Every material Form 8-K Houlihan Lokey has filed with the SEC since October 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Houlihan Lokey reported fiscal second-quarter 2027 revenue of $692 million, up from $660 million a year earlier, and GAAP diluted EPS of $1.64 versus $1.63. Net income attributable to the company was $109 million, down from $111 million, and six-month diluted EPS fell to $2.78 from $3.04. The board declared a regular quarterly dividend of $0.70 per share.
Q2 revenue was $692 million, up from $660 million; Corporate Finance rose 10% and Financial Restructuring fell 12%.
Adjusted diluted EPS was $1.85, versus $1.84 a year earlier (non-GAAP).
Quarterly dividend of $0.70 per share is payable December 15, 2026, to holders of record on December 1, 2026.
As of September 30, 2026, the company had $888 million of cash and cash equivalents and investment securities.
Houlihan Lokey disclosed that director Todd J. Carter resigned from its board on October 2, 2026, effective immediately. The filing states the resignation was not due to any disagreement with the company on its operations, policies or practices.
Todd J. Carter resigned from the board of directors on October 2, 2026, effective immediately
The company states the resignation was not the result of any disagreement on operations, policies or practices
The 8-K was signed by Prabha S. Bhandari, Chief Legal Officer and Secretary, on October 5, 2026
Houlihan Lokey stockholders approved a second amended and restated 2016 Incentive Award Plan at the September 16, 2026 annual meeting, reserving 12 million shares and reducing the automatic annual share increase from 6% to 1%. The board also elected Thomas Reichert as an independent director effective October 1, 2026, and named Prabha Sipi Bhandari Chief Legal Officer after General Counsel Christopher Crain retired.
Proposal 4 (incentive plan) passed with 161,991,591 votes for and 42,486,557 against
Thomas Reichert joins the board effective October 1, 2026, with a $120,000 restricted stock award
Prabha Sipi Bhandari appointed Chief Legal Officer and Secretary on September 16, 2026; Christopher Crain, General Counsel since 2004, became Corporate Senior Advisor
All three director nominees were elected to terms ending at the 2029 annual meeting
Houlihan Lokey director Gillian B. Zucker told the board on September 3, 2026 that she does not intend to stand for reelection when her term expires at the 2026 Annual Meeting of Stockholders. The filing states her decision was not the result of any disagreement with the company on its operations, policies or practices.
Gillian B. Zucker informed the board on September 3, 2026 of her decision
Her term expires at the Company's 2026 Annual Meeting of Stockholders
The filing states the decision involved no disagreement with the company
Houlihan Lokey reported first quarter fiscal 2027 revenue of $511 million, down from $605 million a year earlier, and GAAP diluted EPS of $1.15, down from $1.42. Adjusted diluted EPS was $1.35, versus $2.14 a year earlier. CEO Scott Adelson attributed the decline to Corporate Finance headwinds, including instability in the Middle East and disruption in the software sector, and said management believes these headwinds are temporary.
Revenues were $511 million versus $605 million for the first quarter ended June 30, 2025; Corporate Finance revenue fell 24% to $303 million.
GAAP diluted EPS was $1.15 versus $1.42; adjusted diluted EPS was $1.35 versus $2.14.
The Board declared a quarterly dividend of $0.70 per share, payable September 15, 2026, to holders of record as of September 1, 2026.
As of June 30, 2026, the company had $797 million of cash, cash equivalents and investment securities and repurchased 348 thousand shares in the quarter.
Houlihan Lokey reported record revenue of $2.62 billion for the fiscal year ended March 31, 2026, up from $2.39 billion, and GAAP diluted EPS of $6.22, up from $5.82. Fourth-quarter revenue fell to $636 million from $666 million, and GAAP diluted EPS fell to $1.47 from $1.76, so shareholders see a strong full year but a weaker final quarter. The board also raised the quarterly dividend 16.7% to $0.70 per share.
