HLNE Financial Statements

Balance sheet, income statement, cash flow, and dividends for Hamilton Lane Inc (HLNE).


$8.24B Market Cap.

As of 05/30/2025 5:00 PM ET (MRY) • Disclaimer

HLNE Market Cap. (MRY)


HLNE Shares Outstanding (MRY)


HLNE Assets (MRY)


Total Assets

$1.69B

Total Liabilities

$766.46M

Total Investments

$761.05M

HLNE Income (MRY)


Revenue

$712.96M

Net Income

$217.42M

Operating Expense

$396.41M

HLNE Cash Flow (MRY)


CF Operations

$300.82M

CF Investing

-$117.58M

CF Financing

-$19.16M

HLNE Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2025

$1.96

1.30%

10.11%

35.96%

2.78

2024

$1.78

1.60%

11.25%

47.85%

2.09

2023

$1.60

2.20%

14.29%

52.46%

1.91

2022

$1.40

1.80%

12.00%

34.83%

2.87

2021

$1.25

1.40%

-

44.33%

2.26

HLNE Balance Sheet (MRY)


Metric

2025

2024

2023

2022

Total Assets

$1,690,355,000 (32.97%)

$1,271,200,000 (11.46%)

$1,140,543,000 (-11.92%)

$1,294,946,000 (13.94%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$717,281,000 (36.59%)

$525,153,000 (26.41%)

$415,444,000 (19.77%)

$346,878,000 (45.67%)

Property Plant & Equipment Net

$98,999,000 (3.73%)

$95,438,000 (5.16%)

$90,752,000 (-3.94%)

$94,478,000 (7.74%)

Cash & Equivalents

$283,604,000 (137.09%)

$119,619,000 (2.63%)

$116,552,000 (52.96%)

$76,197,000 (-15.69%)

Accumulated Other Comprehensive Income

-$141,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$761,054,000 (20.37%)

$632,272,000 (7.54%)

$587,965,000 (-25.56%)

$789,841,000 (21.58%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$197,628,000 (69.72%)

$116,441,000 (114.34%)

$54,326,000 (1.09%)

$53,741,000 (69.55%)

Trade & Non-Trade Payables

$5,469,000 (21.40%)

$4,505,000 (-1.18%)

$4,559,000 (61.27%)

$2,827,000 (30.10%)

Accumulated Retained Earnings (Deficit)

$455,511,000 (43.83%)

$316,696,000 (29.89%)

$243,823,000 (31.69%)

$185,149,000 (111.57%)

Tax Assets

$308,525,000 (17.81%)

$261,887,000 (11.96%)

$233,912,000 (-4.54%)

$245,046,000 (-2.74%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$368,320,000 (33.84%)

$275,192,000 (-5.87%)

$292,350,000 (15.29%)

$253,570,000 (6.34%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$766,460,000 (28.76%)

$595,242,000 (5.10%)

$566,351,000 (1.59%)

$557,460,000 (2.04%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

HLNE Income Statement (MRY)


Metric

2025

2024

2023

2022

Revenues

$712,963,000 (28.73%)

$553,842,000 (4.74%)

$528,753,000 (43.71%)

$367,919,000 (7.69%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$396,411,000 (28.69%)

$308,024,000 (6.69%)

$288,713,000 (45.55%)

$198,355,000 (6.70%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$396,411,000 (28.69%)

$308,024,000 (6.69%)

$288,713,000 (45.55%)

$198,355,000 (6.70%)

Interest Expense

$13,332,000 (19.30%)

$11,175,000 (29.69%)

$8,617,000 (85.79%)

$4,638,000 (85.30%)

Income Tax Expense

$48,509,000 (-10.92%)

$54,454,000 (-1.75%)

$55,425,000 (-16.56%)

$66,423,000 (172.04%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$313,768,000 (38.10%)

$227,207,000 (21.38%)

$187,185,000 (-24.29%)

$247,253,000 (46.49%)

Net Income to Non-Controlling Interests

$96,351,000 (11.58%)

$86,349,000 (10.61%)

$78,065,000 (-22.91%)

$101,267,000 (43.11%)

Net Income

$217,417,000 (54.35%)

$140,858,000 (29.09%)

