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

Houlihan Lokey has reported Research & Development over the past 12 years, most recently 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 for Q4 2025 was $20.4 million at Houlihan Lokey, up from $15.2 million in the prior quarter.
  • Over five years, Research & Development peaked at $20.4 million in Q4 2025 and troughed at $7.0 million in Q2 2021.
  • A 5-year average of $14.7 million and a median of $15.6 million in 2023 define the central range for Research & Development.
  • Biggest five-year swings in Research & Development: soared 255.64% in 2021 and later decreased 14.57% in 2025.
  • Year by year, Research & Development stood at $11.1 million in 2021, then skyrocketed by 33.01% to $14.8 million in 2022, then rose by 17.45% to $17.3 million in 2023, then fell by 2.19% to $16.9 million in 2024, then grew by 20.14% to $20.4 million in 2025.
  • Business Quant data shows Research & Development for HLI at $20.4 million in Q4 2025, $15.2 million in Q3 2025, and $20.0 million in Q2 2025.