Hamilton Lane INC HLNE

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived Nasdaq

We are a global private markets investment solutions provider dedicated to private markets investing. Since our founding in 1991, we have partnered with clients to design, implement and oversee portfolios of private markets funds and direct investments to help them access a diversified set of investment opportunities worldwide. As of March 31, 2026, we had approximately $142 billion of discretionary assets under management ("AUM"), and approximately $905 billion of non-discretionary assets under advisement ("AUA").

Our clients include a broad range of investors from large global institutional investors to private wealth clients. Our clients rely on us for our private markets expertise, industry relationships, differentiated investment access, risk management capabilities, proprietary data advantages and analytical tools to navigate the complexity of private markets investing. While some institutional clients maintain their own internal investment teams, our clients look to us for additional expertise, advice and outsourcing capabilities. We also service a growing number of non-institutional clients from the private wealth channel, including family offices and high-net-worth individuals, who utilize our products and services to gain access to private markets opportunities.

Last close 82.27 2026-10-23
Market cap —
52-week range 71.88 - 155.66

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $759.0M$713.0M$553.8M$528.8M$367.9M$341.6M$274.0M$252.2M$244.0M$179.8M
SG&A —————$49.2M$57.5M$49.0M——
Total operating expenses $434.1M$396.4M$308.0M$288.7M$198.4M$185.9M$157.6M$148.0M$121.1M$103.7M
Interest expense —————$2.0M$2.8M$3.0M$6.0M$14.6M
Pre-tax income $462.9M$362.3M$281.7M$242.6M$313.7M$193.2M$140.7M$129.6M$139.6M$74.8M
Income tax $75.2M$48.5M$54.5M$55.4M$66.4M$24.4M$14.0M$30.6M$33.3M$316.0K
Net income $387.7M$313.8M$227.2M$187.2M$247.2M$98.0M$60.8M$33.6M$17.3M$612.0K
EPS, diluted ————3.982.812.151.40——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $371.9M$283.6M$119.6M$116.6M$76.2M$90.4M$53.2M$51.6M$49.4M$34.1M
Property, plant and equipment $35.0M$37.6M$33.0M$28.4M$28.8M$23.3M$7.4M$8.1M$4.8M$4.1M
Goodwill $9.6M$9.6M$9.6M$9.6M$9.6M$3.9M$3.9M$3.9M$3.9M$1.1M
Other intangibles $1.4M$2.9M$4.6M$6.3M$12.6M$7.9M$8.3M$2.6M$3.0M$400.0K
Total assets $2.30B$1.69B$1.27B$1.14B$1.29B$1.14B$473.5M$360.6M$293.8M$240.6M
Long-term debt $278.4M$290.3M$196.2M$213.5M$171.3M$163.2M$74.7M———
Total liabilities $838.4M$766.5M$595.2M$566.4M$557.5M$546.3M$236.1M$190.9M$157.7M$154.0M
Retained earnings ———————$17.7M$4.5M$612.0K
Total equity $915.2M$717.3M$676.0M$574.2M$461.5M$314.2M$237.4M$110.2M$78.4M$60.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $424.9M$300.8M$120.9M$226.6M$169.5M$188.2M$116.4M$111.6M$96.7M$81.7M
Depreciation and amortisation $9.9M$9.3M$8.2M$7.4M$5.5M$4.1M$3.3M$3.0M$1.9M$1.9M
Stock-based compensation $50.9M$31.4M$12.1M$9.9M$7.4M$7.1M$7.2M$6.4M$5.5M$4.7M
Capital expenditure $5.8M$12.2M$11.1M$4.7M$8.5M$18.6M$2.0M$5.4M$2.3M$1.3M
Investing cash flow -$494.8M-$117.6M-$122.2M$177.9M-$70.5M-$421.8M-$49.9M-$19.2M-$21.8M-$16.7M
Financing cash flow $155.8M-$19.2M$4.4M-$364.1M-$113.2M$270.7M-$64.7M-$90.2M-$59.7M-$101.2M
Dividends paid $87.7M$76.0M$65.4M$72.4M$49.6M$39.7M$29.1M$18.7M$9.5M$0
Buybacks —$2.0K$2.0K$0$1.0K$5.0K$2.0K$2.0K$2.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001433642-26-000034.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 179.8M Net income, FY2016: 612K Revenue, FY2017: 244M Net income, FY2017: 17.3M Revenue, FY2018: 252.2M Net income, FY2018: 33.6M Revenue, FY2019: 274M Net income, FY2019: 60.8M Revenue, FY2020: 341.6M Net income, FY2020: 98M Revenue, FY2021: 367.9M Net income, FY2021: 247.2M Revenue, FY2022: 528.8M Net income, FY2022: 187.2M Revenue, FY2023: 553.8M Net income, FY2023: 227.2M Revenue, FY2024: 713M Net income, FY2024: 313.8M Revenue, FY2025: 759M Net income, FY2025: 387.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $179.8M $244.0M $252.2M $274.0M $341.6M $367.9M $528.8M $553.8M $713.0M $759.0M
Gross profit — — — — — — — — — —
Net income $612.0K $17.3M $33.6M $60.8M $98.0M $247.2M $187.2M $227.2M $313.8M $387.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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