CRA INTERNATIONAL, INC. has recently released its 10-Q report, providing insights into the company's financial performance for the fiscal quarter and year-to-date period ended September 27, 2025. The company, headquartered in Boston, Massachusetts, offers economic, financial, and management consulting services globally, catering to various industries such as technology, healthcare, energy, and financial services.
In the report, the company's revenues for the fiscal quarter ended September 27, 2025, increased by 10.8% to $185.9 million compared to the same period in 2024. Similarly, for the year-to-date period, revenues grew by 8.5% to $554.6 million. The rise in revenues was attributed to increased utilization, which reached 77% for the fiscal quarter and 76% for the year-to-date period, despite a decrease in consultant headcount.
Costs of services (exclusive of depreciation and amortization) increased by 14.1% for the fiscal quarter and 5.8% for the year-to-date period, amounting to $131.5 million and $380.4 million, respectively. Selling, general and administrative expenses also saw an increase, rising by 7.7% for the fiscal quarter and 8.0% for the year-to-date period.
The company reported a net income of $11.5 million for the fiscal quarter, remaining relatively unchanged from the same period in 2024. However, for the year-to-date period, net income increased by $9.9 million to $41.6 million. The diluted net income per share was $1.73 for the fiscal quarter and $6.16 for the year-to-date period, showing an improvement from the previous year.
Regarding liquidity and capital resources, the company stated that it believes its current cash, cash equivalents, and cash generated from operations, along with the available borrowing capacity under its revolving credit facility, will be sufficient to meet its anticipated working capital and capital expenditure requirements for at least the next 12 months. As of September 27, 2025, the company held $22.5 million in cash and cash equivalents and had $101.1 million of borrowing capacity under its revolving credit facility.
The 10-Q report provides a comprehensive overview of CRA INTERNATIONAL, INC.'s financial performance, highlighting its revenue growth, cost increases, and improved net income for the fiscal quarter and year-to-date period. As a result of these announcements, the company's shares have moved -2.54% on the market, and are now trading at a price of $178.20. For more information, read the company's full 10-Q submission here.
