Hamilton Lane INC

Listed Company

HLNECIK 0001433642NasdaqLarge AcceleratedInvestment AdviceDelawareFY ends Mar 31

Period

FY 2026

Revenue

$758.99M

Net Income

$249.18M

Total Assets

$2.30B

Equity

$915.23M

Shares Out

Op. Cash Flow

$424.92M

Business

Hamilton Lane INC is a global private markets investment solutions provider that advises, structures, manages and monitors portfolios of private markets funds and direct investments for institutional and private wealth clients. It offers customized separate accounts, commingled specialized funds (primary, secondary and direct), advisory services, distribution management, and reporting, monitoring, data and analytics via its proprietary Cobalt LP platform. Key business segments include customized separate accounts, specialized funds, advisory services, distribution management and technology/data offerings. The firm serves clients worldwide through direct institutional relationships, intermediaries, strategic distribution partnerships and its global office network.

Summary from filing dated 2025-05-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Revenues	—	—	—
Total revenues	759	713	554
Expenses	—	—	—
Compensation and benefits	300	274	204
General, administrative and other	134	122	104
Total expenses	434	396	308
Other income (expense)	—	—	—
Equity in income of investees	52	29	35
Interest expense	15	13	11
Interest income	13	8	10
Non-operating gain (loss), net	2	8	−3
Consolidated Funds and Partnerships:	—	—	—
Equity in income of investees	2	2	2
Net gain on investments	84	12	3
Total other income (expense)	138	46	36
Income before income taxes	463	362	282
Income tax expense	75	49	54
Net income	388	314	227
Less: Income attributable to non-controlling interests	139	96	86
Net income attributable to Hamilton Lane Incorporated	249	217	141
Basic earnings per share of Class A common stock (in dollars per share)	5.99	5.45	3.72
Diluted earnings per share of Class A common stock (in dollars per share)	5.92	5.41	3.69
Dividends declared per share of Class A common stock (in dollars per share)	2.16	1.96	1.78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
Assets	—	—
Cash and cash equivalents	364	277
Restricted cash	8	6
Fees receivable	152	181
Prepaid expenses	14	11
Due from related parties	24	16
Furniture, fixtures and equipment, net	35	38
Lease right-of-use assets, net	61	61
Investments	774	664
Deferred income taxes	293	309
Other assets	54	29
Assets of Consolidated Funds and Partnerships:	—	—
Cash and cash equivalents	364	277
Investments	774	664
Other assets	54	29
Total assets	2,305	1,690
Liabilities and equity	—	—
Accounts payable	6	5
Accrued compensation and benefits	84	49
Accrued members’ distributions	27	27
Accrued dividend	23	20
Debt	278	290
Payable to related parties pursuant to tax receivable agreement	235	241
Lease liabilities	78	78
Other liabilities	51	56
Liabilities of Consolidated Funds and Partnerships:	—	—
Subscriptions in advance	56	0
Other liabilities	51	56
Total liabilities	838	766
Commitments and contingencies (Note 16)	—	—
Common stock	56,000	55,000
Additional paid-in-capital	299	262
Accumulated other comprehensive income (loss)	1	−141,000
Retained earnings	615	456
Total Hamilton Lane Incorporated stockholders’ equity	915	717
Non-controlling interests	331	30
Total equity	1,467	924
Total liabilities and equity	2,305	1,690

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Operating activities:	—	—	—
Net income	388	314	227
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation and amortization	10	9	8
Change in deferred income taxes	−28	−12	−17
Change in payable to related parties pursuant to tax receivable agreement	−4	2	318,000
Equity-based compensation	51	31	12
Equity‑based consideration payable to customer	281,000	0	0
Equity in income of investees	52	29	35
Net realized (gain) loss on sale of investments	0	654,000	−288,000
Net gain on investments	413,000	10	−333,000
Proceeds received from Funds	35	47	28
Non-cash lease expense	10	9	9
Other	3	1	706,000
Changes in operating assets and liabilities:	—	—	—
Fees receivable	−30	73	61
Prepaid expenses	3	185,000	1
Due from related parties	8	8	528,000
Other assets	608,000	−39,000	−15
Accounts payable	190,000	964,000	−54,000
Accrued compensation and benefits	36	13	12
Lease liability	−10	−9	−9
Other liabilities	−7	19	3
Consolidated Funds and Partnerships:	—	—	—
Cash relinquished from deconsolidation of fund	0	12	102
Net gain on investments	413,000	10	−333,000
Equity in income of investees	2	2	2
Change in other assets and liabilities	−4	3	426,000
Net cash provided by operating activities	425	301	121
Investing activities:	—	—	—
Purchase of furniture, fixtures and equipment	6	12	11
Purchase of investments	15	13	14
Proceeds from sale of investments	0	7	1
Net proceeds from sale of Consolidated Fund	22	0	0
Proceeds from sale of intangible assets	0	2	3
Distributions received from Funds	12	23	14
Contributions to Funds	97	58	58
Purchase of investments	15	13	14
Distributions received from investments	23	0	0
Cash from consolidating funds	0	12	0
Net cash used in investing activities	−495	−118	−122
Financing activities:	—	—	—
Proceeds from offering	55	248	202
Purchase of membership interests	55	248	202
Borrowings of debt, net of deferred financing costs	0	98	0
Repayments of long term debt	13	4	3
Draw-down of revolver	0	0	10
Repayment of revolver	0	0	25
Repurchase of Class B common stock	20	2,000	2,000
Repurchase of Class A common stock for employee tax withholding	5	5	4
Proceeds received from issuance of shares under Employee Share Purchase Plan	3	3	2
Payments to related parties pursuant to the tax receivable agreement	12	12	11
Dividends paid	88	76	65
Members’ distributions paid	54	44	44
Consolidated Funds and Partnerships:	—	—	—
Contributions from non-controlling interests in Consolidated Funds and Partnerships	344	22	144
Distributions to non-controlling interests in Consolidated Funds and Partnerships	588,000	219,000	138,000
Net cash provided by (used in) financing activities	156	−19	4
Effect of exchange rate changes on cash and cash equivalents	2	−102,000	0
Increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships	88	164	3
Total cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships	—	—	—
Total cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships	—	—	—
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash and Cash Equivalents Held at Consolidated Funds and Partnerships to the Consolidated Balance Sheets:	—	—	—
Cash and cash equivalents	—	—	—
Restricted cash	—	—	—
Total cash and cash equivalents, restricted cash, and cash and cash equivalents held at Consolidated Funds and Partnerships	—	—	—

Filings

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