HLNE · XBRL financial data

Hamilton Lane financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (HLNE's year ends in late March)

In millions of dollars	Q3 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Revenue from contracts with customers	125	177*	197	150	168	198*	176	191	199	194*	275	204
Total operating expenses	74	93*	107	83	93	114*	99	111	113	111*	149	118
Other income (expense)	(0)	(2)*	10	1	0	(3)*	0	0	3	(1)*	(1)	16
Income tax expense (benefit)	16	20*	20	1	13	15*	18	14	27	16*	25	30
Net income (loss)	20	48*	59	55	53	50*	54	71	58	66*	80	77

Fiscal quarters (HLNE's year ends in late March)

In millions of dollars	Q3 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Cash and cash equivalents	169	120	171	233	327	284	322	334	348	372	350	348
Property and equipment, net	33	33	33	32	36	38	37	36	35	35	35	38
Right-of-use asset	63	62	62	63	61	61	60	59	64	61	74	73
Goodwill	—	10	—	—	—	10	—	—	—	10	—	—
Total assets	1,209	1,271	1,372	1,424	1,591	1,690	1,802	1,980	2,171	2,305	2,539	2,736
Total liabilities	585	595	635	622	729	766	807	822	845	838	847	808
Retained earnings	—	—	—	—	—	—	—	—	—	615	670	723
Total stockholders' equity	468	525	566	607	649	717	759	826	877	915	939	1,003
Total liabilities and equity	1,209	1,271	1,372	1,424	1,591	1,690	1,802	1,980	2,171	2,305	2,539	2,736

Fiscal quarters (HLNE's year ends in late March)

In millions of dollars	Q3 FY24Dec 31, 2023	Q4 FY24Mar 31, 2024	Q1 FY25Jun 30, 2024	Q2 FY25Sep 30, 2024	Q3 FY25Dec 31, 2024	Q4 FY25Mar 31, 2025	Q1 FY26Jun 30, 2025	Q2 FY26Sep 30, 2025	Q3 FY26Dec 31, 2025	Q4 FY26Mar 31, 2026	Q1 FY27Jun 30, 2026	Q2 FY27Sep 30, 2026
Net income (loss)	20	48*	59	55	53	50*	54	71	58	66*	80	77
Stock-based compensation	3*	3*	3	5*	12*	12*	13	12*	13*	13*	13	14*
Depreciation and amortization	2*	2*	2	2*	2*	2*	3	3*	2*	2*	3	2*
Net cash from operating activities	(36)*	22*	80	117*	64*	39*	129	119*	74*	103*	77	28*
Purchases of property and equipment	3*	2*	2	2*	6*	3*	1	1*	2*	2*	2	5*
Net cash from investing activities	(9)*	(28)*	2	(27)*	(43)*	(50)*	(94)	(134)*	(117)*	(150)*	(147)	(224)*
Proceeds from issuing common stock	—	year only	—	—	0*	248*	—	—	0*	0*	—	—
Share repurchases	—	year only	—	—	—	year only	—	—	—	—	—	—
Dividends paid	17*	17*	18	19*	19*	19*	20	22*	23*	23*	23	25*
Proceeds from long-term debt	10*	(10)*	0	0*	—	—	—	—	—	—	—	—
Net cash from financing activities	(20)*	(43)*	(30)	(28)*	73*	(33)*	3	26*	57*	69*	48	194*
Net change in cash	(65)*	(50)*	51	62*	94*	(44)*	39	12*	14*	24*	(22)	(2)*

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Hamilton Lane	348	204	28*	not reported	—	Q2 FY27 10-QSep 30, 2026
Affiliated Managers Group	411	641	239*	25.9M	—	Q2 FY26 10-QJun 30, 2026
Invesco	966	1,873	475*	439.5M	—	Q3 FY26 10-QSep 30, 2026
StepStone Group	703	379	(458)	not reported	1.5 quarters	Q1 FY27 10-QJun 30, 2026
Franklin Templeton	3,761	2,358	581*	508.1M	—	Q3 FY26 10-QJun 30, 2026
Janus Henderson Group	1,381	not reported	235	154.1M	—	Q1 FY26 10-QMar 31, 2026
Moelis	208	not reported	230*	not reported	—	Q2 FY26 10-QJun 30, 2026
Alliancebernstein Holding	0	not reported	76*	91.9M	—	Q3 FY26 10-QSep 30, 2026
Lazard	1,264	836	316*	109.8M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.