Cash flow Hamilton Lane Incorporated

Equities

HLNE

US4074971064

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 16:08:33 12/02/2026 GMT			5-day change	1st Jan Change
124.52 ^USD	-2.54%		-4.08%	-5.93%

02:53pm	STBL Announces Strategic Partnership with Hamilton Lane and Securitize to Launch RWA-Backed Stablecoin on X Layer	CI
02-04	Oppenheimer Adjusts Hamilton Lane Price Target to $230 From $220, Maintains Outperform Rating	MT

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Published financial data: HAMILTON LANE INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	342M	368M	529M	554M	713M
Total Revenues	342M	368M	529M	554M	713M
Cost of Goods Sold, Total	136M	129M	198M	204M	274M
Gross Profit	205M	239M	330M	350M	438M
Selling General & Admin Expenses, Total	49.59M	69.19M	90.3M	104M	122M
Other Operating Expenses, Total	49.59M	69.19M	90.3M	104M	122M
Operating Income	156M	170M	240M	246M	317M
Interest Expense, Total	-2.5M	-4.64M	-8.62M	-11.18M	-13.33M
Interest And Investment Income	1.68M	500K	5.11M	10.01M	8.08M
Net Interest Expenses	-827K	-4.14M	-3.5M	-1.17M	-5.25M
Income (Loss) On Equity Invest.	30.27M	79.3M	6.54M	36.49M	30.63M
Other Non Operating Income (Expenses)	-5.48M	7.08M	-23.92M	-2.36M	-2.37M
EBT, Excl. Unusual Items	180M	252M	219M	279M	340M
Gain (Loss) On Sale Of Investments	13.51M	57.55M	23.45M	2.88M	22.72M
Other Unusual Items	-	4.32M	-	-	-
EBT, Incl. Unusual Items	193M	314M	243M	282M	362M
Income Tax Expense	24.42M	66.42M	55.42M	54.45M	48.51M
Earnings From Continuing Operations	169M	247M	187M	227M	314M
Net Income to Company	169M	247M	187M	227M	314M
Minority Interest	-70.76M	-101M	-78.06M	-86.35M	-96.35M
Net Income - (IS)	98.02M	146M	109M	141M	217M
Preferred Dividend and Other Adjustments	4.64M	-951K	-3.81M	-	-
Net Income to Common Incl Extra Items	93.38M	147M	113M	141M	217M
Net Income to Common Excl. Extra Items	93.38M	147M	113M	141M	217M
Per Share Items
Net EPS - Basic	2.82	4.02	3.05	3.72	5.45
Basic EPS - Continuing Operations	2.82	4.02	3.05	3.72	5.45
Basic Weighted Average Shares Outstanding	33.15M	36.51M	37.06M	37.86M	39.92M
Net EPS - Diluted	2.81	3.98	3.01	3.69	5.41
Diluted EPS - Continuing Operations	2.81	3.98	3.01	3.69	5.41
Diluted Weighted Average Shares Outstanding	33.36M	53.67M	53.7M	53.9M	40.31M
Normalized Basic EPS	1.25	1.54	1.59	2.32	2.9
Normalized Diluted EPS	1.25	1.05	1.1	1.63	2.87
Dividend Per Share	1.25	1.4	1.6	1.78	1.96
Payout Ratio	75.54	66.68	124.5	77.58	55.1
Supplemental Items
EBITDA	160M	175M	247M	254M	326M
EBITA	157M	172M	242M	248M	318M
EBIT	156M	170M	240M	246M	317M
EBITDAR	166M	186M	257M	264M	337M
Total Revenues (As Reported)	342M	368M	529M	554M	713M
Effective Tax Rate - (Ratio)	12.64	21.18	22.85	19.33	13.39
Current Domestic Taxes	16.63M	41.88M	33.9M	35.95M	33.39M
Current Foreign Taxes	756K	597K	1.07M	1.81M	3.04M
Total Current Taxes	17.39M	42.48M	34.97M	37.76M	36.43M
Deferred Domestic Taxes	7.03M	23.84M	19.77M	16.7M	12.38M
Deferred Foreign Taxes	-7K	104K	686K	-7K	-303K
Total Deferred Taxes	7.03M	23.94M	20.45M	16.7M	12.08M
Normalized Net Income	41.54M	56.11M	58.91M	87.89M	116M
