CRA(US:CRAI)2026-02-26 13:10Financial Performance - Q4 fiscal 2025 revenue was $197.0 million, a 11.0% increase from $176.4 million in Q4 fiscal 2024[5] - Full year fiscal 2025 revenue reached $751.6 million, up 9.3% from $687.4 million in fiscal 2024[6] - Q4 fiscal 2025 net income was $13.2 million, or 6.7% of revenue, compared to $12.0 million, or 6.8% of revenue in Q4 fiscal 2024[7] - Full year fiscal 2025 net income was $54.8 million, or 7.3% of revenue, compared to $50.2 million, or 7.3% of revenue in fiscal 2024[7] - Q4 fiscal 2025 non-GAAP EBITDA was $24.4 million, or 12.4% of revenue, compared to $22.0 million, or 12.5% of revenue in Q4 fiscal 2024[7] - For Q4 of fiscal 2025, net income was $13.2 million, or 6.7% of revenue, compared to $15.0 million, or 8.5% of revenue, in Q4 of fiscal 2024[24] - For the full year fiscal 2025, net income was $54.8 million, or 7.3% of revenue, compared to $46.7 million, or 6.8% of revenue, in fiscal 2024[25] - Non-GAAP EBITDA for Q4 of fiscal 2025 was $24.4 million, or 12.4% of revenue, compared to 13.9% of revenue in Q4 of fiscal 2024[27] - Non-GAAP net income for the fiscal quarter ended January 3, 2026, was $13,702,000, slightly down from $13,992,000 in the prior year, representing a 2.1% decrease[50] - Non-GAAP adjusted net cash flows from operations for Q4 2025 reached $108,400,000, compared to $77,590,000 in Q4 2024, reflecting a strong operational performance[42] Expenses and Costs - Q4 fiscal 2025 SG&A expenses were $33.7 million, or 17.1% of revenue, down from 17.7% in Q4 fiscal 2024[11] - Full year fiscal 2025 SG&A expenses totaled $135.0 million, or 18.0% of revenue, compared to $125.1 million, or 18.2% of revenue in fiscal 2024[13] - The cost of services for FY 2025 was $519,288,000, which is 69.1% of net revenue, slightly down from 69.8% in FY 2024[48] - Selling, general and administrative expenses for FY 2025 totaled $135,031,000, accounting for 18.0% of net revenue, compared to 18.2% in FY 2024[48] Cash Flow and Liquidity - Cash and cash equivalents were $18.2 million at January 3, 2026, down from $26.7 million at December 28, 2024[34] - Net cash provided by operating activities for Q4 of fiscal 2025 was $60.0 million, compared to $79.4 million for Q4 of fiscal 2024[34] - Net cash provided by operating activities for FY 2025 was $22,424,000, a significant decrease from $49,735,000 in FY 2024[40] - The company reported net cash provided by operating activities of $22,424,000 for the fiscal year ended January 3, 2026, a decrease from $49,735,000 in the previous year[54] - The company experienced a net cash used in investing activities of $(3,868,000) in FY 2025, compared to $(18,123,000) in FY 2024[40] - The effect of foreign exchange rates on cash and cash equivalents contributed $2,785,000 in FY 2025, compared to $(1,630,000) in FY 2024[40] Shareholder Returns - Approximately 252,000 shares of common stock were repurchased for $47.1 million during the full year fiscal 2025, compared to 206,000 shares for $33.3 million in fiscal 2024[36] - A quarterly cash dividend of $0.57 per common share was paid in Q4 of fiscal 2025, totaling $3.7 million, compared to $0.49 per share totaling $3.4 million in Q4 of fiscal 2024[37] Assets and Liabilities - Total assets as of January 3, 2026, were $628,873,000, up from $571,439,000 as of December 28, 2024, indicating a growth of 10.0%[53] - Total liabilities increased to $415,275,000 as of January 3, 2026, compared to $359,366,000 as of December 28, 2024, marking a rise of 15.6%[53] Workforce Metrics - Consultant headcount at the end of Q4 fiscal 2025 was 959, a slight decrease from 946 in Q4 fiscal 2024[8] - Q4 fiscal 2025 utilization rate was 78%, consistent with Q4 fiscal 2024[9] Taxation - Full year fiscal 2025 effective tax rate was 28.5%, slightly lower than 28.6% in fiscal 2024[7]