H
HLNE
HLNEUnverified8 segments tracked|5 years of data|Annual (10-K)
Total Revenue
$712M28.6%
FY2025
Operating Segments
8Active segments
Blended Margin
0.0%Operating margin
Highest Margin
0.0%Management And Advisory Fee Revenue Specialized Funds
Segment Shift
Management And Advisory Fee Revenue Specialized Funds has grown from 40.8% to 44.3% of total revenue since FY2020, with 0.0% operating margins. Meanwhile, Incentive Fee Revenue Specialized Funds is the fastest growing at +102.4% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Management And Advisory Fee Revenue Specialized Funds | $315M | $0 | 0.0% | 44.3% | +20.8% |
| Incentive Fee Revenue Specialized Funds | $182M | $0 | 0.0% | 25.6% | +102.4% |
| Management And Advisory Fee Revenue Customized Separate Accounts | $134M | $0 | 0.0% | 18.9% | +4.3% |
| Management And Advisory Fee Revenue Reporting And Other | $29M | $0 | 0.0% | 4.1% | +18.3% |
| Management And Advisory Fee Revenue Advisory | $23M | $0 | 0.0% | 3.2% | -5.9% |
| Incentive Fee Revenue Customized Separate Accounts | $16M | $0 | 0.0% | 2.3% | +36.0% |
| Management And Advisory Fee Revenue Fund Reimbursement Revenue | $10M | $0 | 0.0% | 1.3% | +18.2% |
| Management And Advisory Fee Revenue Distribution Management | $3M | $0 | 0.0% | 0.4% | -48.2% |
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