Houlihan Lokey Quarterly Cash Flow Statement
NYSE: HLIFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Houlihan Lokey free cash flow
In the quarter ended Jun 30, 2026, Houlihan Lokey generated -$336.0 million of operating cash flow and spent $6.0 million on capital expenditures. That left free cash flow of -$342.0 million, a free-cash-flow margin of -66.9% of revenue. Houlihan Lokey returned $111.0 million to shareholders: $61.0 million in dividends and $50.0 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Houlihan Lokey cash flow statement (quarterly)
| Quarter (USD) | Q1 20272026-06-30 | Q4 20262026-03-31 | Q3 20262025-12-31 | Q2 20262025-09-30 | Q1 20262025-06-30 | Q4 20252025-03-31 | Q3 20252024-12-31 | Q2 20252024-09-30 | Q1 20252024-06-30 | Q4 20242024-03-31 | Q2 20242023-12-31 | Q2 20242023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 78.00M | 98.31M | 116.55M | 111.78M | 98.00M | 121.92M | 95.30M | 93.55M | 88.94M | 81.08M | 70.80M | 67.03M |
| Net Income growth (YoY) | -20.41% | -19.36% | +22.29% | +19.49% | +10.19% | +50.38% | +34.60% | +39.56% | +44.88% | +35.90% | +12.29% | +10.38% |
| Depreciation & Amortization | 8.00M | 8.04M | 8.30M | 10.29M | 16.00M | 15.41M | 9.56M | 7.44M | 8.86M | 8.26M | 6.66M | 7.09M |
| Stock-Based Compensation | 45.00M | 51.53M | 60.92M | 46.63M | 42.00M | 44.46M | 45.59M | 45.33M | 33.07M | 40.47M | 43.97M | 42.74M |
| Change in Working Capital | -10.00M | 3.30M | 3.67M | -36.50M | 9.28M | -92.83M | 91.80M | -36.09M | -3.47M | -66.93M | -5.08M | -35.28M |
| Operating Cash Flow | -336.00M | 293.03M | 217.68M | 325.42M | -132.00M | 358.38M | 265.51M | 289.22M | -64.51M | 225.31M | 100.90M | 135.82M |
| Capital Expenditures | -6.00M | -6.25M | -639.00K | -2.42M | -13.00M | -14.48M | -3.85M | -10.50M | -10.87M | -12.22M | -15.58M | -23.27M |
| Investing Cash Flow | 112.00M | -49.60M | 56.41M | -114.63M | 110.00M | -106.35M | -87.40M | -30.88M | -40.43M | -14.69M | -22.74M | -20.61M |
| Dividends Paid | -61.00M | -39.16M | -40.63M | -41.25M | -53.00M | -38.52M | -37.03M | -38.40M | -51.27M | -35.55M | -35.51M | -35.42M |
| Share Repurchases | -50.00M | — | -87.90M | -29.53M | -8.00M | — | -86.00K | 0 | -240.00K | — | 0 | -24.95M |
| Financing Cash Flow | -217.00M | -92.78M | -131.40M | -71.77M | -197.00M | -91.08M | -37.36M | -39.13M | -161.50M | -36.15M | -35.60M | -67.68M |
| Net Change in Cash | -444.00M | 132.56M | 132.91M | 130.82M | -178.00M | 174.79M | 107.93M | 242.55M | -271.54M | 165.95M | 61.60M | 37.81M |
| Free Cash Flow | -342.00M | 286.78M | 217.04M | 322.99M | -145.00M | 343.90M | 261.66M | 278.73M | -75.38M | 213.09M | 85.32M | 112.55M |
This table shows 12 quarterly periods of Houlihan Lokey's cash flow statement, from Q1 2027 back to Q2 2024, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow HLI's reporting calendar. What is a cash flow statement?