Hamilton Lane (HLNE) financial statements
Hamilton Lane reported revenue of $759M in fiscal 2026, up 17.4% a year over 9 years.
Net income was $249M.
Free cash flow was $419M, and the company returned $88M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hamilton Lane's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $180M | $244M | $252M | $274M | $342M | $368M | $529M | $554M | $713M | $759M |
| Selling, general and admin | — | — | $49M | $57M | $49M | — | — | — | — | — |
| Interest expense | $15M | $6M | $3M | $3M | $2M | — | — | — | — | — |
| Pre-tax income | $75M | $140M | $130M | $141M | $193M | $314M | $243M | $282M | $362M | $463M |
| Income tax | $316,000 | $33M | $31M | $14M | $24M | $66M | $55M | $54M | $49M | $75M |
| Net income | $612,000 | $17M | $34M | $61M | $98M | $146M | $109M | $141M | $217M | $249M |
| EPS (diluted) | — | — | $1.40 | $2.15 | $2.81 | $3.98 | — | — | — | — |
| Net margin | 0.3% | 7.1% | 13.3% | 22.2% | 28.7% | 39.7% | 20.6% | 25.4% | 30.5% | 32.8% |
Balance sheet
Fiscal years, from Hamilton Lane's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $32M | $48M | $49M | $50M | $87M | $76M | $117M | $120M | $284M | $372M |
| Property, plant and equipment | $4M | $5M | $8M | $7M | $23M | $29M | $28M | $33M | $38M | $35M |
| Goodwill | $1M | $4M | $4M | $4M | $4M | $10M | $10M | $10M | $10M | $10M |
| Total assets | $241M | $294M | $361M | $474M | $1.1B | $1.3B | $1.1B | $1.3B | $1.7B | $2.3B |
| Total liabilities | $154M | $158M | $191M | $236M | $546M | $557M | $566M | $595M | $766M | $838M |
| Shareholders' equity | $60M | $78M | $110M | $155M | $238M | $347M | $415M | $525M | $717M | $915M |
| Net debt | -$32M | -$48M | -$49M | -$50M | -$87M | -$76M | -$117M | -$120M | -$284M | -$372M |
Cash flow
Fiscal years, from Hamilton Lane's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $82M | $97M | $112M | $116M | $188M | $170M | $227M | $121M | $301M | $425M |
| Capital spending | $1M | $2M | $5M | $2M | $19M | $9M | $5M | $11M | $12M | $6M |
| Free cash flow | $80M | $94M | $106M | $114M | $170M | $161M | $222M | $110M | $289M | $419M |
| Stock-based compensation | $5M | $6M | $6M | $7M | $7M | $7M | $10M | $12M | $31M | $51M |
| Dividends paid | $0 | $10M | $19M | $29M | $40M | $50M | $72M | $65M | $76M | $88M |
| Share buybacks (net) | — | -$2,000 | -$2,000 | -$2,000 | -$5,000 | -$1,000 | $0 | -$2,000 | -$2,000 | — |
| Net borrowing | — | $75M | $0 | $75M | $75M | $25M | $32M | $0 | — | — |
| Free cash flow margin | 44.7% | 38.7% | 42.1% | 41.7% | 49.6% | 43.8% | 42.0% | 19.8% | 40.5% | 55.2% |
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Open HLNE in InvestinglyQuestions
What was Hamilton Lane's revenue in 2026?
$759M in fiscal 2026, from its 10-K filing.
How much free cash flow does Hamilton Lane generate?
$419M in fiscal 2026 (operating cash flow minus capital spending).
From Hamilton Lane's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.