Supplemental Operating Expense Items
General and Administrative Expenses	49.59M	69.19M	90.3M	104M	122M
Net Rental Expense, Total	6.08M	10.87M	9.42M	10.41M	11.24M
Imputed Operating Lease Interest Expense	753K	1.54M	2.26M	3.13M	3.58M
Imputed Operating Lease Depreciation	5.33M	9.33M	7.16M	7.28M	7.65M
Stock-Based Comp., COGS (Total)	7.08M	7.4M	9.95M	12.13M	31.41M
Total Stock-Based Compensation	7.08M	7.4M	9.95M	12.13M	31.41M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	87.02M	72.14M	99.69M	115M	229M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	87.02M	72.14M	99.69M	115M	229M
Accounts Receivable, Total	29.2M	51.87M	47.14M	108M	181M
Other Receivables	2.5M	1.87M	7.19M	8.15M	16.22M
Notes Receivable	-	-	-	-	-
Total Receivables	31.7M	53.74M	54.33M	116M	198M
Prepaid Expenses	6.14M	6.86M	9.82M	11.07M	11.26M
Restricted Cash	3.04M	4.02M	4.8M	4.98M	6.33M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	128M	137M	169M	247M	444M
Gross Property Plant And Equipment	97.76M	102M	103M	114M	124M
Accumulated Depreciation	-10.06M	-7.24M	-12.21M	-18.26M	-25.21M
Net Property Plant And Equipment	87.69M	94.48M	90.75M	95.44M	99M
Long-term Investments	369M	504M	531M	604M	664M
Goodwill	3.94M	9.57M	9.57M	9.57M	9.57M
Other Intangibles, Total	7.92M	12.57M	6.28M	4.58M	2.88M
Loans Receivable Long-Term	-	-	-	-	9.66M
Deferred Tax Assets Long-Term	252M	245M	234M	262M	309M
Deferred Charges Long-Term	964K	1.03M	-	-	-
Other Long-Term Assets, Total	287M	292M	100M	48.9M	152M
Total Assets	1.14B	1.29B	1.14B	1.27B	1.69B
Liabilities
Accounts Payable, Total	2.17M	2.83M	4.56M	4.5M	5.47M
Accrued Expenses, Total	29.74M	20.87M	24.19M	35.98M	48.56M
Short-term Borrowings	15M	-	15M	-	-
Current Portion of Leases	6.19M	7.95M	7.77M	8.83M	9.21M
Other Current Liabilities	28.08M	40.07M	30.77M	41.44M	47.04M
Total Current Liabilities	81.18M	71.71M	82.29M	90.76M	110M
Long-Term Debt	148M	185M	213M	209M	302M
Long-Term Leases	69.09M	74.29M	71.05M	70.2M	68.81M
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	248M	226M	200M	225M	285M
Total Liabilities	546M	557M	566M	595M	766M
Common Stock, Total	53K	53K	54K	55K	55K
Additional Paid In Capital	151M	162M	172M	208M	262M
Retained Earnings	87.51M	185M	244M	317M	456M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-	-	-	-	-141K
Total Common Equity	238M	347M	415M	525M	717M
Minority Interest	352M	391M	159M	151M	207M
Total Equity	590M	737M	574M	676M	924M
Total Liabilities And Equity	1.14B	1.29B	1.14B	1.27B	1.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.29M	37.29M	38.59M	40.53M	41.37M
ECS Total Common Shares Outstanding	36.29M	37.28M	38.61M	40.55M	43.5M
Book Value / Share	6.56	9.3	10.76	12.95	16.49
Tangible Book Value	226M	325M	400M	511M	705M
Tangible Book Value Per Share	6.23	8.71	10.35	12.6	16.2
Total Debt	238M	267M	307M	288M	381M
Net Debt	151M	195M	207M	174M	151M
Debt Equivalent Oper. Leases	48.63M	86.97M	75.34M	83.31M	89.89M
Minority Interest, Total (Incl. Fin. Div)	352M	391M	159M	151M	207M
Equity Method Investments, Total	242M	328M	341M	410M	454M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	10.68M	14.11M	17.38M	22.91M	29.48M
