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HLNE logoHamilton Lane Incorporated(HLNE)Earnings, Financials & Key Ratios

HLNE•NASDAQ•Banking & Credit
$92.41
$4.41B mkt cap·17.1× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative asset managers
AboutHamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies. For fund of fund investments, it invests in mezzanine, venture capital, private equity, turnaround, secondary investments, real estate, and special situation funds. The firm invests in real estate investments. It also invest in technology, healthcare, education, natural resources, energy and essential consumer goods sectors, cleantech, and environment, community development, and financial empowerment. It invests in private equity markets in North America, Latin America, United States, Western Europe, Middle East, Africa, United Kingdom, Asia, Japan, and Australia. The firm prefer to invest $1 million to $100 million in companies. It prefers to have majority stake in companies. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.Show more
  • Net Interest Income-$5M-350.1%
  • Total Revenue$713M+28.7%
  • Net Income$217M+54.4%
  • Return on Equity27.18%+20.6%
  • Net Interest Margin-0.31%-238.5%
  • Efficiency Ratio26.4%+3.2%
  • ROA14.68%+25.7%
  • Equity / Assets54.66%+2.8%
  • Book Value per Share19.36+54.4%
  • Tangible BV/Share19.10+55.5%
  • Debt/Equity0.40-2.1%
Technical→

HLNE Key Insights

Hamilton Lane Incorporated (HLNE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 22.1%
  • ✓Strong 5Y profit CAGR of 29.0%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 26.4% efficiency ratio
  • ✓Well capitalized: 54.7% equity/assets
  • ✓Healthy dividend yield of 2.7%

✗Weaknesses

  • ✗Weak NIM of -0.3%
  • ✗Weak momentum: RS Rating 16 (bottom 16%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HLNE Price & Volume

Hamilton Lane Incorporated (HLNE) stock price & volume — 10-year historical chart

Loading chart...

HLNE Growth Metrics

Hamilton Lane Incorporated (HLNE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years16.46%
5 Years21.07%
3 Years24.67%
TTM-

Profit CAGR

10 Years-
5 Years29.02%
3 Years14.2%
TTM-6.18%

EPS CAGR

10 Years2.59%
5 Years20.38%
3 Years10.77%
TTM-12.96%

Return on Capital

10 Years31.73%
5 Years23.38%
3 Years25.1%
Last Year26.15%

HLNE Recent Earnings

Hamilton Lane Incorporated (HLNE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 3, 2026
EPS
$1.55
Est $1.35
+14.8%
Revenue
$199M
Est $196M
+1.6%
Q4 2025
Nov 4, 2025
EPS
$1.54
Est $1.08
+42.6%
Revenue
$191M
Est $185M
+3.3%
Q3 2025
Aug 5, 2025
EPS
$1.31
Est $0.98
+33.7%
Revenue
$176M
Est $169M
+4.0%
Q2 2025
May 29, 2025
EPS
$1.21
Est $1.17
+3.4%
Revenue
$198M
Est $171M
+16.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 3, 2026
$1.55vs $1.35+14.8%
$199Mvs $196M+1.6%
Q4 2025Nov 4, 2025
$1.54vs $1.08+42.6%
$191Mvs $185M+3.3%
Q3 2025Aug 5, 2025
$1.31vs $0.98+33.7%
$176Mvs $169M+4.0%
Q2 2025May 29, 2025
$1.21vs $1.17+3.4%
$198Mvs $171M+16.0%
Based on last 12 quarters of dataView full earnings history →

