HLNEHamilton Lane INC
Investment Advice
- Revenue
- $759M
- 6.5% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $187M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear171% of net incomeCash flow under 80% of net income
- Dilutive SBCClear7% of revenueOver 10% of revenue
- Payouts exceed cash flowClear21% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $368M | $529M | $554M | $713M | $759M | 6.5% |
| Net income | $146M | $109M | $141M | $217M | $249M | 15% |
| Operating cash flow | $170M | $227M | $121M | $301M | $425M | 41% |
| Capex | $9M | $5M | $11M | $12M | $6M | 52% |
| Stock-based comp | $7M | $10M | $12M | $31M | $51M | 62% |
| Buybacks | $1K | $0 | $2K | $2K | — | |
| Dividends | $50M | $72M | $65M | $76M | $88M | 15% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 3
- Open-market sells, 12 mo
- $0 · 0
- Net
- $2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 117 | 128 |
| FY2025 | — | — | 179 | 132 |
| FY2024 | — | — | 135 | 120 |
| FY2023 | — | — | 87 | 94 |
| FY2022 | — | — | 89 | 107 |