Hamilton Lane Inc - Understand $hlne stock

$HLNE Market Cap: $10.57 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$648.7M

TTM

Gross Margin

Net Earnings

$181.8M

TTM

Current Assets

$355.7M

Q3 2024

Current Liabilities

$386.8M

Q3 2024

Current Ratio

91.95%

Q3 2024

Total Assets

$1.424B

Q3 2024

Total Liabilities

$622.4M

Q3 2024

Book Value

$801.9M

Q3 2024

Cash

$232.8M

Q3 2024

P/E

58.14

Nov 29, 2024 EST

Free Cash Flow

$174.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$553.8M	$528.8M	$367.9M	$341.6M	$274.0M	$252.2M	$244.0M	$179.8M	$180.8M	$155.4M	$139.8M	$119.2M
YoY Change	4.74%	43.71%	7.69%	24.66%	8.67%	3.34%	35.71%	-0.54%	16.34%	11.16%	17.28%	9.66%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$553.8M	$528.8M	$367.9M	$341.6M	$274.0M	$252.2M	$244.0M	$179.8M	$180.8M	$155.4M	$139.8M	$119.2M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$299.8M	$281.3M	$193.1M	$181.9M	$154.2M	$145.5M	$119.2M	$101.8M	$116.9M	$85.20M	$78.90M	$69.00M
YoY Change	6.6%	45.63%	6.18%	17.96%	5.98%	22.06%	17.09%	-12.92%	37.21%	7.98%	14.35%	2.83%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.186M	$7.443M	$5.495M	$4.134M	$3.291M	$2.979M	$1.891M	$1.915M	$2.027M	$1.900M	$1.900M
YoY Change	9.98%	35.45%	32.92%	25.62%	10.47%	57.54%	-1.25%	-5.53%	6.68%	0.0%
% of Gross Profit
Operating Expenses	$308.0M	$288.7M	$198.4M	$185.9M	$157.6M	$148.0M	$121.1M	$103.7M	$119.0M	$87.00M	$80.70M	$69.00M
YoY Change	6.69%	45.55%	6.7%	17.95%	6.53%	22.2%	16.75%	-12.83%	36.74%	7.81%	16.96%	2.83%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$38.36M	$7.813M	$79.92M	$2.044M	$2.816M	$3.039M	$5.989M	$14.57M	$12.64M	$4.700M	$8.500M	$1.300M
YoY Change	390.95%	-90.22%	3810.18%	-27.41%	-7.34%	-49.26%	-58.88%	15.22%	168.96%	-44.71%	553.85%	-69.05%
% of Operating Profit
Other Income/Expense, Net	$35.84M	$2.570M	$144.1M	$37.47M	$24.32M	$25.33M	$16.68M	-$1.361M	-$5.113M	-$1.100M	-$700.0K	-$500.0K
YoY Change	1294.67%	-98.22%	284.57%	54.12%	-4.02%	51.9%	-1325.35%	-73.38%	364.82%	57.14%	40.0%	-266.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$281.7M	$242.6M	$313.7M	$193.2M	$140.7M	$129.6M	$139.6M	$74.75M	$56.72M	$72.00M	$66.90M	$51.00M
YoY Change	16.1%	-22.66%	62.36%	37.27%	8.63%	-7.21%	86.79%	31.79%	-21.22%	7.62%	31.18%	10.63%
Income Tax	$54.45M	$55.43M	$66.42M	$24.42M	$13.97M	$30.56M	$33.33M	$316.0K	$869.0K	$500.0K	-$100.0K	-$800.0K
% Of Pretax Income	19.33%	22.85%	21.18%	12.64%	9.92%	23.59%	23.87%	0.42%	1.53%	0.69%	-0.15%	-1.57%
Net Earnings	$140.9M	$109.1M	$146.0M	$98.02M	$60.83M	$33.57M	$17.34M	$612.0K	$0.00	$69.30M	$62.50M	$48.70M
YoY Change	29.09%	-25.25%	48.93%	61.15%	81.17%	93.6%	2733.5%		-100.0%	10.88%	28.34%	7.27%
Net Earnings / Revenue	25.43%	20.64%	39.68%	28.69%	22.2%	13.31%	7.11%	0.34%	0.0%	44.59%	44.71%	40.86%
Basic Earnings Per Share
Diluted Earnings Per Share	$2.61	$2.10	$3.98	$2.81	$2.15	$1.40	$910.5K	$31.25K	$0.00	$3.609M	$3.255M	$2.536M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$114.6M	$111.7M	$72.17M	$87.30M	$50.10M	$49.40M	$47.60M	$32.30M	$68.60M	$67.10M
YoY Change	2.58%	54.83%	-17.33%	74.25%	1.42%	3.78%	47.37%	-52.92%	2.24%
Cash & Equivalents	$114.6M	$111.7M	$72.17M	$87.30M	$50.10M	$49.40M	$47.60M	$32.30M	$68.60M	$67.10M
Short-Term Investments
Other Short-Term Assets	$11.07M	$9.817M	$6.858M	$6.100M	$7.000M	$4.700M	$2.300M	$5.200M	$4.400M	$4.300M
YoY Change	12.79%	43.15%	12.43%	-12.86%	48.94%	104.35%	-55.77%	18.18%	2.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$242.1M	$175.9M	$132.8M	$125.1M	$90.10M	$77.00M	$68.10M	$50.30M	$84.80M	$87.30M
