Houlihan Lokey (HLI) Change in Accured Expenses (2014 - 2025)
Houlihan Lokey (HLI) recorded quarterly Change in Accured Expenses of $76.0 million in Q4 2025, up 186.94% quarter-over-quarter from -$87.5 million in Q3 2025, and up 661.03% on a YoY basis from $10.0 million in Q4 2024.
Houlihan Lokey (HLI) Change in Accured Expenses (2014 - 2025) Analysis & Trends
Houlihan Lokey's Change in Accured Expenses history runs 12 years deep, the most recent figure standing at $76.0 million for Q4 2025.
- In Q4 2025, Change in Accured Expenses rose 661.03% year-over-year to $76.0 million; the TTM figure through Dec 2025 stood at $193.2 million (up 1950.7% YoY), while the FY2025 annual figure was $210.3 million, up 1006.58% from the prior year.
- Change in Accured Expenses was $76.0 million for Q4 2025 at Houlihan Lokey, up from -$87.5 million in the prior quarter.
- In the past five years, Change in Accured Expenses ranged from a high of $280.9 million in Q1 2023 to a low of -$375.6 million in Q2 2022.
- Historically, Change in Accured Expenses has averaged $4.6 million across 5 years, with a median of $942500.0 in 2021.
- The sharpest annual moves came in 2022 and 2025: Change in Accured Expenses sank 12547.04% in 2022, then soared 2695.65% in 2025.
- A 5-year view of Change in Accured Expenses shows it stood at $27.7 million in 2021, then tumbled by 274.1% to -$48.2 million in 2022, then surged by 110.08% to $4.9 million in 2023, then jumped by 105.83% to $10.0 million in 2024, then soared by 661.03% to $76.0 million in 2025.
- The last three Change in Accured Expenses figures came in at $76.0 million (Q4 2025), -$87.5 million (Q3 2025), and -$24.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | - |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | - |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | -1.07 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 47.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | -931.00 Mn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 223.68 Mn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | -26.38 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | -101.45 Mn |
| 10 | Houlihan Lokey | 9.39 Bn | 8.33 Bn | 697.95 Mn | 76.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 76.05 Mn |
| Dec 31, 2025 | 76.05 Mn |
| Sep 30, 2025 | -87.47 Mn |
| Sep 30, 2025 | -87.47 Mn |
| Jun 30, 2025 | -24.26 Mn |
| Jun 30, 2025 | -24.26 Mn |
| Mar 31, 2025 | 228.88 Mn |
| Mar 31, 2025 | 228.88 Mn |
| Dec 31, 2024 | 9.99 Mn |
| Dec 31, 2024 | 9.99 Mn |
| Sep 30, 2024 | 205.52 Mn |
| Sep 30, 2024 | 205.52 Mn |
| Jun 30, 2024 | -234.14 Mn |
| Jun 30, 2024 | -234.14 Mn |
| Mar 31, 2024 | 8.19 Mn |
| Mar 31, 2024 | 8.19 Mn |
| Dec 31, 2023 | 4.86 Mn |
| Dec 31, 2023 | 4.86 Mn |
| Sep 30, 2023 | 253.06 Mn |
| Sep 30, 2023 | 253.06 Mn |