Charles River Stock Moves North Since Q4 Earnings and Revenue Beat

Core Insights - Charles River Associates (CRAI) reported strong fourth-quarter 2025 results, with earnings and revenues exceeding the Zacks Consensus Estimate, leading to a 3.1% increase in share price since the earnings release on February 26 [1] Financial Performance - Quarterly EPS was $2.06, slightly above the Zacks Consensus Estimate, and increased by 1.5% year-over-year [2] - Total revenues reached $197 million, surpassing the Zacks Consensus Estimate by 3.7% and growing 11.6% year-over-year [2][8] - The company achieved 78% utilization and a 1.4% increase in headcount year-over-year [3][8] - Non-GAAP EBITDA was $24.4 million, remaining relatively flat, with a non-GAAP EBITDA margin declining by 150 basis points year-over-year to 12.4% [3][8] Balance Sheet and Cash Flow - At the end of Q4 2025, CRAI had cash and cash equivalents of $18.21 million, down from $22.5 million at the end of Q3 2025 [4] - The company generated $60 million in cash from operating activities and paid out $3.73 million in dividends during the quarter [4] Future Guidance - CRAI provided 2026 revenue guidance in the range of $785-$805 million, with an expected non-GAAP EBITDA margin between 12% and 13% [5][8]