HLNE Peer Comparison

Hamilton Lane Incorporated (HLNE) competitors in Alternative asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BN logoBNBrookfield CorporationDirect Competitor102.89B45.849999-9.71%1.68%0.79%1.59
STEP logoSTEPStepStone Group Inc.Direct Competitor2.15B55.03-21.8465.09%-15.28%-9.85%2.79%0.22
GCMG logoGCMGGCM Grosvenor Inc.Direct Competitor1.6B11.26328.2815.82%3.57%8.9%8.28%
ARES logoARESAres Management CorporationDirect Competitor40.38B122.9662.7366.55%8.15%6.25%3.82%1.71
BX logoBXBlackstone Inc.Direct Competitor96.16B122.7231.6321.58%21.83%14.35%1.81%0.61
KKR logoKKRKKR & Co. Inc.Direct Competitor90.94B102.0043.59-10.99%12.31%3.19%10.47%0.67
CG logoCGThe Carlyle Group Inc.Direct Competitor18.47B51.2918.52118.97%24.96%9.66%1.50
APO logoAPOApollo Global Management, Inc.Product Competitor73.98B130.3017.78-20%16.95%10.63%4.4%0.34

Compare HLNE vs Peers

Hamilton Lane Incorporated (HLNE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BN

Most directly comparable listed peer for HLNE.

Scale Benchmark

vs BX

Larger-name benchmark to compare HLNE against a more recognizable public peer.

Peer Set

Compare Top 5

vs BN, STEP, GCMG, ARES

HLNE Income Statement

Hamilton Lane Incorporated (HLNE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Net Interest Income-14.24M-5.46M-2.78M-2.11M-827K-4.14M-3.5M-1.17M-5.25M-6.2M
NII Growth %-14.45%61.66%49.02%24.32%60.75%-400.36%15.35%66.69%-350.13%-133.96%
Net Interest Margin %-5.92%-1.86%-0.77%-0.44%-0.07%-0.32%-0.31%-0.09%-0.31%-0.29%
Interest Income320K528K255K709K1.68M500K5.11M10.01M8.08M9.15M
Interest Expense14.56M5.99M3.04M2.82M2.5M4.63M8.62M11.18M13.33M15.35M
Loan Loss Provision57.55M76.88M95.96M82.95M133.82M103.76M140.7M155.22M194.89M174.31M
Non-Interest Income179.5M243.5M251.92M273.34M339.96M367.42M523.64M543.83M704.88M698.1M
Non-Interest Income %99.82%99.78%99.9%99.74%99.51%99.86%99.03%98.19%98.87%98.71%
Total Revenue
179.82M▲ 0%
244.03M▲ 35.7%
252.18M▲ 3.3%
274.05M▲ 8.7%
341.63M▲ 24.7%
367.92M▲ 7.7%
528.75M▲ 43.7%
553.84M▲ 4.7%
712.96M▲ 28.7%
707.25M▲ 0%
Revenue Growth %-0.54%35.71%3.34%8.67%24.66%7.69%43.71%4.74%28.73%19%
Non-Interest Expense31.59M38.21M48.96M71.86M49.59M89.96M139.4M141.63M188.19M209.24M
Efficiency Ratio17.57%15.66%19.41%26.22%14.51%24.45%26.36%25.57%26.4%29.58%
Operating Income
76.11M▲ 0%
122.95M▲ 61.5%
104.22M▼ 15.2%
116.43M▲ 11.7%
155.73M▲ 33.8%
169.56M▲ 8.9%
240.04M▲ 41.6%
245.82M▲ 2.4%
316.55M▲ 28.8%
308.35M▲ 0%
Operating Margin %42.33%50.38%41.33%42.48%45.58%46.09%45.4%44.38%44.4%43.6%
Operating Income Growth %23.1%61.54%-15.23%11.71%33.75%8.88%41.56%2.41%28.77%-
Pretax Income
74.75M▲ 0%
139.63M▲ 86.8%
129.56M▼ 7.2%
140.74M▲ 8.6%
193.2M▲ 37.3%
313.68M▲ 62.4%
242.61M▼ 22.7%
281.66M▲ 16.1%
362.28M▲ 28.6%
377.22M▲ 0%
Pretax Margin %41.57%57.22%51.38%51.36%56.55%85.26%45.88%50.86%50.81%53.34%
Income Tax316K33.33M30.56M13.97M24.42M66.42M55.42M54.45M48.51M65.53M
Effective Tax Rate %0.42%23.87%23.59%9.92%12.64%21.18%22.85%19.33%13.39%17.37%
Net Income
612K▲ 0%
17.34M▲ 2733.5%
33.57M▲ 93.6%
60.83M▲ 81.2%
98.02M▲ 61.2%
145.99M▲ 48.9%
109.12M▼ 25.3%
140.86M▲ 29.1%
217.42M▲ 54.4%
206.29M▲ 0%
Net Margin %0.34%7.11%13.31%22.2%28.69%39.68%20.64%25.43%30.49%29.17%
Net Income Growth %-2733.5%93.6%81.17%61.15%48.93%-25.25%29.09%54.35%-6.18%
Net Income (Continuing)74.44M106.3M99M126.78M168.78M247.25M187.19M227.21M313.77M311.69M
EPS (Diluted)
0.03▲ 0%
0.91▲ 2933.3%
1.38▲ 51.6%
2.14▲ 55.1%
2.81▲ 31.3%
3.98▲ 41.6%
3.01▼ 24.4%
3.69▲ 22.6%
5.41▲ 46.6%
3.79▲ 0%
EPS Growth %-99.1%2933.33%51.65%55.07%31.31%41.64%-24.37%22.59%46.61%-12.96%
EPS (Basic)0.030.941.412.172.824.023.053.725.45-
Diluted Shares Outstanding18.34M18.99M24.3M28.44M33.36M53.67M53.7M53.9M47.73M54.5M

