HLNE · Hamilton Lane Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $175.96M | $198.59M | $190.88M | $196.73M | $168.26M | $150.00M | $125.04M | $125.26M | $126.88M | $135.51M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $98.98M | $112.58M | $111.17M | $107.12M | $92.54M | $82.81M | $70.10M | $73.87M | $71.28M | $72.98M |
| D&A | $2.53M | - | - | $2.31M | - | - | $1.87M | - | - | $1.76M |
| Operating Income | $95.45M | $120.05M | $117.58M | $106.77M | $90.15M | $77.09M | $67.74M | $50.33M | $66.36M | $67.61M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $18.38M | $27.25M | $13.98M | $19.69M | $12.70M | $1.17M | $16.40M | $15.80M | $1.86M | $11.49M |
| Net Income | $53.74M | $58.37M | $70.89M | $58.96M | $52.97M | $54.98M | $31.00M | $19.51M | $41.99M | $33.48M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $371.90M | $347.98M | $334.35M | $283.60M | $327.31M | $232.83M | $119.62M | $169.44M | $234.78M | $116.55M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.30B | $2.17B | $1.98B | $1.69B | $1.59B | $1.42B | $1.27B | $1.21B | $1.36B | $1.14B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $278.42M | $279.51M | $285.61M | $290.30M | $292.02M | $194.97M | $196.16M | $196.75M | $197.35M | $213.53M |
| Total Liabilities | $838.36M | $844.76M | $822.27M | $766.46M | $729.00M | $622.41M | $595.24M | $584.72M | $577.09M | $566.35M |
| Stockholders' Equity | $915.23M | $877.39M | $825.82M | $717.28M | $649.26M | $606.58M | $525.15M | $467.95M | $462.52M | $415.44M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $128.93M | - | - | $79.74M | - | - | $57.97M | - | - | $60.95M |
| Investing Cash Flow | ($93.81M) | - | - | $2.13M | - | - | ($39.72M) | - | - | ($56.45M) |
| Financing Cash Flow | $3.26M | - | - | ($30.42M) | - | - | ($4.83M) | - | - | $6.50M |
| CapEx | $1.34M | - | - | $1.51M | - | - | $3.38M | - | - | $1.71M |
| Free Cash Flow | $127.59M | - | - | $78.24M | - | - | $54.59M | - | - | $59.24M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 54.2% | 60.5% | 61.6% | 54.3% | 53.6% | 51.4% | 54.2% | 40.2% | 52.3% | 49.9% |
| EBITDA margin | 55.7% | - | - | 55.4% | - | - | 55.7% | - | - | 51.2% |
| Net margin | 30.5% | 29.4% | 37.1% | 30.0% | 31.5% | 36.7% | 24.8% | 15.6% | 33.1% | 24.7% |
| Free cash flow margin | 72.5% | - | - | 39.8% | - | - | 43.7% | - | - | 43.7% |
| FCF / Net income | 2.37 | - | - | 1.33 | - | - | 1.76 | - | - | 1.77 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.5% | 31.8% | 16.5% | 25.0% | 19.3% | 2.1% | 34.6% | 44.8% | 4.2% | 25.5% |
| Return on assets | 2.3% | 2.7% | 3.6% | 3.5% | 3.3% | 3.9% | 2.4% | 1.6% | 3.1% | 2.9% |
| Return on equity | 5.9% | 6.7% | 8.6% | 8.2% | 8.2% | 9.1% | 5.9% | 4.2% | 9.1% | 8.1% |
| Return on invested capital | 6.0% | 7.1% | 8.8% | 7.9% | 7.7% | 9.4% | 6.1% | 4.2% | 9.6% | 8.0% |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.30 | 0.32 | 0.35 | 0.40 | 0.45 | 0.32 | 0.37 | 0.42 | 0.43 | 0.51 |
| Debt / Assets | 0.12 | 0.13 | 0.14 | 0.17 | 0.18 | 0.14 | 0.15 | 0.16 | 0.15 | 0.19 |
