Houlihan Lokey (HLI) Retained Earnings (2015 - 2025)

Houlihan Lokey (HLI) recorded quarterly Retained Earnings of $1.6 billion in Q4 2025, up 4.78% quarter-over-quarter from $1.5 billion in Q3 2025, and up 20.81% on a YoY basis from $1.3 billion in Q4 2024.

Houlihan Lokey (HLI) Retained Earnings (2015 - 2025) Analysis & Trends

Houlihan Lokey's Retained Earnings history runs 11 years deep, the most recent figure standing at $1.6 billion for Q4 2025.

  • In Q4 2025, Retained Earnings rose 20.81% year-over-year to $1.6 billion; the TTM figure through Dec 2025 stood at $1.6 billion (up 20.81% YoY), while the FY2025 annual figure was -$63.3 million, down 105.44% from the prior year.
  • Retained Earnings was $1.6 billion for Q4 2025 at Houlihan Lokey, up from $1.5 billion in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of $1.6 billion in Q4 2025 to a low of -$79.7 million in Q3 2023.
  • Historically, Retained Earnings has averaged $660.5 million across 5 years, with a median of $814.3 million in 2021.
  • The sharpest annual moves came in 2022 and 2025: Retained Earnings slumped 253.92% in 2022, then surged 2182.78% in 2025.
  • A 5-year view of Retained Earnings shows it stood at $887.0 million in 2021, then slumped by 107.89% to -$70.0 million in 2022, then surged by 1701.84% to $1.1 billion in 2023, then climbed by 17.26% to $1.3 billion in 2024, then gained by 20.81% to $1.6 billion in 2025.
  • The last three Retained Earnings figures came in at $1.6 billion (Q4 2025), $1.5 billion (Q3 2025), and $1.4 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -103.29 Mn
2 Morgan Stanley 331.35 Bn 197.82 Bn - -5.51 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 169.32 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - -10.76 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn -1.80 Bn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 3.60 Bn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 6.17 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 7.93 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn -1.24 Bn
10 Houlihan Lokey 9.13 Bn 8.07 Bn 697.95 Mn 1.59 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.59 Bn
Sep 30, 2025 1.52 Bn
Jun 30, 2025 1.45 Bn
Mar 31, 2025 -63.28 Mn
Dec 31, 2024 1.31 Bn
Sep 30, 2024 1.26 Bn
Jun 30, 2024 -69.57 Mn
Mar 31, 2024 1.16 Bn
Dec 31, 2023 1.12 Bn
Sep 30, 2023 -79.72 Mn
Jun 30, 2023 1.06 Bn
Mar 31, 2023 -62.81 Mn
Dec 31, 2022 -70.01 Mn
Sep 30, 2022 981.20 Mn
Jun 30, 2022 -65.66 Mn
Mar 31, 2022 -43.35 Mn
Dec 31, 2021 887.00 Mn
Sep 30, 2021 741.68 Mn
Jun 30, 2021 -18.55 Mn
Mar 31, 2021 600.10 Mn