— Revenue, Gross Margin and SG&A Expenses Beat Outlook Ranges —
— Improving Profitability Year-Over-Year —
First Quarter Fiscal 2026 Highlights Compared to Prior
-
Revenue of
$120.2 million compared to$136.9 million - Same-day constant currency revenue, a non-GAAP measure, declined by 13.9%
- Significant improvement in gross margin to 39.5%, from 36.5%
-
Selling, general and administrative expenses (“SG&A”) of
$47.9 million improved from$48.9 million , which had included a one-time gain of$3.4 million from sale of the Irvine office building -
Net loss of
$2.4 million (net loss margin of 2.0%) improved from net loss of$5.7 million (net loss margin of 4.2%) -
GAAP diluted loss per common share of
$0.07 improved from$0.17 -
Adjusted diluted earnings per common share, a non-GAAP measure, of
$0.03 improved from break-even -
Adjusted EBITDA, a non-GAAP measure, of
$3.1 million (Adjusted EBITDA margin of 2.5%), up from$2.3 million (Adjusted EBITDA margin of 1.7%) -
Cash dividends declared of
$0.07 per share
Management Commentary
“First quarter results exceeded our outlook ranges on all fronts and we continue to make progress to transform our business to be more integrated, diversified and resilient,” said
First Quarter Fiscal 2026 Results
Revenue in the first quarter of fiscal 2026 was
Gross margin improved to 39.5% compared to 36.5% in the first quarter of fiscal 2025. The increase was primarily due to an improvement in pay/bill ratio, higher consultant utilization and lower costs, including improvements in healthcare costs, and holiday pay reflecting one less holiday in the current fiscal quarter.
SG&A for the first quarter of fiscal 2026 was
Income tax expense for the first quarter of fiscal 2026 was
Net loss for the first quarter of fiscal 2026 was
First Quarter Fiscal 2026 Segment Revenue Results
On-Demand Talent – Revenue in the On-Demand Talent segment was
Consulting – Revenue in the Consulting segment was
Outsourced Services – Revenue in the Outsourced Services segment increased by
All Other – Revenue in the All Other segment increased by
|
|
|||||||
|
|
Three Months Ended |
||||||
|
|
|
|
|
||||
|
|
2025 |
|
2024 |
||||
|
|
(Unaudited) |
|
(Unaudited) |
||||
|
Revenue |
$ |
120,229 |
|
|
$ |
136,935 |
|
|
Cost of services |
|
72,760 |
|
|
|
86,948 |
|
|
Gross profit |
|
47,469 |
|
|
|
49,987 |
|
|
Selling, general and administrative expenses |
|
47,916 |
|
|
|
48,910 |
|
|
|
|
— |
|
|
|
3,855 |
|
|
Amortization expense |
|
1,193 |
|
|
|
1,485 |
|
|
Depreciation expense |
|
348 |
|
|
|
540 |
|
|
Loss from operations |
|
(1,988 |
) |
|
|
(4,803 |
) |
|
Interest expense (income), net |
|
44 |
|
|
|
(148 |
) |
|
Other income |
|
(104 |
) |
|
|
(2 |
) |
|
Loss before income tax expense |
|
(1,928 |
) |
|
|
(4,653 |
) |
|
Income tax expense |
|
477 |
|
|
|
1,054 |
|
|
Net loss |
$ |
(2,405 |
) |
|
$ |
(5,707 |
) |
|
|
|
|
|
||||
|
Net loss per common share: |
|
|
|
||||
|
Basic |
$ |
(0.07 |
) |
|
$ |
(0.17 |
) |
|
Diluted |
$ |
(0.07 |
) |
|
$ |
(0.17 |
) |
|
|
|
|
|
||||
|
Weighted-average number of common and common equivalent shares outstanding: |
|
|
|
||||
|
Basic |
|
33,062 |
|
|
|
33,407 |
|
|
Diluted |
|
33,062 |
|
|
|
33,407 |
|
|
|
|
|
|
||||
|
Cash dividends declared per common share |
$ |
0.07 |
|
|
$ |
0.14 |
|
|
|
|
|
|
||||
|
Revenue by Segment |
|
|
|
||||
|
On-Demand Talent |
$ |
44,442 |
|
|
$ |
52,473 |
|
|
Consulting |
|
43,641 |
|
|
|
55,025 |
|
|
|
|
19,888 |
|
|
|
17,983 |
|
|
Outsourced Services |
|
9,994 |
|
|
|
9,491 |
|
|
All Other |
|
2,264 |
|
|
|
1,963 |
|
|
Total consolidated revenue |
$ |
120,229 |
|
|
$ |
136,935 |
|
|
|
|
|
|
||||
|
Cash dividend |
|
|
|
||||
|
Total cash dividends paid |
$ |
2,316 |
|
|
$ |
4,695 |
|
Conference Call Information
RGP will hold a conference call for analysts and investors at
About RGP
RGP (Nasdaq: RGP) is an award-winning global professional services firm with three decades of experience helping the world’s top organizations navigate change and seize opportunity. With three integrated offerings—On-Demand Talent, Consulting, and Outsourced Services—we provide CFOs and other C-suite leaders with the flexibility to solve today’s most pressing challenges on their terms, uniting strategy, execution, and talent across accounting and finance, digital transformation, data, and cloud, at global scale. Our people-first approach continues to drive innovation across industries worldwide.
Based in
RGP is listed on the Nasdaq Global Select Market, the exchange’s highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com.
Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to expectations concerning matters that are not historical facts. Such forward-looking statements may be identified by words such as “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “forecast,” “future,” “intends,” “may,” “plans,” “potential,” “predicts,” “remain,” “should,” “strategy” or “will” or the negative of these terms or other comparable terminology. In this press release, such statements include statements regarding our growth and operational plans including expectations about our Consulting and On-Demand businesses and plans regarding our cost structure. Such statements and all phases of the Company’s operations are subject to known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievements and those of our industry to differ materially from those expressed or implied by these forward-looking statements. Risks and uncertainties include, but are not limited to, the following: risks related to an economic downturn or deterioration of general macroeconomic conditions, potential adverse effects to our and our clients’ liquidity and financial performances from bank failures or other events affecting financial institutions, the highly competitive nature of the market for professional services, risks related to the loss of a significant number of our consultants, or an inability to attract and retain new consultants, the possible impact on our business from the loss of the services of one or more key members of our senior management or key sales professionals, risks related to potential significant increases in wages or payroll-related costs, our ability to secure new projects from clients, our ability to achieve or maintain a suitable pay/bill ratio, our ability to compete effectively in the competitive bidding process, risks related to unfavorable provisions in our contracts which may permit our clients to, among other things, terminate the contracts partially or completely at any time prior to completion, our ability to realize the level of benefit that we expect from our restructuring initiatives, risks that our recent digital expansion and technology transformation efforts may not be successful, our ability to build an efficient support structure as our business continues to grow and transform, our ability to grow our business, manage our growth or sustain our current business, our ability to serve clients internationally, additional operational challenges from our international activities possible disruption of our business from our past and future acquisitions, the possibility that our recent rebranding efforts may not be successful, our potential inability to adequately protect our intellectual property rights, risks that our computer hardware and software and telecommunications systems are damaged, breached or interrupted, risks related to the failure to comply with data privacy laws and regulations and the adverse effect it may have on our reputation, results of operations or financial condition, our ability to comply with governmental, regulatory and legal requirements and company policies, the possible legal liability for damages resulting from the performance of projects by our consultants or for our clients’ mistreatment of our personnel, risks arising from changes in applicable tax laws or adverse results in tax audits or interpretations, the possible adverse effect on our business model from the reclassification of our independent contractors by foreign tax and regulatory authorities, the possible difficulty for a third party to acquire us and resulting depression of our stock price, the operating and financial restrictions from our credit facility, risks related to the variable rate of interest in our credit facility, the possible impact of activist shareholders, the possibility that we are unable to or elect not to pay our quarterly dividend payment, and other factors and uncertainties as are identified in our most recent Annual Report on Form 10-K for the year ended
Non-GAAP Financial Measures
The Company uses certain non-GAAP financial measures to assess our financial and operating performance that are not defined by or calculated in accordance with accounting principles generally accepted in the
-
Same-day constant currency revenue is adjusted for the following items:
- Currency impact. In order to remove the impact of fluctuations in foreign currency exchange rates, the Company calculates same-day constant currency revenue, which represents the outcome that would have resulted had exchange rates in the current period been the same as those in effect in the comparable prior period.
