FTI Consulting, Inc. has announced its third-quarter 2025 financial results, revealing record-breaking revenues of $956.2 million, marking a 3% increase from the prior year quarter's $926.0 million. The company also reported a significant surge in earnings per diluted share (EPS) to $2.60, marking a 41% increase from the prior year's $1.85.
The company's net income for the third quarter of 2025 was $82.8 million, showing a notable increase from the $66.5 million reported in the prior year quarter. Additionally, the adjusted EBITDA for the third quarter of 2025 was $130.6 million, representing 13.7% of revenues, compared to $102.9 million, or 11.1% of revenues, in the prior year quarter.
FTI Consulting also provided an update on its full-year 2025 guidance. The company now anticipates revenues for the full year to range between $3.685 billion and $3.735 billion, with EPS estimated to range between $7.62 and $8.12, and adjusted EPS between $8.20 and $8.70. These estimates represent an increase from the previous guidance, which projected revenues between $3.660 billion and $3.760 billion, EPS between $7.24 and $7.84, and adjusted EPS between $7.80 and $8.40.
In terms of segment results, the Corporate Finance & Restructuring segment saw a significant increase in revenues, reaching $404.9 million, up 18.6% from the prior year quarter. The Forensic and Litigation Consulting segment also experienced a notable increase in revenues, reaching $194.7 million, up 15.4% from the prior year quarter. However, the Economic Consulting segment reported a decrease in revenues to $173.1 million, down 22.0% from the prior year quarter. The Technology segment also saw a decline in revenues to $94.1 million, down 14.8% from the prior year quarter. On the other hand, the Strategic Communications segment reported an increase in revenues to $89.4 million, up 7.4% from the prior year quarter.
FTI Consulting's cash position at the end of the third quarter was $146.0 million, compared to $386.3 million at the same time last year. The company's total debt, net of cash, stood at $364.0 million, marking an increase from $(386.3) million at the end of the third quarter of 2024.
The company also revealed that it repurchased 1,425,644 shares of its common stock during the quarter at an average price per share of $164.18, totaling $234.1 million. As of September 30, 2025, approximately $75.3 million remained available for common stock repurchases under the company’s stock repurchase program.
FTI Consulting's CEO and Chairman, Steven H. Gunby, expressed satisfaction with the company's performance, attributing the record-breaking revenues and earnings to the team's commitment and strength in navigating clients' significant challenges.
The company will host a conference call to discuss the third-quarter 2025 financial results on October 23, 2025, at 9:00 a.m. Eastern Time.
FTI Consulting, Inc., with more than 8,100 employees in 32 countries and territories, generated $3.70 billion in revenues during fiscal year 2024.
Please note that all financial figures are presented in USD. As a result of these announcements, the company's shares have moved -1.34% on the market, and are now trading at a price of $153.70. For more information, read the company's full 8-K submission here.
