Houlihan Lokey (HLI) Intangibles (2021 - 2025)

Houlihan Lokey (HLI) has reported Intangibles for 5 consecutive years, with $199.6 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Intangibles fell 10.14% year-over-year to $199.6 million; the TTM figure through Dec 2025 stood at $199.6 million (down 10.14% YoY), while the FY2025 annual figure was $212.7 million, up 7.71% from the prior year.
• Intangibles came in at $199.6 million for Q4 2025 at Houlihan Lokey, down from $200.9 million in the prior quarter.
• The five-year high for Intangibles was $263.5 million in Q4 2021, with the low at $195.2 million in Q1 2021.
• Average Intangibles over 5 years is $210.5 million, with a median of $202.1 million recorded in 2023.
• The largest YoY upside for Intangibles was 26.74% in 2022 against a maximum downside of 22.26% in 2022.
• Year by year, Intangibles stood at $263.5 million in 2021, then dropped by 22.26% to $204.8 million in 2022, then slipped by 2.39% to $199.9 million in 2023, then rose by 11.09% to $222.1 million in 2024, then retreated by 10.14% to $199.6 million in 2025.
• According to Business Quant data, Intangibles over the past three periods registered $199.6 million, $200.9 million, and $203.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.