On this page of Benford's Law Stocks.com we present our study of HOULIHAN LOKEY, INC. — ticker symbol HLI. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/21/2021 to 2/3/2026 for HOULIHAN LOKEY, INC. under CIK number 0001302215. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for HLI, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for HOULIHAN LOKEY, INC. based on the past HLI filings our system processed in the past.
Benford Chart for HLI 10Q Filed 2/3/2026
38.6
13.2
9.1
10.3
7.9
7.0
3.7
4.6
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, HLI stockholder letter ]
Total numbers found: 712
Recent share count: 54,515,003 (5's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
712
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for HLI = 72
72

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 1's percentage was above the company's typical historical range.
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • We deducted point upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
HLI's Score Vs. Typical Stock
Benford's Law Stocks Indicator
HLI
Normal-to-low score compared to other filers, falling within the bottom of the middle 50%.
Other Stocks Ranking Near HLI
UYSCU
ASAN
IAU
KMB
 AMN
BDX
HVT
KIND
Check our work! We provide our HOULIHAN LOKEY, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the HLI filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 275 numbers that start with the digit 1. Here they are:
15,431,894
1,056,482
127,600
195,624
14,220
13,843
11,544
157,760
141,433
149,350
1,292,804
1,284,589
199,597
107,659
137,228
157,065
132,799
1,642,988
1,644,831
1,000,000,000
1,000,000,000
15,351,712
16,021,106
15
16
1,588,678
1,394,738
1,981,873
1,722,994
1,218,852
1,059,641
17,570
12,798
18,736
17,942
19,523
16,945
11,740
11,744
19,118
16,904
17,895
1,580,002
1,361,483
160,730
136,102
19,569
169,648
145,118
101,889
103,289
116,548
19,749
116,104
1.75
1.45
1.70
1.39
15,564,859
16
1,516,154
1
116,548
116,548
15,351,712
15
1,588,678
16,082,738
16
1,259,950
1,957,087
1
1
1
16,129,101
16
1,314,974
16,021,106
16
1,394,738
1,482,176
1
147,835
147,835
131,922
131,922
1,183,517
1
1,183,517
1
1
1
15,351,712
15
1,588,678
16,746,676
17
1,163,419
1,836,750
1,939,936
119,535
119,535
126,236
126,236
1,570,319
1,570,319
1
102,289
102,290
19,749
19,749
16,129,101
16
1,314,974
11,632
17,895
149,775
123,982
17,743
16,446
18,626
180,025
114,651
16,062
158,709
134,880
126,700
125,429
139,851
101,963
14,593
1,061,304
141,203
1,056,482
1,061,304
157,760
14
14
14
127,586
127,600
178,150
178,150
16,904
16,904
195,603
195,624
157
14
14
127,041
108
127,600
177,687
164
178,150
17,044
17
157
16,904
195,301
195,624
166,799
167,328
127,027
127,586
195,301
195,624
11,632
10,471
10,409
162,967
159,961
15,390
13,620
141,433
149,350
16,187
1,292,804
1,284,589
192,210
192,210
134,684
133,785
1,619,698
1,610,584
127,297
113,325
1,492,401
1,497,259
1,017,983
1,024,672
162,815
162,815
103,791
1,526
105,317
1,284,589
1,292,804
1,310
13,374
150,000
1.00
101,889
103,289
116,548
1,792,679
1.75
1.45
1.70
1.39
1,140,756
173.51
1,598,346
190,475
114.67
128.85
136.04
1,619,144
10,342
1,070
1,537
17,184
1,198
11,353
107.39
173.74
102.20
120.62
134.08
149,775
123,982
17,053
13,869
1,177
182.75
139,851
101,963
185.39
125,408
1,310,868
1,114,047
156,253
130,942
1,981,873
1,722,994
141,218
127,927
148,141
136,945
14,398
12,410
16,186
15,986
150,728
131,552
151,308
144,280
199,101
184,765
19,569
169,648
145,118
1,324,381
1,312,291
186,832
179,498
1,732,128
1,698,951
1,342,714
1,231,500
1,981,873
1,722,994
1,519,446
1,380,676
We found 94 numbers that start with the digit 2. Here they are:
210,876
257,326
232,673
212,670
260,158
228,713
29,470
2,293,767
2,174,877
22,259
25,861
20,357
29,898
25,880
277,791
258,042
29,026
2,246,892
240,769
