FTI Consulting, Inc. has reported record financial results for the third quarter of 2025. The company's revenues reached $956.2 million, marking a 3% increase compared to $926.0 million from the prior year quarter. The earnings per diluted share (EPS) also saw a significant rise, reaching $2.60, a 41% increase from the prior year.
The company's net income for the third quarter of 2025 was $82.8 million, compared to $66.5 million in the prior year quarter. This increase in net income was driven by higher revenues, lower selling, general and administrative expenses, and a gain from foreign exchange remeasurement.
FTI Consulting's adjusted EBITDA for the third quarter of 2025 was $130.6 million, representing 13.7% of revenues, as opposed to $102.9 million, or 11.1% of revenues, in the prior year quarter.
In terms of cash and capital allocation, the company reported a net cash provided by operating activities of $201.9 million for the quarter, compared to $219.4 million for the same period in the prior year. The company also repurchased 1,425,644 shares of its common stock at an average price per share of $164.18 for a total cost of $234.1 million during the quarter.
The company's segment results showed varying performances. The Corporate Finance & Restructuring segment saw a significant increase in revenues by 18.6%, reaching $404.9 million, while the Forensic and Litigation Consulting segment also experienced a substantial revenue increase of 15.4%, reaching $194.7 million. However, the Economic Consulting and Technology segments reported decreases in revenues by 22.0% and 14.8% respectively.
FTI Consulting updated its full-year 2025 guidance, now estimating revenues to range between $3.685 billion and $3.735 billion, EPS to range between $7.62 and $8.12, and adjusted EPS to range between $8.20 and $8.70. This is a revision from the previous estimates of revenues ranging between $3.660 billion and $3.760 billion, EPS ranging between $7.24 and $7.84, and adjusted EPS ranging between $7.80 and $8.40.
Following these announcements, the company's shares moved -1.34%, and are now trading at a price of $153.70. If you want to know more, read the company's complete 8-K report here.
