Filing Flows › Hamilton Lane (HLNE) › Q1 FY27
Hamilton Lane (HLNE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 4, 2026
Hamilton Lane (HLNE) reported revenue of $275M for the first quarter fiscal 2027 (Q1 FY27), +56% from a year earlier and +42% from the quarter before. Operating margin was 54.5%, net earnings $80.5M (29.2% of revenue).
Hamilton Lane, Q1 FY27: revenue $275M (+56% year over year), operating margin 54.5%, net earnings $80.5M, operating cash flow $77.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | +42% | +56% |
| Operating profit | $150M | +15% | +57% |
| Net earnings | $80.5M | +22% | +50% |
| Operating cash flow | $77.2M | -25% | -40% |
| Free cash flow | $75.3M | -26% | -41% |
What changed
Revenue was $275.3M in Q1 FY27, up 56% year over year and up 42% from the previous quarter. Specialized funds was the largest line at 40% of revenue. Specialized funds added $69.3M year over year (up 181%), 70% of the total change. Distribution management declined 74%.
Operating profit was $150.0M, a 54.5% margin (up 0.2 points year over year). Of the extra revenue versus Q1 FY26, 55% reached operating profit, above the 54% margin then. Total costs grew 56% against revenue growth of 56%. Net earnings were $80.5M, up 50% year over year. The effective tax rate was 16.7%.
Operating cash flow was $77.2M (down 40% year over year), 62% of net income including minority interests. Non-cash charges added back $2.5M of depreciation and amortization and $12.9M of share-based compensation. Working capital and other items used $63.2M. Capital expenditures of $1.8M left free cash flow of $75.3M.
Questions
What was Hamilton Lane's revenue in the first quarter fiscal 2027?
Hamilton Lane (HLNE) reported revenue of $275M for the first quarter fiscal 2027 (Q1 FY27), +56% from a year earlier and +42% from the quarter before.
Was Hamilton Lane profitable in the first quarter fiscal 2027?
Operating profit was $150M (54.5% of revenue) and net earnings $80.5M.
Source: Hamilton Lane 10-Q on SEC EDGAR.