Hamilton Lane INC
HLNENasdaqFinancials · Investment Advice · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|---|
| Revenue | $759.0M | $713.0M | $553.8M | $528.8M | $367.9M | $341.6M |
| Operating income | — | — | — | — | — | — |
| Net income | $249.2M | $217.4M | $140.9M | $109.1M | $146.0M | $98.0M |
| Total assets | $2.30B | $1.69B | $1.27B | $1.14B | $1.29B | $1.14B |
| Total liabilities | $838.4M | $766.5M | $595.2M | $566.4M | $557.5M | $546.3M |
| Equity | $915.2M | $717.3M | $525.2M | $415.4M | $346.9M | $238.1M |
| EPS (diluted) | — | — | — | — | $3.98 | $2.81 |
| Shares out. | — | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2026- Operating margin
- —
- Net margin
- 32.8%
- Return on equity
- 27.2%
- Return on assets
- 10.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 36.4%
- Debt / equity
- 0.92×
- Book value / share
- —
- Revenue growth (YoY)
- 6.5%
- Net income growth (YoY)
- 14.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2026- Accruals / assets
- −7.6%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 5 good- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Hla Investments LlcActivist (13D)May 29, 2026
- Kayne Anderson Rudnick Investment Management LlcPassive (13G)May 14, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Blackrock, Inc.Passive (13G)Oct 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Rogers Hartley R.Officer — Executive Co-Chairman | May 26, 2026 | Buy | 47,025 | $89.99 |
| Kramer Andrea AnigatiOfficer — Chief Operating Officer | Mar 14, 2026 | Tax withholding | 1,212 | $96.85 |
| Hirsch Erik R.Officer — Co-Chief Executive Officer | Mar 14, 2026 | Tax withholding | 6,912 | $96.85 |
| Armbrister Jeffrey BrianOfficer — Chief Financial Officer | Mar 14, 2026 | Tax withholding | 590 | $96.85 |
| Carl Drew ThomasOfficer — Chief Accounting Officer | Dec 31, 2025 | Grant | 46 | $114.16 |
| Gavalis LydiaOfficer — General Counsel & Secretary | Mar 14, 2026 | Tax withholding | 549 | $96.85 |
| Berkman David JDirector | Feb 24, 2026 | Buy | 10,000 | $101.00 |
| Hirsch Erik R.Officer — Co-Chief Executive Officer | Feb 20, 2026 | Buy | 9,225 | $107.13 |
| Delgado-Moreira JuanOfficer — Co-Chief Executive Officer | Feb 20, 2026 | Buy | 6,520 | $107.10 |
| Kramer Andrea AnigatiOfficer — Chief Operating Officer | Sep 30, 2025 | Grant | 46 | $114.57 |
| Giannini Mario LOfficer — Executive Co-Chairman | Feb 20, 2026 | Buy | 9,225 | $107.32 |
| Delgado-Moreira JuanOfficer — Co-Chief Executive Officer | Feb 6, 2026 | Gift | 14,375 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 4.0M | 4.8 | -1.3% |
| Apr 30, 2026 | 4.0M | 3.7 | +12.2% |
| Apr 15, 2026 | 3.6M | 5.0 | +8.6% |
| Mar 31, 2026 | 3.3M | 5.0 | -8.0% |
| Mar 13, 2026 | 3.6M | 3.8 | +17.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 21, 2026
- Other material eventFeb 20, 2026
- Results of operationsFeb 3, 2026
- Results of operationsNov 4, 2025
- Entered a material agreement · New financial obligationOct 6, 2025
- Shareholder voteSep 5, 2025
- Other material eventSep 4, 2025
- Results of operationsAug 5, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13D/AMay 29, 2026
- 4FORM 4May 28, 2026
- 10-KMay 21, 2026
- 8-KMay 21, 2026
- SCHEDULE 13G/AMay 14, 2026
- SCHEDULE 13G/AMar 27, 2026
- 4FORM 4Mar 17, 2026
- 4FORM 4Mar 17, 2026
- 4FORM 4Mar 17, 2026
- 4FORM 4Mar 17, 2026
- 4FORM 4Mar 17, 2026
- 4FORM 4Feb 25, 2026
- 4FORM 4Feb 24, 2026
- 4FORM 4Feb 24, 2026
- 4FORM 4Feb 24, 2026