Growth Metrics

Houlihan Lokey (HLI) Cost of Revenue (2016 - 2025)

Historic Cost of Revenue for Houlihan Lokey (HLI) over the last 12 years, with Q4 2025 value amounting to $19.1 million.

  • Houlihan Lokey's Cost of Revenue rose 1309.75% to $19.1 million in Q4 2025 from the same period last year, while for Dec 2025 it was $70.3 million, marking a year-over-year increase of 917.18%. This contributed to the annual value of $68.9 million for FY2025, which is 1724.1% up from last year.
  • Houlihan Lokey's Cost of Revenue amounted to $19.1 million in Q4 2025, which was up 1309.75% from $14.7 million recorded in Q3 2025.
  • In the past 5 years, Houlihan Lokey's Cost of Revenue registered a high of $22.4 million during Q3 2022, and its lowest value of $3.0 million during Q2 2021.
  • Its 5-year average for Cost of Revenue is $15.5 million, with a median of $16.0 million in 2022.
  • Per our database at Business Quant, Houlihan Lokey's Cost of Revenue skyrocketed by 43043.04% in 2022 and then tumbled by 4219.31% in 2023.
  • Houlihan Lokey's Cost of Revenue (Quarter) stood at $17.9 million in 2021, then increased by 12.18% to $20.1 million in 2022, then decreased by 13.87% to $17.3 million in 2023, then dropped by 2.12% to $16.9 million in 2024, then increased by 13.1% to $19.1 million in 2025.
  • Its Cost of Revenue stands at $19.1 million for Q4 2025, versus $14.7 million for Q3 2025 and $21.1 million for Q2 2025.