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Hamilton Lane (HLNE) Financials

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$108.82 +2.78 (+2.62%)
As of 04:00 PM Eastern
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Annual Income Statements for Hamilton Lane

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.61 17 34 61 98 146 109 141 217 249
Consolidated Net Income / (Loss)		 56 74 106 99 127 169 247 187 227 314 388
Net Income / (Loss) Continuing Operations		 56 74 106 99 127 169 247 187 227 314 388
Total Pre-Tax Income 		57 75 140 130 141 193 314 243 282 362 463
Total Operating Income		 62 76 123 104 116 156 170 240 246 317 325
Total Gross Profit		 89 108 161 153 174 205 239 330 350 438 459
Total Revenue		 181 180 244 252 274 342 368 529 554 713 759
Operating Revenue		 181 180 244 252 274 342 368 529 554 713 759
Total Cost of Revenue		 92 72 83 99 100 136 129 198 204 274 300
Operating Cost of Revenue		 92 72 83 99 100 136 129 198 204 274 300
Total Operating Expenses		 27 32 38 49 57 50 69 90 104 122 134
Selling, General & Admin Expense		 27 32 38 49 57 50 69 90 104 122 134
Total Other Income / (Expense), net		 -5.11 -1.36 17 25 24 37 144 2.57 36 46 138
Interest Expense		 13 15 5.99 3.04 2.82 2.50 4.64 8.62 11 13 15
Interest & Investment Income		 1.71 13 18 7.71 21 34 79 10 48 49 149
Other Income / (Expense), net		 5.82 0.08 5.04 21 5.69 5.91 69 0.99 -0.92 10 3.98
Income Tax Expense		 0.87 0.32 33 31 14 24 66 55 54 49 75
Net Income / (Loss) Attributable to Noncontrolling Interest		 56 74 89 65 66 71 101 78 86 96 139
Basic Earnings per Share		 $0.00 $0.03 $0.94 $1.41 $2.17 $2.82 $4.02 $3.05 $3.72 $5.45 $5.99
Weighted Average Basic Shares Outstanding		 - - 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
Diluted Earnings per Share		 $0.00 $0.03 $0.93 $1.40 $2.15 $2.81 $3.98 $3.01 $3.69 $5.41 $5.92
Weighted Average Diluted Shares Outstanding		 - - 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
Weighted Average Basic & Diluted Shares Outstanding		 - - 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.70 $0.85 $1.10 $1.25 $1.40 $1.60 $1.78 $1.96 $2.16

Quarterly Income Statements for Hamilton Lane

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 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 20 48 59 55 53 50 54 71 58 66 80
Consolidated Net Income / (Loss)		 35 77 87 76 77 73 77 104 93 114 125
Net Income / (Loss) Continuing Operations		 35 75 87 76 77 73 77 104 93 114 125
Total Pre-Tax Income 		50 97 107 77 90 88 95 118 120 130 150
Total Operating Income		 51 84 90 67 76 84 77 80 86 82 126
Total Gross Profit		 76 112 118 95 106 119 106 114 121 118 168
Total Revenue		 125 177 197 150 168 198 176 191 199 194 275
Operating Revenue		 125 177 197 150 168 198 176 191 199 194 275
Total Cost of Revenue		 50 64 78 55 62 79 70 77 78 75 108
Operating Cost of Revenue		 50 64 78 55 62 79 70 77 78 75 108
Total Operating Expenses		 24 29 29 28 31 35 29 34 35 36 41
Selling, General & Admin Expense		 24 29 29 28 31 35 29 34 35 36 41
Total Other Income / (Expense), net		 -1.06 15 17 9.90 14 4.23 18 38 34 48 23
Interest Expense		 2.75 8.43 2.95 2.70 3.87 3.82 3.86 3.83 3.69 3.58 3.50
Interest & Investment Income		 1.45 17 8.17 10 17 6.66 21 41 35 61 28
Other Income / (Expense), net		 -0.01 2.45 12 2.39 0.80 1.40 1.32 0.59 3.05 -9.51 -0.96
Income Tax Expense		 16 20 20 1.17 13 15 18 14 27 16 25
Net Income / (Loss) Attributable to Noncontrolling Interest		 15 28 28 21 24 23 23 33 34 48 44
Basic Earnings per Share		 $0.52 $1.27 $1.49 $1.38 $1.33 $1.25 $1.30 $1.71 $1.40 $1.58 $1.94
Weighted Average Basic Shares Outstanding		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
Diluted Earnings per Share		 $0.51 $1.26 $1.47 $1.37 $1.32 $1.25 $1.28 $1.69 $1.37 $1.58 $1.93
Weighted Average Diluted Shares Outstanding		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
Weighted Average Basic & Diluted Shares Outstanding		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
Cash Dividends to Common per Share		 $0.45 $0.43 $0.49 $0.49 $0.49 $0.49 $0.54 $0.54 $0.54 $0.54 $0.60

Annual Cash Flow Statements for Hamilton Lane

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.57 -36 15 2.21 1.62 37 -14 40 3.07 164 88
Net Cash From Operating Activities		 109 82 97 112 116 188 170 227 121 301 425
Net Cash From Continuing Operating Activities		 109 82 97 112 116 188 170 227 223 313 425
Net Income / (Loss) Continuing Operations		 56 74 106 99 127 169 247 187 227 314 388
Consolidated Net Income / (Loss)		 56 74 106 99 127 169 247 187 227 314 388
Depreciation Expense		 2.03 1.92 1.89 2.98 3.29 4.13 5.50 7.44 8.19 9.29 9.88
Non-Cash Adjustments To Reconcile Net Income		 7.36 5.80 -3.21 -13 -12 -21 -107 39 -49 -36 -17
Changes in Operating Assets and Liabilities, net		 43 -0.47 -8.29 23 -1.20 37 24 -6.58 36 26 44
Net Cash From Investing Activities		 2.50 -17 -22 -19 -50 -422 -70 178 -122 -118 -495
Net Cash From Continuing Investing Activities		 2.50 -17 -22 -19 -50 -149 -70 178 -224 -142 -517
Purchase of Property, Plant & Equipment		 -0.92 -1.28 -2.25 -5.37 -1.98 -19 -8.53 -4.75 -11 -12 -5.84
Acquisitions		 -18 -24 -36 -46 -58 -71 -10 -1.50 -102 -12 0.00
Purchase of Investments		 - - 0.00 0.00 -3.97 -91 -19 -40 -72 -91 -450
Divestitures		 - - - - - - 0.00 279 3.31 2.08 0.00
Sale and/or Maturity of Investments		 22 8.78 16 33 14 31 40 29 15 30 35
Other Investing Activities, net		 - 0.00 0.00 -0.94 -0.16 - -73 -85 -58 -58 -97
Net Cash From Financing Activities		 -110 -101 -60 -90 -65 271 -113 -364 4.40 -19 156
Net Cash From Continuing Financing Activities		 -110 -101 -60 -90 -65 0.69 -113 -364 4.40 -19 156
Repayment of Debt		 -122 -163 -87 -14 -88 -8.30 -40 -40 -39 -16 -25
Repurchase of Common Equity		 0.00 -5.82 -0.00 -0.00 -0.00 -0.01 -0.00 0.00 -0.00 -0.00 -20
Payment of Dividends		 -73 -84 -52 -72 -77 -77 -98 -137 -109 -120 -142
Issuance of Debt		 254 0.00 85 0.00 90 90 25 72 10 98 0.00
Issuance of Common Equity		 0.63 205 126 194 148 475 77 65 348 273 403
Other Financing Activities, net		 -170 -53 -132 -199 -137 -479 -77 -324 -205 -254 -60
Effect of Exchange Rate Changes		 - 0.00 0.00 0.01 -0.14 0.13 - 0.00 0.00 -0.10 2.43

