Filing Flows › Hamilton Lane (HLNE) › Q4 FY25
Hamilton Lane (HLNE) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 30, 2025
Hamilton Lane (HLNE) reported revenue of $198M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +18% from the quarter before. Operating margin was 44.6%, net earnings $50.5M (25.5% of revenue).
Hamilton Lane, Q4 FY25: revenue $198M (+12% year over year), operating margin 44.6%, net earnings $50.5M, operating cash flow $39.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | +18% | +12% |
| Operating profit | $88.3M | -2% | -9% |
| Net earnings | $50.5M | -5% | +4% |
| Operating cash flow | $39.3M | -39% | +81% |
| Free cash flow | $35.8M | -39% | +78% |
What changed
Revenue was $198.0M in Q4 FY25, up 12% year over year and up 18% from the previous quarter. Specialized funds was the largest line at 40% of revenue.
Operating profit was $88.3M, a 44.6% margin (down 10.5 points year over year). Operating profit fell $9.0M even though revenue rose $21.3M versus a year earlier, so costs grew faster than sales. Total costs grew 38% against revenue growth of 12%. Net earnings were $50.5M, up 4% year over year. The effective tax rate was 16.9%.
Operating cash flow was $39.3M (up 81% year over year), 54% of net income including minority interests. Non-cash charges added back $2.2M of depreciation and amortization and $11.7M of share-based compensation. Working capital and other items used $48.0M. Capital expenditures of $3.4M left free cash flow of $35.8M.
Questions
What was Hamilton Lane's revenue in the fourth quarter fiscal 2025?
Hamilton Lane (HLNE) reported revenue of $198M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +18% from the quarter before.
Was Hamilton Lane profitable in the fourth quarter fiscal 2025?
Operating profit was $88.3M (44.6% of revenue) and net earnings $50.5M.
Source: Hamilton Lane 10-K on SEC EDGAR.