KORN FERRY
For the period ended Oct 31, 2025. Filed Dec 9, 2025.
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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.
Oct 31, 2025 · Filed Dec 9, 2025
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended October 31, 2025
OR
| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from _________ to ___________
Commission File Number 001-14505
KORN FERRY
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 95-2623879 |
|---|---|
| (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
1900 Avenue of the Stars, Suite 1225, Los Angeles, California 90067
(Address of principal executive offices) (Zip Code)
(310)552-1834
(Registrant’s telephone number, including area code)
Securities Registered Pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, par value $0.01 per share | KFY | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ Noo
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large Accelerated Filer ☑ | Accelerated filer o |
| Non-accelerated filer o | Smaller reporting company ☐ |
| Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☑
The number of shares outstanding of our common stock as of December 4, 2025 was 52,194,944 shares.
KORN FERRY
Table of Contents
| Item # | Description | Page |
|---|---|---|
| Part I. Financial Information | ||
| Item 1. · Condensed Consolidated Financial Statements | ||
| Condensed Consolidated Balance Sheets as of October 31, 2025 (unaudited) and April 30, 2025 | 1 | |
| Condensed Consolidated Statements of Income (unaudited) for the three and six months ended October 31, 2025 and 2024 | 2 | |
| Condensed Consolidated Statements of Comprehensive Income (unaudited) for the three and six months ended October 31, 2025 and 2024 | 3 | |
| Condensed Consolidated Statements of Stockholders’ Equity (unaudited) for three and six months ended October 31, 2025 and 2024 | 4 | |
| Condensed Consolidated Statements of Cash Flows (unaudited) for the six months ended October 31, 2025 and 2024 | 5 | |
| Notes to Condensed Consolidated Unaudited Financial Statements | 6 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 26 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 44 |
| Item 4. | Controls and Procedures | 45 |
| Part II. Other Information | ||
| Item 1. | Legal Proceedings | 46 |
| Item 1A. | Risk Factors | 46 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 46 |
| Item 5. | Other Information | 46 |
| Item 6. | Exhibits | 47 |
| Signatures | 48 | |
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