Earnings analysis · 10-Q
FCN earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
FTI Consulting, Inc. posted a 9.5% revenue growth in Q1 2026, totaling $983.3 million, driven by advancements in Corporate Finance, Strategic Communications, and Technology segments. However, net income decreased to…
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FTI Consulting, Inc. posted a 9.5% revenue growth in Q1 2026, totaling $983.3 million, driven by advancements in Corporate Finance, Strategic Communications, and Technology segments. However, net income decreased to $57.6 million, down 6.8% year-over-year, reflecting elevated direct costs and higher interest expenses.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
Reported figures
- Earnings per share
- $1.9
What stood out
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Significant Revenue Growth
Revenue increased by $85.1 million, or 9.5%, to $983.3 million compared to Q1 2025.
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Strong Corporate Finance Performance
Corporate Finance segment revenues rose 19.1% to $409.5 million from $343.6 million in Q1 2025.
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No Special Charges in 2026
There were no special charges in Q1 2026 compared to $25.3 million recorded in the same period in 2025.
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EPS Improvement Year-over-Year
Diluted EPS was $1.90 for Q1 2026, up $0.16 from $1.74 in Q1 2025.
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Reduced Cash Used in Operations
Net cash used in operating activities decreased by 33.4% to $310.0 million from $465.2 million in Q1 2025.
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Stock Repurchase Program Active
FTI repurchased 787,098 shares for approximately $126.8 million during Q1 2026.
What to watch
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Rising Interest Expenses
Interest expenses increased to $6.4 million in Q1 2026, compared to $1.0 million a year prior.
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Decline in Net Income
Net income decreased by $4.2 million, or 6.8%, from $61.8 million in Q1 2025.
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Increased Unallocated Corporate Expenses
Unallocated corporate expenses rose 130.8% to $45.6 million compared to $19.8 million in Q1 2025.
Management's outlook
Outlook deferred to earnings press release / call.
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.