NASDAQ$HLNE

Hamilton Lane Incorporated · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Hamilton Lane reported Q2 2023 results, with management and advisory fees increasing and AUM growing year-over-year.

Hamilton Lane Incorporated reported second quarter fiscal 2023 results. Assets Under Management grew by 12% year-over-year. Management and advisory fees increased by 22% versus the prior year period. The company declared a quarterly dividend of $0.40 per share of Class A common stock.

  • Total assets under management of $107.1 billion grew 12% year-over-year.
  • Fee-earning assets under management increased 18% to $52.7 billion over the same period.
  • Management and advisory fees of $92.9 million for the quarter represent growth of 22% versus the prior year period.
  • GAAP EPS of $0.97 on $34.9 million of GAAP net income for the quarter.

Headline financials

Total Revenue

$153M

Previous: $96.3M+59.2%
EPS (adj)

$1.02

Previous: $1.38-26.1%
Fee-Earning AUM

52.7B

Previous: 45.0B+17.1%
Assets Under Management

107.1B

Previous: 96.0B+11.6%
Capital Expenditures

-$2.49M

Previous: -$6.68M+62.7%
Free Cash Flow

$32.4M

Previous: $45.5M-28.7%
Net Income

$34.9M

Previous: $52.1M-33.1%
Operating Income

-$83.6M

Previous: -$49.8M-67.7%
Total Assets

$1.39B

Previous: $1.23B+12.5%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$153M

Q2 2023+59.2%vs Q2 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Hamilton Lane · $152M total across 2 segments · Q2 2023

  • Management and Advisory Fees
    $92.9M+22.3%
  • Incentive Fees
    $59.2M+177.3%

Forward guidance

The company did not provide forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+1.2%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.4%

Avg return

30 days after

62%

23 / 37 earnings

Positive

+12.4%

Q2 2018

Best reaction

-11.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+3.1%
Q3 2026+0.3%-6.8%-22.2%
Q2 2026+6.5%+14.0%+7.3%
Q1 2026+3.8%+2.4%-2.6%
Q4 2025-11.0%-14.8%-17.9%
Q3 2025+2.2%+5.8%-6.6%
Q2 2025+5.1%+11.9%+0.7%
Q1 2025+4.3%+8.6%+17.5%
Q4 2024+6.5%+9.1%-1.4%
Q3 2024-4.1%-2.7%-8.6%
Q2 2024+1.1%+1.1%+13.7%
Q1 2024+2.4%+3.5%+4.9%
Q4 2023-0.7%+0.7%+13.5%
Q3 2023-0.6%-1.8%-6.8%
Q2 2023+6.8%+9.1%+21.8%
Q1 2023-2.5%-2.9%-9.5%
Q4 2022+5.1%+4.0%+5.7%
Q3 2022-1.1%-5.8%-13.2%
Q2 2022+4.6%+5.2%+0.3%
Q1 2022-7.9%-0.8%-6.5%
Q4 2021-3.7%-5.0%-3.6%
Q3 2021+0.2%+6.6%+8.2%
Q2 2021-2.5%-2.6%-2.7%
Q1 2021-0.2%-0.0%-6.1%
Q4 2020+1.1%+1.5%-12.2%
Q3 2020+2.4%+5.7%-4.5%
Q2 2020-8.9%-8.4%-4.7%
Q1 2020-3.0%-1.0%+12.3%
Q4 2019-1.6%+1.6%+15.8%
Q3 2019+12.0%+14.5%+21.8%
Q2 2019+8.1%+5.1%+0.1%
Q1 2019-2.9%-3.8%+0.6%
Q4 2018+0.4%-2.9%+1.2%
Q3 2018+3.3%-2.6%-0.2%
Q2 2018+12.4%+13.3%+24.3%
Q1 2018+1.8%+1.6%+3.2%
Q4 2017+0.9%+2.6%+6.7%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2015
Q2 2015
Q1 2015

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