Houlihan Lokey Q1 revenue falls to $511 million; diluted EPS $1.15
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.