Security
Houlihan Lokey, Inc. · HLI
HLINYSECommon stockCurrentCIK 1302215Updated Nov 10, 2026
HLI price & chart
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NYSE:HLI on TradingView ↗About the company
Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.
In the news
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
S-8 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders · Regulation FD Disclosure
Items 5.02, 5.07, 7.01, 9.01
Show 5 more recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q3 2026 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | Q1 2025 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 3,936,755,000Source | 3,475,762,000Source | — | 3,793,365,000Source | 3,212,751,000Source | 3,717,000,000Source | 3,517,803,000Source | 2,942,916,000Source | 4,308,955,000Source | 3,819,708,000Source | 3,170,759,000Source | 2,968,814,000Source |
| Property, Plant and Equipment, NetUSD | 141,433,000Source | 140,105,000Source | — | 145,193,000Source | 148,729,000Source | 143,000,000Source | 150,619,000Source | 143,368,000Source | 142,876,000Source | 149,350,000Source | 136,701,000Source | 88,345,000Source |
| GoodwillUSD | 1,292,804,000Source | 1,280,304,000Source | — | 1,292,121,000Source | 1,177,757,000Source | 1,396,000,000Source | 1,295,128,000Source | 1,175,370,000Source | 1,395,857,000Source | 1,284,589,000Source | 1,127,497,000Source | 1,087,784,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,056,482,000Source | 799,340,000Source | — | 923,576,000Source | 691,410,000Source | 745,000,000Source | 793,823,000Source | 449,697,000Source | 1,189,454,000Source | 971,007,000Source | 721,235,000Source | 714,439,000Source |
| Accounts Receivable | —Source | —Source | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Operating Lease, Right-of-Use AssetUSD | 415,132,000Source | 355,937,000Source | — | 352,622,000Source | 359,739,000Source | 412,000,000Source | 364,207,000Source | 362,222,000Source | 407,454,000Source | 362,669,000Source | 344,024,000Source | 333,877,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 1,642,988,000Source | 1,395,221,000Source | — | 1,546,473,000Source | 1,255,664,000Source | 1,352,000,000Source | 1,339,987,000Source | 1,113,438,000Source | 1,856,024,000Source | 1,644,831,000Source | 1,334,009,000Source | 1,355,517,000Source |
| Stockholders’ equity: | ||||||||||||
| Additional Paid in CapitalUSD | 734,490,000Source | 851,854,000Source | — | 759,693,000Source | 735,277,000Source | 639,000,000Source | 743,715,000Source | 691,651,000Source | 746,118,000Source | 843,350,000Source | 739,870,000Source | 642,970,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,588,678,000Source | 1,314,974,000Source | — | 1,516,154,000Source | 1,259,950,000Source | 1,667,000,000Source | 1,448,993,000Source | 1,207,328,000Source | 1,645,100,000Source | 1,394,738,000Source | 1,163,419,000Source | 1,033,072,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -29,470,000Source | -86,357,000Source | — | -29,026,000Source | -38,209,000Source | -51,000,000Source | -14,962,000Source | -69,570,000Source | -48,910,000Source | -63,281,000Source | -66,608,000Source | -62,814,000Source |
| Liabilities and EquityUSD | 3,936,755,000Source | 3,475,762,000Source | — | 3,793,365,000Source | 3,212,751,000Source | 3,717,000,000Source | 3,517,803,000Source | 2,942,916,000Source | 4,308,955,000Source | 3,819,708,000Source | 3,170,759,000Source | 2,968,814,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | 7,711,000Source | — | — | 7,575,000Source | — | 8,997,000Source | 7,598,000Source | — | 8,784,000Source | 7,505,000Source | 544,000Source |
| Additional Financial Items | ||||||||||||