Fiscal 2026 revenue was $2.62 billion versus $2.39 billion; GAAP diluted EPS was $6.22 versus $5.82.
Fourth-quarter revenue was $636 million versus $666 million; GAAP diluted EPS was $1.47 versus $1.76.
Adjusted diluted EPS was $7.56 for the fiscal year (versus $6.29) and $1.63 for the quarter (versus $1.96), per the company's non-GAAP measures.
Quarterly dividend increased 16.7% to $0.70 per share, payable June 15, 2026 to holders of record June 1, 2026.
Houlihan Lokey director Robert A. Schriesheim informed the company on January 24, 2026 that he does not intend to stand for reelection when his term expires at the 2027 Annual Meeting of Shareholders. He has served on the board since July 2015. The filing discloses no financial results, replacement director, or other changes.
Director Robert A. Schriesheim notified the company on January 24, 2026.
He has served as a director since July 2015.
He does not intend to stand for reelection at the 2027 Annual Meeting of Shareholders.
The filing was signed by CFO J. Lindsey Alley on January 29, 2026.
Houlihan Lokey reported third-quarter fiscal 2026 revenues of $717 million, up from $634 million a year earlier, and GAAP diluted EPS of $1.70, up from $1.39. The company also declared a $0.60 quarterly dividend per share, payable March 15, 2026, which matters to shareholders because higher earnings were paired with a continued cash dividend.
Revenue by segment: Corporate Finance $474 million (up 12%), Financial Restructuring $156 million (up 19%), Financial and Valuation Advisory $87 million (up 6%)
Adjusted diluted EPS (non-GAAP) was $1.94, compared with $1.64 a year earlier
Dividend of $0.60 per share, record date March 2, 2026, payable March 15, 2026
Unrestricted cash and investment securities totaled $1.18 billion as of December 31, 2025
On December 30, 2025, Houlihan Lokey entered into an amended and restated voting trust agreement covering Class B common stock, replacing the 2015 agreement and its amendments. The revised terms change when the trust ends, how certain shares are voted after the final conversion date, and when former employees and current employees can withdraw shares, with a special committee of disinterested directors approving the change.
Agreement dated December 30, 2025 replaces the voting trust agreement dated August 18, 2015, as amended in 2015 and October 18, 2018
Trust terminates on the earliest of written agreement, 10 years after the Final Conversion Date, or when the trust holds less than 5% of outstanding shares
After the Final Conversion Date, trust shares above 30% of outstanding common stock must be voted in the same proportion as all other stockholders' shares
Former employees not employed for at least 12 months may have shares released after the Final Conversion Date
Houlihan Lokey reported fiscal second-quarter 2026 revenue of $659 million, up from $575 million a year earlier, and GAAP diluted EPS of $1.63, up from $1.37. Adjusted diluted EPS was $1.84 versus $1.46, and the board declared a $0.60 per share quarterly dividend, which matters to shareholders because both earnings measures rose and the payout continues.
Revenue of $659 million vs $575 million a year earlier; Corporate Finance revenue rose 21%.
GAAP diluted EPS of $1.63 vs $1.37; adjusted diluted EPS of $1.84 vs $1.46.
Quarterly dividend of $0.60 per share, payable December 15, 2025 to holders of record on December 1, 2025.
Unrestricted cash and investment securities of $1.11 billion as of September 30, 2025.
Houlihan Lokey's board increased its size from ten to eleven seats and appointed R. Scott Mund, a Deloitte partner, as an independent Class II director effective October 1, 2025. Mr. Mund joins the Nominating and Corporate Governance Committee and receives a restricted stock award valued at $100,000 under the company's director compensation program.
Board size increased from ten to eleven, effective October 1, 2025
R. Scott Mund appointed independent Class II director and member of the Nominating and Corporate Governance Committee
Mr. Mund is a partner at Deloitte LLP, which he joined in 2002
Restricted class A common stock award valued at $100,000, vesting over three anniversaries of the grant date
Houlihan Lokey entered into a Second Amendment to its Credit Agreement on August 19, 2025, increasing revolving commitments from $100 million to $150 million and extending the facility's maturity to August 19, 2030. The amendment also lowers the interest rate margin and commitment fee and removes the minimum Consolidated EBITDA financial covenant, which changes the terms of the company's borrowing arrangement.