- Business days impact. In order to remove the fluctuations caused by comparable periods having a different number of business days, the Company calculates same-day revenue as current period revenue (adjusted for currency impact) divided by the number of business days in the current period, multiplied by the number of business days in the comparable prior period. The number of business days in each respective period is provided in the “Number of Business Days” section of the “Reconciliation of GAAP to Non-GAAP Financial Measures” table below.
- EBITDA is calculated as net income (loss) before amortization expense, depreciation expense, interest and income taxes.
-
Adjusted EBITDA is calculated as EBITDA excluding stock-based compensation expense, amortized
Enterprise Resource Planning (“ERP”) system costs. technology transformation costs, goodwill impairment, acquisition costs, gain on sale of assets, and restructuring costs. We also present herein Adjusted EBITDA at the segment level as a measure used to assess the performance of our segments. Segment Adjusted EBITDA excludes certain shared corporate administrative costs that are not practical to allocate. - Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by revenue.
- Adjusted diluted earnings (loss) per common share is calculated as diluted earnings (loss) per common share, excluding the per share impact of stock-based compensation expense, technology transformation costs, acquisition costs, goodwill impairment, gain on sale of assets, restructuring costs, and adjusted for the related tax effects of these adjustments.
We believe the above-mentioned non-GAAP financial measures, which are used by management to assess the core performance of our Company, provide useful information and additional clarity of our operating results to our investors in their own evaluation of the core performance of our Company and facilitate a comparison of such performance from period to period. These are not measurements of financial performance or liquidity under GAAP and should not be considered in isolation or construed as substitutes for revenue, net income or other cash flow data prepared in accordance with GAAP for purposes of analyzing our revenue, profitability or liquidity. These measures should be considered in addition to, and not as a substitute for, revenue, net income (loss), earnings (loss) per share, cash flows or other measures of financial performance prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies, as other companies may calculate such financial results differently.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except number of business days)
|
Revenue by Segment – Year-over-Year Comparison |
||||||||||||||||
|
|
Three Months Ended |
|||||||||||||||
|
|
|
|
|
|||||||||||||
|
|
(Unaudited) |
|
(Unaudited) |
|||||||||||||
|
|
As reported |
|
Currency |
|
Business days |
|
Same-day constant |
|
As reported |
|||||||
|
On-Demand Talent |
$ |
44,442 |
|
$ |
120 |
|
|
$ |
(694 |
) |
|
$ |
43,868 |
|
$ |
52,473 |
|
Consulting |
|
43,641 |
|
|
114 |
|
|
|
(673 |
) |
|
|
43,082 |
|
|
55,025 |
|
|
|
19,888 |
|
|
(917 |
) |
|
|
(19 |
) |
|
|
18,952 |
|
|
17,983 |
|
