Hamilton Lane (HLNE) Financials

$149.77 -6.31 (-4.04%)

Closing price 04:00 PM Eastern

Extended Trading

$149.75 -0.02 (-0.01%)

As of 05:00 PM Eastern

Annual Income Statements for Hamilton Lane

This table shows Hamilton Lane's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Net Income / (Loss) Attributable to Common Shareholders	141	109	146	98	61	34	17	0.61	0.00
Consolidated Net Income / (Loss)	227	187	247	169	127	99	106	74	56
Net Income / (Loss) Continuing Operations	223	184	247	169	127	99	106	74	56
Total Pre-Tax Income	282	243	314	193	141	130	140	75	57
Total Operating Income	246	240	170	156	116	104	123	76	62
Total Gross Profit	350	330	239	205	174	153	161	108	89
Total Revenue	554	529	368	342	274	252	244	180	181
Operating Revenue	554	529	368	342	274	252	244	180	181
Total Cost of Revenue	204	198	129	136	100	99	83	72	92
Operating Cost of Revenue	204	198	129	136	100	99	83	72	92
Total Operating Expenses	104	90	69	50	57	49	38	32	27
Selling, General & Admin Expense	104	90	69	50	57	49	38	32	27
Total Other Income / (Expense), net	36	-0.76	144	37	24	25	17	-1.36	-5.11
Interest Expense	11	8.62	4.64	2.50	2.82	3.04	5.99	15	13
Interest & Investment Income	40	6.88	79	34	21	7.71	18	13	1.71
Other Income / (Expense), net	2.12	0.99	69	5.91	5.69	21	5.04	0.08	5.82
Income Tax Expense	54	55	66	24	14	31	33	0.32	0.87
Net Income / (Loss) Attributable to Noncontrolling Interest	86	78	101	71	66	65	89	74	56
Basic Earnings per Share	$3.72	$3.05	$4.02	$2.82	$2.17	$1.41	$0.94	$0.03	$0.00
Weighted Average Basic Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	-	-
Diluted Earnings per Share	$3.69	$3.01	$3.98	$2.81	$2.15	$1.40	$0.93	$0.03	$0.00
Weighted Average Diluted Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	-	-
Weighted Average Basic & Diluted Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	-	-
Cash Dividends to Common per Share	$1.78	$1.60	$1.40	$1.25	$1.10	$0.85	$0.70	$0.00	$0.00

This table shows Hamilton Lane's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	53	55	59	48	20	42	31	31	9.67	35	33
Consolidated Net Income / (Loss)	77	76	87	77	35	65	51	51	22	58	56
Net Income / (Loss) Continuing Operations	77	76	87	75	35	65	50	50	20	58	56
Total Pre-Tax Income	90	77	107	97	50	66	68	68	34	73	68
Total Operating Income	76	67	90	84	51	56	55	49	58	70	63
Total Gross Profit	106	95	118	112	76	81	81	73	81	93	83
Total Revenue	168	150	197	177	125	127	125	113	127	153	136
Operating Revenue	168	150	197	177	125	127	125	113	127	153	136
Total Cost of Revenue	62	55	78	64	50	46	44	40	46	60	52
Operating Cost of Revenue	62	55	78	64	50	46	44	40	46	60	52
Total Operating Expenses	31	28	29	29	24	25	26	23	23	23	21
Selling, General & Admin Expense	31	28	29	29	24	25	26	23	23	23	21
Total Other Income / (Expense), net	14	9.90	17	15	-1.06	11	13	16	-25	3.40	4.62
Interest Expense	3.87	2.70	2.95	8.43	2.75	2.74	2.90	4.08	2.42	2.11	0.00
Interest & Investment Income	14	7.87	8.15	17	1.45	12	13	13	1.09	-6.41	-0.46
Other Income / (Expense), net	3.89	4.74	12	2.45	-0.01	1.31	1.16	9.47	-25	12	5.08
Income Tax Expense	13	1.17	20	20	16	1.86	16	17	12	15	11
Net Income / (Loss) Attributable to Noncontrolling Interest	24	21	28	28	15	23	20	20	12	23	23
Basic Earnings per Share	$1.33	$1.38	$1.49	$1.27	$0.52	$1.11	$0.82	$0.83	$0.32	$0.98	$0.92
Weighted Average Basic Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Diluted Earnings per Share	$1.32	$1.37	$1.47	$1.26	$0.51	$1.11	$0.81	$0.82	$0.31	$0.97	$0.91
Weighted Average Diluted Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Weighted Average Basic & Diluted Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Cash Dividends to Common per Share	$0.49	$0.49	$0.49	$0.43	$0.45	$0.45	$0.45	$0.40	$0.40	$0.40	$0.40

