7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 
      
    		                                  
      operating activities:
    		                                  
      net income
    		103,603,000 77,070,000 73,305,000 77,455,000 75,921,000 87,087,000 76,825,000 34,532,000 64,506,000 51,344,000 51,435,000 21,884,000 57,740,000 56,126,000 37,557,000 80,195,000 84,820,000 44,681,000 64,585,000 54,633,000 44,599,000 4,968,000 38,613,000 28,437,000 32,273,000 27,453,000 20,407,000 22,915,000 32,572,000 23,103,000 44,618,000 17,833,000 18,234,000 25,612,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                  
      depreciation and amortization
    		2,519,000 2,528,000 2,220,000 2,385,000 2,367,000 2,313,000 2,412,000 2,038,000 1,863,000 1,873,000 1,843,000 2,023,000 1,813,000 1,764,000 1,751,000 1,292,000 1,074,000 1,378,000 1,152,000 1,005,000 973,000 1,004,000 912,000 771,000 806,000 802,000 1,220,000 618,000 631,000 510,000 495,000 486,000 473,000 437,000 
      change in deferred income taxes
    		8,539,000 6,555,000 5,195,000 2,186,000 2,114,000 2,586,000 8,707,000 3,869,000 -533,000 4,654,000 5,541,000 7,053,000 8,882,000 -1,043,000 4,003,000 3,611,000 8,370,000 7,960,000 -6,355,000 4,676,000 9,344,000 -638,000 732,000 2,469,000 1,824,000 2,904,000 2,720,000 16,079,000 2,283,000 583,000 70,000 20,000,000 1,010,000 1,903,000 
      change in payable to related parties pursuant to tax receivable agreement
    		  3,519,000 -321,000 0 -1,076,000 1,202,000 0 -1,000 -883,000 -2,146,000 -171,000   870,000 -5,172,000 -491,000 -539,000 970,000 0   -496,000 0 14,000 136,000 -644,000 -8,295,000 -1,041,000 202,000 -778,000 -4,186,000   
      equity-based compensation
    		12,389,000 12,799,000 11,726,000 11,785,000 4,673,000 3,223,000 2,906,000 3,264,000 3,117,000 2,846,000 3,134,000 2,834,000 2,085,000 1,897,000 1,698,000 1,711,000 1,654,000 2,341,000 1,769,000 1,759,000 1,803,000 1,748,000 1,939,000 1,761,000 1,756,000 1,727,000 1,605,000 1,595,000 1,595,000 1,587,000 1,272,000 1,284,000 1,572,000 1,416,000 
      equity in income of investees
    		-20,069,000 -9,439,000 -3,643,000 -11,611,000 -6,373,000 -7,389,000 -34,233,000 -241,000 -287,000 -132,000 -4,058,000 -389,000 91,000 -732,000 -18,632,000    -23,690,000    -5,919,000 -4,454,000   2,894,000 -4,934,000   -4,036,000 -2,895,000 -4,252,000 -5,919,000 
      net realized (gain) loss on sale of investments
    		  0 -36,000                               
      fair value adjustment of other investments
    		0 -413,000 -295,000 -72,000 -1,041,000 -8,739,000 288,000 -400,000   -2,152,000 -13,226,000 -1,008,000 -4,344,000  -19,936,000                   
      proceeds received from funds
    		7,125,000 10,141,000                                 
      non-cash lease expense
    		2,145,000 2,734,000 2,399,000 1,830,000 2,690,000 2,088,000 1,900,000 2,797,000 1,937,000 2,062,000 2,090,000 2,467,000 1,529,000 1,374,000 2,680,000 870,000 2,818,000 3,522,000 3,024,000                
      other
    		321,000 321,000 629,000 185,000 199,000 198,000 195,000 280,000 195,000 36,000 51,000 -2,904,000 26,000 14,000 -858,000 9,000 883,000 -849,000 1,676,000 -181,000 -6,000 82,000 -180,000 -76,000 7,000 667,000 124,000 0 0 66,000 215,000 1,000 899,000 129,000 
      changes in operating assets and liabilities:
    		                                  
