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Stock Ratings / Financials / HLNE / financials
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Hamilton Lane Incorporated (HLNE) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$87.84 +4.68% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $88.41

Hamilton Lane Incorporated (HLNE) carries a Roarable Rating of C+ (Hold) with 66/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C+ • HOLD / WATCH Cap $4.62B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on HLNE Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is HLNE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Hamilton Lane Incorporated (NASDAQ: HLNE) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 66/100 at a spot price of $87.84 (+4.68% 1D, market cap $4.62B). Pillar breakdown: Fundamental Cash Engine 19/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 17/20. Across 1097 tracked Financials issuers, HLNE ranks #200 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does HLNE compare to MC and FHI in the Financials sector?
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Within the Financials sector (Investment Managers), HLNE carries a Roarable C+ (66/100 RQD), trailing P/E of 18.9x, gross margin of —, and ROIC of 24.7%. By comparison, MC (Moelis & Company) holds a C grade (64/100 RQD, P/E 18.1x, ROIC 42.8%, cap $4.59B) and FHI (Federated Hermes Inc.) posts a B grade (74/100 RQD, P/E 10.7x, ROIC 39.8%, cap $4.37B). Among the 5-stock peer group, FHI leads on earnings multiple (10.7x) while MC leads on capital efficiency (42.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for HLNE?
▼

Per HLNE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001433642), Hamilton Lane Incorporated generated $759.0M in revenue (+6.5% YoY), $249.2M in net income, and $419.1M in free cash flow against $2.17B in total assets and $380.1M in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $88.41 (+0.65%)🧬 Cannibal Buyback (-2.64% YoY Shares)⚙️ Cash Engine: 19/20 (A+) • 55.2% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 66/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.4% avg 90D alpha vs SPY • 56.0% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510066
2-of-3 Quant Analysts Bullish
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw B- · Rk C-
Cash (19)Whales (6)SEC (15)Macro (9)CEO (17)
Each axis scored 0–20
12M PRICE TARGET CONE+3.6% Base Target
$163 Bull$91 Base$71 Bear
📬 FREE HLNE RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HLNE)Realized 20D OHLCV Swing Band: ±8.4%
Deterministic 5-Pillar Attribution (66/100 Composite)
🔍 WHY HLNE SCORES 66/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+19/20 pts (29% of score)

SEC XBRL FY 2025 (10-K): 55.2% FCF Margin ($419.1M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+17/20 pts (26% of score)

SEC Form 4 / 13F Thermometer: 85% Net Buy • Cannibal Buyback (-2.64% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning6/20 pts (-14 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
58
Grade C$82.01+0.5% Next Q
Q2 (-2Q)
61
Grade C$82.46+0.3% Next Q
Q3 (-1Q)
63
Grade C+$82.72+6.2% Next Q
Current
66
Grade C+$87.84+1.4% Hist 90D α
Trajectory: C (58) → C+ (66)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the HLNE Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 66/100 (C+) score, HLNE faces multiple-compression risk if 18.9x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.64% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($89.74) or 200D SMA ($96.53) invalidates the momentum regime and cuts Target Base ($91.00) toward Bear Floor ($70.98).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HLNE• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “HLNE Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”
YES 66%NO 34%Trade / Inspect Odds →
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How HLNE Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$419.1M (55.2% FCF Margin)
Revenue$759.0MGross Profit $394.7M (52%)Cost of Sales $364.3MOp Profit $294.0M (38.7%)OpEx (R&D/SG&A) $100.6MNet Profit$249.2M (32.8%)Tax/Other $44.9M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $553.8M
FY24
Rev $713.0M
FY25
Rev $759.0M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$759.0M52%38.7%$249.2M$419.1M22.8%
FY 2024$713.0M52%36%$217.4M$288.7M25.3%
FY 2023$553.8M52%30%$140.9M$95.9M8.4%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HLNE)

