Houlihan Lokey (HLI) Depreciation & Amortization (CF) (2014 - 2025)

Houlihan Lokey's Depreciation & Amortization (CF) history runs 12 years deep, the most recent figure standing at $8.3 million for Q4 2025.

• In Q4 2025, Depreciation & Amortization (CF) fell 13.22% year-over-year to $8.3 million; the TTM figure through Dec 2025 stood at $50.0 million (up 46.53% YoY), while the FY2025 annual figure was $41.3 million, up 44.62% from the prior year.
• Depreciation & Amortization (CF) was $8.3 million for Q4 2025 at Houlihan Lokey, down from $10.3 million in the prior quarter.
• In the past five years, Depreciation & Amortization (CF) ranged from a high of $20.1 million in Q4 2021 to a low of $3.9 million in Q1 2021.
• Historically, Depreciation & Amortization (CF) has averaged $10.8 million across 5 years, with a median of $8.6 million in 2024.
• The sharpest annual moves came in 2021 and 2023: Depreciation & Amortization (CF) jumped 408.33% in 2021, then sank 68.18% in 2023.
• A 5-year view of Depreciation & Amortization (CF) shows it stood at $20.1 million in 2021, then slumped by 33.96% to $13.3 million in 2022, then slumped by 49.78% to $6.7 million in 2023, then jumped by 43.62% to $9.6 million in 2024, then dropped by 13.22% to $8.3 million in 2025.
• The last three Depreciation & Amortization (CF) figures came in at $8.3 million (Q4 2025), $10.3 million (Q3 2025), and $16.0 million (Q2 2025), per Business Quant data.