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Houlihan Lokey (HLI) Cost of Revenue: 2014-2025

Historic Cost of Revenue for Houlihan Lokey (HLI) over the last 11 years, with Sep 2025 value amounting to $14.7 million.

  • Houlihan Lokey's Cost of Revenue fell 26.80% to $14.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $68.1 million, marking a year-over-year increase of 5.13%. This contributed to the annual value of $68.9 million for FY2025, which is 17.24% up from last year.
  • Per Houlihan Lokey's latest filing, its Cost of Revenue stood at $14.7 million for Q3 2025, which was down 30.60% from $21.1 million recorded in Q2 2025.
  • In the past 5 years, Houlihan Lokey's Cost of Revenue ranged from a high of $22.4 million in Q3 2022 and a low of $3.0 million during Q2 2021.
  • For the 3-year period, Houlihan Lokey's Cost of Revenue averaged around $15.7 million, with its median value being $15.9 million (2023).
  • In the last 5 years, Houlihan Lokey's Cost of Revenue spiked by 430.43% in 2022 and then plummeted by 42.19% in 2023.
  • Quarterly analysis of 5 years shows Houlihan Lokey's Cost of Revenue stood at $17.9 million in 2021, then grew by 12.18% to $20.1 million in 2022, then declined by 13.87% to $17.3 million in 2023, then declined by 2.12% to $16.9 million in 2024, then decreased by 26.80% to $14.7 million in 2025.
  • Its last three reported values are $14.7 million in Q3 2025, $21.1 million for Q2 2025, and $15.4 million during Q1 2025.