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Hamilton Lane (HLNE) Reports Q3 Earnings: What Key Metrics Have to Say

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Hamilton Lane (HLNE - Free Report) reported $198.59 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 18%. EPS of $1.55 for the same period compares to $1.25 a year ago.

The reported revenue represents a surprise of +2.92% over the Zacks Consensus Estimate of $192.95 million. With the consensus EPS estimate being $1.28, the EPS surprise was +21.41%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Hamilton Lane performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Fee Earning AUM - Customized Separate Accounts (CSA): $41.08 billion compared to the $41.53 billion average estimate based on three analysts.
  • Fee Earning AUM - Total: $79.14 billion compared to the $78.8 billion average estimate based on three analysts.
  • Fee Earning AUM - Specialized Funds (SF): $38.07 billion compared to the $37.28 billion average estimate based on three analysts.
  • Total AUM & AUA: $1017.61 billion compared to the $1032.38 billion average estimate based on two analysts.
  • Assets Under Management (AUM): $146.12 billion versus $148.82 billion estimated by two analysts on average.
  • Assets Under Advisement (AUA): $871.49 billion versus the two-analyst average estimate of $883.56 billion.
  • Revenues- Incentive fees: $45.38 million compared to the $43.01 million average estimate based on three analysts. The reported number represents a change of +10.2% year over year.
  • Revenues- Management and advisory fees- Customized separate accounts: $36.11 million compared to the $36.15 million average estimate based on three analysts. The reported number represents a change of +6.4% year over year.
  • Revenues- Management and advisory fees: $153.18 million versus $149.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +21.3% change.
  • Revenues- Management and advisory fees- Specialized funds: $98.53 million versus $96.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.1% change.
  • Revenues- Management and advisory fees- Fund reimbursement revenue: $3.95 million versus $2.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +40.7% change.
  • Revenues- Management and advisory fees- Distribution management: $0.46 million compared to the $0.68 million average estimate based on two analysts. The reported number represents a change of -54.6% year over year.

View all Key Company Metrics for Hamilton Lane here>>>

Shares of Hamilton Lane have returned -2.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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