| Cash Flow | 2026-06-30 |
|---|---|
| Net income (loss) | -21,026 |
| Depreciation and amortization | 38,489 |
| Deferred income taxes, net | -689 |
| Non-cash lease expense | 7,695 |
| Non-cash compensation expense | 3,207 |
| Other non-cash activity | 1,937 |
| Liquidity event share awards (note 19) | 28,679 |
| Accounts receivable, net | -56,836 |
| Related-party receivables | -22,218 |
| Prepaid expenses | 293 |
| Income tax receivable | -784 |
| Other assets | 1,119 |
| Accounts payable and accrued expenses | -11,747 |
| Compensation payable | -8,996 |
| Deferred revenue | 591 |
| Lease liability | -9,397 |
| Net cash provided by operating activities | 103,295 |
| Purchases of property and equipment, net | 2,485 |
| Net cash used in investing activities | -2,485 |
| Ipo proceeds less underwriter discount | 451,528 |
| Distributions of ipo proceeds to partners | 254,493 |
| Pre-offering distribution to partners | 70,626 |
| Distributions to partners | 130,533 |
| Contributions and other | 11,735 |
| Payment of contingent consideration | 3,294 |
| Payment on long-term debt | 196,640 |
| Proceeds from long-term debt | 25,000 |
| Proceeds from line of credit | 0 |
| Repayment of line of credit | 0 |
| Net cash used in financing activities | -167,323 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | -2,900 |
| Net decrease in cash, cash equivalents, and restricted cash | -69,413 |
| Cash, cash equivalents, and restricted cash, beginning of period | 324,827 |
| Cash, cash equivalents, and restricted cash, end of period | 255,414 |
| Cash paid for income taxes | 4,210 |
| Cash paid for interest | 11,061 |
| Initial establishment of deferred tax asset | 65,179 |
| Establishment of liability related to tax receivable agreement | -84,764 |
| Cash and cash equivalents | 250,624 |
| Restricted cash | 4,790 |
| Total cash and cash equivalents and restricted cash | 255,414 |
Lincoln International, Inc. (LCLN)
Lincoln International, Inc. (LCLN)