Risk factors

Houlihan Lokey (HLI) risk factors

Item 1A of every Houlihan Lokey, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2026 10-K risk factors
    22 risks1 reworded

    Risk 9 now emphasizes securing books and records, not just keeping them accurate.

    Filed May 22, 2026
  • FY2025 10-K risk factors
    22 risks

    Houlihan Lokey depends heavily on retaining Managing Directors and senior professionals to drive advisory revenue and client relationships.

    Filed May 15, 2025