Outsourced Services |
|
9,994 |
|
|
— |
|
|
|
(156 |
) |
|
|
9,838 |
|
|
9,491 |
|
All Other |
|
2,264 |
|
|
— |
|
|
|
(35 |
) |
|
|
2,229 |
|
|
1,963 |
|
Total Consolidated |
$ |
120,229 |
|
$ |
(683 |
) |
|
$ |
(1,577 |
) |
|
$ |
117,969 |
|
$ |
136,935 |
|
Revenue by Segment – Sequential Period Comparison |
|||||||||||||||
|
|
Three Months Ended |
||||||||||||||
|
|
|
|
|
||||||||||||
|
|
(Unaudited) |
|
(Unaudited) |
||||||||||||
|
|
As reported |
|
Currency |
|
Business days |
|
Same-day constant |
|
As reported |
||||||
|
On-Demand Talent |
$ |
44,442 |
|
$ |
(86 |
) |
|
$ |
3,472 |
|
$ |
47,828 |
|
$ |
52,962 |
|
Consulting |
|
43,641 |
|
|
(115 |
) |
|
|
3,322 |
|
|
46,848 |
|
|
50,950 |
|
|
|
19,888 |
|
|
(761 |
) |
|
|
787 |
|
|
19,914 |
|
|
21,342 |
|
Outsourced Services |
|
9,994 |
|
|
— |
|
|
|
781 |
|
|
10,775 |
|
|
11,333 |
|
All Other |
|
2,264 |
|
|
— |
|
|
|
177 |
|
|
2,441 |
|
|
2,753 |
|
Total Consolidated |
$ |
120,229 |
|
$ |
(962 |
) |
|
$ |
8,539 |
|
$ |
127,806 |
|
$ |
139,340 |
|
|
Three Months Ended |
||||
|
Number of Business Days |
|
|
|
|
|
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
On-Demand Talent (1) |
64 |
|
69 |
|
63 |
|
Consulting (1) |
64 |
|
69 |
|
63 |
|
|
64 |
|
66 |
|
64 |
|
Outsourced Services (1) |
64 |
|
69 |
|
63 |
|
All Other (1) |
64 |
|
69 |
|
63 |
|
(1) |
|
This represents the number of business days in the |
|
(2) |
|
The business days in international regions represent the weighted average number of business days. |
|
|
|||||||||||||
|
Three Months Ended |
|||||||||||||
|
|
|
|
% of |
|
|
|
% of |
||||||
|
Adjusted EBITDA |
2025 |
|
Revenue (1) |
|
2024 |
|
Revenue (1) |
||||||
|
|
(Unaudited) |
|
(Unaudited) |
||||||||||
|
Net loss |
$ |
(2,405 |
) |
|
(2.0 |
%) |
|
$ |
(5,707 |
) |
|
(4.2 |
%) |
|
Adjustments: |
|
|
|
|
|
|
|
||||||
|
Amortization expense |
|
1,193 |
|
|
1.0 |
% |
|
|
1,485 |
|
|
1.1 |
% |
|
Depreciation expense |
|
348 |
|
|
0.3 |
% |
|
|
540 |
|
|
0.4 |
% |
|
Interest expense (income), net |
|
44 |
|
|
— |
% |
|
|
(148 |
) |
|
(0.1 |
%) |
|
Income tax expense |
|
477 |
|
|
0.4 |
% |
|
|
1,054 |
|
|
0.8 |
% |
|
EBITDA |
|
(343 |
) |
|
(0.3 |
%) |
|
|
(2,776 |
) |
|
(2.0 |
%) |
|
Stock-based compensation expense |
|
2,281 |
|
|
1.9 |
% |
|
|
1,561 |
|
|
1.1 |
% |
|
Amortized ERP system costs (2) |
|
702 |
|
|
0.6 |
% |
|
|
— |
|
|
— |
% |
|
Technology transformation costs (3) |
|
— |
|
|
— |
% |
|
|
1,858 |
|
|
1.4 |
% |
|
Acquisition costs (4) |
|
425 |
|
|
0.4 |
% |
|
|
1,289 |
|
|
0.9 |
% |
|
|
|
— |
|
|
— |
% |
|
|
3,855 |
|
|
2.8 |
% |
|
Gain on sale of assets (6) |
|
— |
|
|
— |
% |
|
|
(3,420 |
) |
|
(2.5 |
%) |
|
Restructuring cost (7) |
|
— |
|
|
— |
% |
|
|
(47 |
) |
|
— |
% |
|
Adjusted EBITDA |
$ |
3,065 |
|
|
2.5 |
% |
|
$ |
2,320 |
|
|
1.7 |
% |
|
|
|
|
|
|
|
|
|
||||||
|
Adjusted Diluted Earnings per Common Share |
|
|
|
|
|
|
|
||||||
|
Diluted loss per common share, as reported |
$ |
(0.07 |
) |
|
|
|
$ |
(0.17 |
) |
|
|
||
|
Stock-based compensation expense |
|
0.07 |
|
|
|
|
|
0.05 |
|
|
|
||
|
Amortized ERP system costs (2) |
|
0.02 |
|
|
|
|
|
— |
|
|
|
||
|
Technology transformation costs (3) |
|
— |
|
|
|
|
|
0.06 |
|
|
|
||
|