This table details how cash moves in and out of Hamilton Lane's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Net Change in Cash & Equivalents	3.07	40	-14	37	1.62	2.21	15	-36	1.57
Net Cash From Operating Activities	121	227	170	188	116	112	97	82	109
Net Cash From Continuing Operating Activities	223	227	170	188	116	112	97	82	109
Net Income / (Loss) Continuing Operations	227	187	247	169	127	99	106	74	56
Consolidated Net Income / (Loss)	227	187	247	169	127	99	106	74	56
Depreciation Expense	8.19	7.44	5.50	4.13	3.29	2.98	1.89	1.92	2.03
Non-Cash Adjustments To Reconcile Net Income	-49	31	-107	-21	-12	-13	-3.21	5.80	7.36
Changes in Operating Assets and Liabilities, net	36	1.00	24	37	-1.20	23	-8.29	-0.47	43
Net Cash From Investing Activities	-122	178	-70	-422	-50	-19	-22	-17	2.50
Net Cash From Continuing Investing Activities	-224	178	-70	-149	-50	-19	-22	-17	2.50
Purchase of Property, Plant & Equipment	-11	-4.75	-8.53	-19	-1.98	-5.37	-2.25	-1.28	-0.92
Acquisitions	-160	-1.50	-10	-71	-58	-46	-36	-24	-18
Purchase of Investments	-14	-40	-19	-91	-3.97	0.00	0.00	-	-
Divestitures	3.31	279	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	15	29	40	31	14	33	16	8.78	22
Other Investing Activities, net	-58	-85	-73	-	-0.16	-0.94	0.00	0.00	-
Net Cash From Financing Activities	4.40	-364	-113	271	-65	-90	-60	-101	-110
Net Cash From Continuing Financing Activities	4.40	-364	-113	0.69	-65	-90	-60	-101	-110
Repayment of Debt	-39	-40	-40	-8.30	-88	-14	-87	-163	-122
Repurchase of Common Equity	-0.00	0.00	-0.00	-0.01	-0.00	-0.00	-0.00	-5.82	0.00
Payment of Dividends	-109	-137	-98	-77	-77	-72	-52	-84	-73
Issuance of Debt	10	72	25	90	90	0.00	85	0.00	254
Issuance of Common Equity	348	65	77	475	148	194	126	205	0.63
Other Financing Activities, net	-205	-324	-77	-479	-137	-199	-132	-53	-170

This table details how cash moves in and out of Hamilton Lane's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	101	61	52	-50	-64	105	13	-37	28	38	11
Net Cash From Operating Activities	64	117	80	22	-36	78	58	13	58	95	61
Net Cash From Continuing Operating Activities	73	115	81	22	-35	77	58	13	58	95	61
Net Income / (Loss) Continuing Operations	77	76	87	77	35	65	51	51	22	58	56
Consolidated Net Income / (Loss)	77	76	87	77	35	65	51	51	22	58	56
Depreciation Expense	2.39	2.37	2.31	2.41	2.04	1.86	1.87	1.84	2.02	1.81	1.76
Non-Cash Adjustments To Reconcile Net Income	-21	47	-40	-44	-91	6.90	-21	-13	39	1.53	3.74
Changes in Operating Assets and Liabilities, net	14	-11	31	-14	20	3.91	26	-27	-5.16	34	-0.68
Net Cash From Investing Activities	-43	-27	2.13	-28	-8.99	-45	-40	-24	262	-4.22	-56
Net Cash From Continuing Investing Activities	-31	-39	2.13	-28	-8.99	-45	-40	-24	262	-4.22	-56
Purchase of Property, Plant & Equipment	-5.63	-1.57	-1.51	-1.61	-3.19	-2.89	-3.39	-1.49	-0.77	-0.78	-1.71
Acquisitions	-17	-18	-2.28	-	-	-41	-16	-	-	35	-37
Purchase of Investments	-0.79	0.00	-5.00	-8.00	-	-5.18	-1.18	-2.90	-8.89	-7.54	-20
Divestitures	0.51	1.28	0.00	0.74	0.82	0.86	0.88	-	279	-	-
Sale and/or Maturity of Investments	9.56	4.64	9.23	3.42	4.73	4.33	3.02	1.93	6.75	18	2.23
Other Investing Activities, net	-17	-26	1.69	-23	-11	-0.95	-23	-21	-14	-	-
Net Cash From Financing Activities	73	-28	-30	-43	-20	72	-4.83	-26	-292	-53	6.50
Net Cash From Continuing Financing Activities	73	-28	-30	-43	-20	72	-4.83	-26	-292	-53	6.50
Repayment of Debt	-0.63	-0.63	-0.63	-12	-0.63	-0.63	-26	-11	-1.71	-27	-0.46
Payment of Dividends	-25	-34	-34	-29	-20	-27	-33	-48	-19	-26	-44
Issuance of Debt	98	-	0.00	-	-	-	10	15	6.68	-	50
Issuance of Common Equity	0.93	6.27	5.15	202	0.88	100	44	63	0.77	0.74	0.62
Other Financing Activities, net	-0.07	-0.39	-0.53	-205	-0.16	-	-0.11	-324	-0.07	-0.09	0.00

This table presents Hamilton Lane's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017
Total Assets	1,271	1,141	1,295	1,137	474	361	294	241
Total Current Assets	139	134	359	746	255	54	50	35
Cash & Equivalents	115	112	72	87	50	49	48	32
Restricted Cash	4.99	4.80	280	279	-	-	-	-
Accounts Receivable	8.15	7.19	-	-	-	-	-	-
Prepaid Expenses	11	9.82	6.86	6.14	6.99	4.71	2.30	2.59
Plant, Property, & Equipment, net	33	28	29	23	7.40	8.11	4.78	4.06
Total Noncurrent Assets	1,071	922	897	367	211	298	239	202
Long-Term Investments	604	531	504	-	-	154	137	120
Noncurrent Note & Lease Receivables	108	47	52	29	30	20	15	12
Noncurrent Deferred & Refundable Income Taxes	262	234	245	252	138	108	73	61
Other Noncurrent Operating Assets	97	110	96	86	43	16	14	8.19
Total Liabilities & Shareholders' Equity	1,271	1,141	1,295	1,137	474	361	294	241
Total Liabilities	595	566	557	546	236	191	158	154
Total Current Liabilities	4.51	4.56	2.83	2.17	1.97	2.62	1.70	1.37
Accounts Payable	4.51	4.56	2.83	2.17	1.97	2.62	1.70	1.37
Total Noncurrent Liabilities	591	562	555	544	234	188	156	153
Long-Term Debt	196	214	-	-	-	-	-	-
Noncurrent Employee Benefit Liabilities	36	24	20	29	11	12	8.09	3.42
Other Noncurrent Operating Liabilities	359	324	535	515	220	172	142	104
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	676	574	461	314	237	170	136	87
Total Preferred & Common Equity	525	415	347	238	155	110	78	60
Total Common Equity	525	415	347	238	155	110	78	60
Common Stock	208	172	162	151	108	93	74	62
Retained Earnings	317	244	185	88	47	18	4.55	0.61
Noncontrolling Interest	151	159	115	76	83	59	58	27

