Houlihan Lokey (HLI) Intangibles (2021 - 2025)

Houlihan Lokey's Intangibles history runs 5 years deep, the most recent figure standing at $199.6 million for 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 was $199.6 million for Q4 2025 at Houlihan Lokey, down from $200.9 million in the prior quarter.
• In the past five years, Intangibles ranged from a high of $263.5 million in Q4 2021 to a low of $195.2 million in Q1 2021.
• Historically, Intangibles has averaged $210.5 million across 5 years, with a median of $202.1 million in 2023.
• Biggest YoY gain for Intangibles was 26.74% in 2022; the steepest drop was 22.26% in 2022.
• A 5-year view of Intangibles shows it stood at $263.5 million in 2021, then retreated by 22.26% to $204.8 million in 2022, then fell by 2.39% to $199.9 million in 2023, then climbed by 11.09% to $222.1 million in 2024, then dropped by 10.14% to $199.6 million in 2025.
• The last three Intangibles figures came in at $199.6 million (Q4 2025), $200.9 million (Q3 2025), and $203.6 million (Q2 2025), per Business Quant data.