240,769
29,470
2,293,767
2,080,541
2,174,877
265,396
265,398
29,470
2,293,767
2
2
2
277,791
277,791
2,080,541
277,791
26,296
27,426
25,861
22,682
248,591
25,218
237,985
23,008
247,622
201,172
232,673
21
21
21
21
21
28,502
28,296
20,607
25,764
240,102
229,883
21,216
200,000
2.00
23.8
27.1
277,791
2,929,837
2,076,287
2,994,720
21,921
208,753
296,055
27,056
273,210
20,383
280,116
2,160
247
252,733
229,015
271,882
239,699
228,923
200,764
22,420
23,337
230,712
239,434
25,880
220,915
207,162
2,204,627
2,120,757
232,436
204,808
2,417,309
2,439,032
We found 65 numbers that start with the digit 3. Here they are:
362,669
3,936,755
3,819,708
3,936,755
3,819,708
390,173
34,083
34,590
33,733
361,511
381,080
325,862
33,811
359,673
38,209
33,561
333
333
325,862
325,862
33,811
33,811
325,862
34,590
3,149
39,923
35,685
326
3,049
351
3,807
3
34,481
35,117
32,356
32,356
356
356
30
32,277
32,356
356
356
321
37,801
30,000
31.3
34.3
325,862
30,562
3,686,093
3,038,028
3,666,170
3,127
3,896
3,128
349,399
379,932
38,041
34,888
341,629
381,080
3,936,755
3,936,755
3,819,708
4's 5's 6's
We found 73 numbers that start with the digit 4. Here they are:
415,132
497,131
438,185
441,001
498,326
401,871
427,751
49,816
444
48,148
47,154
4.89
4.24
4.74
4.05
483
4,942
4,942
44,024
44,024
480,899
444
444
44,404
44,404
40,278
40,278
48,148
48,148
4,481
47,065
411,098
490,225
49,870
400,160
4,942
4,822
4,572
46,450
48,215
43,106
44,290
43,208
43,443
43,030
4,066
4,165
47,900
49,816
4.89
4.24
4.74
4.05
4,519,024
4,703
437,541
45,586
421,133
4,231,218
480,899
473,688
421,602
418,272
48,525
42,561
46,357
40,721
424,839
44,212
427,751
484,636
429,620
491,494
We found 56 numbers that start with the digit 5. Here they are:
54,354,265
54,333,722
53,822,189
54
54
55,758
53,891
50,024
55,502
56,717
54,873
50,889
54,908
53,542
556,342
53,100
54,573,369
55
59,912
59,912
50,745
54,333,722
54
53,403,939
53
54,015,734
54
53,822,189
54
54,333,722
54
52,348,511
52
5,248
54,015,734
54
5,280
53,666
51,779
5,953
58,832
5,109
549
549
510
549
549
5,495
50
53,100
5
500,000
51,078
50,351
57,564
546,276
We found 50 numbers that start with the digit 6. Here they are:
6,764
63,281
634,428
66,633,965
65,831,122
66,615,145
65,563,605
68,426,644
68,760,959
68,691,432
68,558,325
691,719
611,795
611,795
63,281
676,465
66,608
6,669
68,710
667
627
644
6,475
6,988
6,689
654
685
66,633,965
65,831,122
66,615,145
65,563,605
677,013
62,818
6,235
68,601
612,065
60,923
60
676,572
676,465
60,000
634,428
635,473
65,158
60,367
641,305
69,982
62,999
639,159
634,428
7's 8's 9's
We found 26 numbers that start with the digit 7. Here they are:
734,490
717,072
759,693
78,367
734,490
735,277
72,506
72,507
734,490
739,870
710
710
79,693
725
710
78,938
721,854
7,000
74,913
78
711
777,578
717,072
737,888
74,320
717,072
We found 33 numbers that start with the digit 8. Here they are:
881,133
843,350
8,297
828
8,918
851,854
86,357
843,350
8,701
8,702
851,854
86,357
8,608
804
85,725
800,792
84,995
83,819
84,143
8,244
8,092
80,533
8,215
869
83.37
80.49
843,730
8.0
87,883
87,131
81,884
84,291
8,918
We found 40 numbers that start with the digit 9. Here they are:
971,007
936,619
9,561
9,016
95,302
90,057
90,058
95,302
95,302
968,053
91,656
94,028
94,030
987,192
9,706
975,579
971,007
975,579
9,704
9,704
94,874
94,874
94,394
94,874
98,669
9,674
95
95,302
99.02
93.61
975,043
90.69
98.24
95
93.78
95.09
94.81
94.75
99.63
9,016
While the above HLI 10Q Filed 2/3/2026 is interesting in isolation, we have found that it is also useful to take a look at older HOULIHAN LOKEY, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 2/3/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical HLI 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 2/3/2026
38.6
13.2
9.1
10.3
7.9
7.0
3.7
4.6
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 712

