---
schema_version: "secwatch.filing_event.v1"
accession: "0001302215-23-000003"
form_type: "8-K"
ticker: "HLI"
cik: "0001302215"
company_name: "HOULIHAN LOKEY, INC."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:32:54.093582+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Houlihan Lokey Q3 FY2023 revenue $456M, down 49% YoY; diluted EPS $0.90, adjusted $1.14

## Summary
- Revenues $456M vs $889M YoY (-49%); GAAP diluted EPS $0.90 vs $2.54.
- Adjusted diluted EPS $1.14 vs $2.90; adjusted net income $79M vs $198M.
- Corporate Finance revenues $292M (-59% YoY); Financial Restructuring $99M (+11%); FVA $66M (-21%).
- Declared quarterly dividend $0.53 per share for Q4 fiscal 2023.
- CEO noted firm was #1 global M&A advisor by completed deals in 2022 (Refinitiv).

## SEC filing metadata
- accession: 0001302215-23-000003
- form_type: 8-K
- ticker: HLI
- cik: 0001302215
- company_name: HOULIHAN LOKEY, INC.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000003/0001302215-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000003/hli-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001302215-23-000003
- JSON: https://secwatch.observer/filing/0001302215-23-000003.json
- Plain text: https://secwatch.observer/filing/0001302215-23-000003.txt

## Key facts
- Earnings Releases
  HOULIHAN LOKEY, INC. reported third fiscal quarter ended December 31, 2022 results: revenue $456 million, net income $63 million, EPS $0.90 per diluted share.
  - Period: third fiscal quarter ended December 31, 2022
  - Revenue: $456 million
  - Net income: $63 million
  - EPS: $0.90 per diluted share
  - Result: reported results
  source text: For the third quarter ended December 31, 2022, revenues were $456 million, compared with $889 million for the third quarter ended December 31, 2021. Net income was $63 million, or $0.90 per diluted share, for the third quarter ended December 31, 2022, compared with $174 million, or $2.54 per diluted share, for the third quarter ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000003/0001302215-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.