$109,120,000 (-25.25%)

$145,986,000 (48.93%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$217,417,000 (54.35%)

$140,858,000 (29.09%)

$109,120,000 (-25.25%)

$145,986,000 (48.93%)

Weighted Average Shares

$55,439,586 (2.65%)

$54,005,799 (0.35%)

$53,817,230 (1.11%)

$53,227,703 (0.89%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$279,258,000 (35.24%)

$206,487,000 (19.24%)

$173,162,000 (-20.22%)

$217,047,000 (73.72%)

Gross Profit

$712,963,000 (28.73%)

$553,842,000 (4.74%)

$528,753,000 (43.71%)

$367,919,000 (7.69%)

Operating Income

$316,552,000 (28.77%)

$245,818,000 (2.41%)

$240,040,000 (41.56%)

$169,564,000 (8.88%)

HLNE Cash Flow Statement (MRY)


Metric

2025

2024

2023

2022

Net Cash Flow from Investing

-$117,576,000 (3.77%)

-$122,184,000 (-168.68%)

$177,912,000 (352.40%)

-$70,487,000 (83.29%)

Net Cash Flow from Financing

-$19,157,000 (-535.49%)

$4,399,000 (101.21%)

-$364,146,000 (-221.64%)

-$113,216,000 (-141.83%)

Net Cash Flow from Operations

$300,820,000 (148.92%)

$120,852,000 (-46.66%)

$226,589,000 (33.66%)

$169,523,000 (-9.90%)

Net Cash Flow / Change in Cash & Cash Equivalents

$163,985,000 (5246.76%)

$3,067,000 (-92.40%)

$40,355,000 (384.59%)

-$14,180,000 (-138.15%)

Net Cash Flow - Business Acquisitions and Disposals

-$35,712,000 (18.04%)

-$43,575,000 (41.24%)

-$74,154,000 (-8.53%)

-$68,326,000 (-76.48%)

Net Cash Flow - Investment Acquisitions and Disposals

-$71,786,000 (-1.33%)

-$70,841,000 (-127.58%)

$256,813,000 (3934.77%)

$6,365,000 (101.75%)

Capital Expenditure

-$12,156,000 (-9.78%)

-$11,073,000 (-133.26%)

-$4,747,000 (44.32%)

-$8,526,000 (54.25%)

Issuance (Repayment) of Debt Securities

$93,908,000 (636.62%)

-$17,500,000 (-141.48%)

$42,186,000 (421.78%)

$8,085,000 (-90.87%)

Issuance (Purchase) of Equity Shares

$245,730,000 (22.61%)

$200,415,000 (362.87%)

$43,298,000 (-40.04%)

$72,207,000 (-84.60%)

Payment of Dividends & Other Cash Distributions

-$75,997,000 (-16.19%)

-$65,406,000 (9.67%)

-$72,409,000 (-45.90%)

-$49,630,000 (-25.09%)

Effect of Exchange Rate Changes on Cash

-$102,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$31,407,000 (158.86%)

$12,133,000 (21.94%)

$9,950,000 (34.39%)

$7,404,000 (4.59%)

Depreciation Amortization & Accretion

$18,292,000 (8.35%)

$16,882,000 (13.28%)

$14,903,000 (-3.13%)

$15,385,000 (33.67%)

HLNE Financial Metrics (MRY)


Metric

2025

2024

2023

2022

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

30.50% (20.08%)

25.40% (23.30%)

20.60% (-48.11%)

39.70% (38.33%)

EBITDA Margin

41.70% (3.47%)

40.30% (13.20%)

35.60% (-43.67%)

63.20% (58.40%)

Return on Average Equity (ROAE)

34.20% (14.77%)

29.80% (7.19%)

27.80% (-40.72%)

46.90% (-2.70%)

Return on Average Assets (ROAA)

14.30% (27.68%)

11.20% (28.74%)

8.70% (-26.27%)

11.80% (-9.92%)

Return on Sales (ROS)

39.20% (5.09%)

37.30% (14.07%)

32.70% (-44.58%)

59.00% (61.20%)

Return on Invested Capital (ROIC)

17.60% (17.33%)

15.00% (22.95%)

