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 11/5/2021 to 7/31/2026 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 7/31/2026
42.6
11.9
6.8
11.9
8.4
4.0
5.5
4.4
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, HLI stockholder letter ]
Total numbers found: 453
Recent share count: 54,276,657 (5's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
453
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 5 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 points upon observing the 3's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was below the company's typical historical range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (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 6's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
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
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 193 numbers that start with the digit 1. Here they are:
15,688,962
1,189
170
11
13
143
143
1,396
1,396
1,077
122
136
148
151
1,352
1,856
110
111
1,000
1,000
15.7
15.3
1,667
1,645
14
19
18
16
19
18
17
12
18
1.17
1.47
1.15
1.42
146
146
15.3
1,645
1.6
156
156
1
1
15.7
1,667
16.0
1,395
1.4
144
144
16.0
1,449
15
10
16
18
1
1
18
10
13
132
153
122
1
13
112
110
106
137
1
197
178
1,193
11
151
1,189
1,193
16
10
1
11
12
118
118
170
170
118
118
170
170
11
11
126
126
170
170
18
15
11
164
165
16
14
105
143
143
1,396
1,396
192
192
141
141
1,729
1,729
130
129
1,599
1,600
1,128
1,128
163
163
105
105
1,396
1,396
1
1
1
150
1.00
10
1
1.1
1.17
1.47
1.15
1.42
14
128.91
1.4
151.53
1.5
111.84
1
111.72
148.79
1.1
173.13
1.6
1
100.64
128.29
120.74
151.78
107.33
151.50
107.39
1
173.14
102.20
119.86
13
180
106
137
143.77
119
128
161
13
13
16
15
127
18
154
188
1,436
1,477
194
179
1,862
1,879
1,855
147
183
1,316
1,674
We found 54 numbers that start with the digit 2. Here they are:
224
228
255
271
203
204
287
2,255
2,342
21
20
21
21
20
2
2,342
2
2
2,255
2,175
2,178
25
294
25
21
277
217
26
2
218
213
271
255
27
21
21
21
21
21
248
242
2
200
2.00
2.7
2.8
2
220
23
232
223
2,430
2,401
2,635
We found 31 numbers that start with the digit 3. Here they are:
301
3,717
3,717
314
372
3
3
3
336
3
39
36
31
31
31
31
3
3
31
3.0
3.7
3.1
3
3
3
303
398
3,717
364
3,717
30,500
4's 5's 6's
We found 54 numbers that start with the digit 4. Here they are:
412
407
4,309
493
492
49
4,309
433
48
49
4
4
44
44
4
4
41
41
44
44
48
48
45
42
40
481
4
41
444
4
4
4
4
43
41
41
44
44
45
44
4
4
4
4
45
42
497
436
46
42
43
4,309
422
4,309
We found 38 numbers that start with the digit 5. Here they are:
54,197,538
52
589
54.2
54.2
51
511
515
54.2
56
56
54.2
51
53.8
5
5
54.3
53
50
5
52
52
52
52
52
52
52
52
52
52
50
500
50
511
50
53
51
511
We found 18 numbers that start with the digit 6. Here they are:
639
605
66.5
66.2
67.6
68.9
639
63
6
61
6
66.5
66.2
67.6
68.9
605
64
605
7's 8's 9's
We found 25 numbers that start with the digit 7. Here they are:
745
7
746
78
78
78
78
76
76
746
78
78
744
78
749
798
745
749
7
78
7
70
79
72
76
We found 20 numbers that start with the digit 8. Here they are:
8
8
8
8
86
8
843
8
8
8
8
8
8
8
8
89
89
8
8
86
We found 20 numbers that start with the digit 9. Here they are:
90
98
98
98
98
9
9
98
98
98
976
99
9
95
98
99.02
91.74
9
98
98
While the above HLI 10Q Filed 7/31/2026 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 7/31/2026 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 7/31/2026
42.6
11.9
6.8
11.9
8.4
4.0
5.5
4.4
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 453

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 83
XBRL? ✓  [ original filing ]
Total numbers found: 717

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 89
XBRL? ✓  [ original filing ]
Total numbers found: 801

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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 11/5/2021 to 7/31/2026
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: 91
XBRL? ✓  [ original filing ]
Total numbers found: 586

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 66
XBRL? ✓  [ original filing ]
Total numbers found: 875

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 81
XBRL? ✓  [ original filing ]
Total numbers found: 854

■ = Typical HLI range from 11/5/2021 to 7/31/2026
10K Filed 5/22/2026
37.0
17.4
9.8
7.1
8.0
6.6
5.6
2.9
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 854

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 73
XBRL? ✓  [ original filing ]
Total numbers found: 620

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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 11/5/2021 to 7/31/2026
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: 84
XBRL? ✓  [ original filing ]
Total numbers found: 810

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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 11/5/2021 to 7/31/2026
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: 82
XBRL? ✓  [ original filing ]
Total numbers found: 654

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 84
XBRL? ✓  [ original filing ]
Total numbers found: 795

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 74
XBRL? ✓  [ original filing ]
Total numbers found: 712

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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 11/5/2021 to 7/31/2026
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: 43
XBRL? ✓  [ original filing ]
Total numbers found: 581

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 90
XBRL? ✓  [ original filing ]
Total numbers found: 799

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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: 91
XBRL? ✓  [ original filing ]
Total numbers found: 893

■ = Typical HLI range from 11/5/2021 to 7/31/2026
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 11/5/2021 to 7/31/2026
CTAAU 10Q Filed 8/17/2026:
20
GRML 10Q Filed 8/17/2026:
74
NEXM 10Q Filed 8/17/2026:
82
FEED 10Q Filed 8/17/2026:
83
GURE 10K Filed 8/17/2026:
81
CSTAF 10Q Filed 8/17/2026:
42
DCGO 10Q Filed 8/17/2026:
93
TWLVU 10Q Filed 8/17/2026:
69
COPLU 10Q Filed 8/17/2026:
56
CHUC 10Q Filed 8/17/2026:
100
BTBD 10Q Filed 8/17/2026:
79
AIFC 10Q Filed 8/17/2026:
89
HLIT 10Q Filed 8/17/2026:
61
CRAQU 10Q Filed 8/17/2026:
8
SNDK 10K Filed 8/17/2026:
74
LITE 10K Filed 8/17/2026:
99
TOP 10Q Filed 8/17/2026:
96
SAFX 10Q Filed 8/17/2026:
91
FDCT 10Q Filed 8/17/2026:
63
EMAT 10Q Filed 8/17/2026:
81
NXGL 10Q Filed 8/14/2026:
83
IVAUF 10Q Filed 8/14/2026:
50
GIPR 10Q Filed 8/14/2026:
87
EXTR 10K Filed 8/14/2026:
89
PVL 10Q Filed 8/14/2026:
70
PECEU 10Q Filed 8/14/2026:
61
QLEPU 10Q Filed 8/14/2026:
33
SPQS 10Q Filed 8/14/2026:
47
BEBEU 10Q Filed 8/14/2026:
39
DGXX 10Q Filed 8/14/2026:
91
CBC 10Q Filed 8/14/2026:
96
MEHA 10Q Filed 8/14/2026:
63
GSRFU 10Q Filed 8/14/2026:
68
BCARU 10Q Filed 8/14/2026:
62
EVACU 10Q Filed 8/14/2026:
33
RTACU 10Q Filed 8/14/2026:
46
SPAI 10Q Filed 8/14/2026:
97
SXTP 10Q Filed 8/14/2026:
69
PNYG 10Q Filed 8/14/2026:
57
PMNT 10Q Filed 8/14/2026:
79
 

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