Houlihan Lokey (HLI) Receivables (2015 - 2025)

Houlihan Lokey's Receivables history runs 11 years deep, the most recent figure standing at $220.6 million for Q4 2025.

• In Q4 2025, Receivables rose 26.7% year-over-year to $220.6 million; the TTM figure through Dec 2025 stood at $220.6 million (up 26.7% YoY), while the FY2025 annual figure was $267.0 million, up 29.43% from the prior year.
• Receivables was $220.6 million for Q4 2025 at Houlihan Lokey, down from $260.4 million in the prior quarter.
• In the past five years, Receivables ranged from a high of $267.0 million in Q1 2025 to a low of $106.8 million in Q2 2021.
• Historically, Receivables has averaged $180.0 million across 5 years, with a median of $169.7 million in 2022.
• The sharpest annual moves came in 2021 and 2022: Receivables surged 130.92% in 2021, then declined 17.15% in 2022.
• A 5-year view of Receivables shows it stood at $199.4 million in 2021, then slipped by 17.15% to $165.2 million in 2022, then decreased by 2.97% to $160.3 million in 2023, then rose by 8.59% to $174.1 million in 2024, then rose by 26.7% to $220.6 million in 2025.
• The last three Receivables figures came in at $220.6 million (Q4 2025), $260.4 million (Q3 2025), and $228.0 million (Q2 2025), per Business Quant data.