This table presents Hamilton Lane's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022	6/30/2022	12/31/2021
Total Assets	1,591	1,424	1,372	1,209	1,359	1,200	1,124	1,388	1,352	1,279
Total Current Assets	358	266	193	189	249	141	10	285	370	364
Cash & Equivalents	321	227	166	164	230	125	0.00	0.00	83	79
Restricted Cash	5.86	5.86	4.80	4.99	4.97	-	3.12	280	280	279
Accounts Receivable	21	16	14	9.97	7.82	7.96	-	-	-	-
Prepaid Expenses	9.45	17	7.49	9.42	6.53	8.01	7.08	5.52	6.58	5.91
Plant, Property, & Equipment, net	36	32	33	33	32	30	28	29	29	29
Total Noncurrent Assets	1,145	1,084	1,118	971	959	940	898	917	919	878
Long-Term Investments	664	627	621	588	558	546	514	534	533	483
Noncurrent Note & Lease Receivables	136	96	141	68	62	66	52	47	45	47
Noncurrent Deferred & Refundable Income Taxes	255	257	259	226	230	229	230	237	246	249
Other Noncurrent Operating Assets	90	104	97	89	109	99	102	99	95	98
Total Liabilities & Shareholders' Equity	1,591	1,424	1,372	1,209	1,359	1,200	1,124	1,388	1,352	1,279
Total Liabilities	729	622	635	585	577	558	594	587	585	541
Total Current Liabilities	5.25	6.43	4.68	3.31	3.54	5.57	2.05	1.94	3.57	2.19
Accounts Payable	5.25	6.43	4.68	3.31	3.54	5.57	2.05	1.94	3.57	2.19
Total Noncurrent Liabilities	724	616	630	581	574	553	592	585	582	538
Long-Term Debt	292	195	196	197	197	198	199	194	221	147
Noncurrent Employee Benefit Liabilities	78	71	68	58	47	33	66	64	37	48
Other Noncurrent Operating Liabilities	354	350	367	327	329	322	327	326	324	343
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	862	802	737	624	782	642	530	525	491	463
Total Preferred & Common Equity	649	607	566	468	463	435	395	391	369	344
Total Common Equity	649	607	566	468	463	435	395	391	369	344
Common Stock	224	215	210	182	179	177	167	165	163	162
Retained Earnings	425	392	356	286	283	258	228	226	205	182
Noncontrolling Interest	213	195	170	156	319	207	135	134	122	119

