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

Houlihan Lokey has reported Depreciation and Depletion for 12 years, with the latest figure at $7.0 million in Q4 2025.

• Depreciation and Depletion for Q4 2025 came in at $7.0 million, up 27.17% year-over-year; the trailing twelve-month figure through Dec 2025 was $27.5 million (up 24.98% YoY), and the FY2025 annual result was $21.9 million, up 23.39% from the prior year.
• Depreciation and Depletion fell to $7.0 million in Q4 2025, from $7.7 million in the prior quarter.
• Over five years, Depreciation and Depletion peaked at $7.7 million in Q3 2025 and troughed at $2.7 million in Q3 2021.
• A 5-year average of $4.6 million and a median of $4.4 million in 2021 frame the typical range for Depreciation and Depletion.
• The widest annual swing landed in 2021, when Depreciation and Depletion sank 66.14%; it then soared 84.61% in 2024.
• A 5-year view of Depreciation and Depletion shows it stood at $4.6 million in 2021, then slumped by 37.46% to $2.9 million in 2022, then soared by 76.37% to $5.1 million in 2023, then rose by 7.81% to $5.5 million in 2024, then advanced by 27.17% to $7.0 million in 2025.
• Per Business Quant data, the three most recent Depreciation and Depletion figures were $7.0 million in Q4 2025, $7.7 million in Q3 2025, and $7.0 million in Q2 2025.