v3.25.4

GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and Other Intangible Assets

The following table provides a reconciliation of Goodwill and Other intangible assets, net reported on the Consolidated Balance Sheets.

			Useful Lives						December 31, 2025						March 31, 2025
Goodwill			Indefinite						$	1,292,804					$	1,284,589
Tradename-Houlihan Lokey			Indefinite						192,210						192,210
Other intangible assets			Varies						134,684						133,785
Total cost									1,619,698						1,610,584
Less: accumulated amortization									(127,297)						(113,325)
Goodwill and Other intangible assets, net									$	1,492,401					$	1,497,259

The following table provides a reconciliation of goodwill attributable to the Company’s business segments:

			April 1, 2025						Change (1)						December 31, 2025
Corporate Finance			$	1,017,983					$	6,689					$	1,024,672
Financial Restructuring			162,815						—						162,815
Financial and Valuation Advisory			103,791						1,526						105,317
Goodwill			$	1,284,589					$	8,215					$	1,292,804

(1)Changes pertain primarily to foreign currency translation adjustments.

Amortization expense of approximately $1,310 and $4,066 was recognized for the three months ended December 31, 2025 and 2024, respectively, and $13,374 and $9,674 was recognized for the nine months ended December 31, 2025 and 2024, respectively.

The estimated future amortization for finite-lived intangible assets for each of the next five fiscal years and thereafter are as follows:

			Year Ending March 31,
Remainder of 2026			$	654
2027			869
2028			711
2029			685
2030 and thereafter			4,165

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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