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CRA International (CRAI)
NASDAQ:CRAI
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.06Last Year’s EPS
2.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record operating and financial achievements (record annual and quarterly revenue, strong EBITDA and cash flow conversion, broad-based practice and international growth, robust deal lead flow, and constructive 2026 guidance). Management acknowledged near-term headwinds that are largely non-operational or one-time in nature (increased noncash forgivable loan amortization from concentrated talent investments, a higher projected effective tax rate, elevated DSO and calendar comparability from a 53-week year). Management presented a confident outlook on AI as a revenue/productivity enabler and reiterated disciplined capital allocation (share repurchase expansion, dividends, rapid revolver repayment). Overall, the positives in operating momentum, profitability, cash generation and guidance materially outweigh the noted challenges.Company Guidance
Record Annual and Quarterly Revenue
Fiscal 2025 revenue of $751.6M, up 9.3% YoY, marking CRA's eighth consecutive year of record annual revenue; Q4 revenue was the best quarterly revenue in company history, up 11.6% YoY.
Strong Profitability and EBITDA
Non-GAAP EBITDA of $96.8M for fiscal 2025, producing a non-GAAP EBITDA margin of 12.9%; management emphasized record profits measured by net income, EPS and EBITDA.
Broad-Based Practice Growth
Seven practices grew top lines in fiscal 2025; Antitrust & Competition Economics, Energy and Intellectual Property each delivered double-digit revenue growth YoY; Q4 saw four practices (Antitrust, Energy, Forensic Services, Labor & Employment) deliver double-digit growth.
International Growth Outpaced North America
Geographic contribution: North America revenue +7.3% YoY and international revenue +19.5% YoY for fiscal 2025.
Robust Sales Pipeline and Lead Flow
Q4 weekly average project lead flow increased 9.3% YoY and new project originations rose 7.7% YoY, supporting record Q4 revenue and suggesting momentum into fiscal 2026.
Cash Flow Strength and Capital Returns
Adjusted net cash flows from operations were $108.4M in fiscal 2025, up 17% YoY; CRA converted 112% of non-GAAP EBITDA into adjusted net cash flows and returned $61M to shareholders in fiscal 2025 (56% of adjusted cash flows).
Disciplined Capital Allocation and Balance Sheet Actions
Repaid $61M of net borrowings in Q4 to reduce year-end borrowings (year-end net borrowings $15.8M, then fully repaid post-year-end); Board expanded share repurchase authorization by $55M (now $65.9M available).
Talent Investment and Leadership Expansion
Promoted 8 colleagues to VP and hired 19 new VPs; hired external Chief Marketing Officer and a Vice President of Artificial Intelligence; spent $87.9M in fiscal 2025 on acquiring/retaining senior revenue-generating talent.
Positive 2026 Guidance
Fiscal 2026 guidance (constant currency): revenue $785M–$805M and non-GAAP EBITDA margin 12.0%–13.0%; management expects only modest currency headwinds (~$5M revenue impact).
Productivity and AI Adoption Narrative
Management presented AI as a revenue and productivity enabler (examples include CRA Adequacy X and efficiency gains in code, document review and translations); adoption is described as disciplined with governance and human oversight.
CRAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $160.26 | $167.40 | +4.46% |
Oct 30, 2025 | $177.62 | $184.10 | +3.65% |
Jul 31, 2025 | $172.09 | $175.64 | +2.06% |
May 01, 2025 | $160.84 | $165.05 | +2.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CRA International (CRAI) report earnings?
CRA International (CRAI) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is CRA International (CRAI) earnings time?
CRA International (CRAI) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRAI EPS forecast?
CRAI EPS forecast for the fiscal quarter 2026 (Q1) is 2.06.