Fri, May 30, 8:13 PM (50 days ago)
### Summary of Hamilton Lane Incorporated (HLNE) Annual Report **Financial Performance:** - **Revenue:** $712.9 million for fiscal 2025, up from $553.8 million in 2024. - **Net Income:** $313.8 million for fiscal 2025, up from $227.2 million in 2024. - **Earnings per Share (EPS):** $5.04 for fiscal 2025, up from $3.92 in 2024. **Revenue Breakdown:** - **Management and Advisory Fees:** $513.9 million, up from $451.9 million. - **Incentive Fees:** $198.3 million, up from $101.9 million. **Expenses:** - **Compensation and Benefits:** $274.5 million, up from $204.0 million. - **General, Administrative, and Other:** $120.9 million, up from $103.4 million. **Key Financial Metrics:** - **Assets Under Management (AUM):** $138 billion, up from $88 billion in 2021. - **Assets Under Advisement (AUA):** $819 billion, up from $631 billion in 2021. - **Fee-Earning AUM:** $72 billion, up from $43 billion in 2021. **Strategic Overview:** - **Market Position:** Leading global private markets investment solutions provider. - **Client Base:** Over 2,300 institutions and intermediaries, diversified by type, size, and geography. - **Investment Solutions:** Customized separate accounts, specialized funds, advisory services, and distribution management. **Future Outlook:** - **Growth Opportunities:** Expansion into new geographic markets, increased client base, and innovative investment solutions. - **Risk Factors:** Market volatility, regulatory changes, and competitive pressures. **Risk Factors:** - **Market Risks:** Volatility in financial markets, economic downturns, and geopolitical events. - **Operational Risks:** Dependence on key personnel, regulatory compliance, and technological challenges. - **Financial Risks:** Indebtedness, credit risks, and liquidity management. **Financial Condition:** - **Liquidity:** Strong cash position with $229.2 million in cash and cash equivalents as of March 31, 2025. - **Debt:** $293.1 million in outstanding debt as of March 31, 2025. **Market Position Changes:** - **Client Acquisition:** Continued focus on expanding client base and increasing AUM/AUA. - **Product Innovation:** Development of new investment solutions and technologies. **Note:** All amounts are in thousands unless otherwise specified.