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

Houlihan Lokey has reported Change in Receivables for 12 years, with the latest figure at -$36.3 million in Q4 2025.

• Change in Receivables for Q4 2025 came in at -$36.3 million, up 41.58% year-over-year; the trailing twelve-month figure through Dec 2025 was $62.8 million (up 1931.03% YoY), and the FY2025 annual result was $55.7 million, up 133.75% from the prior year.
• Change in Receivables eased to -$36.3 million in Q4 2025, from $36.4 million in the prior quarter.
• Over five years, Change in Receivables peaked at $102.8 million in Q1 2025 and troughed at -$62.2 million in Q4 2024.
• A 5-year average of $4.8 million and a median of $5.4 million in 2022 frame the typical range for Change in Receivables.
• The widest annual swing landed in 2023, when Change in Receivables jumped 200.34%; it then sank 26222.27% in 2024.
• A 5-year view of Change in Receivables shows it 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 jumped by 41.58% to -$36.3 million in 2025.
• Per Business Quant data, the three most recent Change in Receivables figures were -$36.3 million in Q4 2025, $36.4 million in Q3 2025, and -$40.0 million in Q2 2025.