Houlihan Lokey (HLI) Depreciation and Depletion (2014 - 2025)

Houlihan Lokey (HLI) has reported Depreciation and Depletion for 12 consecutive years, with $7.0 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Depreciation and Depletion rose 27.17% year-over-year to $7.0 million; the TTM figure through Dec 2025 stood at $27.0 million (up 22.77% YoY), while the FY2025 annual figure was $21.9 million, up 23.39% from the prior year.
• Depreciation and Depletion came in at $7.0 million for Q4 2025 at Houlihan Lokey, down from $7.7 million in the prior quarter.
• The five-year high for Depreciation and Depletion was $7.7 million in Q3 2025, with the low at $2.7 million in Q3 2021.
• Average Depreciation and Depletion over 5 years is $4.6 million, with a median of $4.4 million recorded in 2021.
• Across the five-year window, Depreciation and Depletion tumbled 66.14% in 2021 and soared 84.61% in 2024, its largest moves.
• Year by year, Depreciation and Depletion stood at $4.6 million in 2021, then slumped by 37.46% to $2.9 million in 2022, then jumped by 76.37% to $5.1 million in 2023, then grew by 7.81% to $5.5 million in 2024, then rose by 27.17% to $7.0 million in 2025.
• According to Business Quant data, Depreciation and Depletion over the past three periods registered $7.0 million, $7.7 million, and $6.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.