12.20% (-21.79%)

15.60% (0.00%)

Dividend Yield

1.30% (-18.75%)

1.60% (-27.27%)

2.20% (22.22%)

1.80% (28.57%)

Price to Earnings Ratio (P/E)

27.28 (-10.01%)

30.31 (24.97%)

24.26 (26.16%)

19.23 (-38.78%)

Price to Sales Ratio (P/S)

11.56 (5.14%)

10.99 (46.02%)

7.53 (-32.66%)

11.18 (-18.24%)

Price to Book Ratio (P/B)

11.49 (-0.91%)

11.6 (21.01%)

9.58 (-19.20%)

11.86 (-39.55%)

Debt to Equity Ratio (D/E)

1.07 (-5.65%)

1.13 (-16.87%)

1.36 (-15.18%)

1.61 (-29.95%)

Earnings Per Share (EPS)

5.45 (46.51%)

3.72 (21.97%)

3.05 (-24.13%)

4.02 (42.55%)

Sales Per Share (SPS)

12.86 (25.40%)

10.26 (4.38%)

9.82 (42.14%)

6.91 (6.75%)

Free Cash Flow Per Share (FCFPS)

5.21 (156.12%)

2.03 (-50.68%)

4.12 (36.26%)

3.02 (-5.85%)

Book Value Per Share (BVPS)

12.94 (33.05%)

9.72 (25.96%)

7.72 (18.46%)

6.52 (44.41%)

Tangible Assets Book Value Per Share (TABVPS)

30.49 (29.54%)

23.54 (11.06%)

21.19 (-12.89%)

24.33 (12.94%)

Enterprise Value Over EBIT (EV/EBIT)

30 (0.00%)

30 (25.00%)

24 (20.00%)

20 (-47.37%)

Enterprise Value Over EBITDA (EV/EBITDA)

27.84 (0.35%)

27.75 (27.05%)

21.84 (19.09%)

18.34 (-47.04%)

Asset Turnover

0.47 (6.59%)

0.44 (4.02%)

0.42 (42.42%)

0.3 (-35.15%)

Current Ratio

-

-

-

-

Dividends

$1.96 (10.11%)

$1.78 (11.25%)

$1.6 (14.29%)

$1.4 (12.00%)

Free Cash Flow (FCF)

$288,664,000 (162.95%)

$109,779,000 (-50.51%)

$221,842,000 (37.79%)

$160,997,000 (-5.03%)

Enterprise Value (EV)

$8,284,756,251 (33.68%)

$6,197,383,895 (50.90%)

$4,106,978,675 (-3.64%)

$4,262,116,165 (-9.78%)

Earnings Before Tax (EBT)

$265,926,000 (36.15%)

$195,312,000 (18.70%)

$164,545,000 (-22.53%)

$212,409,000 (73.48%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$297,550,000 (33.21%)

$223,369,000 (18.77%)

$188,065,000 (-19.09%)

$232,432,000 (70.34%)

Invested Capital

$1,775,071,000 (24.41%)

$1,426,773,000 (8.39%)

$1,316,341,000 (-10.59%)

$1,472,319,000 (14.61%)

Working Capital

-

-

-

-

Tangible Asset Value

$1,690,355,000 (32.97%)

$1,271,200,000 (11.46%)

$1,140,543,000 (-11.92%)

$1,294,946,000 (13.94%)

Market Capitalization

$8,242,203,251 (35.35%)

$6,089,693,895 (52.95%)

$3,981,398,675 (-3.22%)

$4,113,969,165 (-11.95%)

Average Equity

$634,870,250 (34.34%)

$472,597,000 (20.45%)

$392,346,500 (25.92%)

$311,574,000 (53.19%)

Average Assets

$1,519,406,500 (20.62%)

$1,259,693,500 (0.68%)

$1,251,237,500 (1.16%)

$1,236,918,500 (65.64%)

Invested Capital Average

$1,587,582,000 (15.58%)

$1,373,626,750 (-3.08%)

$1,417,298,500 (1.91%)

$1,390,701,250 (74.01%)

Shares

55,439,586 (2.65%)

54,005,799 (0.35%)

53,817,230 (1.11%)

53,227,703 (0.89%)