HLNE Balance Sheet

Hamilton Lane Incorporated (HLNE) balance sheet — assets, liabilities & shareholders' equity

Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Cash & Short Term Investments32.29M47.6M49.36M50.12M87.34M72.17M111.75M114.63M277.27M1.17B
Cash & Due from Banks32.29M47.6M49.36M50.12M87.34M72.17M111.75M114.63M277.27M338.5M
Short Term Investments0000000000
Total Investments120.15M137.25M154.49M207.75M373.62M513.83M587.97M632.27M761.05M0
Investments Growth %16.93%14.24%12.56%34.47%79.85%37.52%14.43%7.54%20.37%8.11%
Long-Term Investments120.15M137.25M154.49M207.75M373.62M513.83M587.97M632.27M761.05M2.66B
Accounts Receivables0000051.87M47.14M108.29M181.41M0
Goodwill & Intangibles000011.87M22.13M15.85M14.15M12.45M0
Goodwill00003.94M9.57M9.57M9.57M9.57M0
Intangible Assets00007.92M12.57M6.29M4.58M2.88M0
PP&E (Net)4.06M4.78M8.11M16.98M87.69M94.48M90.75M95.44M99M63.67M
Other Assets3.03M8.54M11.01M17.68M7.17M6.65M29.34M20.32M16.84M0
Total Current Assets52.15M69.84M79.25M93.19M404.22M412.81M182.72M247.13M492.49M338.5M
Total Non-Current Assets188.46M223.95M281.34M380.34M732.3M882.13M957.82M1.02B1.2B63.67M
Total Assets
240.62M▲ 0%
293.8M▲ 22.1%
360.59M▲ 22.7%
473.53M▲ 31.3%
1.14B▲ 140.0%
1.29B▲ 13.9%
1.14B▼ 11.9%
1.27B▲ 11.5%
1.69B▲ 33.0%
2.17B▲ 0%
Asset Growth %22.37%22.1%22.74%31.32%140.01%13.94%-11.92%11.46%32.97%139.8%
Return on Assets (ROA)0.28%6.49%10.26%14.58%12.18%12.01%8.96%11.68%14.68%9.5%
Accounts Payable1.37M1.7M2.62M1.97M2.17M2.83M4.56M4.5M5.47M5.03M
Total Debt84.31M84.16M70.95M84.71M238.46M253.57M292.35M275.19M368.32M0
Net Debt52.02M36.57M21.6M34.58M151.12M181.4M180.6M160.56M91.05M-338.5M
Long-Term Debt84.31M84.16M70.95M74.52M163.18M171.33M213.53M196.16M290.3M0
Short-Term Debt0000000000
Other Liabilities10.03M15.75M21.2M32.94M82.85M80.46M63.97M72.68M104.98M839.73M
Total Current Liabilities14.48M51.56M95.01M114.78M225.01M223.43M210.03M247.37M293.16M5.03M
Total Non-Current Liabilities139.5M106.16M95.86M121.35M321.3M334.03M356.32M347.87M473.3M839.73M
Total Liabilities153.99M157.72M190.87M236.13M546.32M557.46M566.35M595.24M766.46M844.76M
Total Equity
86.63M▲ 0%
136.07M▲ 57.1%
169.72M▲ 24.7%
237.4M▲ 39.9%
590.2M▲ 148.6%
737.49M▲ 25.0%
574.19M▼ 22.1%
675.96M▲ 17.7%
923.89M▲ 36.7%
1.33B▲ 0%
Equity Growth %177.39%57.08%24.73%39.88%148.61%24.96%-22.14%17.72%36.68%169.96%
Equity / Assets (Capital Ratio)36%46.32%47.07%50.13%51.93%56.95%50.34%53.17%54.66%61.09%
Return on Equity (ROE)0.71%15.57%21.96%29.88%23.69%21.99%16.64%22.53%27.18%15.56%
Book Value per Share4.727.176.988.3517.6913.7410.6912.5419.3624.33
Tangible BV per Share4.727.176.988.3517.3313.3310.4012.2819.1024.33
Common Stock47K48K51K52K53K53K54K55K55K56K
Additional Paid-in Capital61.84M73.83M92.48M107.73M150.56M161.68M171.57M208.4M261.86M0
Retained Earnings612K4.55M17.69M47.09M87.51M185.15M243.82M316.7M455.51M571.04M
Accumulated OCI-311K07K-78K0000-141K1.15M
Treasury Stock-2.15M000000000
Preferred Stock0000000000

