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.
- FY2026 10-K risk factors
22 risks, 1 reworded since the prior year. 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