Houlihan Lokey, Inc. is a prominent global independent investment bank that specializes in mergers and acquisitions, capital markets, financial restructuring, and advisory services.

# Company Overview: Houlihan Lokey, Inc.

## Business Description
Houlihan Lokey, Inc. is a leading global independent investment bank established in 1972. The company specializes in several key areas:
- **Mergers and Acquisitions (M&A)**
- **Capital Markets**
- **Financial Restructuring**
- **Liability Management**
- **Financial and Valuation Advisory**

The firm provides comprehensive advisory services to a diverse client base worldwide, including corporations, financial sponsors, and government agencies. 

## Operational Highlights
- **Global Presence**: Houlihan Lokey operates through 35 offices in various locations, including offices in the Americas, Europe, Asia, Australia, and the Middle East.
- **Employee Count**: As of March 31, 2025, the company employed 2,702 people, with 1,893 financial professionals, including 339 Managing Directors.

## Financial Performance
- **Revenue**: For the fiscal year ending March 31, 2025, Houlihan Lokey reported revenues of **$2.39 billion**, a 25% increase from **$1.91 billion** in the previous year.
- **Net Income**: The company achieved a net income of **$399.7 million**, representing a 43% increase from **$280.3 million** in the prior year.
- **International Operations**: The firm generated **$687 million** in revenues from international operations during the same fiscal year.

## Customer Base
- **Client Engagements**: The company serves over **2,000 clients annually**, ranging from closely held companies to Fortune Global 500 corporations.

## Business Segments Contribution
Revenue breakdown by business segments for the fiscal year ending March 31, 2025:
- **Corporate Finance (CF)**: Revenues of **$1.53 billion** (38% increase year-over-year) and segment profit of **$474.4 million** (57% increase).
- **Financial Restructuring (FR)**: Revenues of **$544.5 million** (4% increase) and segment profit of **$209.3 million** (8% increase).
- **Financial and Valuation Advisory (FVA)**: Revenues of **$318.2 million** (11% increase) and segment profit of **$88.6 million** (19% increase).

## Summary
Houlihan Lokey positions itself as a market leader in investment banking and financial advisory, demonstrating substantial growth in revenue and profitability while serving a diverse portfolio of clients globally. The firm's focus on independent advisory services allows it to provide conflict-free guidance, enhancing its reputation and client trust.

Houlihan Lokey, Inc. is a leading independent global investment bank, specializing in mergers and acquisitions, financial restructuring, and valuation advisory services.

# Summary of Houlihan Lokey, Inc.

## Company Overview
Houlihan Lokey, Inc. is a leading global independent investment bank established in 1972, specializing in a diverse array of financial services including:

- **Mergers and Acquisitions (M&A)**
- **Capital Markets Advisory**
- **Financial Restructuring (FR)**
- **Financial and Valuation Advisory (FVA)**

The company operates through a global network with offices in the Americas, Europe, Asia, Australia, and the Middle East.

## Business Segments
1. **Corporate Finance (CF)**
   - **Mergers & Acquisitions**: Noted for being one of the most prolific sell-side advisors in transactions under $1 billion. The CF team consists of 223 Managing Directors.
   - **Capital Markets Advisory**: Provides financing solutions and capital-raising advisory services to corporate and private equity clients.

2. **Financial Restructuring (FR)**
   - Comprises a team of 54 Managing Directors, making it one of the largest restructuring groups in the industry. The FR group handles complex restructurings and advises clients across various markets worldwide.

3. **Financial and Valuation Advisory (FVA)**
   - Feature 39 Managing Directors specializing in valuation services and financial opinions. The FVA group serves financial executives, boards of directors, and various investors.

## Key Statistics
- **Number of Employees**: As of March 31, 2024, the company employed 2,601 people, a slight decrease from 2,610 in 2023.
- **Number of Clients**: Serves over 2,000 clients annually, ranging from closely held firms to Fortune Global 500 companies.
- **Revenue**: Not explicitly stated in the provided information, but notable for being dependent on advisory fees that can fluctuate significantly based on market conditions and project completion milestones.
- **Income**: The company faces volatility in revenue and profits due to reliance on advisory fees linked to transaction completions, with substantial portions derived from the CF and FR segments.

## Notable Achievements
- The firm positions itself uniquely in the market, focusing on advisory services without the conflicts of interest that may arise from lending or trading operations.
- Recognized for maintaining a high ratio of senior-level involvement in deals, which strengthens client relationships.

## Commitment to Culture and Values
Houlihan Lokey emphasizes:
- **Independent Advice**: Ensuring that client interests are prioritized without conflicting pressures.
- **Ownership**: Approximately 1,000 current and former employees hold about 25% of the company's equity.
- **Continuous Recruitment and Development**: The firm actively seeks to attract top talent and foster a collaborative work environment.

In summary, Houlihan Lokey leverages its deep expertise and entrepreneurial culture to deliver high-quality financial advisory services across its established global footprint.

HOULIHAN LOKEY, INC.

10-K / May 15, 2025

10-K / May 21, 2024

10-K / May 15, 2025

Company Overview: Houlihan Lokey, Inc.

Business Description

Operational Highlights

Financial Performance

Customer Base

Business Segments Contribution

Summary