This table displays calculated financial ratios and metrics derived from Hamilton Lane's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	4.74%	43.71%	7.69%	24.66%	8.67%	3.34%	35.71%	-0.54%	0.00%
EBITDA Growth	3.08%	1.62%	47.49%	32.18%	-1.92%	-1.55%	66.27%	10.75%	0.00%
EBIT Growth	2.87%	0.85%	47.86%	32.36%	-2.21%	-2.43%	67.97%	12.64%	0.00%
NOPAT Growth	7.07%	38.56%	-1.76%	29.72%	31.69%	-14.92%	23.50%	24.48%	0.00%
Net Income Growth	21.38%	-24.29%	46.49%	33.14%	28.06%	-6.87%	42.80%	33.28%	0.00%
EPS Growth	22.59%	-24.37%	41.64%	30.70%	53.57%	50.54%	3,000.00%	0.00%	0.00%
Operating Cash Flow Growth	-46.66%	33.66%	-9.90%	61.69%	4.26%	15.44%	18.38%	-25.19%	0.00%
Free Cash Flow Firm Growth	707.26%	-123.63%	-59.18%	239.00%	24.99%	-15.12%	-45.92%	0.00%	0.00%
Invested Capital Growth	44.49%	164.73%	14.19%	-1,329.14%	69.28%	30.03%	25.88%	0.00%	0.00%
Revenue Q/Q Growth	13.04%	2.30%	-0.53%	8.22%	3.77%	-4.04%	14.51%	0.00%	0.00%
EBITDA Q/Q Growth	4.99%	3.64%	1.48%	8.01%	5.19%	-11.04%	25.44%	0.00%	0.00%
EBIT Q/Q Growth	4.91%	3.72%	1.25%	8.06%	5.62%	-11.73%	25.89%	0.00%	0.00%
NOPAT Q/Q Growth	17.46%	8.66%	-9.06%	10.04%	8.09%	-17.42%	32.47%	0.00%	0.00%
Net Income Q/Q Growth	12.58%	8.01%	-9.85%	18.19%	16.77%	-19.65%	35.75%	0.00%	0.00%
EPS Q/Q Growth	13.54%	16.67%	-14.78%	15.16%	23.56%	-23.08%	287.50%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	7.56%	-1.65%	-12.11%	20.53%	3.20%	3.11%	-2.72%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	10.98%	-114.61%	-11.67%	136.38%	-23.98%	-8.44%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	151.53%	242.46%	-460.30%	-1,037.79%	-218.74%	-282.91%	-616.54%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	63.17%	62.48%	64.89%	60.10%	63.46%	60.74%	66.04%	59.90%	49.08%
EBITDA Margin	46.24%	46.99%	66.45%	48.52%	45.76%	50.70%	53.22%	43.44%	39.01%
Operating Margin	44.38%	45.40%	46.09%	45.58%	42.48%	41.33%	50.38%	42.33%	34.20%
EBIT Margin	44.77%	45.58%	64.96%	47.31%	44.56%	49.52%	52.45%	42.37%	37.42%
Profit (Net Income) Margin	41.02%	35.40%	67.20%	49.41%	46.26%	39.26%	43.56%	41.40%	30.89%
Tax Burden Percent	80.67%	77.15%	78.82%	87.36%	90.08%	76.41%	76.13%	99.58%	98.47%
Interest Burden Percent	113.60%	100.66%	131.24%	119.53%	115.25%	103.74%	109.10%	98.10%	83.84%
Effective Tax Rate	19.33%	22.85%	21.18%	12.64%	9.92%	23.59%	23.87%	0.42%	1.53%
Return on Invested Capital (ROIC)	194.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	189.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-158.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	36.35%	28.54%	37.25%	40.79%	62.28%	64.75%	95.46%	85.93%	0.00%
Cash Return on Invested Capital (CROIC)	158.55%	-31.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	20.56%	19.79%	19.66%	20.08%	29.28%	38.17%	47.90%	31.67%	0.00%
Return on Assets (ROA)	18.84%	15.37%	20.34%	20.97%	30.40%	30.26%	39.78%	30.94%	0.00%
Return on Common Equity (ROCE)	27.35%	16.59%	16.41%	19.37%	40.54%	39.94%	59.35%	59.56%	0.00%
Return on Equity Simple (ROE_SIMPLE)	43.26%	45.06%	71.28%	70.88%	81.90%	89.81%	135.54%	123.98%	0.00%
Net Operating Profit after Tax (NOPAT)	198	185	134	136	105	80	94	76	61
NOPAT Margin	35.80%	35.03%	36.33%	39.82%	38.27%	31.58%	38.36%	42.15%	33.68%
Net Nonoperating Expense Percent (NNEP)	5.52%	0.29%	14.15%	6.63%	9.70%	9.96%	7.53%	-1.78%	0.00%
Cost of Revenue to Revenue	36.83%	37.52%	35.11%	39.90%	36.54%	39.26%	33.96%	40.10%	50.92%
SG&A Expenses to Revenue	18.78%	17.08%	18.81%	14.51%	20.97%	19.41%	15.66%	17.57%	14.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.78%	17.08%	18.81%	14.51%	20.97%	19.41%	15.66%	17.57%	14.88%
Earnings before Interest and Taxes (EBIT)	248	241	239	162	122	125	128	76	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	256	248	244	166	125	128	130	78	71
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.56	9.40	11.37	18.58	17.25	18.08	20.04	0.00	0.00
Price to Tangible Book Value (P/TBV)	11.56	9.40	11.37	18.58	17.25	18.08	20.04	0.00	0.00
Price to Revenue (P/Rev)	10.96	7.39	10.72	12.95	9.74	7.90	6.44	0.00	0.00
Price to Earnings (P/E)	43.08	35.80	27.00	45.15	43.89	59.36	90.64	0.00	0.00
Dividend Yield	1.58%	2.20%	1.89%	1.49%	2.14%	2.14%	2.10%	0.00%	0.00%
Earnings Yield	2.32%	2.79%	3.70%	2.22%	2.28%	1.68%	1.10%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	47.34	43.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	10.28	6.87	9.45	11.82	9.14	7.33	5.92	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	22.22	14.62	14.22	24.35	19.97	14.46	11.12	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	22.96	15.07	14.55	24.98	20.51	14.80	11.29	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	28.71	19.61	26.01	29.68	23.88	23.21	15.43	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	47.10	16.03	20.51	21.46	21.52	16.56	14.94	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	35.29	0.00	30.93	14.66	30.83	28.44	18.87	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.29	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.84	-1.03	-1.21	-1.19	-1.11	-1.27	-1.51	-1.76	0.00
