The earnings call highlighted significant revenue growth and improved performance in key practices, leading to increased revenue guidance. However, challenges remain in maintaining consultant headcount and within the Life Sciences practice. Overall, the positive aspects outweigh the negatives.

Company Guidance -

Q3 2025

During the Charles River Associates (CRA) Second Quarter 2025 Conference Call, the company increased its full-year fiscal 2025 revenue guidance to a range of $730 million to $745 million, up from the previous range of $715 million to $735 million. They also adjusted the lower end of their non-GAAP EBITDA margin guidance to 12.3% to 13.0%. This decision was driven by a strong first half, with revenue reaching $367.6 million, representing a 9% year-over-year increase in the second quarter to $186.9 million. CRA also reported a 6% increase in non-GAAP net income, EPS, and EBITDA compared to the first half of fiscal 2024. Consultant utilization improved to 76%, and project lead flow increased by 5% year-over-year. The Antitrust & Competition Economics practice achieved record quarterly revenue, supported by robust M&A activity, while the Energy practice saw strong demand due to policy shifts and load growth. Despite a slight decline in the Life Sciences practice, the first half of fiscal 2025 was the best in CRA's history. The company ended the second quarter with $145.9 million in total liquidity, after repurchasing $43.2 million worth of shares and paying $3.4 million in dividends.

Record Revenue Growth

Revenue in the second quarter increased by 9% year-over-year to $186.9 million, marking the best first half of revenue in the company's history.

Strong Performance in Key Practices

Antitrust & Competition Economics, Energy, Intellectual Property, and Labor & Employment practices posted double-digit revenue growth.

Increased Revenue Guidance

CRA raised its revenue guidance for fiscal 2025 to $730 million to $745 million, up from the prior range of $715 million to $735 million.

Successful M&A Advisory

Supported Hewlett Packard Enterprises and Juniper Networks in securing regulatory approval for their $14 billion merger.

Consultant Utilization Improvement

Consultant utilization improved to 76% year-over-year, supported by a 2% increase in project lead flow.

Capital Returns to Shareholders

Returned $46.6 million to shareholders, including $3.4 million of dividend payments and $43.2 million for share repurchases.

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)	1.80 / -	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 International (CRAI) report earnings?

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

What is CRA International (CRAI) earnings time?

CRA International (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 1.8.

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