HOULIHAN LOKEY, INC. (HLI) Form 8-K — Oct 28, 2026
Houlihan Lokey reported second quarter fiscal 2027 revenues of $692 million, up from $660 million a year ago, with GAAP diluted EPS of $1.64 and adjusted diluted EPS of $1.85. CEO Scott Adelson said improving market conditions produced a stronger quarter, though he remains cautious given external volatility. Segment results were divergent: Corporate Finance revenues rose 10% to $481 million and Financial and Valuation Advisory grew 7% to $93 million, while Financial Restructuring declined 12% to $118 million on fewer closed transactions, which management attributed to timing rather than a trend.
Key figures
- Eps
- 1.64
- Revenue
- 692000000
- Net Income
- 109000000
- Revenue Yoy
- 5% increase from $660 million
- Total Assets
- 3975000000
- Cash Position
- $888 million of cash and cash equivalents and investment securities
- Fva revenue
- 93000000
- Adjusted eps
- 1.85
- Prior year eps
- 1.63
- Gaap comp ratio
- 63.7%
- Dividend per share
- 0.7
- Fva revenue growth
- 7%
- Managing directors
- 370 total (267 CF, 57 FR, 46 FVA)
- Prior year revenue
- 660000000
- Shares repurchased
- 397 thousand shares in Q2
- Adjusted comp ratio
- 61.5%
- Adjusted net income
- $124 million
- Cf closed transactions
- 142
- Fr closed transactions
- 27
- Prior year adjusted eps
- 1.84
- Corporate finance revenue
- 481000000
- Financial restructuring revenue
- 118000000
- Corporate finance revenue growth
- 10%
- Financial restructuring revenue change
- (12)%
AI analysis
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