Leverage Ratio	1.93	1.86	1.83	1.95	2.05	2.14	2.40	2.78	0.00
Compound Leverage Factor	2.19	1.87	2.40	2.33	2.36	2.22	2.62	2.73	0.00
Debt to Total Capital	22.49%	27.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.49%	27.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	17.29%	20.15%	52.96%	59.65%	34.80%	35.06%	42.37%	30.69%	0.00%
Common Equity to Total Capital	60.22%	52.74%	47.04%	40.35%	65.20%	64.95%	57.63%	69.31%	0.00%
Debt to EBITDA	0.77	0.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-2.06	-1.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.77	0.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.99	1.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-2.66	-2.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.99	1.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.67	5.73	5.67	6.52	8.99	8.35	8.47	0.00	0.00
Noncontrolling Interest Sharing Ratio	24.76%	41.88%	55.94%	52.52%	34.90%	38.31%	37.82%	30.69%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	30.82	29.29	127.01	343.37	129.51	20.65	29.35	25.53	0.00
Quick Ratio	27.26	26.09	25.53	212.13	125.96	18.85	28.00	23.64	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	161	-27	112	275	81	65	77	142	0.00
Operating Cash Flow to CapEx	1,091.41%	4,773.31%	1,988.31%	1,009.59%	5,883.37%	2,080.17%	4,289.80%	6,406.20%	11,853.96%
Free Cash Flow to Firm to Interest Expense	14.43	-3.08	24.24	110.01	28.85	21.39	12.79	9.72	0.00
Operating Cash Flow to Interest Expense	10.81	26.30	36.55	75.17	41.33	36.73	16.14	5.61	8.64
Operating Cash Flow Less CapEx to Interest Expense	9.82	25.74	34.71	67.73	40.62	34.96	15.77	5.52	8.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.43	0.30	0.42	0.66	0.77	0.91	0.75	0.00
Accounts Receivable Turnover	72.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	18.03	18.47	14.11	22.25	35.34	39.13	55.18	44.26	0.00
Accounts Payable Turnover	45.01	53.73	51.67	65.84	43.66	45.84	54.06	52.79	0.00
Days Sales Outstanding (DSO)	5.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.11	6.79	7.06	5.54	8.36	7.96	6.75	6.91	0.00
Cash Conversion Cycle (CCC)	-3.06	-6.79	-7.06	-5.54	-8.36	-7.96	-6.75	-6.91	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	120	83	-129	-150	-10	-34	-49	-66	0.00
Invested Capital Turnover	5.44	-23.32	-2.64	-4.26	-12.29	-6.08	-4.26	-5.47	0.00
Increase / (Decrease) in Invested Capital	37	212	21	-139	24	15	17	-66	0.00
Enterprise Value (EV)	5,692	3,631	3,477	4,037	2,504	1,848	1,445	0.00	0.00
Market Capitalization	6,068	3,907	3,942	4,425	2,670	1,993	1,572	0.00	0.00
Book Value per Share	$9.72	$7.72	$6.52	$4.51	$2.98	$2.20	$1.66	$0.00	$0.00
Tangible Book Value per Share	$9.72	$7.72	$6.52	$4.51	$2.98	$2.20	$1.66	$0.00	$0.00
Total Capital	872	788	737	590	237	170	136	87	0.00
Total Debt	196	214	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	196	214	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-527	-434	-856	-740	-248	-204	-185	-152	0.00
Capital Expenditures (CapEx)	11	4.75	8.53	19	1.98	5.37	2.25	1.28	0.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	12	4.03	3.97	5.02	2.10	0.60	1.23	0.00
Debt-free Net Working Capital (DFNWC)	134	129	356	744	253	51	48	34	0.00
Net Working Capital (NWC)	134	129	356	744	253	51	48	34	0.00
Net Nonoperating Expense (NNE)	-29	-1.98	-114	-33	-22	-19	-13	1.36	5.03
Net Nonoperating Obligations (NNO)	-556	-491	-866	-740	-248	-204	-185	-152	0.00
Total Depreciation and Amortization (D&A)	8.19	7.44	5.50	4.13	3.29	2.98	1.89	1.92	2.88
Debt-free, Cash-free Net Working Capital to Revenue	2.66%	2.35%	1.10%	1.16%	1.83%	0.83%	0.25%	0.68%	0.00%
Debt-free Net Working Capital to Revenue	24.26%	24.40%	96.83%	217.77%	92.28%	20.40%	19.75%	18.64%	0.00%
Net Working Capital to Revenue	24.26%	24.40%	96.83%	217.77%	92.28%	20.40%	19.75%	18.64%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.72	$3.05	$4.02	$2.82	$2.17	$1.41	$0.94	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	0.00	0.00
Adjusted Diluted Earnings per Share	$3.69	$3.01	$3.98	$2.81	$2.15	$1.40	$0.93	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.19M	54.00M	53.24M	53.03M	51.89M	50.88M	48.83M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	198	185	134	136	105	80	94	76	61
Normalized NOPAT Margin	35.80%	35.03%	36.33%	39.82%	38.27%	31.58%	38.36%	42.15%	33.68%
Pre Tax Income Margin	50.86%	45.88%	85.26%	56.55%	51.36%	51.38%	57.22%	41.57%	31.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.19	27.97	51.53	64.58	43.37	41.09	21.37	5.23	5.35
NOPAT to Interest Expense	17.74	21.49	28.82	54.35	37.24	26.21	15.63	5.20	4.82
EBIT Less CapEx to Interest Expense	21.20	27.42	49.69	57.13	42.66	39.33	20.99	5.14	5.28
NOPAT Less CapEx to Interest Expense	16.75	20.94	26.98	46.91	36.54	24.44	15.25	5.12	4.74
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.16%	73.25%	39.61%	45.44%	61.07%	72.24%	48.74%	112.37%	131.19%
Augmented Payout Ratio	48.16%	73.25%	39.61%	45.44%	61.08%	72.25%	48.75%	120.19%	131.19%

