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

Houlihan Lokey has reported Change in Inventory for 9 years, with the latest figure at -$43.5 million in Q4 2025.

• On a quarterly basis, Change in Inventory rose 40.87% year-over-year to -$43.5 million in Q4 2025; TTM through Dec 2025 was -$28.2 million, a 11.3% increase from a year earlier, with the FY2025 full-year figure at $33.8 million, up 143.59% from the prior year.
• Change in Inventory was -$43.5 million for Q4 2025 at Houlihan Lokey, down from -$11.2 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 -$12.6 million recorded in 2024.
• The sharpest annual moves came in 2021 and 2023: Change in Inventory jumped 845.5% in 2021, then tumbled 4106.3% in 2023.
• Over 5 years, Change in Inventory stood at $33.9 million in 2021, then plunged by 96.77% to $1.1 million in 2022, then sank by 4106.3% to -$43.9 million in 2023, then slumped by 67.61% to -$73.5 million in 2024, then soared by 40.87% to -$43.5 million in 2025.
• The last three Change in Inventory figures came in at -$43.5 million (Q4 2025), -$11.2 million (Q3 2025), and -$25.0 million (Q2 2025), per Business Quant data.