Houlihan Lokey (HLI) EBITDA (2014 - 2025)

Houlihan Lokey (HLI) has reported EBITDA for 12 consecutive years, with $116.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, EBITDA rose 146.22% year-over-year to $116.1 million; the TTM figure through Dec 2025 stood at $504.7 million (up 54.49% YoY), while the FY2025 annual figure was $403.0 million, up 45.76% from the prior year.
• EBITDA came in at $116.1 million for Q4 2025 at Houlihan Lokey, up from $97.7 million in the prior quarter.
• The five-year high for EBITDA was $171.9 million in Q4 2021, with the low at $32.2 million in Q3 2022.
• Average EBITDA over 5 years is $89.4 million, with a median of $87.4 million recorded in 2021.
• Across the five-year window, EBITDA sank 69.89% in 2022 and surged 164.93% in 2024, its largest moves.
• Year by year, EBITDA stood at $171.9 million in 2021, then plunged by 49.24% to $87.3 million in 2022, then grew by 10.45% to $96.4 million in 2023, then tumbled by 51.07% to $47.2 million in 2024, then surged by 146.22% to $116.1 million in 2025.
• According to Business Quant data, EBITDA over the past three periods registered $116.1 million, $97.7 million, and $145.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.