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Exhibit 21.1

Subsidiaries of Registrant

The following is a list of subsidiaries of Houlihan Lokey, Inc., as of March 31, 2026, omitting subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary.

Legal Name						Jurisdiction of Incorporation
Houlihan Lokey Financial Advisors, Inc.						California
Houlihan Lokey Capital, Inc.						California
Houlihan Lokey EU (Holdings), LLC						Delaware
Houlihan Lokey (Europe) Ltd						England
Houlihan Lokey UK Limited						England
Houlihan Lokey Germany AG						Germany
Houlihan Lokey (Europe) GmbH						Germany
Houlihan Lokey Corporation						Japan