Houlihan Lokey (HLI) Change in Inventory (2017 - 2025)

Houlihan Lokey (HLI) has reported Change in Inventory for 9 consecutive years, with -$43.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Change in Inventory rose 40.87% year-over-year to -$43.5 million; the TTM figure through Dec 2025 stood at -$28.2 million (up 11.3% YoY), while the FY2025 annual figure was $33.8 million, up 143.59% from the prior year.
• Change in Inventory came in at -$43.5 million for Q4 2025 at Houlihan Lokey, down from -$11.0 million in the prior quarter.
• The five-year high for Change in Inventory was $51.5 million in Q1 2025, with the low at -$73.5 million in Q4 2024.
• Average Change in Inventory over 5 years is -$9.1 million, with a median of -$12.5 million recorded in 2024.
• Across the five-year window, Change in Inventory soared 845.5% in 2021 and sank 4106.3% in 2023, its largest moves.
• Year by year, Change in Inventory stood at $33.9 million in 2021, then slumped by 96.77% to $1.1 million in 2022, then tumbled by 4106.3% to -$43.9 million in 2023, then plunged by 67.61% to -$73.5 million in 2024, then surged by 40.87% to -$43.5 million in 2025.
• According to Business Quant data, Change in Inventory over the past three periods registered -$43.5 million, -$11.0 million, and -$25.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.