| Debt / EBITDA | 2.84 | - | - | 2.66 | - | - | 2.82 | - | - | 3.08 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.52 | 2.47 | 2.40 | 2.36 | 2.45 | 2.35 | 2.42 | 2.58 | 2.94 | 2.75 |
| Liabilities / Assets | 0.36 | 0.39 | 0.42 | 0.45 | 0.46 | 0.44 | 0.47 | 0.48 | 0.42 | 0.50 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | 0.09 | 0.10 | 0.12 | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.12 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.6% | 18.0% | 27.3% | 57.3% | 34.3% | 18.2% | -7.7% | -1.4% | -17.3% | 71.5% |
| Revenue CAGR (3y) | 9.1% | 16.0% | 7.6% | 35.5% | 22.4% | 15.9% | 21.5% | 14.0% | 14.5% | 28.0% |
| Revenue CAGR (5y) | 20.3% | 18.6% | 17.7% | 24.9% | 19.8% | 18.5% | 14.6% | 14.0% | 21.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -10.6% | 33.2% | 52.5% | 57.6% | 79.1% | 16.2% | 0.2% | 49.5% | -9.4% | 19.4% |
| Net income growth (YoY) | -8.9% | 10.2% | 28.9% | 90.2% | 171.6% | 30.9% | -7.4% | 101.7% | 20.4% | 18.9% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 63.1% | - | - | 43.3% | - | - | -7.9% | - | - | 112.7% |
| FCF CAGR (5y) | 22.4% | - | - | 19.1% | - | - | 8.4% | - | - | 28.3% |
| Book value growth (YoY) | 27.6% | 35.1% | 36.1% | 36.6% | 38.7% | 31.1% | 26.4% | 18.6% | 18.4% | 19.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Product / service
$1.68B totalManagement And Advisory Fee Revenue$584.22M · 34.7%
Management And Advisory Fee Revenue Specialized Funds$374.40M · 22.2%
Incentive Fee Revenue Including Consolidated VIEs$174.78M · 10.4%
Incentive Fee Revenue$170.57M · 10.1%
Incentive Fee Revenue Specialized Funds$146.29M · 8.7%
Management And Advisory Fee Revenue Customized Separate Accounts$141.53M · 8.4%
Management And Advisory Fee Revenue Reporting And Other$35.77M · 2.1%
Incentive Fee Revenue Customized Separate Accounts$24.28M · 1.4%
Management And Advisory Fee Revenue Advisory$20.47M · 1.2%
Management And Advisory Fee Revenue Fund Reimbursement Revenue$9.87M · 0.6%
Management And Advisory Fee Revenue Distribution Management$2.17M · 0.1%
Geographic
$758.99M totalNon Us$448.64M · 59.1%
US$310.35M · 40.9%
Peer comparison
Same SIC group: Investment Advice
Comparing Hamilton Lane INC against the 5 most active filers in the same SIC group.
Dividends
$2.16/share trailing 12 months · +10.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $0.5400 |
| Dec 19, 2025 | $0.5400 |
| Sep 19, 2025 | $0.5400 |
| Jun 20, 2025 | $0.5400 |
| Mar 14, 2025 | $0.4900 |
| Dec 16, 2024 | $0.4900 |
| Sep 16, 2024 | $0.4900 |
| Jun 14, 2024 | $0.4900 |
| Mar 14, 2024 | $0.4450 |
| Dec 14, 2023 | $0.4450 |
| Sep 14, 2023 | $0.4450 |
| Jun 14, 2023 | $0.4450 |
| Mar 14, 2023 | $0.4000 |
| Dec 14, 2022 | $0.4000 |
| Sep 14, 2022 | $0.4000 |
| Jun 14, 2022 | $0.4000 |
| Mar 14, 2022 | $0.3500 |
| Dec 14, 2021 | $0.3500 |
| Sep 14, 2021 | $0.3500 |
| Jun 14, 2021 | $0.3500 |
| Mar 12, 2021 | $0.3130 |
| Dec 14, 2020 | $0.3130 |
| Sep 14, 2020 | $0.3130 |
| Jun 12, 2020 | $0.3130 |