HOULIHAN LOKEY, INC.

Houlihan Lokey, Inc. (NYSE: HLI) is a leading global independent investment bank established in 1972, providing specialized financial advisory services to corporations, financial sponsors, and government agencies worldwide. The company operates through three primary business segments: Corporate Finance, which encompasses mergers and acquisitions advisory and capital solutions; Financial Restructuring, offering debt restructuring and liability management services; and Financial and Valuation Advisory, providing valuation opinions and financial consulting services. As of March 31, 2026, the firm employed approximately 2,800 financial professionals across more than thirty offices globally, serving more than 2,000 clients annually.

The company's Corporate Finance segment includes 251 Managing Directors focused on mid-cap transactions, which the firm identifies as an underserved market segment. Houlihan Lokey has developed particular expertise in sell-side advisory services, marketing itself as one of the most prolific advisors for selling companies under one billion dollars. The Financial Restructuring segment operates with 59 Managing Directors and represents one of the largest restructuring groups in the investment banking industry, serving distressed companies and creditor constituencies across multiple jurisdictions. The Financial and Valuation Advisory segment comprises 44 Managing Directors and is recognized as one of the largest and most respected valuation practices in the United States.

The firm maintains a distinctive business model centered on independence and specialization, deliberately avoiding lending, securities sales and trading, and investment research activities that could create conflicts of interest. Approximately 32.2 percent of fiscal 2026 revenue derived from international operations, with the company maintaining regulated subsidiaries in the United Kingdom, Germany, Australia, Hong Kong, India, Singapore, and the United Arab Emirates. The company emphasizes broad-based employee ownership, with approximately 850 employee shareholders collectively owning roughly 21 percent of equity as of March 31, 2026.

Houlihan Lokey's website is www.hl.com, with investor relations information available at http://investors.hl.com.