Strong Overall Revenue Growth
Revenues before reimbursable expenses (RBR) grew 11% over the first quarter of 2024. All three operating segments reported strong growth.
Healthcare Segment Performance
Healthcare segment RBR grew 10% over the prior year quarter, driven by strong demand for performance improvement and financial advisory offerings.
Commercial Segment Growth
Commercial segment RBR grew 17% over the prior year quarter, driven by the acquisition of AXIA and strong demand for digital offerings.
Education Segment Growth
Education segment RBR grew 10% in the first quarter of 2025 over the prior year quarter, driven by demand for strategy and operations and software product offerings.
Net Income Increase
Net income for the first quarter of 2025 increased 36.3% to $24.5 million compared to the same quarter in 2024.
Adjusted EBITDA Improvement
Adjusted EBITDA was $41.5 million in Q1 2025, representing a 10.5% margin compared to 9.5% in the first quarter of 2024.