      fees receivable
    		19,962,000 23,350,000 -45,789,000 -40,113,000 45,590,000 -32,808,000 -40,540,000 -5,951,000 4,065,000 -18,725,000 4,934,000 -4,578,000 -2,514,000 6,887,000 -4,784,000 -5,374,000 -12,664,000 155,000 -2,578,000 6,448,000 -9,395,000 6,707,000 -10,859,000 -1,820,000 2,003,000 673,000 -3,361,000 -3,275,000 3,032,000 -1,786,000 -1,637,000 2,955,000 3,419,000 -7,361,000 
      prepaid expenses
    		-6,874,000 663,000 -1,811,000 7,303,000 -9,256,000 3,579,000 -1,655,000 -2,884,000 1,474,000 1,809,000 -2,739,000 -1,558,000 1,055,000 283,000 -946,000 -1,707,000 1,793,000 177,000 -1,223,000 736,000 261,000 1,071,000 -2,398,000 814,000 -600,000 -88,000 -2,348,000 488,000 298,000 -852,000 -717,000 551,000 591,000 -126,000 
      due from related parties
    		-5,290,000 -3,876,000 5,122,000 -4,872,000 -2,268,000 -6,049,000 1,818,000 -1,710,000 141,000 -777,000 598,000 -303,000 -3,700,000 -1,908,000 144,000 -296,000 639,000 136,000 1,492,000 -473,000 -1,361,000 452,000 62,000 1,531,000 261,000 -1,831,000 -120,000 -717,000 172,000 1,273,000 1,039,000 -1,550,000 226,000 362,000 
      other assets
    		2,281,000 -1,423,000 -782,000 1,188,000 -297,000 -70,000 -1,770,000 13,382,000 -13,657,000 17,389,000 -1,412,000 -6,253,000 -184,000 1,128,000 -236,000 802,000 1,067,000 -1,613,000 742,000 -553,000 -1,162,000 424,000 -1,901,000 -31,000 -217,000 577,000 -1,352,000 1,271,000 -1,179,000 -354,000 327,000 520,000 -159,000 -672,000 
      accounts payable
    		-428,000 1,039,000 219,000 -1,180,000 1,747,000 178,000 1,192,000 -229,000 -2,032,000 1,015,000 2,515,000 103,000 -1,628,000 743,000 637,000 1,066,000 -2,025,000 976,000 104,000 -234,000 1,155,000 -820,000 -546,000 548,000 -786,000 130,000 175,000 1,968,000 71,000 -1,295,000 620,000 297,000 -543,000 -40,000 
      accrued compensation and benefits
    		20,049,000 15,652,000 -29,215,000 6,340,000 3,195,000 32,257,000 -22,069,000 10,897,000 14,625,000 8,336,000 -41,572,000 1,551,000 27,286,000 16,807,000 -28,165,000 7,449,000 9,229,000 2,189,000 -11,371,000 4,283,000 13,060,000 12,639,000 -15,497,000 5,612,000 4,999,000 3,899,000 -20,581,000 2,823,000 8,613,000 13,694,000 -19,959,000 7,512,000 8,996,000 8,126,000 
      lease liability
    		-2,351,000 -2,277,000 -2,201,000 -2,318,000 -2,260,000 -2,233,000 -2,233,000 -2,249,000 -2,142,000 -1,954,000 -1,996,000 -1,899,000 -1,863,000 -1,819,000 -1,920,000 -83,000 -2,098,000 771,000 4,571,000                
      other liabilities
    		-11,845,000 2,327,000 14,610,000 1,544,000 2,793,000 69,000 2,184,000 -1,310,000 3,031,000 -1,402,000 -1,668,000 2,661,000 4,032,000 -18,241,000 18,768,000 3,103,000 1,357,000 -10,917,000 9,808,000 643,000 1,094,000 -1,542,000 1,077,000 1,993,000 -2,886,000 372,000 1,001,000 -235,000 -305,000 867,000 1,929,000 162,000 -1,309,000 58,000 
      consolidated funds and partnerships:
    		                                  
      net unrealized gain on investments
    		                                  
      change in other assets and liabilities
    		4,655,000 626,000                                 
      net cash from operating activities
    		118,898,000 128,932,000 39,281,000 64,394,000 117,402,000 79,743,000 21,712,000 -36,429,000 77,596,000 57,973,000 13,218,000 57,517,000 94,902,000 60,952,000 17,011,000 68,589,000 51,534,000 32,389,000 40,367,000 58,157,000 42,179,000 47,455,000 8,318,000 41,852,000 32,801,000 33,402,000 4,713,000 33,853,000 35,192,000 37,864,000 1,349,000 32,552,000 33,605,000 29,186,000 
      investing activities:
    		                                  