Acquisition costs (4) |
|
0.01 |
|
|
|
|
|
0.04 |
|
|
|
||
|
|
|
— |
|
|
|
|
|
0.12 |
|
|
|
||
|
Gain on sale of assets (6) |
|
— |
|
|
|
|
|
(0.10 |
) |
|
|
||
|
Income tax impact of adjustments (8) |
|
— |
|
|
|
|
|
— |
|
|
|
||
|
Adjusted diluted earnings per common share (9) |
$ |
0.03 |
|
|
|
|
$ |
— |
|
|
|
||
|
(1) |
|
The percentage of revenue may not foot due to rounding. |
|
(2) |
|
Amortized ERP system costs represent the amortization of capitalized technology transformation costs related to a newly implemented ERP system, which was recorded within SG&A expenses on the Consolidated Statement of Operations. |
|
(3) |
|
Technology transformation costs represent costs included in net loss related to the Company’s initiative to upgrade its technology platform globally, including a cloud-based ERP system and talent acquisition and management systems. Such costs primarily include hosting and certain other software licensing costs, third-party consulting fees and costs associated with dedicated internal resources that are not capitalized. |
|
(4) |
|
Acquisition costs primarily represent costs included in net loss related to the Company’s business acquisition. These costs include transaction bonuses, cash retention bonus accruals, and fees paid to the Company’s broker, legal counsel, and other professional services firms. |
|
(5) |
|
The effect of the goodwill impairment charge recognized during the three months ended |
|
(6) |
|
Gain on sale of assets was related to the Company’s sale of its Irvine office building, which was completed on |
|
(7) |
|
Restructuring costs during the three months ended |
|
(8) |
|
The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates. An adjusted effective income tax rate has been determined for each period presented by applying the statutory income tax rate, net of adjustments for valuation allowances, where applicable, which was used to compute Adjusted Net Income for the periods presented. For the quarter ended |
|
(9) |
|
Adjusted diluted earnings per share is based on weighted average diluted shares outstanding of 33,165,096 and 33,406,552 as of |
Segment Results
The Company’s reportable segments are as follows:
- On-Demand Talent – provides businesses with a go-to source for bringing in experts when they need them, serving predominantly the office of the CFO.
- Consulting – drives transformation process across people, processes and technology across domain areas including finance, technology and digital, risk and compliance and operational performance.
-
Europe &Asia Pacific – is a geographically defined segment that offers both on-demand and consulting services (excluding the digital consulting business, which is included in our Consulting segment) to clients throughoutEurope &Asia Pacific . - Outsourced Services – operating under the Countsy by RGPTM brand, this segment offers finance, accounting and human resource services provided to startups, spinouts and scaleups enterprises, utilizing a technology platform and fractional team.
- Sitrick – a crisis communications and public relations firm that provides corporate, financial, transactional and crisis communication and management services.