Revolving commitments increased from $100 million to $150 million
Interest rate margin on adjusted term SOFR borrowings cut from 1.00% to 0.95%; commitment fee cut from 0.30% to 0.15% per annum
Maturity extended to August 19, 2030; minimum Consolidated EBITDA covenant eliminated
Houlihan Lokey reported fiscal first-quarter 2026 results for the quarter ended June 30, 2025, with revenue up from $514 million a year earlier and GAAP diluted EPS of $1.42 versus $1.30. Adjusted diluted EPS was $2.14 versus $1.22, and the board declared a $0.60 per share quarterly dividend, which shareholders should weigh alongside the results.
Revenue of $605 million versus $514 million a year earlier; Corporate Finance revenue rose 21%.
GAAP net income of $98 million, or $1.42 per diluted share, versus $89 million, or $1.30, a year earlier.
Adjusted diluted EPS of $2.14 versus $1.22 in the prior-year quarter.
Quarterly dividend of $0.60 per share, payable September 15, 2025, to holders of record on September 2, 2025.
Houlihan Lokey reported fiscal 2025 revenue of $2.39 billion, up from $1.91 billion, and GAAP diluted EPS of $5.82, up from $4.11, for the year ended March 31, 2025. Fourth-quarter revenue rose to $666 million from $520 million, and the company raised its quarterly dividend 5% to $0.60 per share. The company said current volatility makes meaningful forecasts difficult, so it gave no forward guidance.
Fiscal 2025 revenue $2.39 billion vs. $1.91 billion; Corporate Finance revenue up 38%
Fiscal 2025 GAAP diluted EPS $5.82 vs. $4.11; adjusted diluted EPS $6.29 vs. $4.49
Fourth-quarter revenue $666 million vs. $520 million; GAAP diluted EPS $1.76 vs. $1.18
Quarterly dividend raised 5% to $0.60 per share, payable June 15, 2025 to holders of record June 2, 2025
Houlihan Lokey reported results for the fiscal third quarter ended December 31, 2024, with revenues of $634 million, up from $511 million a year earlier. Diluted EPS was $1.39 on a GAAP basis, compared with $1.04, and adjusted diluted EPS was $1.64, compared with $1.22. The company also declared a quarterly dividend of $0.57 per share, which is payable March 15, 2025.
Revenues were $634 million versus $511 million in the same quarter last year.
GAAP diluted EPS was $1.39 versus $1.04; adjusted diluted EPS was $1.64 versus $1.22.
Corporate Finance revenues rose 36% to $422 million; Financial Restructuring rose 2% to $131 million; Financial and Valuation Advisory rose 14% to $82 million.
Quarterly dividend of $0.57 per share is payable March 15, 2025 to holders of record on March 3, 2025.
Houlihan Lokey reported fiscal second-quarter 2025 revenues of $575 million, up from $467 million a year earlier, and GAAP diluted EPS of $1.37 versus $0.99. Adjusted diluted EPS was $1.46 compared with $1.11. The board also declared a $0.57 per share quarterly dividend, payable December 15, 2024, and CEO Scott Adelson said the outlook for the second half of fiscal 2025 is positive.
Revenues were $575 million versus $467 million; Corporate Finance rose 29%, Financial Restructuring 15% and Financial and Valuation Advisory 12%.
Net income was $94 million, or $1.37 per diluted share, versus $67 million, or $0.99, a year earlier.
Adjusted diluted EPS was $1.46 versus $1.11 for the same quarter last year.
Quarterly dividend of $0.57 per share is payable December 15, 2024 to holders of record on December 2, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Houlihan Lokey filing is on SEC EDGAR ↗. 8-K briefs of other companies →