TETRA TECH INC

For the period ended Mar 30, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2025 · Filed May 8, 2025

TTEK$41.09+2.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Financial Statements

Consolidated Balance Sheets

(unaudited - in thousands, except par value)

	As of
ASSETS	March 30,2025	September 29,2024
Current assets:
Cash and cash equivalents	$179,433	$232,689
Accounts receivable, net	1,223,214	1,051,461
Contract assets	134,106	129,678
Prepaid expenses and other current assets	129,425	113,555
Total current assets	1,666,178	1,527,383
Property and equipment, net	66,048	73,065
Right-of-use assets, operating leases	185,499	177,950
Goodwill	1,913,134	2,046,569
Intangible assets, net	136,784	160,585
Deferred tax assets	106,137	105,529
Other non-current assets	110,524	101,595
Total assets	$4,184,304	$4,192,676
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$262,300	$197,440
Accrued compensation	242,017	332,096
Contract liabilities	373,591	351,738
Short-term lease liabilities, operating leases	65,870	63,419
Current portion of long-term debt	250,000	—
Current contingent earn-out liabilities	20,497	26,934
Other current liabilities	302,240	247,900
Total current liabilities	1,516,515	1,219,527
Deferred tax liabilities	27,193	30,162
Long-term debt	764,189	812,634
Long-term lease liabilities, operating leases	143,242	140,095
Non-current contingent earn-out liabilities	10,773	21,812
Other non-current liabilities	148,611	138,033
Commitments and contingencies (Note 17)
Equity:
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 30, 2025 and September 29, 2024	—	—
Common stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 263,503 and 267,717 shares at March 30, 2025 and September 29, 2024, respectively	2,635	2,677
Additional paid-in capital	—	35,900
Accumulated other comprehensive loss	(153,180)	(78,875)
Retained earnings	1,724,203	1,870,620
Tetra Tech stockholders’ equity	1,573,658	1,830,322
Noncontrolling interests	123	91
Total stockholders' equity	1,573,781	1,830,413
Total liabilities and stockholders' equity	$4,184,304	$4,192,676

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.