The Company’s reportable segments are comprised of On-Demand, Consulting, Outsourced Services, and
|
|
|||||||||||||
|
|
Three Months Ended |
||||||||||||
|
|
|
|
% of Revenue (1) |
|
|
|
% of Revenue (1) |
||||||
|
Adjusted EBITDA: |
(Unaudited) |
|
(Unaudited) |
||||||||||
|
On-Demand Talent |
$ |
4,422 |
|
|
10.0 |
% |
|
$ |
2,559 |
|
|
4.9 |
% |
|
Consulting |
|
5,045 |
|
|
11.6 |
% |
|
|
7,753 |
|
|
14.1 |
% |
|
|
|
837 |
|
|
4.2 |
% |
|
|
227 |
|
|
1.3 |
% |
|
Outsourced Services |
|
2,330 |
|
|
23.3 |
% |
|
|
1,394 |
|
|
14.7 |
% |
|
All Other |
|
183 |
|
|
8.1 |
% |
|
|
(467 |
) |
|
(23.8 |
%) |
|
Unallocated items (2) |
|
(9,752 |
) |
|
|
|
|
(9,146 |
) |
|
|
||
|
Adjustments: |
|
|
|
|
|
|
|
||||||
|
Stock-based compensation expense |
|
(2,281 |
) |
|
|
|
|
(1,561 |
) |
|
|
||
|
Amortized ERP system costs (3) |
|
(702 |
) |
|
|
|
|
— |
|
|
|
||
|
Technology transformation costs (4) |
|
— |
|
|
|
|
|
(1,858 |
) |
|
|
||
|
Acquisition costs (5) |
|
(425 |
) |
|
|
|
|
(1,289 |
) |
|
|
||
|
|
|
— |
|
|
|
|
|
(3,855 |
) |
|
|
||
|
Gain on sale of assets (7) |
|
— |
|
|
|
|
|
3,420 |
|
|
|
||
|
Restructuring cost (8) |
|
— |
|
|
|
|
|
47 |
|
|
|
||
|
Amortization expense |
|
(1,193 |
) |
|
|
|
|
(1,485 |
) |
|
|
||
|
Depreciation expense |
|
(348 |
) |
|
|
|
|
(540 |
) |
|
|
||
|
Interest (expense) income, net |
|
(44 |
) |
|
|
|
|
148 |
|
|
|
||
|
Loss before income tax expense |
|
(1,928 |
) |
|
|
|
|
(4,653 |
) |
|
|
||
|
Income tax expense |
|
(477 |
) |
|
|
|
|
(1,054 |
) |
|
|
||
|
Net loss |
$ |
(2,405 |
) |
|
|
|
$ |
(5,707 |
) |
|
|
||
|
(1) |
|
Segment Adjusted EBITDA Margin is calculated by dividing segment Adjusted EBITDA by segment revenue. |
|
(2) |
|
Unallocated items are generally comprised of unallocated corporate administrative costs, including management and board compensation, corporate support function costs and other general corporate costs that are not allocated to segments. |
|
(3) |
|
Amortized ERP system costs represent the amortization of capitalized technology transformation costs related to a newly implemented ERP system, which was recorded within selling, general, and administrative expenses on the Consolidated Statement of Operations. |
|
(4) |
|
Technology transformation costs represent costs included in net loss related to the Company’s initiative to upgrade its technology platform globally, including a cloud-based ERP system and talent acquisition and management systems. Such costs primarily include hosting and certain other software licensing costs, third-party consulting fees and costs associated with dedicated internal resources that are not capitalized. |
|
(5) |
|
Acquisition costs primarily represent costs included in net loss related to the Company’s business acquisition. These costs include transaction bonuses, cash retention bonus accruals, and fees paid to the Company’s broker, legal counsel, and other professional services firms. See Note 4 – Acquisitions in the Notes to Consolidated Financial Statements for further discussion. |