  • ✓Walkthrough of HLNE's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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HLNE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -3.60%📐 HORIZONTAL RANGE
2026-11-03O $85.66H $87.84L $83.91C $87.84VOL 419.8K
RES: $123.2SUP: $79.76SMA50: $89.74SMA200: $96.53
$132.2$115.8$99.49$83.15$66.81RES $123.2SUP $79.76$87.842026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HLNE Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HLNE Butterfly Map → + Track HLNE →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
12.3%/yr Implied 5Y Growth

vs. +6.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on HLNE today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HLNE. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for HLNE today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HLNE)

Financials Rank #200 of 1097 ⚔️ MC vs HLNE Full Matrix →

1. Head-to-Head Financials Peer Comparison (HLNE vs. MC, FHI, STEP, MAAS)

Industry: Investment Managers (79 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Hamilton Lane Incorporated (HLNE) ranks #200 by composite RQD confidence (66/100, grade C+) and #283 by equity capitalization ($4.62B). Within this direct 5-issuer industry benchmark cohort, FHI leads on earnings valuation at 10.7x trailing P/E, while MC leads on capital efficiency and profitability with 42.8% ROIC and — gross margin. FHI currently holds the highest overall quantitative score in the immediate peer group at 74/100 (B) compared with HLNE at 66/100 (C+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
HLNE ACTIVE
Hamilton Lane Incorporated
C+ 66/100 18.9x — 24.7% +4.68% $4.62B Benchmark Subject
MC
Moelis & Company
C 64/100 18.1x — 42.8% +4.08% $4.59B /mc-vs-hlne →
FHI
Federated Hermes Inc.
B 74/100 10.7x — 39.8% +6.98% $4.37B /fhi-vs-hlne →
STEP
StepStone Group Inc.
D 46/100 — — -35.0% +3.73% $5.22B /step-vs-hlne →
MAAS
Maase Inc. (Class A)
D 49/100 — — — +1.39% $5.42B /maas-vs-hlne →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-03-31 • CIK 0001433642 ↗

In its most recent audited fiscal period (FY2025, filed 2026-03-31), Hamilton Lane Incorporated (HLNE) reported GAAP revenue of $759.0M (+6.5% vs. FY2024 revenue of $713.0M , and +37.0% cumulative change since FY2023) , GAAP net income of $249.2M, operating cash flow of $424.9M, and free cash flow of $419.1M (+45.2% YoY). On the balance sheet, HLNE closed FY2025 with $2.17B in total assets against $380.1M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 9/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2026-03-31 $759.0M $249.2M $424.9M $419.1M $2.17B $380.1M
FY2024 (FY) 2025-03-31 $713.0M $217.4M $300.8M $288.7M $1.59B $328.1M
FY2023 (FY) 2024-03-31 $553.8M $140.9M $120.9M $95.9M $2.60B $607.6M

3. HLNE Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HLNE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Hamilton Lane Incorporated (NASDAQ: HLNE) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 66/100 at a spot price of $87.84 (+4.68% 1D, market cap $4.62B). Pillar breakdown: Fundamental Cash Engine 19/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 17/20. Across 1097 tracked Financials issuers, HLNE ranks #200 in composite RQD confidence.

How does HLNE compare to MC and FHI in the Financials sector?

Within the Financials sector (Investment Managers), HLNE carries a Roarable C+ (66/100 RQD), trailing P/E of 18.9x, gross margin of —, and ROIC of 24.7%. By comparison, MC (Moelis & Company) holds a C grade (64/100 RQD, P/E 18.1x, ROIC 42.8%, cap $4.59B) and FHI (Federated Hermes Inc.) posts a B grade (74/100 RQD, P/E 10.7x, ROIC 39.8%, cap $4.37B). Among the 5-stock peer group, FHI leads on earnings multiple (10.7x) while MC leads on capital efficiency (42.8% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HLNE?

Per HLNE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001433642), Hamilton Lane Incorporated generated $759.0M in revenue (+6.5% YoY), $249.2M in net income, and $419.1M in free cash flow against $2.17B in total assets and $380.1M in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HLNE trading relative to its 50-day, 200-day, and 52-week technical levels?

