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Hamilton Lane (HLNE) | Financial Analysis & Statements

Hamilton Lane Inc. | Mid-cap | Financial Services

$150.36

-0.37%

Hamilton Lane vs BlackRock Hamilton Lane vs Brookfield Hamilton Lane vs Invesco Hamilton Lane vs StepStone Hamilton Lane vs Blue Owl Capital Hamilton Lane vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 176.0M

Gross Profit 122.4M 69.59%

Operating Income 77.0M 43.75%

Net Income 77.1M 43.80%

EPS (Diluted) $1.28

Balance Sheet Metrics

Total Assets 1.7B

Total Liabilities 766.5M

Shareholders Equity 923.9M

Debt to Equity 0.83

Cash Flow Metrics

Operating Cash Flow 81.0M

Free Cash Flow 35.8M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Hamilton Lane Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	713.0M	553.8M	528.8M	367.9M	341.6M
Cost of Goods Sold i	208.2M	166.4M	149.3M	108.4M	116.4M
Gross Profit i	504.7M	387.4M	379.4M	259.5M	225.3M
Gross Margin % i	70.8%	70.0%	71.8%	70.5%	65.9%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	188.2M	141.6M	139.4M	90.0M	69.5M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	188.2M	141.6M	139.4M	90.0M	69.5M
Operating Income i	316.6M	245.8M	240.0M	169.6M	155.7M
Operating Margin % i	44.4%	44.4%	45.4%	46.1%	45.6%
Non-Operating Items
Interest Income i	8.1M	10.0M	5.1M	500.0K	1.7M
Interest Expense i	13.3M	11.2M	8.6M	4.6M	2.5M
Other Non-Operating Income	51.0M	37.0M	6.1M	148.2M	38.3M
Pre-tax Income i	362.3M	281.7M	242.6M	313.7M	193.2M
Income Tax i	48.5M	54.5M	55.4M	66.4M	24.4M
Effective Tax Rate % i	13.4%	19.3%	22.8%	21.2%	12.6%
Net Income i	313.8M	227.2M	187.2M	247.3M	168.8M
Net Margin % i	44.0%	41.0%	35.4%	67.2%	49.4%
Key Metrics
EBITDA i	384.9M	301.0M	258.7M	323.8M	199.8M
EPS (Basic) i	$5.45	$3.72	$3.05	$4.02	$2.82
EPS (Diluted) i	$5.41	$3.69	$3.01	$3.98	$2.81
Basic Shares Outstanding i	39922212	37858177	37059654	36511507	33152318
Diluted Shares Outstanding i	39922212	37858177	37059654	36511507	33152318

Income Statement Trend

Hamilton Lane Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	277.3M	114.6M	111.7M	72.2M	87.3M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	181.4M	108.3M	47.1M	51.9M	29.2M
Inventory i	-	-	-	-	-
Other Current Assets	-	-	-	-	-
Total Current Assets i	492.5M	257.3M	182.7M	412.8M	404.2M
Non-Current Assets
Property, Plant & Equipment i	61.4M	62.4M	62.3M	65.6M	64.4M
Goodwill i	-	23.7M	25.4M	-	-
Intangible Assets i	-	4.6M	6.3M	-	-
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	337.8M	272.0M	263.3M	273.8M	271.0M
Total Non-Current Assets i	1.2B	1.0B	957.8M	882.1M	732.3M
Total Assets i	1.7B	1.3B	1.1B	1.3B	1.1B
Liabilities
Current Liabilities
Accounts Payable i	5.5M	4.5M	4.6M	2.8M	2.2M
Short-term Debt i	-	-	-	-	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	293.2M	247.4M	210.0M	223.4M	225.0M
Non-Current Liabilities
Long-term Debt i	368.3M	275.2M	292.4M	253.6M	238.5M
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	56.4M	36.7M	39.8M	60.3M	53.4M
Total Non-Current Liabilities i	473.3M	347.9M	356.3M	334.0M	321.3M
Total Liabilities i	766.5M	595.2M	566.4M	557.5M	546.3M
Equity
Common Stock i	55.0K	55.0K	54.0K	53.0K	53.0K
Retained Earnings i	455.5M	316.7M	243.8M	185.1M	87.5M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	923.9M	676.0M	574.2M	737.5M	590.2M
Key Metrics
Total Debt i	368.3M	275.2M	292.4M	253.6M	238.5M
Working Capital i	199.3M	10.0M	-27.3M	189.4M	179.2M

Balance Sheet Composition

Hamilton Lane Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	313.8M	227.2M	187.2M	247.3M	168.8M
Depreciation & Amortization i	9.3M	8.2M	7.4M	5.5M	4.1M
Stock-Based Compensation i	31.4M	12.1M	10.0M	7.4M	7.1M
Working Capital Changes i	-73.3M	-52.9M	-20.6M	-11.9M	10.4M
Operating Cash Flow i	340.7M	147.6M	221.8M	322.7M	207.3M
Investing Activities
Capital Expenditures i	-12.2M	-11.1M	-4.7M	-8.5M	-18.6M
Acquisitions i	-46.3M	-57.7M	-86.1M	-83.3M	0
Investment Purchases i	-89.8M	-64.2M	-37.0M	-19.0M	-436.4M
Investment Sales i	6.9M	1.3M	292.4M	12.6M	0
Investing Cash Flow i	-142.4M	-139.6M	162.1M	-98.2M	-455.0M
Financing Activities
Share Repurchases i	-5.5M	-3.5M	-280.5M	-3.5M	-6.0M
Dividends Paid i	-119.8M	-109.3M	-135.9M	-97.3M	-74.0M
Debt Issuance i	97.7M	10.0M	71.7M	24.9M	90.0M
Debt Repayment i	-3.8M	-27.5M	-29.5M	-16.8M	-1.4M
Financing Cash Flow i	-22.0M	-12.9M	-351.1M	-130.1M	284.2M
Free Cash Flow i	288.7M	109.8M	221.8M	161.0M	168.5M
Net Change in Cash i	176.4M	-4.9M	32.8M	94.4M	36.5M

Cash Flow Trend

Hamilton Lane Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 28.91

Forward P/E 28.16

Price to Book 8.65

Price to Sales 12.14

PEG Ratio -2.27

Profitability Ratios

Profit Margin 30.66%

Operating Margin 43.75%

Return on Equity 35.08%

Return on Assets 11.97%

Financial Health

Current Ratio 3.70

Debt to Equity 37.92

Beta 1.24

Per Share Data

EPS (TTM) $5.22

Book Value per Share $17.44

Revenue per Share $17.16

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
hlne	8.4B	28.91	8.65	35.08%	30.66%	37.92
BlackRock	175.9B	27.48	3.58	13.92%	29.69%	28.51
Brookfield	103.4B	232.59	2.46	0.95%	0.73%	156.81
Invesco	9.4B	22.58	0.86	5.25%	13.27%	12.59
StepStone	7.2B	106.60	29.77	-12.81%	-17.10%	22.51
Blue Owl Capital	7.3B	9.40	0.94	9.80%	38.29%	120.09

Financial data is updated regularly. All figures are in the company's reporting currency.