FTI CONSULTING, INC

FCN 10-Q · Q1 2026

FCN Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 983,345 898,282 +9.5%
Show Business Segments breakouts
Corporate Finance · Operating Segments 409,502 343,645 +19.2%
Economic Consulting · Operating Segments 175,648 179,861 -2.3%
Forensic And Litigation Consulting [Member] · Operating Segments 192,878 190,602 +1.2%
Strategic Communications · Operating Segments 102,994 87,018 +18.4%
Technology · Operating Segments 102,323 97,156 +5.3%
Show Consolidation Items breakouts
Operating Segments 983,345 898,282 +9.5%
Cost of Revenue 676,518 608,928 +11.1%
Total Costs & Expenses 899,428 819,575 +9.7%
Gross Profit 306,827 289,354 +6.0%
Show Business Segments breakouts
Corporate Finance 147,067 112,073 +31.2%
Economic Consulting 20,573 41,416 -50.3%
Forensic And Litigation Consulting [Member] 65,465 72,641 -9.9%
Strategic Communications 40,415 30,326 +33.3%
Technology 33,307 32,898 +1.2%
Show Consolidation Items breakouts
Material Reconciling Items 306,827 289,354 +6.0%
Selling, General & Administrative 222,298 184,335 +20.6%
Show Consolidation Items breakouts
Material Reconciling Items 222,298 184,335 +20.6%
Operating Income 83,917 78,707 +6.6%
Non-Operating Income (Expense) -5,371 1,874 -386.6%
Interest Expense -6,445 -968 -565.8%
Show Consolidation Items breakouts
Material Reconciling Items -6,445 -968 -565.8%
Income Before Taxes 78,546 80,581 -2.5%
Show Consolidation Items breakouts
Material Reconciling Items 78,546 80,581 -2.5%
Income Tax Expense (Benefit) 20,915 18,757 +11.5%
Comprehensive Income 47,578 76,398 -37.7%
Other Comprehensive Income -10,053 14,574 -169.0%
EPS (Basic) 1.92 1.76 +9.1%
EPS (Diluted) 1.9 1.74 +9.2%
Wtd Avg Shares (Basic) 29,984 35,053 -14.5%
Wtd Avg Shares (Diluted) 30,329 35,500 -14.6%
Net Income Loss Available To Common Stockholders Basic 57,631 61,824 -6.8%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 198,276 151,121 +31.2%
Accounts Receivable 1,148,084
Notes And Loans Receivable Net Current 91,370 76,348 +19.7%
Prepaid Expenses & Other Current Assets 119,159 105,418 +13.0%
Total Current Assets 1,556,889 1,428,907 +9.0%
Non-Current Assets
Property, Plant & Equipment 166,209 162,097 +2.5%
Operating Lease Right-of-Use Assets 193,796
Goodwill 1,239,835
Show Business Segments breakouts
Corporate Finance 542,395
Economic Consulting 268,761
Forensic And Litigation Consulting [Member] 214,544
Strategic Communications 117,278
Technology 96,857
Notes And Loans Receivable Net Noncurrent 245,719 230,571 +6.6%
Other Non-Current Assets 91,174 86,372 +5.6%
Total Assets 3,506,530 3,347,702 +4.7%
Intangible Assets 7,283
Other Assets
Intangible Assets Net Excluding Goodwill 12,908
Current Liabilities
Accounts Payable And Accrued Liabilities Current 254,298 236,023 +7.7%
Employee Related Liabilities Current 369,346 333,174 +10.9%
Deferred Revenue (Current) 53,184 68,094 -21.9%
Total Current Liabilities 676,828 637,291 +6.2%
Non-Current Liabilities
Long-Term Debt 754,257 160,000 +371.4%
Operating Lease Liabilities 214,955
Deferred Tax Liabilities 103,251 110,858 -6.9%
Other Non-Current Liabilities 95,540 88,722 +7.7%
Total Liabilities 1,844,831 1,198,064 +54.0%
Long-Term Debt 754,257
Stockholders' Equity
Common Stock 301 349 -13.8%
Retained Earnings 1,801,055 2,311,287 -22.1%
Accumulated Other Comprehensive Income -139,657 -161,998 +13.8%
Total Stockholders' Equity 1,661,699 2,149,638 -22.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -139,657 -161,998 +13.8%
Common Stock 301 349 -13.8%
Retained Earnings 1,801,055 2,311,287 -22.1%
Total Liabilities & Equity 3,506,530 3,347,702 +4.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income 57,631 61,824 -6.8%
Show Equity Components breakouts
Retained Earnings 57,631 61,824 -6.8%
Depreciation And Amortization 12,289 10,145 +21.1%
Amortization Of Intangible Assets 612 1,017 -39.8%
Amortization Of Loans To Employees 23,099 9,930 +132.6%
Provision For Doubtful Accounts 7,283 7,214 +1.0%
Stock-Based Compensation 10,608 9,753 +8.8%
Deferred Income Tax Expense Benefit Excluding C T A 2,933 8,889 -67.0%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 232 275 -15.6%
Change in Accounts Receivable -123,341 -74,890 -64.7%
Increase Decrease In Notes Receivable Current -22,564 -162,003 +86.1%
Change in Prepaid & Other Assets 5,275 -4,445 +218.7%
Increase Decrease In Accounts Payable And Accrued Liabilities 36,268 7,653 +373.9%
Increase Decrease In Accrued Income Taxes Payable 7,922 -30,198 +126.2%
Increase Decrease In Employee Related Liabilities -325,018 -310,495 -4.7%
Increase Decrease In Billing In Excess Of Service Provided -3,252 121 -2787.6%
Net Cash from Operations -310,023 -465,210 +33.4%
Investing Activities
Capital Expenditures -10,618 -17,803 +40.4%
Net Cash from Investing -10,618 -17,803 +40.4%
Financing Activities
Proceeds From Lines Of Credit 590,000 235,000 +151.1%
Repayments Of Lines Of Credit -500,000 -75,000 -566.7%
Proceeds From Issuance Of Long Term Debt 300,000
Share Repurchases -126,827 -182,641 +30.6%
Tax Withholding for Share Compensation -5,954 -11,576 +48.6%
Proceeds From Payments For Other Financing Activities 1,279 1,916 -33.2%
Net Cash from Financing 258,498 -32,301 +900.3%
Supplemental
Interest Paid 4,772 461 +935.1%
Income Taxes Paid 10,059 40,066 -74.9%
Stock Issued During Period Value Stock Units Under Incentive Compensation Plan 3,587 4,369 -17.9%
Share Repurchase Program Excise Tax 1,375 1,526 -9.9%
Show Share Repurchase Program breakouts
2016 Stock Repurchase Program 1.4 1.5 -6.7%
Unpaid Capital Expenditures 1,201 4,843 -75.2%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -4,672 5,942 -178.6%
Net Change in Cash -66,815 -509,372 +86.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 198,276 151,121 +31.2%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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