Houlihan Lokey (HLI) Receivables - Net (2015 - 2025)

Houlihan Lokey's Receivables - Net history runs 11 years deep, the most recent figure standing at $210.9 million for Q4 2025.

• In Q4 2025, Receivables - Net rose 26.51% year-over-year to $210.9 million; the TTM figure through Dec 2025 stood at $210.9 million (up 26.51% YoY), while the FY2025 annual figure was $257.3 million, up 28.9% from the prior year.
• Receivables - Net was $210.9 million for Q4 2025 at Houlihan Lokey, down from $251.2 million in the prior quarter.
• In the past five years, Receivables - Net ranged from a high of $257.3 million in Q1 2025 to a low of $90.8 million in Q2 2021.
• Historically, Receivables - Net has averaged $170.6 million across 5 years, with a median of $159.7 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Receivables - Net jumped 148.09% in 2021, then dropped 29.55% in 2022.
• A 5-year view of Receivables - Net shows it stood at $195.9 million in 2021, then dropped by 29.55% to $138.0 million in 2022, then gained by 10.67% to $152.8 million in 2023, then gained by 9.12% to $166.7 million in 2024, then increased by 26.51% to $210.9 million in 2025.
• The last three Receivables - Net figures came in at $210.9 million (Q4 2025), $251.2 million (Q3 2025), and $218.2 million (Q2 2025), per Business Quant data.