.27 per share in multiple trades between $75.99 and $76.40. Following the transaction, the filing shows 25,000 shares of Class A Common Stock held indirectly by the trust and a separate line indicating 25,000 shares held directly.
Hamilton Lane Inc. Chief Operating Officer Andrea Anigati Kramer reported new equity awards and updated holdings. She received 3,543 shares of Class A common stock as restricted stock under the 2017 Equity Incentive Plan, which vest in four equal annual installments starting on May 29, 2027. She also acquired 62 Class A shares through the Employee Share Purchase Plan, a transaction exempt under Rule 16b-3(d), bringing her direct Class A holdings to 86,067 shares. In addition, she reports indirect interests in Class B and Class C units of Hamilton Lane Advisors, L.L.C. that are exchangeable one-for-one into Class A shares, and multiple tranches of performance stock that each represent a contingent right to receive Class A shares if specified stock-price or total shareholder return conditions are met through performance periods ending between 2029 and 2031.
Carl Drew Thomas reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Lane Inc.’s Chief Accounting Officer Carl Drew Thomas received a grant of 675 shares of Class A common stock as restricted stock under the company’s 2017 Equity Incentive Plan. The award vests in four equal annual installments starting on May 29, 2027, functioning as stock-based compensation rather than a market purchase.
After this grant and a correction of a prior overstatement by seven shares, Thomas directly beneficially owns 1,846 Class A shares, including unvested restricted stock. He also holds performance stock representing a contingent right to receive 1,356 Class A shares, which may vest based on total shareholder return performance through the period ending September 16, 2030.
Armbrister Jeffrey Brian reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Lane Inc. Chief Financial Officer Jeffrey Brian Armbrister reported an equity compensation grant and updated holdings. He received 2,109 shares of Class A common stock as restricted stock under the 2017 Equity Incentive Plan, vesting in four equal annual installments starting on May 29, 2027.
Following this award, he directly holds 12,958 Class A shares, including unvested restricted stock. He also holds performance stock awards that each represent a contingent right to receive one Class A share, with underlying amounts of 2,033, 13,044 and 4,348 shares tied to stock price or total shareholder return goals over performance periods ending between September 16, 2029 and September 16, 2031.
Gavalis Lydia reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Lane Inc. reported that General Counsel & Secretary Lydia Gavalis received an award of 1,139 Class A common shares as restricted stock under the company’s 2017 Equity Incentive Plan. The award vests in four equal annual installments starting on May 29, 2027.
Following this grant, Gavalis directly holds 34,028 Class A shares, which include unvested restricted stock. She also holds performance stock awards that each represent a contingent right to receive Class A shares if performance goals are met, covering 6,522 underlying shares with a performance period ending on September 16, 2030 and 1,356 underlying shares with a performance period ending on September 16, 2029.