CRAI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• There are no recent accounting standards that impact the unaudited condensed consolidated financial statements.

• Selling, general and administrative expenses16.7 18.8 16.9 18.3

• Fiscal Quarter Ended July 4, 2026, Compared to the Fiscal Quarter Ended June 28, 2025

• Revenues. Revenues increased by $23.9 million, or 12.8%, to $210.8 million for the second quarter of fiscal 2026 from $186.9 million for the second quarter of fiscal 2025. Utilization increased to 77% for the second quarter of fiscal 2026 from 76% for the second quarter of fiscal 2025, while consult…

• Overall, revenues outside of the U.S. represented approximately 22% and 19% of net revenues for the second quarter of fiscal 2026 and fiscal 2025, respectively. Revenues derived from fixed-price projects increased to 23% of net revenues for the second quarter of fiscal 2026 compared to 16% of net re…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• On January 4, 2026, CRA adopted Accounting Standards Update ("ASU") No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which modernized the accounting for internal-use software. ASU 2…

• Fiscal Quarter Ended April 4, 2026, Compared to the Fiscal Quarter Ended March 29, 2025

• Revenues. Revenues increased by $19.1 million, or 10.5%, to $201.0 million for the first quarter of fiscal 2026 from $181.9 million for the first quarter of fiscal 2025. Utilization increased to 77% for the first quarter of fiscal 2026 from 76% for the first quarter of fiscal 2025, while consultant …

• Overall, revenues outside of the U.S. represented approximately 20% and 18% of net revenues for each of the first quarters of fiscal 2026 and fiscal 2025, respectively. Revenues derived from fixed-price projects increased to 18% of net revenues for the first quarter of fiscal 2026 compared to 17% of…

• Costs of Services (exclusive of depreciation and amortization). Costs of services (exclusive of depreciation and amortization) increased by $24.6 million, or 20.4%, to $145.0 million for the first quarter of fiscal 2026 from $120.4 million for the first quarter of fiscal 2025. The increase in costs …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On July 31, 2026, CRA and its subsidiaries CRA International (UK) Limited (the “UK Borrower”) and CRA International Limited (the “Canadian Borrower” and, together with the UK Borrower, the “Designated Borrowers”; the Designated Borrowers, together with the Company, the “Borrowers”), entered into an …

• The Credit Agreement provides for aggregate credit facilities of up to $400 million, consisting of (i) a $325 million revolving credit facility, which may be decreased at the Company’s option to $250 million during the period from July 16 in a year through January 15 in the next year, and (ii) a $75…

• At closing, the Company borrowed $75 million under the term loan facility and $213 million was drawn under the revolving credit facility. Also, letters of credit in the aggregate amount of approximately $3.75million that had been issued under the Existing Credit Agreement were deemed to be issued an…

• The proceeds of the Credit Facilities were used to refinance indebtedness outstanding under the Existing Credit Agreement and proceeds of the revolving credit loans will be available for general corporate purposes, subject to our compliance with the terms of the Credit Agreement.

• The revolving facility and the term loan facility mature on July 31, 2031. The term loan facility amortizes in quarterly installments equal to 2.5% per annum of the original principal amount thereof, with the remaining outstanding principal balance due at maturity. Borrowings under the Credit Facili…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• On May 4, 2026, the Company and its subsidiaries CRA International (UK) Limited (the “UK Borrower”) and CRA International Limited (the “Canadian Borrower”, and, together with the UK Borrower, the “Designated Borrowers”; the Designated Borrowers, together with the Company, the “Borrowers”) entered in…

• Pursuant to the Incremental Amendment, the aggregate principal amount of the revolving credit facility commitments extended to the Borrowers under the Credit Agreement was increased from $250 million to $300 million (subject to the existing

• sublimits with respect to the maximum amount of the revolving credit loans to be made to the Designated Borrowers and certain other matters).

• The Company may use the proceeds of the revolving credit loans to provide working capital and for other general corporate purposes, subject to compliance with the terms of the Credit Agreement. The Company may repay any borrowings under the revolving credit facility at any time (without any premium …

• The foregoing description of the Incremental Amendment is qualified in its entirety by reference to the full text of the Incremental Amendment, a copy of which is filed as Exhibit 10.2 to this Quarterly Report on Form 10-Q.