Huron Consulting Group Inc.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

HURN$166.47+3.0%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Balance Sheets at December 31, 2025 and 2024

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

	December 31, 2025	December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$24,508	$21,911
Receivables from clients, net of allowances of $10,519 and $11,575, respectively	186,506	197,771
Unbilled services, net of allowances of $3,384 and $2,203, respectively	195,464	160,017
Income tax receivable	8,430	1,355
Prepaid expenses and other current assets	33,676	28,063
Total current assets	448,584	409,117
Property and equipment, net	23,472	21,678
Deferred income taxes, net	3,563	2,546
Long-term investments, net of allowances of $10,382 and $0, respectively	36,433	69,712
Operating lease right-of-use assets	20,027	19,176
Other non-current assets	134,781	116,569
Intangible assets, net	72,927	26,076
Goodwill	786,896	678,743
Total assets	$1,526,683	$1,343,617
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$12,354	$11,539
Accrued expenses and other current liabilities	38,117	26,768
Accrued payroll and related benefits	266,950	247,579
Current maturities of long-term debt	20,000	13,750
Current maturities of operating lease liabilities	14,304	12,315
Deferred revenues	31,708	26,869
Total current liabilities	383,433	338,820
Non-current liabilities:
Deferred compensation and other liabilities	63,316	42,481
Long-term debt, net of current portion	489,665	342,857
Operating lease liabilities, net of current portion	24,371	29,686
Deferred income taxes, net	37,269	28,446
Total non-current liabilities	614,621	443,470
Commitments and contingencies
Stockholders’ equity
Common stock; $0.01 par value; 500,000,000 shares authorized; 20,465,234 and 20,780,928 shares issued, respectively	205	208
Treasury stock, at cost, 3,269,301 and 3,065,633 shares, respectively	(189,989)	(160,093)
Additional paid-in capital	87,885	177,673
Retained earnings	636,693	531,653
Accumulated other comprehensive income (loss)	(6,165)	11,886
Total stockholders’ equity	528,629	561,327
Total liabilities and stockholders’ equity	$1,526,683	$1,343,617

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

(In thousands, except per share amounts)

	Year Ended December 31,
	2025	2024	2023
Revenues:
Revenues before reimbursable expenses	$1,662,836	$1,486,085	$1,362,060
Reimbursable expenses	36,307	35,720	36,695
Total revenues	1,699,143	1,521,805	1,398,755
Operating expenses:
Direct costs (exclusive of depreciation and amortization included below)	1,122,429	1,010,077	942,697
Reimbursable expenses	36,301	35,715	36,766
Selling, general and administrative expenses	318,015	286,655	257,932
Other losses (gains), net	3,072	(14,196)	(444)
Restructuring charges	9,136	9,913	11,550
Depreciation and amortization	31,620	24,822	24,906
Total operating expenses	1,520,573	1,352,986	1,273,407
Operating income	178,570	168,819	125,348
Other income (expense), net:
Interest expense, net of interest income	(34,197)	(25,347)	(19,573)
Other income (expense), net	(9,293)	10,544	(21,880)
Total other income (expense), net	(43,490)	(14,803)	(41,453)
Income before taxes	135,080	154,016	83,895
Income tax expense	30,040	37,390	21,416
Net income	$105,040	$116,626	$62,479
Earnings per share:
Net income per basic share	$6.02	$6.52	$3.32
Net income per diluted share	$5.84	$6.27	$3.19
Weighted average shares used in calculating earnings per share:
Basic	17,445	17,894	18,832
Diluted	17,991	18,613	19,601
Comprehensive income (loss):
Net income	$105,040	$116,626	$62,479
Foreign currency translation adjustments, net of tax	1,690	(3,391)	512
Unrealized gain (loss) on investment, net of tax	(15,041)	(4,177)	7,811
Unrealized loss on cash flow hedging instruments, net of tax	(4,700)	(3,373)	(3,615)
Other comprehensive income (loss)	(18,051)	(10,941)	4,708
Comprehensive income	$86,989	$105,685	$67,187

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.