| Dividends PayableUSD | 17,053,000Source | 20,383,000Source | 20,110,000Source | 15,086,000Source | 15,803,000Source | 9,000,000Source | 13,000,000Source | 15,840,000Source | 19,084,000Source | 22,790,000Source | 22,883,000Source | 18,608,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | — | — | — | 110,000,000Source | — | — | 110,554,000Source | — | — | — |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | —Source | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 116,548,000Source | 95,302,000Source | 111,781,000Source | 93,549,000Source | 78,000,000Source | 98,000,000Source | 424,174,000Source | 399,711,000Source | 280,301,000Source | 254,223,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 8,000,000Source | 16,000,000Source | 42,634,000Source | 41,270,000Source | 28,536,000Source | 58,221,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -1,000,000Source | -40,000,000Source | -32,633,000Source | 55,698,000Source | 23,828,000Source | 37,742,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | -1,281,000Source | -25,116,000Source | -957,000Source | 20,470,000Source | -3,446,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -336,000,000Source | -132,000,000Source | 704,131,000Source | 848,609,000Source | 328,458,000Source | 136,273,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 1,000,000Source | 2,539,000Source | 69,188,000Source | 3,856,000Source | 20,427,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 112,000,000Source | 110,000,000Source | 2,176,000Source | -265,058,000Source | -70,406,000Source | -3,004,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 6,000,000Source | 13,000,000Source | 22,312,000Source | 39,699,000Source | 66,730,000Source | 50,731,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 106,000,000Source | 137,000,000Source | 142,738,000Source | 102,343,000Source | 70,713,000Source | 42,283,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | — | 175,428,000Source | 52,514,000Source | 24,952,000Source | 48,659,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -217,000,000Source | -197,000,000Source | -492,944,000Source | -329,070,000Source | -250,585,000Source | -240,462,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | 0Source | 1,000,000Source | 0Source | 710,000Source | 587,000Source | 570,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -444,000,000Source | -178,000,000Source | 218,289,000Source | 253,725,000Source | 7,042,000Source | -119,258,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,061,304,000Source | 800,792,000Source | 928,398,000Source | 692,862,000Source | 749,000,000Source | 798,000,000Source | 1,193,868,000Source | 975,579,000Source | 721,854,000Source | 714,812,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | 230,000Source | — | 1,363,000Source | 579,000Source | 5,904,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 26,000,000Source | 11,000,000Source | 187,247,000Source | 93,312,000Source | 105,056,000Source | 156,786,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -3,000,000Source | 41,000,000Source | 4,926,000Source | -756,000Source | -425,000Source | -12,065,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 60,923,000Source | 45,586,000Source | 46,632,000Source | 45,325,000Source | 45,000,000Source | 42,000,000Source | 201,304,000Source | 168,443,000Source | 166,595,000Source | 156,936,000Source |
| Amortization of Intangible AssetsUSD | — | — | 1,310,000Source | 4,066,000Source | 2,590,000Source | 2,067,000Source | 2,000,000Source | 9,000,000Source | 15,080,000Source | 19,328,000Source | 10,754,000Source | 44,971,000Source |
| DepreciationUSD | — | — | 6,988,000Source | 5,495,000Source | 7,713,000Source | 5,377,000Source | 6,000,000Source | 7,000,000Source | 27,554,000Source | 21,942,000Source | 17,782,000Source | 13,250,000Source |
| Dividends PayableUSD | — | — | 17,053,000Source | 20,383,000Source | 15,086,000Source | 15,803,000Source | 9,000,000Source | 13,000,000Source | 19,084,000Source | 22,790,000Source | 22,883,000Source | 18,608,000Source |
| GoodwillUSD | — | — | 1,292,804,000Source | 1,280,304,000Source | 1,292,121,000Source | 1,177,757,000Source | 1,396,000,000Source | 1,295,128,000Source | 1,395,857,000Source | 1,284,589,000Source | 1,127,497,000Source | 1,087,784,000Source |
| Income Tax Expense (Benefit)USD | — | — | 53,100,000Source | 49,816,000Source | 48,272,000Source | 42,539,000Source | 8,000,000Source | 0Source | 138,091,000Source | 131,624,000Source | 110,238,000Source | 69,777,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 116,548,000Source | 95,302,000Source | 111,781,000Source | 93,549,000Source | 78,000,000Source | 98,000,000Source | 425,697,000Source | 399,711,000Source | 280,301,000Source | 254,223,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 0Source | 0Source | -1,523,000Source | — | 0Source | 0Source |
