Hamilton Lane Inc. Files Q3 2025 10-Q

TL;DR

HLNE 10-Q filed for Q3 2025. Financials look solid.

AI Summary

Hamilton Lane Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers financial information for the company, which operates in investment advice. Key financial data and operational details for the third quarter of fiscal year 2025 are presented.

Why It Matters

This filing provides investors with a crucial update on Hamilton Lane's financial performance and operational status as of the end of the third quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 2024-12-31 — Fiscal Period End (The report covers financial data up to this date.)
• 2025-02-04 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• Hamilton Lane INC (company) — Filer of the 10-Q
• 110 WASHINGTON STREET (location) — Company's business and mailing address
• CONSHOHOCKEN, PA (location) — Company's business and mailing city and state

FAQ

Key Financial Figures

• $0.001 — which registered Class A Common Stock, $0.001 par value per share HLNE The Nasdaq Sto
• $0 — trant's Class A common stock, par value $0.001, and 13,664,635 shares of the regis

Filing Documents

• hlne-20241231.htm (10-Q) — 1780KB
• exhibit3111231202410q.htm (EX-31.1) — 10KB
• exhibit3121231202410q.htm (EX-31.2) — 10KB
• exhibit3131231202410q.htm (EX-31.3) — 10KB
• exhibit321231202410q.htm (EX-32) — 6KB
• hlne-20241231_g1.jpg (GRAPHIC) — 12KB
• 0001433642-25-000010.txt ( ) — 7938KB
• hlne-20241231.xsd (EX-101.SCH) — 51KB
• hlne-20241231_cal.xml (EX-101.CAL) — 72KB
• hlne-20241231_def.xml (EX-101.DEF) — 309KB
• hlne-20241231_lab.xml (EX-101.LAB) — 594KB
• hlne-20241231_pre.xml (EX-101.PRE) — 455KB
• hlne-20241231_htm.xml (XML) — 1189KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 3 Condensed Consolidated Statements of Income for the three and nine months ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the nine m onths ended December 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 50

Controls and Procedures

Item 4. Controls and Procedures 51

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 52

Risk Factors

Item 1A. Risk Factors 52

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52

Other Information

Item 5. Other Information 52

Exhibits

Item 6. Exhibits 53

Signatures

Signatures 55 This Quarterly Report on Form 10-Q ("Form 10-Q") includes certain information regarding the historical performance of our specialized funds and customized separate accounts. An investment in shares of our Class A common stock is not an investment in our specialized funds or customized separate accounts. In considering the performance information relating to our specialized funds and customized separate accounts contained herein, current and prospective Class A common stockholders should bear in mind that the performance of our specialized funds and customized separate accounts is not indicative of the possible performance of shares of our Class A common stock and is also not necessarily indicative of the future results of our specialized funds or customized separate accounts, even if fund investments were in fact liquidated on the dates indicated, and there can be no assurance that our specialized funds or customized separate accounts will continue to achieve, or that future specialized funds and customized separate accounts will achieve, comparable results. Please note that nothing in this Form 10-Q represents an offer to sell, or a solicitation of an offer to purchase, interests in any of Hamilton Lane's products. We own or have rights to trademarks, service marks or trade names that we use in connection with the operation of our business. In addition, our names, logos and website names and addresses are owned by us or licensed by us. We also own or have the rights to copyrights that protect the content of our solutions. Solely for convenience, the trademarks, service marks, trade names and copyrights referred to in this Form 10-Q are listed without the , and symbols, but we will assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, service marks, trade names and copyrights. This Form 10-Q may include trademarks, service marks or trade names of other companies. Our use or

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Hamilton Lane Incorporated Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except share and per share amounts) December 31, 2024 March 31, 2024 Assets Cash and cash equivalents $ 285,553 $ 114,634 Restricted cash 5,858 4,985 Fees receivable 135,622 108,291 Prepaid expenses 9,446 11,073 Due from related parties 21,339 8,150 Furniture, fixtures and equipment, net 35,937 33,013 Lease right-of-use assets, net 61,436 62,425 Investments 664,275 603,697 Deferred income taxes 255,001 261,887 Other assets 28,076 34,435 Assets of consolidated variable interest entities: Cash and cash equivalents 35,902 — Investments 52,175 28,575 Other assets 408 35 Total assets $ 1,591,028 $ 1,271,200 Liabilities and equity Accounts payable $ 5,250 $ 4,505 Accrued compensation and benefits 77,771 35,979 Accrued members' distributions 14,377 23,815 Accrued dividend 19,464 17,628 Debt 292,024 196,159 Payable to related parties pursuant to tax receivable agreement 200,025 201,422 Lease liabilities 77,842 79,033 Other liabilities (includes $ 12,792 and $ 13,071 at fair value) 41,327 36,700 Liabilities of consolidated variable interest entities: Other liabilities 923 1 Total liabilities $ 729,003 $ 595,242 Commitments and contingencies (Note 15) Class A common stock, $ 0.001 par value, 300,000,000 authorized; 41,774,951 and 40,547,806 issued and outstanding as of December 31, 2024 and March 31, 2024, respectively 42 41 Class B common stock, $ 0.001 par value, 50,000,000 authorized; 13,664,635 issued and outstanding as of each of December 31, 2024 and March 31, 2024 14 14 Additional paid-in-capital 223,956 208,402 Retained earnings 425,245 316,696 Total Hamilton Lane Incorporated stockholders' equity $ 649,257 $ 525,153 Non-controlling interests in general partnerships 5,993 5,043 Non-controlling interests in Hamilton Lane Advisors, L.L.C. 194,711 145,762 Non-controlling interests in consolidated funds 1

View Full Filing

View this 10-Q filing on SEC EDGAR