Houlihan Lokey (HLI) Net Cash Flow (2014 - 2025)
Houlihan Lokey's Net Cash Flow came in at $142.7 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 1.4% from $140.76 million a year earlier and up 2.6% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Net Cash Flow (2014 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Houlihan Lokey reported Net Cash Flow of $223.67 million, down 16.5% year-over-year; for FY2025 (ended Mar 31, 2025), it was $254.48 million.
- Net Cash Flow carries a five-year compound annual growth rate of 20.0% (FY2020 to FY2025).
- Going back by fiscal year, Net Cash Flow was $7.47 million in FY2024, -$107.19 million in FY2023, $3.63 million in FY2022 (-99.2%) and $453.27 million in FY2021 (+342.7%).
- The five-year range for quarterly Net Cash Flow is -$333.49 million (fiscal Q1 2023) to $219.22 million (fiscal Q2 2025).
- Year-over-year, Net Cash Flow increased in four of the last six quarters, with growth averaging 92.4%.
- The fastest year-over-year change in Net Cash Flow over five years came in fiscal Q2 2025 (growth of 361.3%), and the weakest in fiscal Q2 2023 (a decline of 82.4%).
- Business Quant data shows HLI's Net Cash Flow at $139.02 million (Q2 2026), -$219 million (Q1 2026) and $160.95 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.71 Bn | 94.81 Bn | - | -7.17 Bn |
| 2 | Robinhood Markets | 91.00 Bn | 72.04 Bn | - | 1.86 Bn |
| 3 | Intercontinental Exchange | 88.94 Bn | 82.68 Bn | - | -2.87 Bn |
| 4 | Nasdaq | 53.86 Bn | 51.29 Bn | 1.50 Bn | -318.00 Mn |
| 5 | Interactive Brokers | 38.16 Bn | 15.27 Bn | - | 5.86 Bn |
| 6 | Cboe Global Markets | 33.26 Bn | 24.92 Bn | 731.60 Mn | -721.70 Mn |
| 7 | LPL Financial Holdings | 25.58 Bn | 20.89 Bn | - | 22.80 Mn |
| 8 | Tradeweb Markets | 25.42 Bn | 17.44 Bn | - | 121.07 Mn |
| 9 | Circle Internet | 22.36 Bn | 16.24 Bn | 288.85 Mn | -3.41 Bn |
| 10 | Houlihan Lokey | 8.54 Bn | 4.58 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 142.70 Mn |
| Sep 30, 2025 | 139.02 Mn |
| Jun 30, 2025 | -219.00 Mn |
| Mar 31, 2025 | 160.95 Mn |
| Dec 31, 2024 | 140.76 Mn |
| Sep 30, 2024 | 219.22 Mn |
| Jun 30, 2024 | -266.44 Mn |
| Mar 31, 2024 | 174.48 Mn |
| Dec 31, 2023 | 42.55 Mn |
| Sep 30, 2023 | 47.52 Mn |
| Jun 30, 2023 | -257.08 Mn |
| Mar 31, 2023 | 166.06 Mn |
| Dec 31, 2022 | 35.13 Mn |
| Sep 30, 2022 | 25.10 Mn |
| Jun 30, 2022 | -333.49 Mn |
| Mar 31, 2022 | -212.18 Mn |
| Dec 31, 2021 | 138.38 Mn |
| Sep 30, 2021 | 142.27 Mn |
| Jun 30, 2021 | -64.84 Mn |
| Mar 31, 2021 | 210.97 Mn |
API Access
Houlihan Lokey Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();