      purchase of furniture, fixtures and equipment
    		-1,086,000 -1,344,000 -3,443,000 -5,633,000 -1,574,000 -1,506,000 -1,610,000 -3,187,000 -2,891,000 -3,385,000 -1,486,000 -771,000 -783,000 -1,707,000 -738,000 -1,104,000 -2,149,000 -4,535,000 -10,079,000 -6,410,000 -1,150,000 -998,000 -771,000 89,000 -559,000 -737,000 -608,000 -1,533,000 -1,812,000 -1,413,000 -1,102,000 -433,000 -331,000 -388,000 
      purchase of investments
    		  -5,898,000 -794,000 1,000 -5,001,000 0 0 -5,175,000 -1,177,000                         
      proceeds from sale of investments
    		  0 5,755,000    0 0 1,343,000  0                       
      proceeds from sale of intangible assets
    		  292,000 511,000   743,000 823,000 863,000 876,000                         
      distributions received from funds
    		2,276,000 2,355,000                                 
      contributions to funds
    		-19,075,000 -13,202,000                                 
      cash from consolidating funds
    		  0 0 0 12,100,000                             
      net cash from investing activities
    		-134,109,000 -93,807,000 -49,627,000 -42,912,000 -27,169,000 2,132,000 -28,187,000 -8,988,000 -45,287,000 -39,722,000 -23,653,000 262,233,000 -4,215,000 -56,453,000 -14,823,000 -36,055,000 -15,178,000 -4,431,000 -374,368,000 -30,062,000 -11,277,000 -6,074,000 -20,670,000 -18,450,000 -292,000 -10,488,000  -14,227,000 16,674,000 -8,094,000 -6,577,000    
      net unrealized gain on investment
    		 -8,574,000 -4,285,000 -3,707,000 -1,955,000 -901,000 0 0                           
      proceeds received from partnerships
    		  7,787,000 25,425,000 7,976,000 6,062,000 6,094,000 9,162,000 6,938,000 6,060,000 4,104,000 3,374,000                       
      gain on sale of intangible asset
    		          0                        
      impairment of other investment
    		          0                        
      consolidated variable interest entities related:
    		                                  
      change in warrant liability measured at fair value
    		          0 -637,000 -280,000 -1,966,000                     
      cash relinquished from deconsolidation of fund
    		  0                                
      cash paid for acquisition of business
    		          0 0 0 -1,500,000  0 0 -10,096,000             -1,000 187,000   
      purchase of convertible notes
    		                                  
      distributions received from investments
    		             2,227,000  -8,868,000 7,675,000 13,281,000  11,036,000 4,566,000 4,162,000 809,000 2,040,000 2,977,000 1,861,000 2,448,000 4,061,000 2,145,000 1,960,000 5,263,000 3,641,000 3,686,000 3,465,000 
      distributions received from partnerships
    		  6,215,000 3,803,000 3,447,000 9,231,000 3,417,000 4,729,000 4,325,000 1,676,000 -1,552,000 6,750,000                       
      contributions to partnerships
    		  -5,321,000 -29,159,000 -13,518,000 -10,410,000 -22,737,000 -11,353,000 -946,000 -22,686,000 -21,193,000 -13,811,000                       
      (purchase) sale of investments
    		      0                            
      other assets and liabilities
    		   3,523,000 -6,839,000 296,000  -10,000 2,811,000 -3,243,000 6,111,000 75,000 -421,000 14,000 16,000 202,000 94,000 129,000                 
      financing activities:
    		                                  
