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

Houlihan Lokey's Change in Receivables history runs 12 years deep, the most recent figure standing at -$36.3 million for 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 was -$36.3 million for Q4 2025 at Houlihan Lokey, down from $36.0 million in the prior quarter.
• In the past five years, Change in Receivables ranged from a high of $102.8 million in Q1 2025 to a low of -$62.2 million in Q4 2024.
• Historically, Change in Receivables has averaged $4.8 million across 5 years, with a median of $5.4 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Change in Receivables jumped 200.34% in 2023, then slumped 26222.27% in 2024.
• A 5-year view of Change in Receivables shows it stood at $14.3 million in 2021, then tumbled by 60.62% to $5.6 million in 2022, then sank by 95.77% to $238000.0 in 2023, then plunged by 26222.27% to -$62.2 million in 2024, then surged by 41.58% to -$36.3 million in 2025.
• The last three Change in Receivables figures came in at -$36.3 million (Q4 2025), $36.0 million (Q3 2025), and -$39.6 million (Q2 2025), per Business Quant data.