Hamilton Lane (HLNE) Financials

$140.87 +3.66 (+2.67%)

Closing price 04/14/2025 04:00 PM Eastern

Extended Trading

$141.40 +0.53 (+0.38%)

As of 07:50 AM 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	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.61	17	34	61	98	146	109	141
Consolidated Net Income / (Loss)	56	74	106	99	127	169	247	187	227
Net Income / (Loss) Continuing Operations	56	74	106	99	127	169	247	184	223
Total Pre-Tax Income	57	75	140	130	141	193	314	243	282
Total Operating Income	62	76	123	104	116	156	170	240	246
Total Gross Profit	89	108	161	153	174	205	239	330	350
Total Revenue	181	180	244	252	274	342	368	529	554
Operating Revenue	181	180	244	252	274	342	368	529	554
Total Cost of Revenue	92	72	83	99	100	136	129	198	204
Operating Cost of Revenue	92	72	83	99	100	136	129	198	204
Total Operating Expenses	27	32	38	49	57	50	69	90	104
Selling, General & Admin Expense	27	32	38	49	57	50	69	90	104
Total Other Income / (Expense), net	-5.11	-1.36	17	25	24	37	144	-0.76	36
Interest Expense	13	15	5.99	3.04	2.82	2.50	4.64	8.62	11
Interest & Investment Income	1.71	13	18	7.71	21	34	79	6.88	40
Other Income / (Expense), net	5.82	0.08	5.04	21	5.69	5.91	69	0.99	2.12
Income Tax Expense	0.87	0.32	33	31	14	24	66	55	54
Net Income / (Loss) Attributable to Noncontrolling Interest	56	74	89	65	66	71	101	78	86
Basic Earnings per Share	$0.00	$0.03	$0.94	$1.41	$2.17	$2.82	$4.02	$3.05	$3.72
Weighted Average Basic Shares Outstanding	-	-	48.83M	50.88M	51.89M	53.03M	53.24M	54.00M	54.19M
Diluted Earnings per Share	$0.00	$0.03	$0.93	$1.40	$2.15	$2.81	$3.98	$3.01	$3.69
Weighted Average Diluted Shares Outstanding	-	-	48.83M	50.88M	51.89M	53.03M	53.24M	54.00M	54.19M
Weighted Average Basic & Diluted Shares Outstanding	-	-	48.83M	50.88M	51.89M	53.03M	53.24M	54.00M	54.19M
Cash Dividends to Common per Share	$0.00	$0.00	$0.70	$0.85	$1.10	$1.25	$1.40	$1.60	$1.78

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

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

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

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

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

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

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

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

Frequently Asked Questions About Hamilton Lane's Financials

When does Hamilton Lane's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Hamilton Lane (HLNE) Financials

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Hamilton Lane (HLNE) Financials

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