HLNE Cash Flow Statement

Hamilton Lane Incorporated (HLNE) cash flow — operating, investing & free cash flow history

Line itemMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Cash from Operations81.68M96.69M111.62M116.37M188.16M169.52M226.59M120.85M323.52M323.52M
Operating CF Growth %-25.19%18.38%15.44%4.26%61.69%-9.9%33.66%-46.66%167.7%186%
Net Income74.44M106.3M99M126.78M168.78M247.25M187.19M227.21M217.42M206.29M
Depreciation & Amortization1.92M1.89M2.98M3.29M4.13M5.5M7.44M8.19M9.28M9.69M
Deferred Taxes26K22.98M21.66M7.93M7.03M23.94M20.43M16.7M026.09M
Other Non-Cash Items2.32M-4.72M-13.85M-13.9M-27.99M-87.68M25.39M-101.01M157.68M29.4M
Working Capital Changes-1.7M-35.3M-4.55M-14.91M29.12M-26.9M-23.81M-42.36M-60.86M-59.9M
Cash from Investing-16.71M-21.77M-19.21M-49.9M-421.78M-70.49M177.91M-122.18M-139.81M-410.72M
Purchase of Investments-24.22M-30.35M-46.05M-57.7M-436.41M-92.24M-121.58M-64.18M-148.24M-359.72M
Sale/Maturity of Investments001000K1000K252K1000K1000K1000K1000K-1000K
Net Investment Activity-24.22M-30.35M-45.05M-56.7M-436.16M-91.24M-120.58M-63.18M-147.24M-360.72M
Acquisitions0-5.23M10.61M3.52M-252K-10.1M-1.5M000
Other Investing8.78M16.05M-944K4.01M34.27M27.75M13.31M-49.04M13.18M-37.7M
Cash from Financing-101.21M-59.67M-90.21M-64.71M270.66M-113.22M-364.15M4.4M-19.62M-23.41M
Dividends Paid-80.46M-46.45M-69.33M-76.44M-74.04M-97.34M-135.85M-109.28M-119.8M-178.5M
Share Repurchases0-6.47M-5.39M-5.88M-6.02M-3.49M-280.53M-3.51M-253.87M-252.88M
Stock Issued203.23M125.2M193.5M147.12M749.34M73.83M43.69M201.67M251.2M249.17M
Net Stock Activity203.23M118.72M188.12M141.24M743.32M70.35M-236.84M198.16M-2.67M-3.71M
Debt Issuance (Net)-1000K-1000K-1000K1000K1000K1000K1000K-1000K1000K-3M
Other Financing-61.39M-129.97M-2.5M12.85M-487.2M-94.31M8.11M-66.98M8.94M165.76M
Net Change in Cash
-36.25M▲ 0%
15.25M▲ 142.1%
2.21M▼ 85.5%
1.62M▼ 26.6%
37.17M▲ 2194.3%
-14.18M▼ 138.2%
40.35M▲ 384.6%
3.07M▼ 92.4%
163.99M▲ 5246.8%
7.04M▲ 0%
Exchange Rate Effect008K-144K130K000-102K9K
Cash at Beginning70.38M34.13M49.38M51.59M53.21M90.38M76.2M116.55M119.62M334.35M
Cash at End34.13M49.38M51.59M53.21M90.38M76.2M116.55M119.62M283.6M0
Interest Paid10.23M000000000
Income Taxes Paid280K000000000
Free Cash Flow
80.4M▲ 0%
94.44M▲ 17.5%
106.26M▲ 12.5%
110.22M▲ 3.7%
168.52M▲ 52.9%
161M▼ 4.5%
221.84M▲ 37.8%
109.78M▼ 50.5%
311.36M▲ 183.6%
364M▲ 0%
FCF Growth %-25.73%17.45%12.51%3.73%52.89%-4.46%37.79%-50.51%183.62%33.37%

