EXPONENT INC

For the period ended Oct 29, 2026. Filed Oct 29, 2026.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Oct 29, 2026 · Filed Oct 29, 2026

Use the contents to explore the available documents and sections.

EXPO$84.02-2.1%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.1 · Forward Looking Statements

Forward Looking Statements

This news release contains, and incorporates by reference, certain “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995, and the rules promulgated pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended) that are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. When used in this document and in the documents incorporated herein by reference, the words “intend,” “anticipate,” “believe,” “estimate,” “expect” and similar expressions, as they relate to the Company or its management, identify such forward-looking statements. Such statements reflect the current views of the Company or its management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, any such forward-looking statements. Factors that could cause or contribute to such material differences include the possibility that the demand for our services may decline as a result of changes in generally applicable and industry-specific economic conditions, the timing of engagements for our services, the effects of competitive services and pricing, the absence of backlog related to our business, our ability to attract and retain key employees, the effect of tort reform and government regulation on our business, and liabilities resulting from claims made against us. Additional risks and uncertainties are discussed in our Annual Report on Form 10-K under the heading “Risk Factors” and elsewhere in the report. The inclusion of such forward-looking information should not be regarded as a representation by the Company or any other person that the future events, plans, or expectations contemplated by the Company will be achieved. The Company undertakes no obligation to release publicly any updates or revisions to any such forward-looking statements.

Source: Exponent, Inc.

EXPONENT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
For the Quarters Ended October 2, 2026 and October 3, 2025
(unaudited)
(in thousands, except per share data)
Quarter Ended · Nine Months Ended
October 2, · October 3, · October 2, · October 3,
2026 · 2025 · 2026 · 2025
Revenues
	Revenues before reimbursements		$153,063			$137,073			$453,740			$407,378
	Reimbursements				20,670			10,047			57,908			27,211
		Revenues				173,733			147,120			511,648			434,589
Operating expenses
	Compensation and related expenses		90,038			87,726			282,018			261,103
	Other operating expenses			13,814			12,655			39,504			36,822
	Reimbursable expenses			20,670			10,047			57,908			27,211
	General and administrative expenses		7,334			7,654			20,940			18,806
							131,856			118,082			400,370			343,942
		Operating income			41,877			29,038			111,278			90,647
Other income (expense), net
	Interest income, net			668			2,312			3,102			7,370
	Miscellaneous income (expense), net		448			7,267			11,718			15,175
							1,116			9,579			14,820			22,545
		Income before income taxes		42,993			38,617			126,098			113,192
Income taxes					12,050			10,573			36,191			31,945
		Net income				$30,943			$28,044			$89,907			$81,247
Net income per share:
	Basic					$0.64			$0.55			$1.84			$1.59
	Diluted					$0.64			$0.55			$1.83			$1.58
Shares used in per share computations:
	Basic					48,131			50,872			48,891			51,113
	Diluted					48,422			51,179			49,195			51,454

EXPONENT, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
October 2, 2026 and January 2, 2026
(unaudited)
(in thousands)
October 2, · January 2,
2026 · 2026
	Assets
Current assets:
	Cash and cash equivalents			$114,689			$221,930
	Accounts receivable, net				209,604				181,507
	Prepaid expenses and other assets			28,976				24,143
		Total current assets				353,269				427,580
Property, equipment and leasehold improvements, net			69,900				71,981
Operating lease right-of-use asset			68,208				73,376
Goodwill					8,607				8,607
Other assets					193,092				195,975
							$693,076			$777,519
	Liabilities and Stockholders' Equity
Current liabilities:
	Accounts payable and accrued liabilities		$34,733			$30,942
	Accrued payroll and employee benefits			121,993				121,302
	Deferred revenues					18,503				18,868
	Operating lease liability				6,533				6,890
		Total current liabilities			181,762				178,002
Other liabilities					128,822				133,232
Operating lease liability				74,606				75,944
		Total liabilities				385,190				387,178
Stockholders' equity:
	Common stock					66				66
	Additional paid-in capital				392,784				369,747
	Accumulated other comprehensive loss			(2,496)				(2,290)
	Retained earnings					712,318				668,423
	Treasury stock, at cost				(794,786)				(645,605)
			Total stockholders' equity			307,886				390,341
							$693,076			$777,519

EXPONENT, INC.
EBITDA and EBITDAS (1)
For the Quarters Ended October 2, 2026 and October 3, 2025
(unaudited)
(in thousands)
Quarter Ended · Nine Months Ended
October 2, · October 3, · October 2, · October 3,
2026 · 2025 · 2026 · 2025
Net Income					$30,943				$28,044				$89,907				$81,247
Add back (subtract):
	Income taxes				12,050				10,573				36,191				31,945
	Interest income, net			(668)				(2,312)				(3,102)				(7,370)
	Depreciation and amortization		2,651				2,532				7,844				7,544
		EBITDA (1)				44,976				38,837				130,840				113,366
	Stock-based compensation			6,694				5,341				22,432				18,767
		EBITDAS (1)			$51,670				$44,178				$153,272				$132,133
(1) EBITDA is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization. EBITDAS is a non-GAAP financial measure defined by the Company as EBITDA before stock-based compensation. The Company regards EBITDA and EBITDAS as useful measures of operating performance and cash flow to complement operating income, net income and other GAAP financial performance measures. Additionally, management believes that EBITDA and EBITDAS provide meaningful comparisons of past, present and future operating results. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. These measures, however, should be considered in addition to, and not as a substitute or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP.

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.