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Houlihan Lokey (HLI) Research & Development (2016 - 2025)

Houlihan Lokey's Research & Development history spans 12 years, with the latest figure at $20.4 million for Q4 2025.

  • For Q4 2025, Research & Development rose 20.14% year-over-year to $20.4 million; the TTM value through Dec 2025 reached $74.0 million, up 7.76%, while the annual FY2025 figure was $69.4 million, 6.28% up from the prior year.
  • Research & Development reached $20.4 million in Q4 2025 per HLI's latest filing, up from $15.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $20.4 million in Q4 2025 to a low of $7.0 million in Q2 2021.
  • Average Research & Development over 5 years is $14.7 million, with a median of $15.6 million recorded in 2023.
  • Peak YoY movement for Research & Development: skyrocketed 255.64% in 2021, then fell 14.57% in 2025.
  • A 5-year view of Research & Development shows it stood at $11.1 million in 2021, then soared by 33.01% to $14.8 million in 2022, then increased by 17.45% to $17.3 million in 2023, then decreased by 2.19% to $16.9 million in 2024, then rose by 20.14% to $20.4 million in 2025.
  • Per Business Quant, the three most recent readings for HLI's Research & Development are $20.4 million (Q4 2025), $15.2 million (Q3 2025), and $20.0 million (Q2 2025).