NASDAQ: HURN
Huron Consulting Group Inc.CIK 0001289848 · SIC 8742 · Management Consulting Services
Mid
Revenue $1.7B
Assets $1.6B
as of Sep 1, 2026
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10-Q
Filed Jul 28, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Jul 28, 2026
· Period ending Jul 28, 2026
Summary not yet generated.
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8-K
Filed Jul 27, 2026
· Period ending Jul 23, 2026
Summary not yet generated.
8-K
Filed Jun 22, 2026
· Period ending Jun 19, 2026
Summary not yet generated.
8-K
Filed May 12, 2026
· Period ending May 8, 2026
Summary not yet generated.
10-Q
Filed May 5, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 24, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Feb 25, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Revenues before reimbursable expenses | 465,636 | 402,505 | 909,348 | 798,195 |
| Reimbursable expenses | 9,406 | 9,250 | 17,461 | 17,701 |
| Total revenues | 475,042 | 411,755 | 926,809 | 815,896 |
| Operating expenses: | ||||
| Direct costs (exclusive of depreciation and amortization included below) | 311,187 | 269,028 | 619,381 | 547,071 |
| Reimbursable expenses | 9,406 | 9,250 | 17,461 | 17,695 |
| Selling, general and administrative expenses | 89,793 | 80,217 | 174,504 | 156,851 |
| Other losses (gains) | 3,850 | (71) | 7,690 | (71) |
| Restructuring charges | 410 | 560 | 1,073 | 1,898 |
| Depreciation and amortization | 10,148 | 7,117 | 19,869 | 14,066 |
| Total operating expenses | 424,794 | 366,101 | 839,978 | 737,510 |
| Operating income | 50,248 | 45,654 | 86,831 | 78,386 |
| Other income (expense), net: | ||||
| Interest expense, net of interest income | (11,939) | (9,281) | (20,830) | (14,928) |
| Other income (expense), net | 4,599 | (8,665) | 3,973 | (14,298) |
| Total other expense, net | (7,340) | (17,946) | (16,857) | (29,226) |
| Income before taxes | 42,908 | 27,708 | 69,974 | 49,160 |
| Income tax expense | 11,674 | 8,278 | 15,493 | 5,194 |
| Net income | 31,234 | 19,430 | 54,481 | 43,966 |
| Earnings per share: | ||||
| Net income per basic share | 1.93 | 1.12 | 3.28 | 2.50 |
| Net income per diluted share | 1.91 | 1.09 | 3.22 | 2.42 |
| Weighted average shares used in calculating earnings per share: | ||||
| Basic | 16,208 | 17,320 | 16,594 | 17,569 |
| Diluted | 16,387 | 17,772 | 16,902 | 18,137 |
| Comprehensive income (loss): | ||||
| Net income | 31,234 | 19,430 | 54,481 | 43,966 |
| Foreign currency translation adjustments, net of tax | (1,807) | 2,749 | (3,738) | 3,284 |
| Unrealized loss on investment, net of tax | (1,330) | (5,249) | (1,330) | (15,766) |
| Unrealized gain (loss) on cash flow hedging instruments, net of tax | 1,897 | (2,114) | 2,927 | (4,347) |
| Other comprehensive loss | (1,240) | (4,614) | (2,141) | (16,829) |
| Comprehensive income | 29,994 | 14,816 | 52,340 | 27,137 |
Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share amounts)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 31,228 | 24,508 |
| Receivables from clients, net of allowances of $10,457 and $10,519, respectively | 203,815 | 186,506 |
| Unbilled services, net of allowances of $3,090 and $3,384, respectively | 238,057 | 195,464 |
| Income tax receivable | 15,560 | 8,430 |
| Prepaid expenses and other current assets | 41,118 | 33,676 |
| Total current assets | 529,778 | 448,584 |
| Property and equipment, net | 27,691 | 23,472 |
| Deferred income taxes, net | 3,564 | 3,563 |
| Long-term investments, net of allowances of $9,315 and $10,382, respectively | 33,931 | 36,433 |
| Operating lease right-of-use assets | 20,878 | 20,027 |
| Other non-current assets | 142,797 | 134,781 |
| Intangible assets, net | 81,182 | 72,927 |
| Goodwill | 804,939 | 786,896 |
| Total assets | 1,644,760 | 1,526,683 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | 16,802 | 12,354 |
| Accrued expenses and other current liabilities | 59,416 | 38,117 |
| Accrued payroll and related benefits | 173,027 | 266,950 |
| Current maturities of long-term debt | 20,000 | 20,000 |
| Current maturities of operating lease liabilities | 9,797 | 14,304 |
| Deferred revenues | 30,885 | 31,708 |
| Total current liabilities | 309,927 | 383,433 |
| Non-current liabilities: | ||
| Deferred compensation and other liabilities | 73,238 | 63,316 |
| Long-term debt, net of current portion | 812,812 | 489,665 |
