Houlihan Lokey (HLI) Other Working Capital Changes (2014 - 2025)

Houlihan Lokey (HLI) has reported Other Working Capital Changes for 12 consecutive years, with -$26.0 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Other Working Capital Changes fell 660.1% year-over-year to -$26.0 million; the TTM figure through Dec 2025 stood at $24.8 million (up 111.36% YoY), while the FY2025 annual figure was $33.2 million, up 391.33% from the prior year.
• Other Working Capital Changes came in at -$26.0 million for Q4 2025 at Houlihan Lokey, down from $19.5 million in the prior quarter.
• The five-year high for Other Working Capital Changes was $27.9 million in Q1 2025, with the low at -$26.0 million in Q4 2025.
• Average Other Working Capital Changes over 5 years is $2.3 million, with a median of $3.4 million recorded in 2024.
• Across the five-year window, Other Working Capital Changes tumbled 1549.48% in 2022 and jumped 782.33% in 2025, its largest moves.
• Year by year, Other Working Capital Changes stood at $7.1 million in 2021, then soared by 57.17% to $11.2 million in 2022, then plunged by 67.37% to $3.6 million in 2023, then increased by 27.25% to $4.6 million in 2024, then sank by 660.1% to -$26.0 million in 2025.
• According to Business Quant data, Other Working Capital Changes over the past three periods registered -$26.0 million, $19.5 million, and $3.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.