This table displays calculated financial ratios and metrics derived from Hamilton Lane's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.33%	18.22%	57.34%	56.63%	-1.42%	-17.28%	-7.73%	11.78%	38.57%	59.24%	71.54%
EBITDA Growth	53.48%	26.41%	79.17%	46.38%	53.03%	-29.67%	-16.43%	16.83%	-57.02%	15.00%	79.16%
EBIT Growth	54.92%	26.39%	81.03%	46.87%	56.25%	-30.39%	-17.02%	17.24%	-58.85%	14.19%	81.05%
NOPAT Growth	84.51%	22.44%	75.53%	77.95%	-7.05%	-1.84%	-19.77%	42.49%	5.70%	37.99%	84.05%
Net Income Growth	124.30%	17.70%	69.61%	49.37%	57.80%	11.71%	-8.52%	36.96%	-72.71%	-31.93%	25.61%
EPS Growth	158.82%	23.42%	81.48%	53.66%	64.52%	14.43%	-10.99%	110.26%	-77.86%	-31.21%	16.67%
Operating Cash Flow Growth	276.77%	51.30%	37.55%	64.26%	-163.34%	-18.24%	-4.89%	-22.30%	-16.14%	84.15%	88.19%
Free Cash Flow Firm Growth	-78.16%	227.93%	117.21%	116.77%	-76.15%	-77.32%	-21.54%	-3,666.11%	204.71%	4.81%	-38.49%
Invested Capital Growth	130.74%	41.08%	39.57%	44.49%	96.72%	168.92%	39.26%	164.73%	-31.90%	15.07%	92.31%
Revenue Q/Q Growth	12.17%	-23.75%	11.36%	41.03%	-1.27%	1.47%	10.86%	-11.24%	-17.15%	13.19%	34.30%
EBITDA Q/Q Growth	10.36%	-28.47%	17.03%	65.38%	-9.10%	1.39%	-4.38%	73.66%	-58.22%	20.47%	33.67%
EBIT Q/Q Growth	10.68%	-29.17%	17.62%	67.23%	-9.71%	1.45%	-4.57%	78.74%	-59.77%	20.94%	34.82%
NOPAT Q/Q Growth	-1.68%	-9.47%	10.26%	88.00%	-34.75%	29.79%	11.78%	-1.81%	-31.09%	6.08%	98.53%
Net Income Q/Q Growth	2.02%	-12.82%	13.35%	122.48%	-46.46%	25.63%	-0.18%	135.04%	-62.10%	2.87%	49.45%
EPS Q/Q Growth	-3.65%	-6.80%	16.67%	147.06%	-54.05%	37.04%	-1.22%	164.52%	-68.04%	6.59%	133.33%
Operating Cash Flow Q/Q Growth	-45.15%	47.23%	267.28%	159.60%	-146.95%	33.85%	338.59%	-77.02%	-39.39%	55.70%	258.31%
Free Cash Flow Firm Q/Q Growth	-93.33%	-6.94%	41.36%	148.88%	0.16%	-38.36%	110.92%	-453.84%	-4.75%	113.25%	396.16%
Invested Capital Q/Q Growth	16.08%	-15.06%	-6.97%	151.53%	-29.02%	-15.97%	-3.69%	242.46%	-2.97%	-56.48%	144.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.21%	63.29%	60.13%	63.62%	60.32%	63.80%	64.73%	64.38%	64.06%	60.64%	61.48%
EBITDA Margin	48.73%	49.53%	52.79%	50.24%	42.65%	46.32%	46.36%	53.75%	27.47%	54.48%	51.19%
Operating Margin	45.00%	44.80%	45.55%	47.48%	41.03%	43.82%	43.94%	43.73%	45.94%	45.52%	46.14%
EBIT Margin	47.31%	47.95%	51.62%	48.87%	41.02%	44.86%	44.86%	52.12%	25.88%	53.30%	49.89%
Profit (Net Income) Margin	46.03%	50.62%	44.27%	43.49%	27.57%	50.84%	41.06%	45.60%	17.22%	37.64%	41.42%
Tax Burden Percent	85.92%	98.48%	81.56%	79.02%	68.61%	97.20%	75.79%	75.53%	64.99%	78.85%	83.01%
Interest Burden Percent	113.24%	107.18%	105.14%	112.61%	97.95%	116.60%	120.76%	115.84%	102.38%	89.57%	100.02%
Effective Tax Rate	14.08%	1.52%	18.44%	20.98%	31.39%	2.80%	24.21%	24.47%	35.01%	21.15%	16.99%
Return on Invested Capital (ROIC)	338.34%	352.52%	242.10%	204.30%	382.61%	453.48%	250.72%	0.00%	514.56%	738.57%	371.71%
ROIC Less NNEP Spread (ROIC-NNEP)	336.47%	351.14%	239.74%	202.29%	382.75%	452.08%	249.19%	0.00%	517.22%	738.20%	371.06%
Return on Net Nonoperating Assets (RNNOA)	-300.68%	-315.14%	-206.35%	-169.37%	-358.84%	-425.69%	-224.84%	0.00%	-492.77%	-714.87%	-347.58%
Return on Equity (ROE)	37.66%	37.37%	35.75%	34.93%	23.78%	27.79%	25.88%	28.54%	21.79%	23.70%	24.13%
Cash Return on Invested Capital (CROIC)	263.08%	263.80%	206.55%	158.55%	403.15%	287.32%	220.92%	-31.92%	606.31%	713.08%	294.58%
Operating Return on Assets (OROA)	23.38%	22.35%	25.11%	22.45%	17.23%	16.06%	18.22%	22.63%	11.13%	19.58%	17.00%
Return on Assets (ROA)	22.74%	23.59%	21.53%	19.97%	11.58%	18.21%	16.68%	19.80%	7.41%	13.83%	14.11%
Return on Common Equity (ROCE)	28.31%	25.23%	25.96%	26.28%	17.77%	14.99%	14.76%	16.59%	12.68%	11.09%	10.86%
Return on Equity Simple (ROE_SIMPLE)	48.87%	45.23%	46.43%	0.00%	43.13%	40.90%	41.95%	0.00%	43.91%	59.27%	70.20%
Net Operating Profit after Tax (NOPAT)	65	66	73	66	35	54	42	37	38	55	52
NOPAT Margin	38.67%	44.11%	37.15%	37.52%	28.15%	42.59%	33.30%	33.03%	29.85%	35.90%	38.30%
Net Nonoperating Expense Percent (NNEP)	1.87%	1.37%	2.36%	2.01%	-0.13%	1.40%	1.53%	2.09%	-2.66%	0.37%	0.65%
Return On Investment Capital (ROIC_SIMPLE)	5.64%	-	-	-	4.30%	-	-	-	-	-	-
Cost of Revenue to Revenue	36.79%	36.71%	39.87%	36.38%	39.68%	36.20%	35.27%	35.62%	35.94%	39.36%	38.52%
SG&A Expenses to Revenue	18.21%	18.49%	14.58%	16.14%	19.29%	19.98%	20.79%	20.65%	18.12%	15.12%	15.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.21%	18.49%	14.58%	16.14%	19.29%	19.98%	20.79%	20.65%	18.12%	15.12%	15.34%
Earnings before Interest and Taxes (EBIT)	80	72	102	86	51	57	56	59	33	82	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	82	74	104	89	53	59	58	61	35	84	69
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.27	14.94	11.74	11.56	12.86	10.36	9.73	9.40	8.53	7.91	9.40
Price to Tangible Book Value (P/TBV)	12.27	14.94	11.74	11.56	12.86	10.36	9.73	9.40	8.53	7.91	9.40
Price to Revenue (P/Rev)	11.52	13.97	10.63	10.96	12.28	9.74	8.16	7.39	6.51	6.42	8.16
Price to Earnings (P/E)	37.01	49.84	39.39	43.08	48.69	42.13	39.67	35.80	36.64	23.06	22.89
Dividend Yield	1.29%	1.11%	1.48%	1.58%	1.55%	1.90%	2.09%	2.20%	2.48%	2.58%	2.23%
Earnings Yield	2.70%	2.01%	2.54%	2.32%	2.05%	2.37%	2.52%	2.79%	2.73%	4.34%	4.37%
Enterprise Value to Invested Capital (EV/IC)	67.83	90.44	55.66	47.34	117.44	67.05	49.47	43.64	131.01	115.08	55.37
Enterprise Value to Revenue (EV/Rev)	10.82	13.25	9.95	10.28	11.46	9.18	7.65	6.87	6.16	5.99	7.51
Enterprise Value to EBITDA (EV/EBITDA)	21.61	27.06	20.61	22.22	24.32	21.27	16.72	14.62	13.28	10.07	11.58
Enterprise Value to EBIT (EV/EBIT)	22.22	27.86	21.22	22.96	25.15	22.06	17.27	15.07	13.70	10.31	11.83
Enterprise Value to NOPAT (EV/NOPAT)	27.66	35.54	27.07	28.71	33.25	25.80	22.69	19.61	18.68	16.94	20.36
Enterprise Value to Operating Cash Flow (EV/OCF)	26.41	47.10	43.65	47.10	49.96	21.89	17.73	16.03	13.82	11.94	16.08
Enterprise Value to Free Cash Flow (EV/FCFF)	35.98	40.13	31.40	35.29	38.63	34.02	26.07	0.00	17.51	17.27	24.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.24	0.27	0.29	0.32	0.25	0.31	0.37	0.38	0.24	0.29