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10K Filed 5/15/2025
33.2
15.7
11.7
5.7
10.1
8.5
5.6
4.4
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 915

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 8/6/2024
33.7
8.3
12.6
7.1
9.6
11.0
5.5
5.3
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 44
XBRL? ✓  [ original filing ]
Total numbers found: 581

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 11/8/2023
32.4
12.6
9.8
7.6
11.1
9.3
5.6
5.9
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 799

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 2/7/2023
31.0
17.9
9.0
6.3
11.6
9.0
5.6
5.4
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 893

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10K Filed 5/27/2022
28.8
17.7
12.0
10.0
8.2
8.3
4.7
5.6
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 1,005

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 8/5/2021
28.0
17.9
10.9
10.4
7.0
8.9
5.8
7.7
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 585

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 11/4/2025
37.0
16.3
10.6
6.7
7.3
6.4
4.5
4.9
6.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 717

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 2/4/2025
34.5
11.6
10.5
7.9
9.1
7.4
6.9
6.0
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 801

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10K Filed 5/21/2024
32.1
14.4
11.7
7.7
10.1
8.6
6.2
5.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 912

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 8/3/2023
31.1
11.9
10.1
10.1
11.6
9.4
6.8
4.9
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 586

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 11/3/2022
31.2
14.4
7.3
8.7
13.0
8.6
5.4
5.5
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 875

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 2/8/2022
31.0
18.5
12.6
5.6
11.2
9.7
4.2
5.4
1.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 854

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10K Filed 5/21/2021
28.4
17.4
13.7
9.2
6.3
9.3
4.0
6.2
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 967

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 8/5/2025
36.1
10.6
9.7
8.5
10.0
6.6
5.6
6.3
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 620

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 11/5/2024
33.6
12.3
11.8
5.5
11.3
8.2
6.5
4.2
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 795

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 2/8/2024
33.1
13.7
9.9
7.5
11.4
7.8
4.9
5.8
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 810

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10K Filed 5/25/2023
31.6
14.7
11.6
9.6
10.3
8.1
4.3
5.6
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 968

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 8/4/2022
30.4
14.5
9.2
8.7
11.8
7.0
7.2
6.7
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 654

■ = Typical HLI range from 5/21/2021 to 2/3/2026
10Q Filed 11/5/2021
30.1
16.4
9.1
10.1
10.4
9.6
4.2
5.4
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL? ✓  [ original filing ]
Total numbers found: 795

■ = Typical HLI range from 5/21/2021 to 2/3/2026
JRSH 10Q Filed 2/10/2026:
76
ACM 10Q Filed 2/10/2026:
84
DIOD 10K Filed 2/10/2026:
97
LEGTU 10K Filed 2/10/2026:
0
MXC 10Q Filed 2/10/2026:
87
UPXI 10Q Filed 2/10/2026:
99
EURKU 10Q Filed 2/10/2026:
77
PZG 10Q Filed 2/10/2026:
61
IBIO 10Q Filed 2/10/2026:
90
ARKR 10Q Filed 2/10/2026:
79
ARMK 10Q Filed 2/10/2026:
70
ELMD 10Q Filed 2/10/2026:
81
VREX 10Q Filed 2/10/2026:
92
ESP 10Q Filed 2/10/2026:
76
SNOA 10Q Filed 2/10/2026:
91
UGRO 10Q Filed 2/10/2026:
74
BDL 10Q Filed 2/10/2026:
69
NTST 10K Filed 2/10/2026:
85
AOS 10K Filed 2/10/2026:
79
EXEL 10K Filed 2/10/2026:
95
HCA 10K Filed 2/10/2026:
87
PEGA 10K Filed 2/10/2026:
100
MOH 10K Filed 2/10/2026:
94
PTEN 10K Filed 2/10/2026:
91
PECO 10K Filed 2/10/2026:
98
ARI 10K Filed 2/10/2026:
76
HIW 10K Filed 2/10/2026:
95
SLAB 10K Filed 2/10/2026:
76
KVYO 10K Filed 2/10/2026:
98
UPST 10K Filed 2/10/2026:
81
TCBI 10K Filed 2/10/2026:
82
ADC 10K Filed 2/10/2026:
96
MEDP 10K Filed 2/10/2026:
74
INCY 10K Filed 2/10/2026:
99
CMI 10K Filed 2/10/2026:
99
GPRE 10K Filed 2/10/2026:
80
GNSS 10Q Filed 2/10/2026:
71
WINVU 10Q Filed 2/10/2026:
70
CNX 10K Filed 2/10/2026:
93
MAR 10K Filed 2/10/2026:
99
 

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