NASDAQ$HLNE

Hamilton Lane Incorporated · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong growth in Q3 2021, driven by management and advisory fees and assets under management.

Hamilton Lane reported a strong third quarter in fiscal year 2021, with management and advisory fees increasing by nearly 26% year-over-year and assets under management growing by 14% year-over-year. GAAP EPS was $0.96, and total assets under management reached approximately $76 billion.

  • Total assets under management reached approximately $76 billion, a 14% increase year-over-year.
  • Fee-earning assets under management increased by 9% to approximately $40 billion year-over-year.
  • Management and advisory fees for the quarter were approximately $75 million, representing a growth of nearly 26% versus the prior year period.
  • GAAP EPS was $0.96 on approximately $33.2 million of GAAP net income for the quarter.

Headline financials

Total Revenue

$84.6M

Previous: $68.1M+24.1%
EPS (adj)

$0.87

Previous: $0.47+85.1%
Fee-Earning AUM

40.0B

Previous: 37.0B+8.1%
Assets Under Management

76.0B

Previous: 66.0B+15.2%
Capital Expenditures

-$8.56M

Previous: -$1.21M-609.0%
Free Cash Flow

$24.6M

Previous: $12.3M+100.5%
Net Income

$33.2M

Previous: $13.5M+146.0%
Operating Income

-$41.9M

Previous: -$39.2M-6.7%
Cash & Equivalents

$92.9M

Previous: $81.6M+13.8%
Total Assets

$716M

Previous: $469M+52.5%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$84.6M

Q3 2021+24.1%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hamilton Lane · $84.6M total across 2 segments · Q3 2021

  • Management and Advisory Fees
    $75.3M+25.8%
  • Incentive Fees
    $9.3M+12.1%

Forward guidance

Some statements in the release may constitute forward-looking statements, and are subject to risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission.

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 Q3 2021

Historical avgQ3 2021

+1.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.3%

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+4.0%+6.0%-3.4%
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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