FTI Consulting, Inc. has reported record third-quarter 2025 financial results, with revenues reaching $956.2 million, reflecting a 3% increase from the prior year quarter's $926.0 million. The company also achieved record earnings per diluted share (EPS) of $2.60, marking a substantial 41% surge compared to the EPS of $1.85 in the prior year quarter.
In the third quarter of 2025, the company's net income stood at $82.8 million, a notable rise from $66.5 million in the prior year quarter. Adjusted EBITDA also saw a significant increase, reaching $130.6 million, or 13.7% of revenues, compared to $102.9 million, or 11.1% of revenues, in the prior year quarter.
FTI Consulting's corporate finance & restructuring segment experienced a notable 18.6% increase in revenues, reaching $404.9 million, while the forensic and litigation consulting segment saw revenues rise by 15.4% to $194.7 million. However, the economic consulting segment revenues decreased by 22.0% to $173.1 million, and the technology segment experienced a 14.8% decrease in revenues, reaching $94.1 million.
Regarding the company's cash position and capital allocation, net cash provided by operating activities for the quarter ended September 30, 2025, amounted to $201.9 million, compared to $219.4 million for the same period in the prior year. FTI Consulting 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.
Looking ahead, the company updated its full-year 2025 guidance, with estimated revenues ranging between $3.685 billion and $3.735 billion, EPS between $7.62 and $8.12, and adjusted EPS between $8.20 and $8.70. This compares to the previous estimates of revenues ranging between $3.660 billion and $3.760 billion, EPS between $7.24 and $7.84, and adjusted EPS between $7.80 and $8.40.
FTI Consulting's CEO and Chairman, Steven H. Gunby, expressed confidence in the company's performance, attributing the results to the strength of their team and their commitment to supporting clients through significant opportunities and challenges. 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.
