Houlihan Lokey Inc. reported revenues of $659.5 million for the second quarter ended September 30, 2025, compared to $575.0 million for the same period in 2024. Net income for the quarter was $111.8 million, or $1.63 per diluted share, up from $93.5 million, or $1.37 per diluted share, in the second quarter of 2024. Adjusted net income was $127.0 million, or $1.84 per diluted share, compared to $100.0 million, or $1.46 per diluted share, in the prior-year period. By business segment, Corporate Finance revenues increased 21% to $438.7 million, Financial Restructuring revenues increased 2% to $133.8 million, and Financial and Valuation Advisory revenues increased 10% to $87.0 million, each compared to the second quarter ended September 30, 2024. For the six months ended September 30, 2025, total revenues were $1.26 billion, compared to $1.09 billion for the same period in 2024. Net income for the six-month period was $209.3 million, or $3.04 per diluted share, compared to $182.5 million, or $2.67 per diluted share, for the previous year. Compensation expenses for the second quarter were $423.2 million, and non-compensation expenses totaled $84.9 million. The company reported operating income of $151.3 million and a provision for income taxes of $48.3 million for the quarter.