Full Time Employees	450	530	600	700	760

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	98.02M	146M	109M	141M	217M
Depreciation & Amortization - CF	2.73M	2.99M	5.17M	6.48M	7.58M
Amortization of Goodwill and Intangible Assets - (CF)	1.4M	2.5M	2.28M	1.7M	1.7M
Depreciation & Amortization, Total	4.13M	5.5M	7.44M	8.19M	9.28M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	2.77M	-	-
(Gain) Loss on Sale of Investments - (CF)	-8.37M	-63.91M	10.33M	-785K	-21.65M
(Income) Loss On Equity Investments - (CF)	-30.27M	-79.3M	-6.54M	-36.49M	-30.63M
Stock-Based Compensation (CF)	7.08M	7.4M	9.95M	12.13M	31.41M
Other Operating Activities, Total	88.42M	176M	113M	39.31M	156M
Change In Accounts Receivable	1.18M	-22.67M	4.73M	-61.15M	-73.12M
Change In Accounts Payable	205K	654K	1.73M	-54K	964K
Change in Unearned Revenues	-3.7M	-	-	-	-
Change in Other Net Operating Assets	31.46M	84K	-25.94M	18.85M	11.3M
Cash from Operations	188M	170M	227M	121M	301M
Capital Expenditure	-18.64M	-8.53M	-4.75M	-11.07M	-12.16M
Cash Acquisitions	-	-10.1M	-1.5M	-	-
Sale (Purchase) of Intangible assets	-1M	-	-	3.3M	2.08M
Investment in Marketable and Equity Securities, Total	-126M	-51.86M	-93.67M	-106M	-119M
Other Investing Activities, Total	-276M	-	278M	-8M	11.1M
Cash from Investing	-422M	-70.49M	178M	-122M	-118M
Long-Term Debt Issued, Total	90M	25M	71.68M	10M	97.66M
Total Debt Issued	90M	25M	71.68M	10M	97.66M
Long-Term Debt Repaid, Total	-1.41M	-16.84M	-29.5M	-27.5M	-3.75M
Total Debt Repaid	-1.41M	-16.84M	-29.5M	-27.5M	-3.75M
Issuance of Common Stock	475M	75.69M	64.61M	204M	251M
Repurchase of Common Stock	-6.02M	-3.49M	-2.32M	-3.51M	-5.47M
Common Dividends Paid	-74.04M	-97.34M	-136M	-109M	-120M
Common & Preferred Stock Dividends Paid	-74.04M	-97.34M	-136M	-109M	-120M
Other Financing Activities, Total	-213M	-96.24M	-333M	-69.24M	-239M
Cash from Financing	271M	-113M	-364M	4.4M	-19.16M
Foreign Exchange Rate Adjustments	130K	-	-	-	-102K
Net Change in Cash	37.17M	-14.18M	40.36M	3.07M	164M
Supplemental Items
Cash Interest Paid	1.99M	4.59M	8.47M	11.05M	10.4M
Cash Income Tax Paid (Refund)	6.33M	33.68M	50.88M	39.76M	27.04M
Levered Free Cash Flow	122M	87.48M	147M	118M	157M
Unlevered Free Cash Flow	124M	90.38M	152M	125M	165M
Change In Net Working Capital	-35.12M	19.97M	10.7M	41.15M	63.58M
Net Debt Issued / Repaid	88.59M	8.16M	42.19M	-17.5M	93.91M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.09	8.72	12.32	12.74	13.36
Return on Total Capital	16.92	11.45	15.91	16.65	17.44
Return On Equity %	40.79	37.25	28.54	36.35	39.22
Return on Common Equity	47.53	50.23	29.63	29.95	35
Margin Analysis
Gross Profit Margin %	60.1	64.89	62.48	63.17	61.5
SG&A Margin	14.51	18.81	17.08	18.78	17.1
EBITDA Margin %	46.79	47.58	46.8	45.86	45.7
EBITA Margin %	45.99	46.77	45.83	44.69	44.64
EBIT Margin %	45.58	46.09	45.4	44.38	44.4
Income From Continuing Operations Margin %	49.4	67.2	35.4	41.02	44.01
Net Income Margin %	28.69	39.68	20.64	25.43	30.49
Net Avail. For Common Margin %	27.33	39.94	21.36	25.43	30.49