      private placement of senior notes, net of deferred financing cost
    		                                  
      repayments of long term debt
    		                                  
      draw-down on revolver
    		       0 0 10,000,000  0 0 25,000,000          0 0 15,000,000         
      repayment of revolver
    		      0 0 0 -25,000,000  0     0 -15,000,000     0 0 0 -15,000,000         
      repurchase of class a shares for employee tax withholding
    		   -72,000 -391,000 -527,000  -161,000 0 -108,000  -69,000     -537,000 -68,000  0    0 -28,000 -17,000  0 -24,000 -150,000  0   
      proceeds received from issuance of shares under employee share purchase plan
    		   762,000 620,000 649,000 587,000 584,000 531,000 551,000  440,000 516,000 485,000   487,000 397,000  370,000 368,000 339,000  293,000 316,000 276,000         
      dividends paid
    		   -19,454,000 -19,451,000 -17,628,000 -16,793,000 -16,784,000 -16,780,000 -15,049,000  -14,803,000 -14,800,000 -12,947,000   -12,600,000 -11,201,000  -10,773,000 -10,102,000 -8,027,000 -8,026,000 -8,023,000 -7,345,000 -5,673,000 -5,325,000 -4,729,000 -4,729,000 -3,893,000 -3,171,000 -1,000   
      members’ distributions paid
    		   -5,289,000 -14,234,000 -16,787,000 -12,055,000 -3,218,000 -10,176,000 -18,423,000  -3,756,000 -11,587,000 -30,485,000   -10,194,000 -15,809,000  -4,964,000 -9,129,000 -12,429,000 -10,755,000 -3,938,000 -10,430,000 -22,245,000         
      contributions from non-controlling interests in general partnerships
    		   168,000    297,000                           
      distributions to non-controlling interests in general partnerships
    		   -144,000    -16,000                           
      contributions from non-controlling interests in consolidated funds
    		   0 5,500,000 4,500,000 0 0                           
      net cash from financing activities
    		   73,004,000 -28,482,000 -30,418,000 -43,341,000 -19,923,000 72,497,000 -4,834,000  -292,009,000 -52,525,000 6,496,000   -23,033,000 -42,087,000  -17,187,000 -20,251,000 -20,343,000 -19,025,000 -13,739,000 -18,810,000 -13,135,000 -20,693,000 -15,855,000 -29,951,000 -23,711,000     
      increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities
    		   94,486,000 61,751,000 51,457,000 -49,816,000 -65,340,000 104,806,000 13,417,000                         
      cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the period
    		   0 0 119,619,000  0 0 116,552,000                         
      cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at end of the period
    		   94,486,000 61,751,000 171,076,000  -65,340,000 104,806,000 129,969,000  27,741,000 38,162,000 87,192,000                     
      repayments of debt
    		    -625,000 -625,000  -625,000 -625,000 -625,000  -1,709,000 -1,707,000 -457,000   -457,000 -469,000  -468,000    -1,876,000 -936,000 -938,000 -938,000 -938,000 -10,918,000 -469,000 -469,000 -469,000   
      net realized loss on sale of investments
    		         288,000                         
      net realized gain on sale of investments
    		      0 0                           
      cash relinquished with deconsolidation of fund
    		      0                            
      proceeds from sales of investments
    		                                  
      proceeds from offering
    		                     204,979,000 0 0    0       
      purchase of membership interests
    		                   0 -149,650,000 -204,979,000 0 0   -63,878,000 0       
      borrowings of debt, net of deferred financing costs
    		                              0 0   
      drawdown of revolver
    		                                  
      repurchase of class b common stock
    		                   0 -2,000 -2,000 0 0    0       
      repurchase of class a common stock for employee tax withholding
    		                                  
      payments to related parties pursuant to the tax receivable agreement
    		                                  
      contributions from non-controlling interest in general partnerships
    		         148,000  332,000 222,000 133,000   511,000 232,000  14,000 24,000 32,000 15,000 1,000    13,000 0 17,000  18,000   
      distributions to non-controlling interest in general partnerships
    		         -22,000  -921,000 -76,000 -233,000   -241,000 -95,000  -1,366,000 -905,000 -220,000 -95,000 -196,000    -1,013,000 -350,000 -454,000  -1,284,000   
      redemption of class a common shares of hamilton lane alliance holdings i, inc.
    		                                  
      cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the year
    		                                  
      cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at end of the year
    		                                  
      equity in (income) loss of investees
    		       46,000 -8,251,000 -11,866,000     -313,000 47,087,000 -27,208,000 -20,049,000        -6,213,000         
      loans to investees
    		          0                        
      distributions from investments
    		           0                       
      borrowings of debt
    		           6,682,000 0 25,000,000                     
      fair value adjustment of investments
    		         -757,000                         
      contributions from non-controlling interest in consolidated funds
    		         43,694,000                         
      gain on sale of investment
    		          -2,447,000 0                       
      change in deferred incentive fee revenue
    		                                  
      purchase of intangible assets
    		                                  
      sale (purchase) of investments held in trust
    		                                  
      equity in loss (income) of investees
    		           -650,000 7,518,000 625,000       -17,979,000 21,203,000        114,000     
      purchase of other investments
    		           -6,889,000 -7,000,000 -20,236,000  -18,000,000 -500,000 -298,000  0   0 0 0 -3,967,000         
      sale of investments held in trust
    		                                  
