Houlihan Lokey (HLI) Change in Cash (2014 - 2025)

Houlihan Lokey (HLI) has reported Change in Cash for 12 consecutive years, with $132.9 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Change in Cash rose 23.14% year-over-year to $132.9 million; the TTM figure through Dec 2025 stood at $260.5 million (up 6.38% YoY), while the FY2025 annual figure was $253.7 million, up 3503.02% from the prior year.
• Change in Cash came in at $132.9 million for Q4 2025 at Houlihan Lokey, up from $130.0 million in the prior quarter.
• The five-year high for Change in Cash was $242.5 million in Q3 2024, with the low at -$344.7 million in Q2 2022.
• Average Change in Cash over 5 years is $21.4 million, with a median of $84.8 million recorded in 2023.
• Across the five-year window, Change in Cash surged 71579.7% in 2021 and slumped 433.2% in 2022, its largest moves.
• Year by year, Change in Cash stood at $135.6 million in 2021, then slumped by 66.36% to $45.6 million in 2022, then soared by 35.05% to $61.6 million in 2023, then surged by 75.2% to $107.9 million in 2024, then rose by 23.14% to $132.9 million in 2025.
• According to Business Quant data, Change in Cash over the past three periods registered $132.9 million, $130.0 million, and -$177.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.