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

Houlihan Lokey (HLI) has reported Change in Receivables for 12 consecutive years, with -$36.3 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Change in Receivables rose 41.58% year-over-year to -$36.3 million; the TTM figure through Dec 2025 stood at $62.8 million (up 1931.03% YoY), while the FY2025 annual figure was $55.7 million, up 133.75% from the prior year.
• Change in Receivables came in at -$36.3 million for Q4 2025 at Houlihan Lokey, down from $36.0 million in the prior quarter.
• The five-year high for Change in Receivables was $102.8 million in Q1 2025, with the low at -$62.2 million in Q4 2024.
• Average Change in Receivables over 5 years is $4.8 million, with a median of $5.4 million recorded in 2022.
• Across the five-year window, Change in Receivables jumped 200.34% in 2023 and tumbled 26222.27% in 2024, its largest moves.
• Year by year, Change in Receivables stood at $14.3 million in 2021, then plunged by 60.62% to $5.6 million in 2022, then slumped by 95.77% to $238000.0 in 2023, then sank by 26222.27% to -$62.2 million in 2024, then surged by 41.58% to -$36.3 million in 2025.
• According to Business Quant data, Change in Receivables over the past three periods registered -$36.3 million, $36.0 million, and -$39.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.