      proceeds from offerings
    		                   0               
      payments to related parties, pursuant to tax receivable agreement
    		                   0 0 -36,000             
      increase in cash, cash equivalents, and restricted cash
    		           27,741,000 38,162,000 10,995,000   13,323,000 -14,129,000  10,908,000 10,791,000 21,028,000 -31,484,000 9,611,000 13,710,000 9,783,000 -29,551,000 3,784,000 21,915,000 6,059,000 -21,081,000 19,741,000 2,395,000 14,193,000 
      cash, cash equivalents, and restricted cash at beginning of the period
    		           0 0 76,197,000   0 90,377,000  0 0 53,210,000  0 0 51,590,000  0 0 49,383,000  0 0 34,135,000 
      loan to investee
    		                      0    0        
      proceeds received from investments
    		             3,343,000  27,543,000 8,021,000 3,381,000 80,000 681,000 -134,000 157,000 4,286,000 4,297,000 1,984,000 2,194,000 2,425,000 4,127,000 4,846,000 2,679,000 3,054,000 3,312,000 2,849,000 5,176,000 
      distribution from investment valued under the measurement alternative
    		               0 0 12,739,000                 
      contributions to investments
    		             -35,237,000 -16,808,000 -20,706,000 -20,204,000 -15,522,000 -12,792,000 -33,688,000 -14,193,000 -9,238,000 -16,536,000 -20,422,000 -9,129,000 -7,645,000 -15,406,000 -15,810,000 -6,191,000 -8,641,000 -10,737,000 -7,699,000 -5,321,000 -6,589,000 
      gain on sale of investments valued under the measurement alternative
    		                      0 0           
      fair value adjustment to investments valued under the measurement alternative
    		                                  
      unrealized gain on warrants measured at fair value
    		                                  
      purchase of investments valued under the measurement alternative
    		                                  
      distributions received from investments valued under the measurement alternative
    		                                  
      proceeds from sales of investments valued under the measurement alternative
    		                      0 0           
      acquisition of business
    		                                  
      purchase of investments held in trust
    		                                  
      cash paid for purchase of intangible assets
    		                                  
      proceeds from sale of investment valued under the measurement alternative
    		                                  
      unrealized loss on warrants measured at fair value
    		                -1,176,000 2,244,000                 
      effect of exchange rate changes on cash and cash equivalents
    		                   0 140,000 -10,000 -107,000 -52,000 11,000 4,000 -5,000        
      cash, cash equivalents, and restricted cash at end of the period
    		                13,323,000 76,248,000  10,908,000 10,791,000 74,238,000  9,611,000 13,710,000 61,373,000  3,784,000 21,915,000 55,442,000  19,741,000 2,395,000 48,328,000 
      fair value adjustment of other investment
    		                 -3,455,000                 
      fair value adjustment to investment valued under the measurement alternative
    		                                  
      gain on investments valued under the measurement alternative
    		                                  
      secured financing
    		                      0 0 0 15,750,000         
      write-off of deferred financing costs
    		                              0    
      deferred incentive fee revenue
    		                                  
      proceeds received from issuance of shares under employee stock plans
    		                                  
      cash, cash equivalents, and restricted cash at beginning of year
    		                                  
      cash, cash equivalents, and restricted cash at end of year
    		                                  
      deferred incentive fees
    		                           0 0 -2,541,000     
      contributions from non-controlling interest holders
    		                         9,000         
      distributions to non-controlling interest holders
    		                         -297,000         
      gain on sale of investments valued at the measurement alternative
    		                          0        
      proceeds from sales of investments valued at the measurement alternative
    		                          0        
      net cash from provided by investing activities
    		                                  
      contributions from non-controlling interest in partnerships
    		                                 40,000 
      distributions to non-controlling interest in partnerships
    		                                 -1,134,000 
      proceeds from ipo, net of underwriting discount
    		                                  
      payment of deferred offering costs
    		                                  
      sale of membership interests
    		                                  
      (repurchase) issuance of class b common stock
    		                                  
      purchase of restricted stock for tax withholdings
    		                                  
      amortization of deferred financing costs
    		                           14,000 13,000 14,000 14,000 14,000 54,000 85,000 
      other unrealized gains
    		                                  
      proceeds received from option exercises
    		                              0 0 0 313,000 
      members’ distributions
    		                           -9,188,000 -13,928,000 -18,762,000  -6,771,000 -16,162,000 -9,387,000 
      gain on sale of investments
    		                                  
      proceeds from sales of other investments
    		                                  
      gain on sale
    		                                  
      net cash (used in) financing activities
    		                                -23,830,000 -11,481,000 
      write off of deferred financing costs
    		                                  
      net cash (used in) investing activities
    		                                -7,380,000 -3,512,000 
      repayments of senior secured term loan
    		                                 -650,000 
      purchase of class a shares for tax withholdings
    		                                 -663,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.