Long-Term Debt to Equity	0.34	0.24	0.27	0.29	0.32	0.25	0.31	0.37	0.38	0.24	0.29
Financial Leverage	-0.89	-0.90	-0.86	-0.84	-0.94	-0.94	-0.90	-1.03	-0.95	-0.97	-0.94
Leverage Ratio	1.88	1.76	1.87	1.93	2.02	1.74	1.81	1.86	1.89	1.77	1.80
Compound Leverage Factor	2.13	1.88	1.96	2.17	1.98	2.02	2.19	2.15	1.94	1.59	1.80
Debt to Total Capital	25.30%	19.56%	20.97%	22.49%	23.97%	20.16%	23.57%	27.11%	27.31%	19.51%	22.36%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.30%	19.56%	20.97%	22.49%	23.97%	20.16%	23.57%	27.11%	27.31%	19.51%	22.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	18.44%	19.60%	18.28%	17.29%	19.02%	32.59%	24.65%	20.15%	18.56%	41.22%	40.34%
Common Equity to Total Capital	56.26%	60.85%	60.74%	60.22%	57.01%	47.25%	51.78%	52.74%	54.13%	39.27%	37.30%
Debt to EBITDA	0.84	0.61	0.65	0.77	0.85	0.93	0.83	0.86	0.83	0.68	0.80
Net Debt to EBITDA	-2.02	-2.09	-1.97	-2.06	-2.43	-2.81	-2.00	-1.75	-1.33	-2.17	-2.46
Long-Term Debt to EBITDA	0.84	0.61	0.65	0.77	0.85	0.93	0.83	0.86	0.83	0.68	0.80
Debt to NOPAT	1.08	0.81	0.85	0.99	1.17	1.13	1.13	1.15	1.17	1.14	1.41
Net Debt to NOPAT	-2.59	-2.75	-2.59	-2.66	-3.32	-3.40	-2.71	-2.34	-1.87	-3.64	-4.32
Long-Term Debt to NOPAT	1.08	0.81	0.85	0.99	1.17	1.13	1.13	1.15	1.17	1.14	1.41
Altman Z-Score	7.80	9.96	7.51	7.25	7.24	5.99	5.57	5.21	4.25	4.18	4.57
Noncontrolling Interest Sharing Ratio	24.82%	32.48%	27.38%	24.76%	25.25%	46.08%	42.98%	41.88%	41.80%	53.22%	55.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	68.21	41.38	41.16	30.82	56.99	70.34	25.32	29.29	4.98	146.85	103.60
Quick Ratio	65.29	37.86	38.54	27.26	52.65	67.09	23.88	26.09	0.00	0.00	23.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.57	39	41	29	12	12	19	-175	49	52	24
Operating Cash Flow to CapEx	1,143.16%	7,458.83%	5,295.02%	1,348.57%	-1,143.05%	2,684.05%	1,712.64%	889.50%	7,460.05%	12,120.31%	3,570.71%
Free Cash Flow to Firm to Interest Expense	0.66	14.24	14.04	3.47	4.28	4.28	6.58	-42.73	20.39	24.49	0.00
Operating Cash Flow to Interest Expense	16.66	43.42	27.06	2.58	-13.26	28.29	20.02	3.24	23.78	44.89	0.00
Operating Cash Flow Less CapEx to Interest Expense	15.20	42.84	26.55	2.39	-14.42	27.23	18.85	2.87	23.46	44.52	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.47	0.49	0.46	0.42	0.36	0.41	0.43	0.43	0.37	0.34
Accounts Receivable Turnover	44.18	53.41	56.45	72.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.95	20.25	19.86	18.03	15.87	16.19	17.34	18.47	17.95	16.71	15.02
Accounts Payable Turnover	60.65	49.63	46.47	45.01	67.16	64.15	41.63	53.73	91.32	118.53	45.99
Days Sales Outstanding (DSO)	8.26	6.83	6.47	5.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.02	7.35	7.85	8.11	5.43	5.69	8.77	6.79	4.00	3.08	7.94
Cash Conversion Cycle (CCC)	2.24	-0.52	-1.39	-3.06	-5.43	-5.69	-8.77	-6.79	-4.00	-3.08	-7.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	110	95	112	120	48	67	80	83	24	25	58
Invested Capital Turnover	8.75	7.99	6.52	5.44	13.59	10.65	7.53	-23.32	17.24	20.58	9.70
Increase / (Decrease) in Invested Capital	62	28	32	37	24	42	23	212	-11	3.28	28
Enterprise Value (EV)	7,481	8,593	6,225	5,692	5,613	4,515	3,964	3,631	3,183	2,882	3,186
Market Capitalization	7,968	9,062	6,651	6,068	6,018	4,792	4,231	3,907	3,366	3,091	3,463
Book Value per Share	$11.71	$11.19	$10.45	$9.72	$8.66	$8.57	$8.05	$7.72	$7.33	$7.34	$6.92
Tangible Book Value per Share	$11.71	$11.19	$10.45	$9.72	$8.66	$8.57	$8.05	$7.72	$7.33	$7.34	$6.92
Total Capital	1,154	997	932	872	821	979	840	788	729	995	988
Total Debt	292	195	196	196	197	197	198	214	199	194	221
Total Long-Term Debt	292	195	196	196	197	197	198	214	199	194	221
Net Debt	-700	-665	-596	-527	-560	-596	-473	-434	-318	-619	-676
Capital Expenditures (CapEx)	5.63	1.57	1.51	1.61	3.19	2.89	3.39	1.49	0.77	0.78	1.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	27	17	15	16	11	10	12	5.03	3.58	3.01
Debt-free Net Working Capital (DFNWC)	353	260	188	134	186	246	136	129	8.15	283	366
Net Working Capital (NWC)	353	260	188	134	186	246	136	129	8.15	283	366
Net Nonoperating Expense (NNE)	-12	-9.75	-14	-11	0.73	-10	-9.71	-14	16	-2.68	-4.22
Net Nonoperating Obligations (NNO)	-752	-707	-625	-556	-576	-714	-562	-491	-506	-776	-709
Total Depreciation and Amortization (D&A)	2.39	2.37	2.31	2.41	2.04	1.86	1.87	1.84	2.02	1.81	1.76
Debt-free, Cash-free Net Working Capital to Revenue	3.69%	4.13%	2.72%	2.66%	3.28%	2.20%	2.01%	2.35%	0.97%	0.74%	0.71%
Debt-free Net Working Capital to Revenue	51.02%	40.02%	30.07%	24.26%	37.86%	49.94%	26.16%	24.40%	1.58%	58.83%	86.30%
Net Working Capital to Revenue	51.02%	40.02%	30.07%	24.26%	37.86%	49.94%	26.16%	24.40%	1.58%	58.83%	86.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$1.38	$1.49	$1.27	$0.52	$1.11	$0.82	$0.83	$0.32	$0.98	$0.92
Adjusted Weighted Average Basic Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Adjusted Diluted Earnings per Share	$1.32	$1.37	$1.47	$1.26	$0.51	$1.11	$0.81	$0.82	$0.31	$0.97	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.44M	55.43M	54.20M	54.19M	54.01M	54.01M	54.00M	54.00M	53.82M	53.81M	53.25M
Normalized Net Operating Profit after Tax (NOPAT)	65	66	73	66	35	54	42	37	38	55	52
Normalized NOPAT Margin	38.67%	44.11%	37.15%	37.52%	28.15%	42.59%	33.30%	33.03%	29.85%	35.90%	38.30%
Pre Tax Income Margin	53.58%	51.40%	54.27%	55.03%	40.18%	52.30%	54.18%	60.38%	26.50%	47.74%	49.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.59	26.60	34.46	10.25	18.70	20.75	19.37	14.39	13.60	38.67	0.00
NOPAT to Interest Expense	16.83	24.47	24.80	7.87	12.83	19.70	14.38	9.12	15.68	26.04	0.00
EBIT Less CapEx to Interest Expense	19.13	26.02	33.95	10.05	17.54	19.69	18.20	14.03	13.28	38.30	0.00
NOPAT Less CapEx to Interest Expense	15.37	23.89	24.29	7.68	11.67	18.65	13.21	8.76	15.36	25.67	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.44%	42.68%	41.96%	48.16%	63.41%	67.37%	69.59%	73.25%	65.12%	50.91%	44.26%
Augmented Payout Ratio	38.44%	42.68%	41.96%	48.16%	63.41%	67.37%	69.59%	73.25%	225.65%	50.91%	44.26%

