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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 149,999 $ 126,876 $ 346,730 $ 251,914
Expenses        
Compensation and benefits 55,070 45,930 133,504 90,032
Total expenses 82,807 71,279 189,927 141,375
Other income (expense)        
Equity in income of investees 6,372 8,251 13,762 20,117
Non-operating gain (loss) 1,437 (1,215) 11,251 (982)
Consolidated variable interest entities related:        
Equity in income of investees 957 288 1,884 419
Unrealized gain 2,342 2,241 3,539 3,034
Total other income (expense) 9,902 10,762 27,064 23,567
Income before income taxes 77,094 66,359 183,867 134,106
Income tax expense 1,172 1,856 20,859 18,256
Net income 75,922 64,503 163,008 115,850
Net income attributable to Hamilton Lane Incorporated 54,982 41,994 113,946 72,992
Class A Common Stock        
Consolidated variable interest entities related:        
Net income attributable to Hamilton Lane Incorporated $ 54,982 $ 41,994 $ 113,946 $ 72,992
Basic earnings per share of Class A common stock (in dollars per share) $ 1.38 $ 1.11 $ 2.87 $ 1.94
Diluted earnings per share of Class A common stock (in dollars per share) 1.37 1.11 2.85 1.92
Dividends declared per share of Class A common stock (in dollars per share) $ 0.49 $ 0.45 $ 0.98 $ 0.89
Consolidated entity, excluding VIE        
Expenses        
General, administrative and other $ 27,737 $ 24,994 $ 56,274 $ 50,755
Other income (expense)        
Interest expense (2,704) (2,743) (5,651) (5,632)
Interest income 1,406 1,099 2,171 2,036
Consolidated VIEs        
Expenses        
General, administrative and other 0 355 149 588
Other income (expense)        
Interest expense 0 0 0 (6)
Interest income 92 2,841 108 4,581
Consolidated variable interest entities related:        
Equity in income of investees     1,884 419
General Partnerships        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 388 87 733 88
Hamilton Lane Advisors, L.L.C.        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 19,850 18,654 47,495 37,790
Consolidated Funds        
Consolidated variable interest entities related:        
Less: Income attributable to non-controlling interests 702 3,768 834 4,980
Management and advisory fees        
Revenues        
Total revenues 119,783 109,184 259,745 214,592
Incentive fees        
Revenues        
Total revenues $ 30,216 $ 17,692 $ 86,985 $ 37,322