| Nonoperating Income (Expense)USD | — | — | 8,918,000Source | 9,016,000Source | 8,712,000Source | 5,419,000Source | 8,000,000Source | 8,000,000Source | 35,246,000Source | 29,791,000Source | 27,678,000Source | -17,738,000Source |
| Operating ExpensesUSD | — | — | 556,342,000Source | 498,326,000Source | 508,111,000Source | 444,288,000Source | 433,000,000Source | 515,000,000Source | 2,090,497,000Source | 1,887,872,000Source | 1,551,543,000Source | 1,467,709,000Source |
| Operating Lease, ExpenseUSD | — | — | 19,523,000Source | 22,259,000Source | 17,750,000Source | 15,174,000Source | 21,000,000Source | 18,000,000Source | 79,810,000Source | 77,882,000Source | 76,079,000Source | 55,838,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | 4,000,000Source | 153,000,000Source | 263,299,000Source | 250,476,000Source | 11,278,000Source | 19,230,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | 811,000Source | — | 1,449,000Source | 876,000Source | -3,680,000Source |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 717,072,000Source | 634,428,000Source | 659,452,000Source | 574,957,000Source | 511,000,000Source | 605,000,000Source | 2,617,516,000Source | 2,389,416,000Source | 1,914,404,000Source | 1,809,447,000Source |
| Operating Income (Loss)USD | — | — | 160,730,000Source | 136,102,000Source | 151,341,000Source | 130,669,000Source | 78,000,000Source | 90,000,000Source | 527,019,000Source | 501,544,000Source | 362,861,000Source | 341,738,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 169,648,000Source | 145,118,000Source | 160,053,000Source | 136,088,000Source | 86,000,000Source | 98,000,000Source | 562,265,000Source | 531,335,000Source | 390,539,000Source | 324,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 53,100,000Source | 49,816,000Source | 48,272,000Source | 42,539,000Source | 8,000,000Source | 0Source | 138,091,000Source | 131,624,000Source | 110,238,000Source | 69,777,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 0Source | 0Source | -1,523,000Source | — | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 116,548,000Source | 95,302,000Source | 111,781,000Source | 93,549,000Source | 78,000,000Source | 98,000,000Source | 425,697,000Source | 399,711,000Source | 280,301,000Source | 254,223,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.75Source | 1.45Source | 1.67Source | 1.42Source | 1.17Source | 1.47Source | 6.4Source | 6.08Source | 4.36Source | 4.01Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.7Source | 1.39Source | 1.63Source | 1.37Source | 1.15Source | 1.42Source | 6.22Source | 5.82Source | 4.11Source | 3.76Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 66,633,965Source | 65,831,122Source | 66,963,260Source | 65,822,690Source | 66,500,000Source | 66,200,000Source | 66,547,768Source | 65,724,473Source | 64,337,975Source | 63,358,408Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 68,426,644Source | 68,760,959Source | 68,591,031Source | 68,422,600Source | 67,600,000Source | 68,900,000Source | 68,434,896Source | 68,658,347Source | 68,159,390Source | 67,586,263Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,310,000Source | 4,066,000Source | 2,590,000Source | 2,067,000Source | 2,000,000Source | 9,000,000Source | 15,080,000Source | 19,328,000Source | 10,754,000Source | 44,971,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 17,570,000Source | 12,798,000Source | 17,640,000Source | 7,038,000Source | 14,000,000Source | 21,000,000Source | 73,621,000Source | 54,777,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 163,207,000Source | 132,581,000Source | 89,768,000Source | 73,223,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 8,297,000Source | 9,561,000Source | 10,303,000Source | 7,444,000Source | 8,000,000Source | 16,000,000Source | 42,634,000Source | 41,270,000Source | 28,536,000Source | 58,221,000Source |
| Gross ProfitUSD | — | — | 230,712,000Source | 199,101,000Source | 222,839,000Source | 189,963,000Source | 154,000,000Source | 188,000,000Source | — | 772,312,000Source | 571,071,000Source | 557,081,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 363,222,000Source | — | — | — |
| Labor and Related ExpenseUSD | — | — | 441,001,000Source | 390,173,000Source | 405,562,000Source | 353,599,000Source | 314,000,000Source | 372,000,000Source | 1,609,770,000Source | 1,469,491,000Source | 1,213,589,000Source | 1,147,879,000Source |
