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

Houlihan Lokey (HLI) has 12 years of Research & Development data on record, last reported at $20.4 million in Q4 2025.

  • For Q4 2025, Research & Development rose 13.46% year-over-year to $20.4 million; the TTM value through Dec 2025 reached $74.9 million, up 4.01%, 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 $17.3 million in the prior quarter.
  • Across five years, Research & Development topped out at $22.0 million in Q1 2024 and bottomed at -$10.1 million in Q1 2021.
  • Average Research & Development over 5 years is $13.6 million, with a median of $14.9 million recorded in 2022.
  • The widest YoY moves for Research & Development: up 386.2% in 2021, down 160.3% in 2021.
  • A 5-year view of Research & Development shows it stood at $11.1 million in 2021, then grew by 28.68% to $14.3 million in 2022, then increased by 8.21% to $15.4 million in 2023, then grew by 16.18% to $17.9 million in 2024, then increased by 13.46% to $20.4 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $20.4 million in Q4 2025, $17.3 million in Q3 2025, and $17.8 million in Q2 2025.