| Operating lease liabilities, net of current portion | 21,928 | 24,371 |
| Deferred income taxes, net | 42,095 | 37,269 |
| Total non-current liabilities | 950,073 | 614,621 |
| Commitments and contingencies | ||
| Stockholders’ equity | ||
| Common stock; $0.01 par value; 500,000,000 shares authorized; 19,373,897 and 20,465,234 shares issued, respectively | 194 | 205 |
| Treasury stock, at cost, 3,407,005 and 3,269,301 shares, respectively | (210,434) | (189,989) |
| Additional paid-in capital | 3,928 | 87,885 |
| Retained earnings | 599,378 | 636,693 |
| Accumulated other comprehensive loss | (8,306) | (6,165) |
| Total stockholders’ equity | 384,760 | 528,629 |
| Total liabilities and stockholders’ equity | 1,644,760 | 1,526,683 |
Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 54,481 | 43,966 |
| Adjustments to reconcile net income to cash flows from operating activities: | ||
| Depreciation and amortization | 19,869 | 14,066 |
| Non-cash lease expense | 3,281 | 2,855 |
| Lease-related impairment charges | — | 738 |
| Gain on lease modification | (4,063) | — |
| Share-based compensation | 28,663 | 25,757 |
| Amortization of debt discount and issuance costs | 577 | 571 |
| Allowances for doubtful accounts | 100 | 396 |
| Deferred income taxes | 1,592 | 399 |
| Gain on sale of property and equipment | (486) | — |
| Gain on sale of business | (303) | — |
| Change in fair value of contingent consideration liabilities | 7,690 | (71) |
| Change in fair value of equity investment | 2,239 | 5,014 |
| Change in credit allowance on convertible debt investment | (1,067) | 11,125 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| (Increase) decrease in receivables from clients, net | (11,139) | 5,494 |
| (Increase) decrease in unbilled services, net | (38,853) | (26,945) |
| (Increase) decrease in current income tax receivable / payable, net | (6,849) | (17,161) |
| (Increase) decrease in other assets | (9,934) | (6,051) |
| Increase (decrease) in accounts payable and other liabilities | 2,138 | 4,063 |
| Increase (decrease) in accrued payroll and related benefits | (88,680) | (91,280) |
| Increase (decrease) in deferred revenues | (958) | 284 |
| Net cash used in operating activities | (41,702) | (26,780) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (10,925) | (3,892) |
| Investments in life insurance policies | — | (2,312) |
| Purchases of businesses, net of cash acquired | (27,790) | (53,111) |
| Capitalization of internally developed software costs | (10,065) | (10,919) |
| Origination of note receivable | (2,000) | — |
| Proceeds from note receivable | 2,250 | 154 |
| Proceeds from sale of property and equipment | 500 | — |
| Proceeds from divestiture of business | 300 | — |
| Net cash used in investing activities | (47,730) | (70,080) |
| Cash flows from financing activities: | ||
| Proceeds from exercises of stock options | 761 | 2,591 |
| Shares redeemed for employee tax withholdings | (20,812) | (32,507) |
| Share repurchases | (206,652) | (134,369) |
| Proceeds from bank borrowings | 579,000 | 552,000 |
| Repayments of bank borrowings | (256,000) | (251,875) |
| Deferred payments for business acquisitions | — | (36) |
| Net cash provided by financing activities | 96,297 | 135,804 |
| Effect of exchange rate changes on cash | (145) | 156 |
| Net increase in cash and cash equivalents | 6,720 | 39,100 |
| Cash and cash equivalents at beginning of the period | 24,508 | 21,911 |
| Cash and cash equivalents at end of the period | 31,228 | 61,011 |
| Supplemental disclosure of cash flow information: | ||
| Non-cash investing and financing activities: | ||
| Property and equipment expenditures and capitalized software included in current liabilities | 3,204 | 3,054 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 4,868 | 1,435 |
| Common stock issued related to purchases of businesses | — | 20,897 |
| Deferred payment accrued related to purchase of business | 8,728 | — |
| Contingent consideration accrued related to purchases of businesses | 3,423 | 15,400 |
| Share repurchases included in current liabilities | 927 | — |
| Excise tax on net share repurchases included in non-current liabilities | 1,639 | 664 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands, except share and per share amounts); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