| Nonoperating Income (Expense)USD | — | — | 8,918,000Source | 9,016,000Source | 8,712,000Source | 5,419,000Source | 8,000,000Source | 8,000,000Source | 35,246,000Source | 29,791,000Source | 27,678,000Source | -17,738,000Source |
| Operating ExpensesUSD | — | — | 556,342,000Source | 498,326,000Source | 508,111,000Source | 444,288,000Source | 433,000,000Source | 515,000,000Source | 2,090,497,000Source | 1,887,872,000Source | 1,551,543,000Source | 1,467,709,000Source |
| Operating Lease, ExpenseUSD | — | — | 19,523,000Source | 22,259,000Source | 17,750,000Source | 15,174,000Source | 21,000,000Source | 18,000,000Source | 79,810,000Source | 77,882,000Source | 76,079,000Source | 55,838,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 19,118,000Source | 16,904,000Source | 14,663,000Source | 20,031,000Source | 21,000,000Source | 20,000,000Source | 73,023,000Source | 68,933,000Source | 58,796,000Source | 67,624,000Source |
| Common Stock, Dividends, Per Share, Declared | — | — | —Source | — | — | — | —Source | — | — | — | — | — |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
Offerings
Registration 333-298200
Filing attachments
a2q27-ex991.htm · 8-K · 2026-10-28
Houlihan Lokey Reports Second Quarter Fiscal 2027 Financial Results - Second Quarter Fiscal 2027 Revenues of $692 million - - Second Quarter Fiscal 2027 Diluted EPS of $1.64 - - Adjusted Second Quarter Fiscal 2027 Diluted EPS of $1.85 - - Announces Dividend of $0.70 per Share for Third Quarter Fiscal 2027 - LOS ANGELES - October 28, 2026 - Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its second quarter ended September 30, 2026. Fo…
Read attachment ↗d916717dex991.htm · 8-K · 2026-09-22
Exhibit 99.1 Houlihan Lokey Appoints Prabha Sipi Bhandari as Chief Legal Officer NEW YORK - September 22, 2026 - Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today the appointment of Prabha Sipi Bhandari as Chief Legal Officer, with responsibility for overseeing all legal and compliance activities globally, and she will serve as corporate secretary to the firm’s board of directors. In that capacity, she will serve as an Executive Officer of the firm. Ms. Bhandari succ…
Read attachment ↗a1q27-ex991.htm · 8-K · 2026-07-30
EX-99.1 2 a1q27-ex991.htm EX-99.1 Document Houlihan Lokey Reports First Quarter Fiscal 2027 Financial Results - First Quarter Fiscal 2027 Revenues of $511 million - - First Quarter Fiscal 2027 Diluted EPS of $1.15 - - Adjusted First Quarter Fiscal 2027 Diluted EPS of $1.35 - - Announces Dividend of $0.70 per Share for Second Quarter Fiscal 2027 - LOS ANGELES - July 29, 2026 - Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fi…
Read attachment ↗q4fy26-ex991.htm · 8-K · 2026-05-07
EX-99.1 2 q4fy26-ex991.htm EX-99.1 Document Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2026 Financial Results - Record Fiscal Year 2026 Revenues of $2.62 billion - - Fiscal Year 2026 Diluted EPS of $6.22 - - Adjusted Fiscal Year 2026 Diluted EPS of $7.56 - - Fourth Quarter Fiscal 2026 Revenues of $636 million - - Fourth Quarter Fiscal 2026 Diluted EPS of $1.47 - - Adjusted Fourth Quarter Fiscal 2026 Diluted EPS of $1.63 - - Announces a 16.7% increase in the Quarterly Divid…
Read attachment ↗q3fy26-ex991.htm · 8-K · 2026-01-29
Houlihan Lokey Reports Third Quarter Fiscal 2026 Financial Results - Third Quarter Fiscal 2026 Revenues of $717 million - - Third Quarter Fiscal 2026 Diluted EPS of $1.70 - - Adjusted Third Quarter Fiscal 2026 Diluted EPS of $1.94 - - Announces Dividend of $0.60 per Share for Fourth Quarter Fiscal 2026 - LOS ANGELES and NEW YORK - January 28, 2026 - Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its third quarter ended December 31, 2…
Read attachment ↗q2fy26-ex991.htm · 8-K · 2025-10-31
EX-99.1 2 q2fy26-ex991.htm EX-99.1 Document Houlihan Lokey Reports Second Quarter Fiscal 2026 Financial Results - Second Quarter Fiscal 2026 Revenues of $659 million - - Second Quarter Fiscal 2026 Diluted EPS of $1.63 - - Adjusted Second Quarter Fiscal 2026 Diluted EPS of $1.84 - - Announces Dividend of $0.60 per Share for Third Quarter Fiscal 2026 - LOS ANGELES and NEW YORK - October 30, 2025 - Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financia…
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