HLNE last traded at $87.84 (+4.68% on volume of 819,989 shares), positioning the stock -2.12% below its 50-day simple moving average ($89.74) and -9.00% below its 200-day simple moving average ($96.53). Across its 52-week range of $71.88 to $155.66, HLNE sits at the 19.0% percentile with a 14-day RSI of 46.2 (NEUTRAL RANGE) and an implied next-earnings move of ±8.4% ($80.46 to $95.22).

Direct Sub-Reports: HLNE RQD Cockpit HLNE 12M Forecast HLNE Earnings & Move HLNE Dividends & DRIP HLNE Insiders & 13F HLNE Whale Options HLNE Profit Sankey HLNE News & Why
ROARABLE RATING BRIEF • RQD 66/100 (C+) ✓ SEC XBRL & RQD VERIFIED

HLNE — Hamilton Lane Incorporated: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-03-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Hamilton Lane Incorporated (HLNE) earns a live Roarable RQD composite score of 66/100, corresponding to a C+ letter grade (Roarable Hold) at a spot price of $87.84 (+4.68% 1D, market capitalization $4.62B).

  • Fundamental Cash Engine (19/20): Anchored by return on invested capital (ROIC) of 24.7%, gross margin of —, operating margin of 40.1%, and free cash flow yield of 8.88%.
  • Whale 13F & Options Flow (6/20) + Insider Conviction (17/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (15/20): Incorporates a 1.07x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 9/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

. FY 2025 revenue was $759.0M, with operating margin of 40.1% and net margin of 32.8% per market data.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2026-03-31), Hamilton Lane Incorporated (HLNE) reported $759.0M in annual revenue (up from $713.0M in FY2024, +6.5% YoY) and $249.2M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($553.8M revenue, $140.9M net income) through FY2025, HLNE scaled operating cash flow to $424.9M and free cash flow to $419.1M, backed by $2.17B in total assets against $380.1M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (C+ • RQD 66/100): Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 19/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $71.88 – $155.66 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 18.9x trailing P/E and 15.6x EV/EBITDA against 40.1% operating margins and a 1.07x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies cannot be mapped from the source data.

  • Key Question #1: Can HLNE sustain or expand its 40.1% operating margin and 24.7% ROIC against Investment Managers peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $759.0M and free cash flow of $419.1M, how will capital allocation balance growth reinvestment against $380.1M in total debt?
  • Key Question #3: How sensitive is HLNE's 17.6x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.07x)?

HLNE Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Hamilton Lane Incorporated (HLNE) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to HLNE Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

HLNE Bull vs. Bear Conversation Board — What's Your Call at $87.84?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON HLNE 🐻 33% BEARISH CONVICTION
1. Pick Your Side on HLNE:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
CA CashFlowKing RQD DEBATE OPENER • FCF Compounder Hunter 🐂 BULLISH 🎯 Target: $99.01 (+18.0%)
📌 Pinned Debate

Cash generation is strong, with ROIC of 24.7% and an FCF yield of 8.88%, and insiders added US$19.5m of stock.

Here is why I am bullish on HLNE here at $83.91: Cash generation is strong, with ROIC of 24.7% and an FCF yield of 8.88%, and insiders added US$19.5m of stock.. Compare HLNE's 40.1% operating margin and 24.7% ROIC against the rest of Investment Managers. As long as cash conversion holds up, dips toward $79.71 are getting bought.

EarningsSniper 🐂 BULL

@RiskArb_Desk Shorting a 6/20 institutional whale-flow stock at $83.91 is dangerous when funds are rotating into Financials.

RI RiskArb_Desk RQD DEBATE OPENER • Hedged Event Driven 🐻 BEARISH 🎯 Target: $62.93 (-25.0%)
Spot @ $83.91

Institutional flow scores only 6/20 and beta is 1.07, leaving the stock exposed to broad market swings.

Sitting on the sidelines or leaning short HLNE above $83.91. Institutional flow scores only 6/20 and beta is 1.07, leaving the stock exposed to broad market swings.. Until Fundamental Cash Engine (19/20) and FCF yield (8.88%) inflect higher, upside is capped near $155.66.

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