Normalized Net Income Margin	12.16	15.25	11.14	15.87	16.25
Levered Free Cash Flow Margin	35.84	23.78	27.72	21.32	21.96
Unlevered Free Cash Flow Margin	36.3	24.57	28.74	22.58	23.13
Asset Turnover
Asset Turnover	0.42	0.3	0.43	0.46	0.48
Fixed Assets Turnover	6.53	4.04	5.71	5.95	7.33
Receivables Turnover (Average Receivables)	11.47	9.08	10.68	7.13	4.92
Short Term Liquidity
Current Ratio	1.58	1.91	2.05	2.72	4.03
Quick Ratio	1.46	1.76	1.87	2.55	3.87
Operating Cash Flow to Current Liabilities	2.32	2.36	2.75	1.33	2.73
Days Sales Outstanding (Average Receivables)	31.83	40.21	34.17	51.36	74.16
Average Days Payable Outstanding	5.54	7.06	6.79	8.13	6.63
Long Term Solvency
Total Debt/Equity	40.4	36.26	53.39	42.65	41.19
Total Debt / Total Capital	28.78	26.61	34.81	29.9	29.17
LT Debt/Equity	36.81	35.18	49.43	41.34	40.19
Long-Term Debt / Total Capital	26.22	25.82	32.22	28.98	28.46
Total Liabilities / Total Assets	48.07	43.05	49.66	46.83	45.34
EBIT / Interest Expense	62.22	36.56	27.86	22	23.74
EBITDA / Interest Expense	66.3	40.09	29.81	23.66	25.28
(EBITDA - Capex) / Interest Expense	58.85	38.25	29.26	22.67	24.37
Total Debt / EBITDA	1.44	1.44	1.19	1.09	1.13
Net Debt / EBITDA	0.91	1.05	0.81	0.66	0.45
Total Debt / (EBITDA - Capex)	1.62	1.51	1.22	1.14	1.17
Net Debt / (EBITDA - Capex)	1.03	1.1	0.82	0.69	0.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.66	7.69	43.71	4.74	28.73
Gross Profit, 1 Yr. Growth %	18.06	16.29	38.36	5.9	25.33
EBITDA, 1 Yr. Growth %	33.53	9.51	41.37	2.63	28.28
EBITA, 1 Yr. Growth %	34.26	9.51	40.83	2.15	28.58
EBIT, 1 Yr. Growth %	33.75	8.88	41.56	2.41	28.77
Earnings From Cont. Operations, 1 Yr. Growth %	33.14	46.49	-24.29	21.38	38.1
Net Income, 1 Yr. Growth %	61.15	48.93	-25.25	29.09	54.35
Normalized Net Income, 1 Yr. Growth %	125.4	35.07	-31.98	57.15	31.41
Diluted EPS Before Extra, 1 Yr. Growth %	30.44	41.91	-24.36	22.67	46.35
Accounts Receivable, 1 Yr. Growth %	-3.89	77.62	-9.12	129.72	67.52
Net Property, Plant and Equip., 1 Yr. Growth %	416.47	7.74	-3.94	5.16	3.73
Total Assets, 1 Yr. Growth %	140.01	13.94	-11.92	11.46	32.97
Tangible Book Value, 1 Yr. Growth %	58.76	43.53	23.05	27.88	37.93
Common Equity, 1 Yr. Growth %	53.84	45.67	19.77	26.41	36.59
Cash From Operations, 1 Yr. Growth %	61.69	-9.9	33.66	-46.66	148.92
Capital Expenditures, 1 Yr. Growth %	842.21	-54.25	-44.32	133.26	9.78
Levered Free Cash Flow, 1 Yr. Growth %	139.27	-28.56	63.58	-19.46	32.61
Unlevered Free Cash Flow, 1 Yr. Growth %	134.27	-27.13	64.28	-17.72	31.86
Dividend Per Share, 1 Yr. Growth %	13.64	12	14.29	11.25	10.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.39	15.87	24.41	22.69	16.12
Gross Profit, 2 Yr. CAGR %	13.89	17.17	26.84	21.05	15.21
EBITDA, 2 Yr. CAGR %	19.57	20.92	24.42	20.46	14.74
EBITA, 2 Yr. CAGR %	19.64	21.25	24.18	19.94	14.6
EBIT, 2 Yr. CAGR %	19.35	20.68	24.15	20.4	14.84
Earnings From Cont. Operations, 2 Yr. CAGR %	30.57	39.65	5.31	-4.14	29.47
Net Income, 2 Yr. CAGR %	70.87	54.92	5.51	-1.77	41.15
Normalized Net Income, 2 Yr. CAGR %	87.83	74.48	13.87	2.41	52.26