|
(6) |
|
The effect of the goodwill impairment charge recognized during the three months ended |
|
(7) |
|
Gain on sale of assets was related to the Company’s sale of its Irvine office building, which was completed on |
|
(8) |
|
Restructuring costs during the three months ended |
The following table discloses the Company’s average bill rate by segment for the last five quarters ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Average bill rate (1): |
(Unaudited) |
||||||||||||||||
|
Consolidated bill rate |
$ |
121 |
|
|
$ |
125 |
|
$ |
123 |
|
|
$ |
123 |
|
|
$ |
118 |
|
On-Demand Talent |
$ |
140 |
|
|
$ |
143 |
|
$ |
140 |
|
|
$ |
140 |
|
|
$ |
140 |
|
Consulting |
$ |
160 |
|
|
$ |
158 |
|
$ |
159 |
|
|
$ |
154 |
|
|
$ |
145 |
|
|
$ |
60 |
|
|
$ |
64 |
|
$ |
59 |
|
|
$ |
59 |
|
|
$ |
56 |
|
Outsourced Services |
$ |
136 |
|
|
$ |
140 |
|
$ |
137 |
|
|
$ |
140 |
|
|
$ |
139 |
|
(1) |
|
Average bill rates are calculated by dividing total revenue by the total number of billable hours. |
|
|
|||||||
|
|
|
|
|
||||
|
SELECTED BALANCE SHEET INFORMATION: |
2025 |
|
2025 |
||||
|
|
(Unaudited) |
|
|
||||
|
Cash and cash equivalents |
$ |
77,518 |
|
|
$ |
86,147 |
|
|
Trade accounts receivable, net of allowance for credit losses |
$ |
93,555 |
|
|
$ |
99,210 |
|
|
Total assets |
$ |
287,211 |
|
|
$ |
304,688 |
|
|
Current liabilities |
$ |
58,614 |
|
|
$ |
75,402 |
|
|
Total liabilities |
$ |
80,852 |
|
|
$ |
97,607 |
|
|
Total stockholders’ equity |
$ |
206,359 |
|
|
$ |
207,081 |
|
|
|
|
|
|
||||
|
|
Three Months Ended |
||||||
|
|
|
|
|
||||
|
SELECTED CASH FLOW INFORMATION: |
2025 |
|
2025 |
||||
|
|
(Unaudited) |
|
(Unaudited) |
||||
|
Cash flow — operating activities |
$ |
(7,832 |
) |
|
$ |
(309 |
) |
|
Cash flow — investing activities |
$ |
(121 |
) |
|
$ |
(10,924 |
) |
|
Cash flow — financing activities |
$ |
(1,554 |
) |
|
$ |
(7,685 |
) |
|
|
|
|
|
||||
|
|
Three Months Ended |
||||||
|
|
|
|
|
||||
|
SELECTED OTHER INFORMATION: |
2025 |
|
2024 |
||||
|
|
(Unaudited) |
|
(Unaudited) |
||||
|
Agile consultant headcount – on assignment, during period |
|
2,231 |
|
|
|
2,730 |
|
|
Salaried consultant headcount – average of period |
|
418 |
|
|
|
482 |
|
|
Average bill rate (1) |
$ |
121 |
|
|
$ |
118 |
|
|
Average pay rate (1) |
$ |
57 |
|
|
$ |
57 |
|
|
Common shares outstanding, end of period |
|
33,391 |
|
|
|
33,472 |
|
|
(1) |
|
Rates represent the weighted average bill rates and pay rates across the countries in which we operate. Such weighted average rates are impacted by the mix of our business across the geographies as well as fluctuations in currency rates. The constant currency average bill and pay rates noted immediately above are calculated using the same exchange rates in the first quarter of fiscal 2025. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251008056558/en/
Analyst Contact:
Chief Financial Officer
(US+) 1-714-430-6500
jennifer.ryu@rgp.com
Media Contact:
Financial Profiles
(US+) 1-310-622-8244
pburek@finprofiles.com
Source: