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

Houlihan Lokey's Other Working Capital Changes history runs 12 years deep, the most recent figure standing at -$26.0 million for 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 was -$26.0 million for Q4 2025 at Houlihan Lokey, down from $19.5 million in the prior quarter.
• In the past five years, Other Working Capital Changes ranged from a high of $27.9 million in Q1 2025 to a low of -$26.0 million in Q4 2025.
• Historically, Other Working Capital Changes has averaged $2.3 million across 5 years, with a median of $3.4 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Other Working Capital Changes slumped 1549.48% in 2022, then jumped 782.33% in 2025.
• A 5-year view of Other Working Capital Changes shows it stood at $7.1 million in 2021, then soared by 57.17% to $11.2 million in 2022, then tumbled by 67.37% to $3.6 million in 2023, then advanced by 27.25% to $4.6 million in 2024, then plunged by 660.1% to -$26.0 million in 2025.
• The last three Other Working Capital Changes figures came in at -$26.0 million (Q4 2025), $19.5 million (Q3 2025), and $3.3 million (Q2 2025), per Business Quant data.