Diluted EPS Before Extra, 2 Yr. CAGR %	41.76	36.05	3.61	-3.67	33.99
Accounts Receivable, 2 Yr. CAGR %	19.88	30.66	27.05	44.49	96.17
Net Property, Plant and Equip., 2 Yr. CAGR %	228.87	135.89	1.73	0.51	4.44
Total Assets, 2 Yr. CAGR %	77.53	65.37	0.18	-0.92	21.74
Tangible Book Value, 2 Yr. CAGR %	47.7	50.95	32.89	25.44	32.81
Common Equity, 2 Yr. CAGR %	46.98	49.7	32.08	23.04	31.4
Cash From Operations, 2 Yr. CAGR %	29.83	20.69	9.74	-15.57	15.22
Capital Expenditures, 2 Yr. CAGR %	86.36	107.62	-49.53	13.96	60.02
Levered Free Cash Flow, 2 Yr. CAGR %	27.87	30.74	9.41	14.78	3.34
Unlevered Free Cash Flow, 2 Yr. CAGR %	27.08	30.66	10.7	16.26	4.16
Dividend Per Share, 2 Yr. CAGR %	21.27	12.82	13.14	12.76	10.68
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.87	13.42	24.49	17.47	24.67
Gross Profit, 3 Yr. CAGR %	7.65	14.68	23.85	19.44	22.46
EBITDA, 3 Yr. CAGR %	7.62	16.11	27.39	16.69	23.01
EBITA, 3 Yr. CAGR %	7.45	16.16	27.45	16.35	22.75
EBIT, 3 Yr. CAGR %	7.22	15.75	27.27	16.43	23.13
Earnings From Cont. Operations, 3 Yr. CAGR %	16.66	35.68	13.87	10.42	8.27
Net Income, 3 Yr. CAGR %	78.14	63.22	21.51	12.85	14.2
Normalized Net Income, 3 Yr. CAGR %	356.35	68.28	47.3	24.6	11.4
Diluted EPS Before Extra, 3 Yr. CAGR %	44.4	41.81	11.87	9.61	10.74
Accounts Receivable, 3 Yr. CAGR %	25.08	36.67	15.77	54.78	51.79
Net Property, Plant and Equip., 3 Yr. CAGR %	163.7	126.71	74.84	2.86	1.57
Total Assets, 3 Yr. CAGR %	56.98	53.14	34.05	3.8	9.29
Tangible Book Value, 3 Yr. CAGR %	46.84	46.29	41.01	31.2	29.47
Common Equity, 3 Yr. CAGR %	44.81	46.54	38.97	30.16	27.4
Cash From Operations, 3 Yr. CAGR %	24.85	14.95	24.87	-13.72	21.07
Capital Expenditures, 3 Yr. CAGR %	102.21	16.69	33.88	-15.93	12.55
Levered Free Cash Flow, 3 Yr. CAGR %	7.55	5.31	42.01	-1.21	20.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.26	5.58	42.12	0.27	21.24
Dividend Per Share, 3 Yr. CAGR %	21.32	18.1	13.3	12.5	11.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.57	15.39	16.72	17.04	21.07
Gross Profit, 5 Yr. CAGR %	18.27	17.26	14.95	17.19	20.32
EBITDA, 5 Yr. CAGR %	20.14	17.54	14.05	17.83	22.17
EBITA, 5 Yr. CAGR %	20.47	17.69	13.85	17.66	22.15
EBIT, 5 Yr. CAGR %	20.29	17.37	13.69	17.59	22.15
Earnings From Cont. Operations, 5 Yr. CAGR %	24.76	27.14	11.98	18.08	19.87
Net Income, 5 Yr. CAGR %	-	198.89	44.47	33.22	29.02
Normalized Net Income, 5 Yr. CAGR %	11.8	15.67	166.64	49.48	44.44
Diluted EPS Before Extra, 5 Yr. CAGR %	-	159.47	26.44	21.48	20.24
Accounts Receivable, 5 Yr. CAGR %	19.81	33.76	25.86	39.74	42.96
Net Property, Plant and Equip., 5 Yr. CAGR %	80.22	87.63	80.16	63.74	42.28
Total Assets, 5 Yr. CAGR %	42.03	40.02	31.16	28.66	28.98
Tangible Book Value, 5 Yr. CAGR %	12.62	40.85	41.09	37.57	37.67
Common Equity, 5 Yr. CAGR %	14.07	42.02	39.58	36.65	35.89
Cash From Operations, 5 Yr. CAGR %	11.5	15.72	18.57	1.6	20.92
Capital Expenditures, 5 Yr. CAGR %	82.48	46.23	16.06	15.59	43.78
Levered Free Cash Flow, 5 Yr. CAGR %	23.35	17.89	8.29	9.53	25.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.15	15.4	8.62	10.24	25.51
Dividend Per Share, 5 Yr. CAGR %	-	-	17.98	15.93	12.25