NASDAQ$HLNE

Hamilton Lane Incorporated · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Hamilton Lane reported Q3 2022 results with AUM growing by 29% and management and advisory fees increasing by 6% year-over-year.

Hamilton Lane reported strong growth in Q3 2022, driven by its evergreen platform and institutional offerings. Total assets under management reached $98.1 billion, a 29% increase year-over-year. Management and advisory fees grew by 6% compared to the prior year period, and GAAP EPS was $1.40.

  • Total assets under management grew 29% year-over-year, reaching $98.1 billion.
  • Fee-earning assets under management increased 15% to $46.1 billion year-over-year.
  • Management and advisory fees increased 6% year-over-year, totaling $79.8 million.
  • GAAP EPS was $1.40, with a GAAP net income of $51.8 million.

Headline financials

Total Revenue

$91.7M

Previous: $84.6M+8.4%
EPS (adj)

$1.27

Previous: $0.87+46.0%
Unrealized Carried Interest

$1.1B

No prior period
Fee-Earning AUM

46.1B

Previous: 40.0B+15.3%
Assets Under Management

98.1B

Previous: 76.0B+29.1%
Capital Expenditures

-$7.79M

Previous: -$8.56M+9.0%
Free Cash Flow

$44.1M

Previous: $24.6M+78.8%
Net Income

$51.8M

Previous: $33.2M+56.2%
Operating Income

-$50.7M

Previous: -$41.9M-21.0%
Total Assets

$1.28B

Previous: $716M+78.7%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$91.7M

Q3 2022+8.4%vs Q3 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hamilton Lane · $90.3M total across 2 segments · Q3 2022

  • Management and Advisory Fees
    $79.8M+6.1%
  • Incentive Fees
    $10.5M+12.7%

Forward guidance

This document does not contain forward guidance.

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 2022

Historical avgQ3 2022

+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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