Frequently Asked Questions About Hamilton Lane's Financials

When does Hamilton Lane's fiscal year end?

According to the most recent income statement we have on file, Hamilton Lane's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has Hamilton Lane's net income changed over the last 8 years?

Hamilton Lane's net income appears to be on an upward trend, with a most recent value of $227.21 million in 2024, rising from $55.85 million in 2016. The previous period was $187.19 million in 2023. View Hamilton Lane's forecast to see where analysts expect Hamilton Lane to go next.

What is Hamilton Lane's operating income?

Hamilton Lane's total operating income in 2024 was $245.82 million, based on the following breakdown:

Total Gross Profit: $349.84 million
Total Operating Expenses: $104.02 million

How has Hamilton Lane revenue changed over the last 8 years?

Over the last 8 years, Hamilton Lane's total revenue changed from $180.80 million in 2016 to $553.84 million in 2024, a change of 206.3%.

How much debt does Hamilton Lane have?

Hamilton Lane's total liabilities were at $595.24 million at the end of 2024, a 5.1% increase from 2023, and a 286.5% increase since 2017.

How much cash does Hamilton Lane have?

In the past 7 years, Hamilton Lane's cash and equivalents has ranged from $32.29 million in 2017 to $114.63 million in 2024, and is currently $114.63 million as of their latest financial filing in 2024.

How has Hamilton Lane's book value per share changed over the last 8 years?

Over the last 8 years, Hamilton Lane's book value per share changed from 0.00 in 2016 to 9.72 in 2024, a change of 972.4%.

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This page (NASDAQ:HLNE) was last updated on 5/30/2025 by MarketBeat.com Staff

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Hamilton Lane (HLNE) Financials

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Hamilton Lane (HLNE) Financials

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