HAMILTON LANE INC
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $80.5M | $66.2M | $58.4M | $70.9M | $53.7M | $50.5M | $53.0M | $55.0M |
| Depreciation & Amortization | $2.5M | $2.4M | $2.4M | $2.5M | $2.5M | $2.2M | $2.4M | $2.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $12.9M | $12.7M | $13.0M | $12.4M | $12.8M | $11.7M | $11.8M | $4.7M |
| Net Cash from Operating Activities | $77.2M | $103.0M | $74.1M | $118.9M | $128.9M | $39.3M | $64.4M | $117.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.8M | $1.7M | $1.7M | $1.1M | $1.3M | $3.4M | $5.6M | $1.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-146.9M | $-149.8M | $-117.1M | $-134.1M | $-93.8M | $-49.6M | $-42.9M | $-27.2M |
| Financing Activities | ||||||||
| Dividends Paid | $22.5M | $22.6M | $22.6M | $22.3M | $20.2M | $19.5M | $19.5M | $19.5M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $47.8M | $69.3M | $56.7M | $26.5M | $3.3M | $-33.3M | $73.0M | $-28.5M |
| Net Change in Cash | $-22.2M | $23.9M | $13.6M | $12.2M | $38.5M | $-43.7M | $94.5M | $61.8M |
| Free Cash Flow | $75.3M | $101.2M | $72.4M | $117.8M | $127.6M | $35.8M | $58.8M | $115.8M |