CRA's earnings call highlighted strong revenue growth across multiple practices, particularly in Antitrust & Competition Economics, and record-setting first-half results, leading to an increase in revenue guidance. However, headcount reductions, challenges in the Life Sciences practice, and high debt levels were notable concerns. Overall, the positive performance metrics and strategic achievements outweigh the lowlights.

Company Guidance -

Q3 2025

During the second quarter of fiscal 2025, Charles River Associates reported a 9% year-over-year revenue increase to $186.9 million, marking a continuation of their strong performance from the first quarter. This growth was driven by double-digit revenue increases in their Antitrust & Competition Economics, Energy, Intellectual Property, and Labor & Employment practices. The company's North American and international operations also saw revenue growth of 9.4% and 7.0%, respectively. CRA's non-GAAP net income, EPS, and EBITDA surpassed the record-setting first half of fiscal 2024 by 6%, 8%, and 8%, respectively. With a consultant utilization rate improving to 76%, CRA increased its revenue guidance for the full year fiscal 2025 to a range of $730 million to $745 million and adjusted the lower end of its non-GAAP EBITDA margin guidance to 12.3% to 13.0%. The company's legal and regulatory services revenue rose nearly 11%, supported by a 17% increase in total case filings. CRA's competition practice contributed significantly to this growth, advising on high-profile mergers during a period where worldwide M&A activity reached nearly $2 trillion, the strongest since 2022. Additionally, CRA returned $46.6 million of capital to shareholders through dividends and share repurchases, and ended the quarter with total liquidity of $145.9 million.

Revenue Growth Across Practices

CRA reported a 9% year-over-year increase in second quarter revenue to $186.9 million, with 7 of 11 practices growing year-over-year. Notable growth occurred in Antitrust & Competition Economics, Energy, Intellectual Property, and Labor & Employment practices, each posting double-digit revenue growth.

Record First Half of Fiscal 2025

The first half of fiscal 2025 was the best in the company's history, with revenue of $367.6 million and non-GAAP EBITDA of $47.7 million, resulting in a margin of 13%.

Antitrust & Competition Economics Practice Success

The Antitrust & Competition Economics practice set a new quarterly revenue record, contributing significantly to the firm's growth by supporting high-profile mergers and securing a $406 million jury verdict in a pharmaceutical case.

Increase in Revenue Guidance

CRA raised its full-year fiscal 2025 revenue guidance to $730 million-$745 million, up from $715 million-$735 million, and increased the lower end of its non-GAAP EBITDA margin guidance.

Consultant Utilization Improvement

Consultant utilization improved to 76% year-over-year, supported by replenishing the sales pipeline and increasing project lead flow by 5% year-over-year after adjustments.

Cra International (CRAI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CRAI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.78 / -	1.77	―	―	―
Jul 31, 2025	2025 (Q2)	1.84 / 1.88	1.83	2.73% (+0.05)	―
May 01, 2025	2025 (Q1)	1.95 / 2.22	1.96	13.27% (+0.26)	―
Feb 20, 2025	2024 (Q4)	1.62 / 2.03	1.63	24.54% (+0.40)	―
Oct 31, 2024	2024 (Q3)	1.58 / 1.77	1.13	56.64% (+0.64)	―
Aug 01, 2024	2024 (Q2)	1.50 / 1.83	1.42	28.87% (+0.41)	―
May 02, 2024	2024 (Q1)	1.40 / 1.96	1.29	51.94% (+0.67)	―
Feb 29, 2024	2023 (Q4)	1.10 / 1.63	1.19	36.97% (+0.44)	―
Nov 02, 2023	2023 (Q3)	1.39 / 1.13	1.64	-31.10% (-0.51)	―
Aug 03, 2023	2023 (Q2)	1.36 / 1.42	1.58	-10.13% (-0.16)	―

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
Jul 31, 2025	$173.09	$176.66	+2.06%
May 01, 2025	$161.77	$166.01	+2.62%
Feb 20, 2025	$188.44	$209.87	+11.37%
Oct 31, 2024	$192.78	$180.73	-6.25%

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 Internationalinc. (CRAI) report earnings?

Cra Internationalinc. (CRAI) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Cra Internationalinc. (CRAI) earnings time?

Cra Internationalinc. (CRAI) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 1.79.

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