YoY Change	37.67%	32.47%	6.13%	38.85%	17.01%	13.07%	35.39%	-40.68%	-2.86%
Property, Plant & Equipment	$95.44M	$90.75M	$94.48M	$87.70M	$17.00M	$8.100M	$4.800M	$4.100M	$4.600M	$5.700M
YoY Change	5.16%	-3.94%	7.73%	415.88%	109.88%	68.75%	17.07%	-10.87%	-19.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$632.3M	$588.0M	$789.8M	$649.6M	$207.7M	$154.5M	$137.3M	$120.3M	$103.0M	$103.4M
YoY Change	7.54%	-25.56%	21.59%	212.76%	34.43%	12.53%	14.13%	16.8%	-0.39%
Other Assets	$266.9M	$238.7M	$249.1M	$255.0M	$141.0M	$110.0M	$75.20M	$63.10M	$1.800M	$2.500M
YoY Change	11.79%	-4.16%	-2.33%	80.85%	28.18%	46.28%	19.18%	3405.56%	-28.0%
Total Long-Term Assets	$1.029B	$964.7M	$1.162B	$1.011B	$383.4M	$283.6M	$225.7M	$190.3M	$111.8M	$114.2M
YoY Change	6.68%	-17.0%	14.91%	163.8%	35.19%	25.65%	18.6%	70.21%	-2.1%
Total Assets	$1.271B	$1.141B	$1.295B	$1.137B	$473.5M	$360.6M	$293.8M	$240.6M	$196.6M	$201.5M
YoY Change
Accounts Payable	$205.9M	$179.3M	$183.4M	$196.9M	$100.9M	$72.30M	$35.80M	$12.10M	$600.0K	$1.700M
YoY Change	14.88%	-2.24%	-6.88%	95.14%	39.56%	101.96%	195.87%	1916.67%	-64.71%
Accrued Expenses	$132.6M	$118.1M	$115.3M	$115.9M	$29.00M	$17.90M	$12.00M	$3.400M	$4.000M	$4.900M
YoY Change	12.35%	2.38%	-0.51%	299.66%	62.01%	49.17%	252.94%	-15.0%	-18.37%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$362.4M	$313.0M	$325.8M	$329.7M	$135.7M	$107.3M	$59.60M	$17.90M	$14.00M	$14.00M
YoY Change	15.76%	-3.91%	-1.19%	142.96%	26.47%	80.03%	232.96%	27.86%	0.0%
Long-Term Debt	$196.2M	$213.5M	$171.3M	$163.2M	$74.50M	$71.00M	$84.20M	$84.30M	$243.3M	$107.7M
YoY Change	-8.14%	24.64%	4.98%	119.06%	4.93%	-15.68%	-0.12%	-65.35%	125.91%
Other Long-Term Liabilities	$36.70M	$39.78M	$60.34M	$53.40M	$25.80M	$12.70M	$13.90M	$51.80M	$51.20M	$6.100M
YoY Change	-7.74%	-34.08%	13.0%	106.98%	103.15%	-8.63%	-73.17%	1.17%	739.34%
Total Long-Term Liabilities	$232.9M	$253.3M	$231.7M	$216.6M	$100.3M	$83.70M	$98.10M	$136.1M	$294.5M	$113.8M
YoY Change	-8.07%	9.34%	6.96%	115.95%	19.83%	-14.68%	-27.92%	-53.79%	158.79%
Total Liabilities	$746.0M	$725.1M	$948.1M	$898.4M	$318.7M	$250.4M	$215.4M	$180.6M	$319.9M	$145.3M
YoY Change	2.89%	-23.52%	5.53%	181.9%	27.28%	16.25%	19.27%	-43.54%	120.17%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.571 Billion

About Hamilton Lane INC

Hamilton Lane, Inc. is a holding company, which engages in the provision of private markets investment solutions. The company is headquartered in Conshohocken, Pennsylvania and currently employs 700 full-time employees. The company went IPO on 2017-03-01. The firm offers a variety of investment solutions to address its clients' needs across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity, venture capital and impact. These solutions are constructed from a range of investment types, including primary investments in funds managed by third-party managers, direct investments alongside such funds and acquisitions of secondary stakes in such funds, with a number of its clients utilizing multiple investment types. These solutions are offered in a variety of formats covering some or all phases of private markets investment programs, which include customized separate accounts, specialized funds, advisory services, distribution management, and reporting, monitoring, data and analytics.

Industry: Investment Advice Peers: AFFILIATED MANAGERS GROUP, INC. ALLIANCEBERNSTEIN HOLDING L.P. Blackstone Secured Lending Fund Blackstone Inc. COHEN & STEERS, INC. FEDERATED HERMES, INC. Blue Owl Capital Corp PROSPECT CAPITAL CORP StepStone Group Inc.