Hamilton Lane Incorporated
Financial ServicesNASDAQ:HLNE · NASDAQ Global Select
+$1.36 today
Vol 0.91M · Avg 0.90M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$759.0M of revenue converted into $249.2M of net income for the selected period. Gross margin is 69.9% and net margin is 32.8%, showing how much revenue survives after costs and taxes. EPS is $5.91, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $759.0M +6.5% | $713.0M +28.7% | $553.8M +4.7% | $528.8M +43.7% | $367.9M | $1.0B | $809.6M | $921.6M |
| Cost of Revenue | $228.6M +9.8% | $208.2M +25.1% | $166.4M +11.4% | $149.3M +37.8% | $108.4M | $344.8M | $725.6M | $804.0M |
| Gross Profit | $530.4M +5.1% | $504.7M +30.3% | $387.4M +2.1% | $379.4M +46.2% | $259.5M | $10.3B | $8.9B | $7.6B |
| Gross Margin | 69.9% -0.9pp | 70.8% +0.8pp | 70.0% -1.8pp | 71.8% +1.2pp | 70.5% | 45.5% | 9.8% | 28.9% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $378.4M | $983.2M | $1.3B |
| Selling, General & Admin | $205.4M +9.2% | $188.2M +32.9% | $141.6M +1.6% | $139.4M +55.0% | $90.0M | $1.4B | $620.6M | $923.0M |
| Operating Expenses | $205.4M +9.2% | $188.2M +32.9% | $141.6M +1.6% | $139.4M +55.0% | $90.0M | $3.6B | $5.3B | $7.0B |
| Depreciation & Amortization | $9.9M +6.4% | $9.3M +13.4% | $8.2M +10.0% | $7.4M +35.5% | $5.5M | $1.2B | $374.2M | $1.2B |
| EBITDA | $487.8M +26.7% | $384.9M +27.9% | $301.0M +16.4% | $258.7M -20.1% | $323.8M | $12.6B | -$15.2B | $6.8B |
| EBITDA Margin | 64.3% +10.3pp | 54.0% -0.4pp | 54.4% +5.4pp | 48.9% -39.1pp | 88.0% | 10.0% | 5.6% | 46.3% |
| Operating Income | $324.9M +2.7% | $316.6M +28.8% | $245.8M +2.4% | $240.0M +41.6% | $169.6M | $10.6B | $12.3B | $14.0B |
| Operating Margin | 42.8% -1.6pp | 44.4% +0.0pp | 44.4% -1.0pp | 45.4% -0.7pp | 46.1% | 18.7% | 16.6% | 24.1% |
| Interest Income | $13.3M +64.4% | $8.1M -19.3% | $10.0M +95.7% | $5.1M +922.8% | $500.0K | $1.3B | -$1.5B | -$1.6B |
| Interest Expense | $15.0M +12.2% | $13.3M +19.3% | $11.2M +29.7% | $8.6M +86.0% | $4.6M | $969.2M | $1.1B | $1.0B |
| Other Income / Expenses | $138.0M +201.8% | $45.7M +27.6% | $35.8M +1294.7% | $2.6M -98.2% | $144.1M | -$1.6B | -$1.5B | $1.4B |
| Income Before Tax | $462.9M +27.8% | $362.3M +28.6% | $281.7M +16.1% | $242.6M -22.7% | $313.7M | -$15.6B | $3.3B | $4.9B |
| Pre-Tax Margin | 61.0% +10.2pp | 50.8% -0.0pp | 50.9% +5.0pp | 45.9% -39.4pp | 85.3% | 13.3% | 20.8% | 18.7% |
| Income Tax Expense | $75.2M +55.0% | $48.5M -10.9% | $54.5M -1.8% | $55.4M -16.6% | $66.4M | $666.8M | $1.3B | -$1.6B |
| Net Income | $249.2M +14.6% | $217.4M +54.4% | $140.9M +29.1% | $109.1M -25.3% | $146.0M | $5.0B | $4.9B | $4.8B |
| Net Margin | 32.8% +2.3pp | 30.5% +5.1pp | 25.4% +4.8pp | 20.6% -19.0pp | 39.7% | 7.4% | 12.4% | 17.5% |
| EPS (Basic) | $6 +9.9% | $5 +46.5% | $4 +22.0% | $3 -24.1% | $4 | $1.2B | $400.8M | $703.2M |
| EPS (Diluted) | $6 +9.4% | $5 +46.6% | $4 +22.6% | $3 -24.4% | $4 | $620.6M | $766.2M | $609.4M |
| Weighted Avg Shares | $37.1M -7.6% | $40.2M +6.1% | $37.9M +2.2% | $37.1M +1.5% | $36.5M | $892.2M | $757.8M | $925.8M |
| Weighted Avg Shares (Diluted) | $54.5M +14.2% | $47.7M -11.4% | $53.9M +0.4% | $53.7M +0.0% | $53.7M | $319.6M | $1.2B | $924.4M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
FirstCash Holdings, Inc
NASDAQ:FCFS
$9.86B
Affiliated Managers Group, Inc.
NYSE:AMG
$9.36B
Janus Henderson Group plc
NYSE:JHG
$7.98B
Pinnacle Financial Partners, Inc.
NYSE:PNFP
$7.41B
StepStone Group Inc.
NASDAQ:STEP
$5.59B
Blue Owl Capital Corporation
NYSE:OBDC
$5.55B
Blue Owl Technology Finance Corp.
NYSE:OTF
$5.17B
Main Street Capital Corporation
NYSE:MAIN
$4.84B
Atlas Corp.
ATCO
$4.45B
Prospect Capital Corporation
NASDAQ:PSEC
$1.16B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does HLNE generate?
Hamilton Lane Incorporated (HLNE) reported $758.99M of revenue in fiscal 2026.
Is HLNE profitable?
Hamilton Lane Incorporated (HLNE) reported $249.18M of net income, with a net margin of 32.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.