Quarterly Cash Flow Statements for Hamilton Lane

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 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -64 -50 51 61 101 -50 39 12 14 24 -22
Net Cash From Operating Activities		 -36 22 80 117 64 39 129 119 74 103 77
Net Cash From Continuing Operating Activities		 -35 22 81 115 73 56 129 119 74 103 77
Net Income / (Loss) Continuing Operations		 35 77 87 76 77 73 77 104 93 114 125
Consolidated Net Income / (Loss)		 35 77 87 76 77 73 77 104 93 114 125
Depreciation Expense		 2.04 2.41 2.31 2.37 2.39 2.22 2.53 2.52 2.43 2.40 2.53
Non-Cash Adjustments To Reconcile Net Income		 -91 -44 -40 47 -21 -12 30 3.72 -46 -4.29 -79
Changes in Operating Assets and Liabilities, net		 20 -14 31 -11 14 -8.29 20 9.06 25 -9.67 28
Net Cash From Investing Activities		 -8.99 -28 2.13 -27 -43 -50 -94 -134 -117 -150 -147
Net Cash From Continuing Investing Activities		 -8.99 -28 2.13 -39 -31 -74 -94 -134 -139 -150 -147
Purchase of Property, Plant & Equipment		 -3.19 -1.61 -1.51 -1.57 -5.63 -3.44 -1.34 -1.09 -1.67 -1.75 -1.80
Purchase of Investments		 - -8.00 -5.00 0.00 -0.79 -6.90 -82 -198 -110 -142 -148
Sale and/or Maturity of Investments		 4.73 3.42 9.23 4.64 9.56 6.22 2.36 2.28 8.55 22 32
Other Investing Activities, net		 -11 -23 1.69 -26 -17 -17 -13 -19 -36 -29 -30
Net Cash From Financing Activities		 -20 -43 -30 -28 73 -33 3.26 26 57 69 48
Net Cash From Continuing Financing Activities		 -20 -43 -30 -28 73 -33 3.26 26 57 69 48
Repayment of Debt		 -0.63 -12 -0.63 -0.63 -0.63 -14 -1.88 -15 -6.25 -1.25 -4.38
Repurchase of Common Equity		 - -0.00 - - - - 0.00 - - - -50
Payment of Dividends		 -20 -29 -34 -34 -25 -27 -36 -40 -33 -33 -39
Issuance of Common Equity		 0.88 202 5.15 6.27 0.93 260 41 138 97 127 141
Other Financing Activities, net		 -0.16 -205 -0.53 -0.39 -0.07 -253 -0.01 -56 -0.60 -3.18 -0.62

Annual Balance Sheets for Hamilton Lane

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 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 241 294 361 474 1,137 1,295 1,141 1,271 1,690 2,305
Total Current Assets		 35 50 54 255 746 359 134 139 305 402
Cash & Equivalents		 32 48 49 50 87 72 112 115 277 364
Accounts Receivable		 - - - - - - 7.19 8.15 16 24
Prepaid Expenses		 2.59 2.30 4.71 6.99 6.14 6.86 9.82 11 11 14
Plant, Property, & Equipment, net		 4.06 4.78 8.11 7.40 23 29 28 33 38 35
Total Noncurrent Assets		 202 239 298 211 367 897 922 1,071 1,251 1,342
Long-Term Investments		 120 137 154 - - 504 531 604 664 774
Noncurrent Note & Lease Receivables		 12 15 20 30 29 52 47 108 181 152
Noncurrent Deferred & Refundable Income Taxes		 61 73 108 138 252 245 234 262 309 293
Other Noncurrent Operating Assets		 8.19 14 16 43 86 96 110 97 97 123
Total Liabilities & Shareholders' Equity		 241 294 361 474 1,137 1,295 1,141 1,271 1,690 2,305
Total Liabilities		 154 158 191 236 546 557 566 595 766 838
Total Current Liabilities		 1.37 1.70 2.62 1.97 2.17 2.83 4.56 4.51 5.47 5.66
Accounts Payable		 1.37 1.70 2.62 1.97 2.17 2.83 4.56 4.51 5.47 5.66
Total Noncurrent Liabilities		 153 156 188 234 544 555 562 591 761 833
Long-Term Debt		 - - - - - - 214 196 290 278
Noncurrent Employee Benefit Liabilities		 3.42 8.09 12 11 29 20 24 36 49 84
Other Noncurrent Operating Liabilities		 104 142 172 220 515 535 324 359 422 470
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		 87 136 170 237 314 461 574 676 924 1,467
Total Preferred & Common Equity		 60 78 110 155 238 347 415 525 717 915
Total Common Equity		 60 78 110 155 238 347 415 525 717 915
Common Stock		 62 74 93 108 151 162 172 208 262 299
Retained Earnings		 0.61 4.55 18 47 88 185 244 317 456 615
Accumulated Other Comprehensive Income / (Loss)		 -0.31 0.00 0.01 -0.08 - - - 0.00 -0.14 1.17
Noncontrolling Interest		 27 58 59 83 76 115 159 151 207 551

Quarterly Balance Sheets for Hamilton Lane

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 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027
Period end date 12/31/2022 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 12/31/2025 6/30/2026
Total Assets		 1,124 1,200 1,359 1,209 1,372 1,424 1,591 1,802 1,980 2,171 2,539
Total Current Assets		 10 141 249 189 193 266 358 347 377 396 376
Cash & Equivalents		 0.00 125 230 164 166 227 321 316 327 340 342
Accounts Receivable		 - 7.96 7.82 9.97 14 16 21 20 25 35 24
Prepaid Expenses		 7.08 8.01 6.53 9.42 7.49 17 9.45 11 17 12 11
Plant, Property, & Equipment, net		 28 30 32 33 33 32 36 37 36 35 35
Total Noncurrent Assets		 898 940 959 971 1,118 1,084 1,145 1,231 1,239 1,314 1,424
Long-Term Investments		 514 546 558 588 621 627 664 674 708 745 776
Noncurrent Note & Lease Receivables		 52 66 62 68 141 96 136 158 138 172 228
Noncurrent Deferred & Refundable Income Taxes		 230 229 230 226 259 257 255 302 306 295 284
Other Noncurrent Operating Assets		 102 99 109 89 97 104 90 96 87 103 136
Total Liabilities & Shareholders' Equity		 1,124 1,200 1,359 1,209 1,372 1,424 1,591 1,802 1,980 2,171 2,539
Total Liabilities		 594 558 577 585 635 622 729 807 822 845 847
Total Current Liabilities		 2.05 5.57 3.54 3.31 4.68 6.43 5.25 6.51 6.08 5.03 5.20
Accounts Payable		 2.05 5.57 3.54 3.31 4.68 6.43 5.25 6.51 6.08 5.03 5.20
Total Noncurrent Liabilities		 592 553 574 581 630 616 724 800 816 840 841
Long-Term Debt		 199 198 197 197 196 195 292 289 286 280 274
Noncurrent Employee Benefit Liabilities		 66 33 47 58 68 71 78 64 84 101 85
Other Noncurrent Operating Liabilities		 327 322 329 327 367 350 354 448 446 459 483
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 530 642 782 624 737 802 862 995 1,158 1,326 1,692
Total Preferred & Common Equity		 395 435 463 468 566 607 649 759 826 877 939
Total Common Equity		 395 435 463 468 566 607 649 759 826 877 939
Common Stock		 167 177 179 182 210 215 224 272 289 305 268
Retained Earnings		 228 258 283 286 356 392 425 487 535 571 670
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - - - 1.22 1.15 0.64
Noncontrolling Interest		 135 207 319 156 170 195 213 236 332 449 753

Annual Metrics And Ratios for Hamilton Lane

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 55,775,114.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 55,775,114.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -0.54% 35.71% 3.34% 8.67% 24.66% 7.69% 43.71% 4.74% 28.73% 6.46%
EBITDA Growth		 0.00% 10.75% 66.27% -1.55% -1.92% 32.18% 47.49% 1.62% 3.08% 35.79% 0.87%
EBIT Growth		 0.00% 12.64% 67.97% -2.43% -2.21% 32.36% 47.86% 0.85% 2.87% 36.53% 0.71%
NOPAT Growth		 0.00% 24.48% 23.50% -14.92% 31.69% 29.72% -1.76% 38.56% 7.07% 38.26% -0.73%
Net Income Growth		 0.00% 33.28% 42.80% -6.87% 28.06% 33.14% 46.49% -24.29% 21.38% 38.10% 23.57%
EPS Growth		 0.00% 0.00% 3,000.00% 50.54% 53.57% 30.70% 41.64% -24.37% 22.59% 46.61% 9.43%
Operating Cash Flow Growth		 0.00% -25.19% 18.38% 15.44% 4.26% 61.69% -9.90% 33.66% -46.66% 148.92% 41.25%
Free Cash Flow Firm Growth		 0.00% 0.00% -45.92% -15.12% 24.99% 239.00% -59.18% -123.63% 707.26% 39.42% 68.17%
Invested Capital Growth		 0.00% 0.00% 25.88% 30.03% 69.28% -1,329.14% 14.19% 164.73% 44.49% 41.02% -54.20%
Revenue Q/Q Growth		 0.00% 0.00% 14.51% -4.04% 3.77% 8.22% -0.53% 2.30% 13.04% 3.08% -0.58%
EBITDA Q/Q Growth		 0.00% 0.00% 25.44% -11.04% 5.19% 8.01% 1.48% 3.64% 4.99% 0.49% -5.03%
EBIT Q/Q Growth		 0.00% 0.00% 25.89% -11.73% 5.62% 8.06% 1.25% 3.72% 4.91% 0.56% -5.22%
NOPAT Q/Q Growth		 0.00% 0.00% 32.47% -17.42% 8.09% 10.04% -9.06% 8.66% 17.46% 1.38% 1.21%
Net Income Q/Q Growth		 0.00% 0.00% 35.75% -19.65% 16.77% 18.19% -9.85% 8.01% 12.58% -1.11% 11.81%
EPS Q/Q Growth		 0.00% 0.00% 287.50% -23.08% 23.56% 15.16% -14.78% 16.67% 13.54% -0.18% 5.90%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -2.72% 3.11% 3.20% 20.53% -12.11% -1.65% 7.56% 6.20% 17.63%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -8.44% -23.98% 136.38% -11.67% -114.61% 10.98% 8.13% 25.81%
Invested Capital Q/Q Growth		 0.00% 0.00% -616.54% -282.91% -218.74% -1,037.79% -460.30% 242.46% 151.53% 53.73% -7.53%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 49.08% 59.90% 66.04% 60.74% 63.46% 60.10% 64.89% 62.48% 63.17% 61.50% 60.53%
EBITDA Margin		 39.01% 43.44% 53.22% 50.70% 45.76% 48.52% 66.45% 46.99% 46.24% 48.78% 44.64%
Operating Margin		 34.20% 42.33% 50.38% 41.33% 42.48% 45.58% 46.09% 45.40% 44.38% 44.40% 42.81%
EBIT Margin		 37.42% 42.37% 52.45% 49.52% 44.56% 47.31% 64.96% 45.58% 44.77% 47.48% 43.34%
Profit (Net Income) Margin		 30.89% 41.40% 43.56% 39.26% 46.26% 49.41% 67.20% 35.40% 41.02% 44.01% 51.08%
Tax Burden Percent		 98.47% 99.58% 76.13% 76.41% 90.08% 87.36% 78.82% 77.15% 80.67% 86.61% 83.75%
Interest Burden Percent		 83.84% 98.10% 109.10% 103.74% 115.25% 119.53% 131.24% 100.66% 113.60% 107.02% 140.74%
Effective Tax Rate		 1.53% 0.42% 23.87% 23.59% 9.92% 12.64% 21.18% 22.85% 19.33% 13.39% 16.25%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 194.95% 189.23% 212.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 189.42% 183.19% 201.45%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -158.60% -150.01% -179.84%
Return on Equity (ROE)		 0.00% 85.93% 95.46% 64.75% 62.28% 40.79% 37.25% 28.54% 36.35% 39.22% 32.44%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -31.92% 158.55% 155.20% 286.63%
Operating Return on Assets (OROA)		 0.00% 31.67% 47.90% 38.17% 29.28% 20.08% 19.66% 19.79% 20.56% 22.86% 16.47%
Return on Assets (ROA)		 0.00% 30.94% 39.78% 30.26% 30.40% 20.97% 20.34% 15.37% 18.84% 21.19% 19.41%
Return on Common Equity (ROCE)		 0.00% 59.56% 59.35% 39.94% 40.54% 19.37% 16.41% 16.59% 27.35% 30.46% 22.15%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 123.98% 135.54% 89.81% 81.90% 70.88% 71.28% 45.06% 43.26% 43.74% 0.00%
Net Operating Profit after Tax (NOPAT)		 61 76 94 80 105 136 134 185 198 274 272
NOPAT Margin		 33.68% 42.15% 38.36% 31.58% 38.27% 39.82% 36.33% 35.03% 35.80% 38.45% 35.86%
Net Nonoperating Expense Percent (NNEP)		 0.00% -1.78% 7.53% 9.96% 9.70% 6.63% 14.15% 0.29% 5.52% 6.05% 10.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 22.58% 15.60%
Cost of Revenue to Revenue		 50.92% 40.10% 33.96% 39.26% 36.54% 39.90% 35.11% 37.52% 36.83% 38.50% 39.47%
SG&A Expenses to Revenue		 14.88% 17.57% 15.66% 19.41% 20.97% 14.51% 18.81% 17.08% 18.78% 17.10% 17.72%
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		 14.88% 17.57% 15.66% 19.41% 20.97% 14.51% 18.81% 17.08% 18.78% 17.10% 17.72%
Earnings before Interest and Taxes (EBIT)		 68 76 128 125 122 162 239 241 248 339 329
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 71 78 130 128 125 166 244 248 256 348 339
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 20.04 18.08 17.25 18.58 11.37 9.40 11.56 11.15 5.84
Price to Tangible Book Value (P/TBV)		 0.00 0.00 20.04 18.08 17.25 18.58 11.37 9.40 11.56 11.15 5.84
Price to Revenue (P/Rev)		 0.00 0.00 6.44 7.90 9.74 12.95 10.72 7.39 10.96 11.22 7.05
Price to Earnings (P/E)		 0.00 0.00 90.64 59.36 43.89 45.15 27.00 35.80 43.08 36.80 21.47
Dividend Yield		 0.00% 0.00% 2.10% 2.14% 2.14% 1.49% 1.89% 2.20% 1.58% 1.32% 2.17%
Earnings Yield		 0.00% 0.00% 1.10% 1.68% 2.28% 2.22% 3.70% 2.79% 2.32% 2.72% 4.66%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 43.64 47.34 44.53 62.59
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 5.92 7.33 9.14 11.82 9.45 6.87 10.28 10.59 6.64
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 11.12 14.46 19.97 24.35 14.22 14.62 22.22 21.71 14.88
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 11.29 14.80 20.51 24.98 14.55 15.07 22.96 22.30 15.33
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 15.43 23.21 23.88 29.68 26.01 19.61 28.71 27.54 18.52
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 14.94 16.56 21.52 21.46 20.51 16.03 47.10 25.10 11.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 18.87 28.44 30.83 14.66 30.93 0.00 35.29 33.58 13.72
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.29 0.31 0.19
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.29 0.31 0.19
Financial Leverage		 0.00 -1.76 -1.51 -1.27 -1.11 -1.19 -1.21 -1.03 -0.84 -0.82 -0.89
Leverage Ratio		 0.00 2.78 2.40 2.14 2.05 1.95 1.83 1.86 1.93 1.85 1.67
Compound Leverage Factor		 0.00 2.73 2.62 2.22 2.36 2.33 2.40 1.87 2.19 1.98 2.35
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 27.11% 22.49% 23.91% 15.96%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 27.11% 22.49% 23.91% 15.96%
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		 0.00% 30.69% 42.37% 35.06% 34.80% 59.65% 52.96% 20.15% 17.29% 17.02% 31.59%
Common Equity to Total Capital		 0.00% 69.31% 57.63% 64.95% 65.20% 40.35% 47.04% 52.74% 60.22% 59.07% 52.45%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.86 0.77 0.83 0.82
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.75 -2.06 -1.89 -2.54
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.86 0.77 0.83 0.82
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.15 0.99 1.06 1.02
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.34 -2.66 -2.40 -3.16
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.15 0.99 1.06 1.02
Altman Z-Score		 0.00 0.00 8.47 8.35 8.99 6.52 5.67 5.73 7.67 7.94 5.21
Noncontrolling Interest Sharing Ratio		 0.00% 30.69% 37.82% 38.31% 34.90% 52.52% 55.94% 41.88% 24.76% 22.34% 31.71%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 25.53 29.35 20.65 129.51 343.37 127.01 29.29 30.82 56.88 70.95
Quick Ratio		 0.00 23.64 28.00 18.85 125.96 212.13 25.53 26.09 27.26 53.66 68.52
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 142 77 65 81 275 112 -27 161 225 367
Operating Cash Flow to CapEx		 11,853.96% 6,406.20% 4,289.80% 2,080.17% 5,883.37% 1,009.59% 1,988.31% 4,773.31% 1,091.41% 2,474.66% 7,271.00%
Free Cash Flow to Firm to Interest Expense		 0.00 9.72 12.79 21.39 28.85 110.01 24.24 -3.08 14.43 16.87 24.58
Operating Cash Flow to Interest Expense		 8.64 5.61 16.14 36.73 41.33 75.17 36.55 26.30 10.81 22.56 28.42
Operating Cash Flow Less CapEx to Interest Expense		 8.56 5.52 15.77 34.96 40.62 67.73 34.71 25.74 9.82 21.65 28.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.75 0.91 0.77 0.66 0.42 0.30 0.43 0.46 0.48 0.38
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.23 58.52 37.90
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		 0.00 44.26 55.18 39.13 35.34 22.25 14.11 18.47 18.03 20.20 20.91
Accounts Payable Turnover		 0.00 52.79 54.06 45.84 43.66 65.84 51.67 53.73 45.01 55.04 53.84
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.05 6.24 9.63
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)		 0.00 6.91 6.75 7.96 8.36 5.54 7.06 6.79 8.11 6.63 6.78
Cash Conversion Cycle (CCC)		 0.00 -6.91 -6.75 -7.96 -8.36 -5.54 -7.06 -6.79 -3.06 -0.39 2.85
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 -66 -49 -34 -10 -150 -129 83 120 170 81
Invested Capital Turnover		 0.00 -5.47 -4.26 -6.08 -12.29 -4.26 -2.64 -23.32 5.44 4.92 5.92
Increase / (Decrease) in Invested Capital		 0.00 -66 17 15 24 -139 21 212 37 49 -95
Enterprise Value (EV)		 0.00 0.00 1,445 1,848 2,504 4,037 3,477 3,631 5,692 7,550 5,041
Market Capitalization		 0.00 0.00 1,572 1,993 2,670 4,425 3,942 3,907 6,068 8,001 5,349
Book Value per Share		 $0.00 $0.00 $1.66 $2.20 $2.98 $4.51 $6.52 $7.72 $9.72 $12.94 $16.41
Tangible Book Value per Share		 $0.00 $0.00 $1.66 $2.20 $2.98 $4.51 $6.52 $7.72 $9.72 $12.94 $16.41
Total Capital		 0.00 87 136 170 237 590 737 788 872 1,214 1,745
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 214 196 290 278
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 214 196 290 278
Net Debt		 0.00 -152 -185 -204 -248 -740 -856 -434 -527 -658 -860
Capital Expenditures (CapEx)		 0.92 1.28 2.25 5.37 1.98 19 8.53 4.75 11 12 5.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 1.23 0.60 2.10 5.02 3.97 4.03 12 15 22 32
Debt-free Net Working Capital (DFNWC)		 0.00 34 48 51 253 744 356 129 134 306 396
Net Working Capital (NWC)		 0.00 34 48 51 253 744 356 129 134 306 396
Net Nonoperating Expense (NNE)		 5.03 1.36 -13 -19 -22 -33 -114 -1.98 -29 -40 -116
Net Nonoperating Obligations (NNO)		 0.00 -152 -185 -204 -248 -740 -866 -491 -556 -754 -1,386
Total Depreciation and Amortization (D&A)		 2.88 1.92 1.89 2.98 3.29 4.13 5.50 7.44 8.19 9.29 9.88
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.68% 0.25% 0.83% 1.83% 1.16% 1.10% 2.35% 2.66% 3.09% 4.21%
Debt-free Net Working Capital to Revenue		 0.00% 18.64% 19.75% 20.40% 92.28% 217.77% 96.83% 24.40% 24.26% 42.86% 52.15%
Net Working Capital to Revenue		 0.00% 18.64% 19.75% 20.40% 92.28% 217.77% 96.83% 24.40% 24.26% 42.86% 52.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.94 $1.41 $2.17 $2.82 $4.02 $3.05 $3.72 $5.45 $5.99
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.93 $1.40 $2.15 $2.81 $3.98 $3.01 $3.69 $5.41 $5.92
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
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		 0.00 0.00 48.83M 50.88M 51.89M 53.03M 53.24M 54.00M 54.19M 53.55M 55.53M
Normalized Net Operating Profit after Tax (NOPAT)		 61 76 94 80 105 136 134 185 198 274 272
Normalized NOPAT Margin		 33.68% 42.15% 38.36% 31.58% 38.27% 39.82% 36.33% 35.03% 35.80% 38.45% 35.86%
Pre Tax Income Margin		 31.37% 41.57% 57.22% 51.38% 51.36% 56.55% 85.26% 45.88% 50.86% 50.81% 60.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.35 5.23 21.37 41.09 43.37 64.58 51.53 27.97 22.19 25.39 22.00
NOPAT to Interest Expense		 4.82 5.20 15.63 26.21 37.24 54.35 28.82 21.49 17.74 20.56 18.20
EBIT Less CapEx to Interest Expense		 5.28 5.14 20.99 39.33 42.66 57.13 49.69 27.42 21.20 24.48 21.61
NOPAT Less CapEx to Interest Expense		 4.74 5.12 15.25 24.44 36.54 46.91 26.98 20.94 16.75 19.65 17.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 131.19% 112.37% 48.74% 72.24% 61.07% 45.44% 39.61% 73.25% 48.16% 38.25% 36.73%
Augmented Payout Ratio		 131.19% 120.19% 48.75% 72.25% 61.08% 45.44% 39.61% 73.25% 48.16% 38.25% 41.89%

Quarterly Metrics And Ratios for Hamilton Lane

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

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 55,775,114.00 55,533,814.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 55,775,114.00 55,533,814.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.19 1.45
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.42% 56.63% 57.34% 18.22% 34.33% 12.06% -10.56% 27.25% 18.02% -2.23% 56.48%
EBITDA Growth		 53.03% 46.38% 79.17% 26.41% 53.48% 1.97% -13.96% 15.10% 15.93% -7.42% 58.42%
EBIT Growth		 56.25% 46.87% 81.03% 26.39% 54.92% 2.26% -14.49% 15.40% 16.37% -7.86% 60.30%
NOPAT Growth		 -7.05% 77.95% 75.53% 22.44% 84.51% 5.28% -14.96% 6.15% 2.19% 3.70% 69.45%
Net Income Growth		 57.80% 49.37% 69.61% 17.70% 124.30% -4.59% -11.50% 36.46% 19.81% 55.86% 62.04%
EPS Growth		 64.52% 53.66% 81.48% 23.42% 158.82% -0.79% -12.93% 23.36% 3.79% 26.40% 50.78%
Operating Cash Flow Growth		 -163.34% 64.26% 37.55% 51.30% 276.77% 80.92% 61.68% 1.27% 15.09% 162.14% -40.16%
Free Cash Flow Firm Growth		 -76.15% 116.77% 117.21% 227.93% -78.16% -30.05% 66.24% 140.59% 3,390.39% 1,085.58% -4.40%
Invested Capital Growth		 96.72% 44.49% 39.57% 41.08% 130.74% 41.02% -5.93% -23.58% -21.03% -54.20% 37.60%
Revenue Q/Q Growth		 -1.27% 41.03% 11.36% -23.75% 12.17% 17.66% -11.12% 8.48% 4.04% -2.53% 42.24%
EBITDA Q/Q Growth		 -9.10% 65.38% 17.03% -28.47% 10.36% 6.90% 1.95% -7.32% 10.46% -17.87% 70.40%
EBIT Q/Q Growth		 -9.71% 67.23% 17.62% -29.17% 10.68% 7.31% 1.64% -7.52% 10.90% -18.33% 72.56%
NOPAT Q/Q Growth		 -34.75% 88.00% 10.26% -9.47% -1.68% 7.27% -10.94% 13.01% -5.35% 8.86% 45.53%
Net Income Q/Q Growth		 -46.46% 122.48% 13.35% -12.82% 2.02% -5.36% 5.14% 34.43% -10.43% 23.12% 9.31%
EPS Q/Q Growth		 -54.05% 147.06% 16.67% -6.80% -3.65% -5.30% 2.40% 32.03% -18.93% 15.33% 22.15%
Operating Cash Flow Q/Q Growth		 -146.95% 159.60% 267.28% 47.23% -45.15% -39.00% 228.23% -7.78% -37.67% 38.94% -25.08%
Free Cash Flow Firm Q/Q Growth		 0.16% 148.88% 41.36% -6.94% -93.33% 697.02% 235.91% 34.69% -3.21% 87.02% -60.79%
Invested Capital Q/Q Growth		 -29.02% 151.53% -6.97% -15.06% 16.08% 53.73% -37.94% -31.00% 19.96% -7.53% 79.76%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 60.32% 63.62% 60.13% 63.29% 63.21% 60.05% 60.47% 59.67% 60.75% 61.21% 60.90%
EBITDA Margin		 42.65% 50.24% 52.79% 49.53% 48.73% 44.27% 50.78% 43.39% 46.07% 38.82% 46.50%
Operating Margin		 41.03% 47.48% 45.55% 44.80% 45.00% 42.44% 43.75% 41.76% 43.31% 42.49% 45.93%
EBIT Margin		 41.02% 48.87% 51.62% 47.95% 47.31% 43.15% 49.35% 42.07% 44.84% 37.58% 45.58%
Profit (Net Income) Margin		 27.57% 43.49% 44.27% 50.62% 46.03% 37.03% 43.80% 54.28% 46.73% 59.02% 45.36%
Tax Burden Percent		 68.61% 79.02% 81.56% 98.48% 85.92% 83.06% 80.74% 88.11% 77.30% 87.99% 83.27%
Interest Burden Percent		 97.95% 112.61% 105.14% 107.18% 113.24% 103.31% 109.92% 146.43% 134.81% 178.52% 119.49%
Effective Tax Rate		 31.39% 20.98% 18.44% 1.52% 14.08% 16.94% 19.26% 11.89% 22.70% 12.01% 16.73%
Return on Invested Capital (ROIC)		 382.61% 204.30% 242.10% 352.52% 338.34% 173.48% 225.28% 321.87% 258.95% 221.34% 262.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 382.75% 202.29% 239.74% 351.14% 336.47% 172.94% 223.31% 318.15% 256.31% 217.41% 261.06%
Return on Net Nonoperating Assets (RNNOA)		 -358.84% -169.37% -206.35% -315.14% -300.68% -141.62% -195.32% -290.94% -233.18% -194.09% -236.77%
Return on Equity (ROE)		 23.78% 34.93% 35.75% 37.37% 37.66% 31.86% 29.96% 30.93% 25.76% 27.25% 25.89%
Cash Return on Invested Capital (CROIC)		 403.15% 158.55% 206.55% 263.80% 263.08% 155.20% 248.47% 346.43% 295.96% 286.63% 220.48%
Operating Return on Assets (OROA)		 17.23% 22.45% 25.11% 22.35% 23.38% 20.78% 21.52% 18.12% 18.20% 14.28% 18.03%
Return on Assets (ROA)		 11.58% 19.97% 21.53% 23.59% 22.74% 17.83% 19.10% 23.37% 18.97% 22.43% 17.94%
Return on Common Equity (ROCE)		 17.77% 26.28% 25.96% 25.23% 28.31% 24.74% 22.92% 22.60% 17.98% 18.61% 16.36%
Return on Equity Simple (ROE_SIMPLE)		 43.13% 0.00% 46.43% 45.23% 48.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 35 66 73 66 65 70 62 70 66 72 105
NOPAT Margin		 28.15% 37.52% 37.15% 44.11% 38.67% 35.25% 35.32% 36.80% 33.48% 37.39% 38.25%
Net Nonoperating Expense Percent (NNEP)		 -0.13% 2.01% 2.36% 1.37% 1.87% 0.54% 1.97% 3.72% 2.64% 3.92% 1.61%
Return On Investment Capital (ROIC_SIMPLE)		 4.30% - - - 5.64% 5.75% 4.84% 4.87% 4.14% 4.15% 5.36%
Cost of Revenue to Revenue		 39.68% 36.38% 39.87% 36.71% 36.79% 39.95% 39.53% 40.33% 39.25% 38.79% 39.10%
SG&A Expenses to Revenue		 19.29% 16.14% 14.58% 18.49% 18.21% 17.61% 16.72% 17.91% 17.44% 18.72% 14.96%
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		 19.29% 16.14% 14.58% 18.49% 18.21% 17.61% 16.72% 17.91% 17.44% 18.72% 14.96%
Earnings before Interest and Taxes (EBIT)		 51 86 102 72 80 85 87 80 89 73 126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 53 89 104 74 82 88 89 83 91 75 128
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 12.86 11.56 11.74 14.94 12.27 11.15 10.08 8.78 8.24 5.84 4.52
Price to Tangible Book Value (P/TBV)		 12.86 11.56 11.74 14.94 12.27 11.15 10.08 8.78 8.24 5.84 4.52
Price to Revenue (P/Rev)		 12.28 10.96 10.63 13.97 11.52 11.22 11.05 9.90 9.47 7.05 4.94
Price to Earnings (P/E)		 48.69 43.08 39.39 49.84 37.01 36.80 36.04 31.80 30.96 21.47 15.38
Dividend Yield		 1.55% 1.58% 1.48% 1.11% 1.29% 1.32% 1.41% 1.53% 1.57% 2.17% 2.82%
Earnings Yield		 2.05% 2.32% 2.54% 2.01% 2.70% 2.72% 2.77% 3.14% 3.23% 4.66% 6.50%
Enterprise Value to Invested Capital (EV/IC)		 117.44 47.34 55.66 90.44 67.83 44.53 68.27 94.06 78.80 62.59 28.67
Enterprise Value to Revenue (EV/Rev)		 11.46 10.28 9.95 13.25 10.82 10.59 10.38 9.32 8.99 6.64 4.84
Enterprise Value to EBITDA (EV/EBITDA)		 24.32 22.22 20.61 27.06 21.61 21.71 21.55 19.84 19.24 14.88 10.75
Enterprise Value to EBIT (EV/EBIT)		 25.15 22.96 21.22 27.86 22.22 22.30 22.18 20.42 19.78 15.33 11.04
Enterprise Value to NOPAT (EV/NOPAT)		 33.25 28.71 27.07 35.54 27.66 27.54 27.31 25.49 25.52 18.52 13.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 49.96 47.10 43.65 47.10 26.41 25.10 20.52 19.43 19.00 11.86 11.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 38.63 35.29 31.40 40.13 35.98 33.58 26.64 23.52 23.50 13.72 15.06
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.32 0.29 0.27 0.24 0.34 0.31 0.29 0.25 0.21 0.19 0.16
Long-Term Debt to Equity		 0.32 0.29 0.27 0.24 0.34 0.31 0.29 0.25 0.21 0.19 0.16
Financial Leverage		 -0.94 -0.84 -0.86 -0.90 -0.89 -0.82 -0.87 -0.91 -0.91 -0.89 -0.91
Leverage Ratio		 2.02 1.93 1.87 1.76 1.88 1.85 1.83 1.74 1.72 1.67 1.62
Compound Leverage Factor		 1.98 2.17 1.96 1.88 2.13 1.91 2.01 2.54 2.32 2.98 1.93
Debt to Total Capital		 23.97% 22.49% 20.97% 19.56% 25.30% 23.91% 22.48% 19.78% 17.41% 15.96% 13.94%
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		 23.97% 22.49% 20.97% 19.56% 25.30% 23.91% 22.48% 19.78% 17.41% 15.96% 13.94%
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		 19.02% 17.29% 18.28% 19.60% 18.44% 17.02% 18.40% 23.01% 27.94% 31.59% 38.29%
Common Equity to Total Capital		 57.01% 60.22% 60.74% 60.85% 56.26% 59.07% 59.10% 57.20% 54.65% 52.45% 47.77%
Debt to EBITDA		 0.85 0.77 0.65 0.61 0.84 0.83 0.87 0.83 0.78 0.82 0.71
Net Debt to EBITDA		 -2.43 -2.06 -1.97 -2.09 -2.02 -1.89 -2.11 -2.20 -2.28 -2.54 -2.19
Long-Term Debt to EBITDA		 0.85 0.77 0.65 0.61 0.84 0.83 0.87 0.83 0.78 0.82 0.71
Debt to NOPAT		 1.17 0.99 0.85 0.81 1.08 1.06 1.10 1.07 1.04 1.02 0.87
Net Debt to NOPAT		 -3.32 -2.66 -2.59 -2.75 -2.59 -2.40 -2.67 -2.83 -3.02 -3.16 -2.68
Long-Term Debt to NOPAT		 1.17 0.99 0.85 0.81 1.08 1.06 1.10 1.07 1.04 1.02 0.87
Altman Z-Score		 7.24 7.25 7.51 9.96 7.80 7.45 6.83 6.40 6.21 4.84 4.05
Noncontrolling Interest Sharing Ratio		 25.25% 24.76% 27.38% 32.48% 24.82% 22.34% 23.49% 26.92% 30.23% 31.71% 36.81%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 56.99 30.82 41.16 41.38 68.21 56.88 53.25 62.04 78.69 70.95 72.35
Quick Ratio		 52.65 27.26 38.54 37.86 65.29 53.66 51.62 57.88 74.67 68.52 70.22
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 12 29 41 39 2.57 20 69 93 90 168 66
Operating Cash Flow to CapEx		 -1,143.05% 1,348.57% 5,295.02% 7,458.83% 1,143.16% 1,140.89% 9,593.15% 10,948.25% 4,443.29% 5,897.65% 4,283.73%
Free Cash Flow to Firm to Interest Expense		 4.28 3.47 14.04 14.24 0.66 5.37 17.84 24.19 24.31 46.87 18.80
Operating Cash Flow to Interest Expense		 -13.26 2.58 27.06 43.42 16.66 10.30 33.44 31.04 20.10 28.78 22.06
Operating Cash Flow Less CapEx to Interest Expense		 -14.42 2.39 26.55 42.84 15.20 9.39 33.09 30.76 19.64 28.29 21.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.46 0.49 0.47 0.49 0.48 0.44 0.43 0.41 0.38 0.40
Accounts Receivable Turnover		 0.00 72.23 56.45 53.41 44.18 58.52 40.37 35.03 26.95 37.90 39.26
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		 15.87 18.03 19.86 20.25 19.95 20.20 19.93 21.55 21.42 20.91 24.03
Accounts Payable Turnover		 67.16 45.01 46.47 49.63 60.65 55.04 47.47 45.97 59.07 53.84 57.67
Days Sales Outstanding (DSO)		 0.00 5.05 6.47 6.83 8.26 6.24 9.04 10.42 13.54 9.63 9.30
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)		 5.43 8.11 7.85 7.35 6.02 6.63 7.69 7.94 6.18 6.78 6.33
Cash Conversion Cycle (CCC)		 -5.43 -3.06 -1.39 -0.52 2.24 -0.39 1.35 2.48 7.36 2.85 2.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 48 120 112 95 110 170 105 73 87 81 145
Invested Capital Turnover		 13.59 5.44 6.52 7.99 8.75 4.92 6.38 8.75 7.74 5.92 6.87
Increase / (Decrease) in Invested Capital		 24 37 32 28 62 49 -6.63 -22 -23 -95 40
Enterprise Value (EV)		 5,613 5,692 6,225 8,593 7,481 7,550 7,183 6,829 6,864 5,041 4,151
Market Capitalization		 6,018 6,068 6,651 9,062 7,968 8,001 7,649 7,254 7,228 5,349 4,242
Book Value per Share		 $8.66 $9.72 $10.45 $11.19 $11.71 $12.94 $14.17 $14.83 $15.72 $16.41 $16.91
Tangible Book Value per Share		 $8.66 $9.72 $10.45 $11.19 $11.71 $12.94 $14.17 $14.83 $15.72 $16.41 $16.91
Total Capital		 821 872 932 997 1,154 1,214 1,284 1,444 1,606 1,745 1,966
Total Debt		 197 196 196 195 292 290 289 286 280 278 274
Total Long-Term Debt		 197 196 196 195 292 290 289 286 280 278 274
Net Debt		 -560 -527 -596 -665 -700 -658 -702 -757 -813 -860 -844
Capital Expenditures (CapEx)		 3.19 1.61 1.51 1.57 5.63 3.44 1.34 1.09 1.67 1.75 1.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 16 15 17 27 26 22 24 37 43 32 29
Debt-free Net Working Capital (DFNWC)		 186 134 188 260 353 306 340 371 391 396 371
Net Working Capital (NWC)		 186 134 188 260 353 306 340 371 391 396 371
Net Nonoperating Expense (NNE)		 0.73 -11 -14 -9.75 -12 -3.51 -15 -33 -26 -42 -20
Net Nonoperating Obligations (NNO)		 -576 -556 -625 -707 -752 -754 -890 -1,085 -1,239 -1,386 -1,547
Total Depreciation and Amortization (D&A)		 2.04 2.41 2.31 2.37 2.39 2.22 2.53 2.52 2.43 2.40 2.53
Debt-free, Cash-free Net Working Capital to Revenue		 3.28% 2.66% 2.72% 4.13% 3.69% 3.09% 3.49% 5.02% 5.60% 4.21% 3.44%
Debt-free Net Working Capital to Revenue		 37.86% 24.26% 30.07% 40.02% 51.02% 42.86% 49.13% 50.63% 51.18% 52.15% 43.25%
Net Working Capital to Revenue		 37.86% 24.26% 30.07% 40.02% 51.02% 42.86% 49.13% 50.63% 51.18% 52.15% 43.25%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.52 $1.27 $1.49 $1.38 $1.33 $1.25 $1.30 $1.71 $1.40 $1.58 $1.94
Adjusted Weighted Average Basic Shares Outstanding		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
Adjusted Diluted Earnings per Share		 $0.51 $1.26 $1.47 $1.37 $1.32 $1.25 $1.28 $1.69 $1.37 $1.58 $1.93
Adjusted Weighted Average Diluted Shares Outstanding		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
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		 54.01M 54.19M 54.20M 55.43M 55.44M 53.55M 55.68M 55.80M 55.78M 55.53M 55.11M
Normalized Net Operating Profit after Tax (NOPAT)		 35 66 73 66 65 70 62 70 66 72 105
Normalized NOPAT Margin		 28.15% 37.52% 37.15% 44.11% 38.67% 35.25% 35.32% 36.80% 33.48% 37.39% 38.25%
Pre Tax Income Margin		 40.18% 55.03% 54.27% 51.40% 53.58% 44.58% 54.25% 61.60% 60.45% 67.08% 54.47%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 18.70 10.25 34.46 26.60 20.59 22.39 22.52 20.97 24.15 20.33 35.89
NOPAT to Interest Expense		 12.83 7.87 24.80 24.47 16.83 18.29 16.12 18.34 18.03 20.23 30.12
EBIT Less CapEx to Interest Expense		 17.54 10.05 33.95 26.02 19.13 21.49 22.17 20.68 23.69 19.84 35.37
NOPAT Less CapEx to Interest Expense		 11.67 7.68 24.29 23.89 15.37 17.39 15.77 18.06 17.57 19.74 29.60
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 63.41% 48.16% 41.96% 42.68% 38.44% 38.25% 40.15% 38.61% 39.24% 36.73% 33.20%
Augmented Payout Ratio		 63.41% 48.16% 41.96% 42.68% 38.44% 38.25% 40.15% 38.61% 39.24% 41.89% 49.26%

Financials Breakdown Chart

Key Financial Trends

Hamilton Lane’s latest results show accelerating growth and stronger earnings, although cash generation and capital allocation remain important areas for investors to monitor. In Q1 fiscal 2027, revenue increased to $275.3 million, up 42% from Q4 fiscal 2026 and 57% from Q1 fiscal 2026. The company’s operating income rose to $126.5 million, while net income attributable to common shareholders reached $80.5 million.

  • Revenue growth has strengthened. Quarterly revenue increased from $100.9 million in Q4 fiscal 2022 to $275.3 million in Q1 fiscal 2027. The latest quarter also marked a significant acceleration compared with the $176.0 million reported in Q1 fiscal 2026.
  • Operating profitability remains high. Q1 fiscal 2027 operating income was $126.5 million, representing an operating margin of approximately 45.9%, compared with 42.5% in Q4 fiscal 2026 and 43.7% in Q1 fiscal 2026.
  • Common-shareholder earnings and EPS are rising. Net income attributable to common shareholders increased 22% from Q4 fiscal 2026 and 50% year over year to $80.5 million. Diluted EPS rose to $1.93 from $1.58 and $1.28, respectively.
  • Gross margins have remained relatively stable despite growth. Gross profit was $167.7 million in Q1 fiscal 2027, producing a margin of about 60.9%. This is broadly consistent with the approximately 60% margins reported in recent quarters.
  • Interest and investment income continues to support results. Q1 fiscal 2027 interest and investment income was $28.0 million. Although below Q4’s unusually high $60.7 million, it was above the $21.0 million reported in Q1 fiscal 2026 and remains a meaningful contributor to pre-tax income.
  • The balance sheet has expanded substantially. Total assets reached $2.54 billion at June 30, 2026, up from $1.80 billion at June 30, 2025 and $1.37 billion at June 30, 2024. Long-term investments increased to $776.5 million from $674.5 million over the same two-year period.
  • Hamilton Lane maintains a sizable liquidity position. Cash and equivalents were $341.7 million at the latest quarter-end, compared with $315.9 million a year earlier. The company also generated $77.2 million in operating cash flow during Q1 fiscal 2027.
  • Dividend growth has been consistent, but the payout should be viewed alongside cash flow. The quarterly dividend per share rose to $0.60 in Q1 fiscal 2027 from $0.54 in fiscal 2026 and $0.49 in fiscal 2025. Total dividend payments of $38.5 million were below quarterly operating cash flow, though the latest operating cash flow was lower than in the preceding quarters.
  • Noncontrolling interests are becoming increasingly significant. Noncontrolling interest reached $752.8 million, or roughly 45% of total equity and noncontrolling interests. This means consolidated earnings do not flow entirely to Hamilton Lane’s common shareholders and should be considered when evaluating per-share performance.
  • Investing activity is consuming substantial cash. Hamilton Lane spent $148.1 million on investments in Q1 fiscal 2027 and reported total investing cash outflow of $146.9 million. As a result, net cash declined by $22.2 million despite positive operating and financing cash flow.

Financing activity also deserves attention. The company paid $50.0 million for share repurchases and $38.5 million in dividends, but these outflows were more than offset by $141.3 million of common-equity issuance. Repeated equity issuance can provide capital for expansion, but it may dilute existing shareholders if the additional capital does not generate sufficient returns.

Hamilton Lane’s long-term debt was $274.2 million at June 30, 2026, down from $279.5 million at December 31, 2025 and $288.6 million at June 30, 2025. That modest reduction, combined with more than $341 million of cash, indicates that leverage is not currently the primary balance-sheet concern. However, investors should distinguish between consolidated balance-sheet growth and the portion ultimately attributable to common shareholders.

Overall, the statements point to a company with strong revenue momentum, expanding operating earnings and a growing investment platform. The main risks are the decline in quarterly operating cash flow, heavy investment outlays, reliance on equity issuance to support financing, and the large noncontrolling-interest claim on consolidated results. The income statement data also include restated and calculated historical periods, so investors should rely on the latest filings when making direct year-over-year comparisons.

08/31/26 11:27 PM ETAI Generated. May Contain Errors.

Hamilton Lane Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hamilton Lane's fiscal year ends in March. Their fiscal year 2026 ended on March 31, 2026.

Hamilton Lane's net income appears to be on an upward trend, with a most recent value of $387.72 million in 2026, rising from $55.85 million in 2016. The previous period was $313.77 million in 2025. See where experts think Hamilton Lane is headed by visiting Hamilton Lane's forecast page.

Hamilton Lane's total operating income in 2026 was $324.94 million, based on the following breakdown:
  • Total Gross Profit: $459.42 million
  • Total Operating Expenses: $134.48 million

Over the last 10 years, Hamilton Lane's total revenue changed from $180.80 million in 2016 to $758.99 million in 2026, a change of 319.8%.

Hamilton Lane's total liabilities were at $838.36 million at the end of 2026, a 9.4% increase from 2025, and a 444.4% increase since 2017.

In the past 9 years, Hamilton Lane's cash and equivalents has ranged from $32.29 million in 2017 to $363.90 million in 2026, and is currently $363.90 million as of their latest financial filing in 2026.

Over the last 10 years, Hamilton Lane's book value per share changed from 0.00 in 2016 to 16.41 in 2026, a change of 1,640.9%.


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Financial statements for NASDAQ:HLNE last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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