HLNE Banking Ratios

Hamilton Lane Incorporated (HLNE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)0.71%15.57%21.96%29.88%23.69%21.99%16.64%22.53%27.18%15.56%
Return on Assets (ROA)0.28%6.49%10.26%14.58%12.18%12.01%8.96%11.68%14.68%9.5%
Net Interest Margin-5.92%-1.86%-0.77%-0.44%-0.07%-0.32%-0.31%-0.09%-0.31%-0.29%
Efficiency Ratio17.57%15.66%19.41%26.22%14.51%24.45%26.36%25.57%26.4%29.58%
Equity / Assets36%46.32%47.07%50.13%51.93%56.95%50.34%53.17%54.66%61.09%
Book Value / Share4.727.176.988.3517.6913.7410.6912.5419.3624.33
NII Growth-14.45%61.66%49.02%24.32%60.75%-400.36%15.35%66.69%-350.13%-12.6%
Dividend Payout13146.57%267.89%206.49%125.66%75.54%66.68%124.5%77.58%55.1%49.8%

HLNE SEC Filings & Documents

Hamilton Lane Incorporated (HLNE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 20, 2026·SEC

Material company update

Feb 3, 2026·SEC

Material company update

Nov 4, 2025·SEC

10-K Annual Reports

3
FY 2025

May 30, 2025·SEC

FY 2024

May 23, 2024·SEC

FY 2023

May 25, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

HLNE Frequently Asked Questions

Hamilton Lane Incorporated (HLNE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Hamilton Lane Incorporated (HLNE) grew revenue by 28.7% over the past year. This is strong growth.

Yes, Hamilton Lane Incorporated (HLNE) is profitable, generating $206.3M in net income for fiscal year 2025 (30.5% net margin).

Dividend & Returns

Yes, Hamilton Lane Incorporated (HLNE) pays a dividend with a yield of 2.72%. This makes it attractive for income-focused investors.

Hamilton Lane Incorporated (HLNE) has a return on equity (ROE) of 27.2%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Hamilton Lane Incorporated (HLNE) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

Hamilton Lane Incorporated (HLNE) has an efficiency ratio of 26.4%. This is excellent, indicating strong cost control.

Explore More HLNE

Hamilton Lane Incorporated (HLNE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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