HURN on Nasdaq

Huron Consulting Group

Logo: Huron Consulting Group, Public domain, via Wikimedia Commons5

American management consulting firm

Huron Consulting Group, commonly known as Huron, is an American management consulting company headquartered in Chicago, Illinois. The firm provides consulting and digital services to clients in the healthcare, life sciences, commercial, and higher education industries.3 Its shares trade on Nasdaq under the symbol HURN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2002Founded1

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  • TickerHURN on Nasdaq1
  • Industrybusiness and other management consultancy activities1
  • HeadquartersChicago1
  • Websitewww.huronconsultinggroup.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address550 West Van Buren Street, Chicago, Il 606076
  • Filer categoryLarge accelerated filer6
  • LEI549300NGVB9H6TKTLE364
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 35040934

Huron Consulting Group, commonly known as Huron, is an American management consulting company headquartered in Chicago, Illinois. The firm provides consulting and digital services to clients in the healthcare, life sciences, commercial, and higher education industries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.5%Operating margin9
6.2%Net margin9
11.7%Revenue growth, 20259
19.9%Return on equity9
0.93×Debt to equity9
$183.0MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Healthcare brought in 51% of the revenue Huron Consulting Group broke down this way in fiscal 2025.

  1. Healthcare$858.4M951%up 10% from 2024
  2. Education$509.5M930%up 5% from 2024
  3. Commercial$331.2M919%up 27% from 2024
Business segments by year
Business segments202320242025
Healthcare$696.3M$777.4M$858.4M
Education$438.9M$483.5M$509.5M
Commercial$263.6M$260.8M$331.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin19¢$318.0M
  • Other costs73¢$1.2B
  • Income tax2¢$30.0M
  • Profit6¢$105.0M

Out of $1.7B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$10.4M
  • Share buybacks86¢$166.7M
  • Kept or used elsewhere8¢$16.2M

Out of $193.4M of cash from operations.9

Financial statements

Revenue101112139$1.7B in 2025+76% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $965.5M$965.5M20192020: $871.0M$871.0M2020−10%2021: $927.0M$927.0M2021+6%2022: $1.2B$1.2B2022+25%2023: $1.4B$1.4B2023+21%2024: $1.5B$1.5B2024+9%2025: $1.7B$1.7B2025+12%
Operating income101112139$178.6M in 2025+180% since 2019
-$100.0M0$100.0M$200.0M2019: $63.7M$63.7M20192020: -$28.9M-$28.9M20202021: $52.8M$52.8M20212022: $99.8M$99.8M2022+89%2023: $125.3M$125.3M2023+26%2024: $168.8M$168.8M2024+35%2025: $178.6M$178.6M2025+6%
Net income101112139$105.0M in 2025+152% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $41.7M$41.7M20192020: -$23.8M-$23.8M20202021: $63.0M$63.0M20212022: $75.6M$75.6M2022+20%2023: $62.5M$62.5M2023−17%2024: $116.6M$116.6M2024+87%2025: $105.0M$105.0M2025−10%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenues before reimbursable expenses$1.7B$1.5B$1.4B
Reimbursable expenses$36.3M$35.7M$36.7M
Total revenues$1.7B$1.5B$1.4B
Direct costs (exclusive of depreciation and amortization included below)$1.1B$1.0B$942.7M
Reimbursable expenses$36.3M$35.7M$36.8M
Selling, general and administrative expenses$318.0M$286.7M$257.9M
Other losses (gains), net$3.1M-$14.2M-$444.0K
Restructuring charges$9.1M$9.9M$11.6M
Depreciation and amortization$31.6M$24.8M$24.9M
Total operating expenses$1.5B$1.4B$1.3B
Operating income$178.6M$168.8M$125.3M
Interest expense, net of interest income-$34.2M-$25.3M-$19.6M
Other income (expense), net-$9.3M$10.5M-$21.9M
Total other income (expense), net-$43.5M-$14.8M-$41.5M
Income before taxes$135.1M$154.0M$83.9M
Income tax expense$30.0M$37.4M$21.4M
Net income$105.0M$116.6M$62.5M
Net income per basic share$6.02$6.52$3.32
Net income per diluted share$5.84$6.27$3.19
Basic17.4M shares17.9M shares18.8M shares
Diluted18.0M shares18.6M shares19.6M shares
Foreign currency translation adjustments, net of tax$1.7M-$3.4M$512.0K
Unrealized gain (loss) on investment, net of tax-$15.0M-$4.2M$7.8M
Unrealized loss on cash flow hedging instruments, net of tax-$4.7M-$3.4M-$3.6M
Other comprehensive income (loss)-$18.1M-$10.9M$4.7M
Comprehensive income$87.0M$105.7M$67.2M

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Corporate structure

Huron Consulting Group sits at the top of its group. 30 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Huron Consulting Group

  • Huron Consulting Group Chicago, Illinois, United States
    • AXIA Consulting, Inc. Subsidiary · Ohio, United States
    • Axiom Systems Consulting Services, Inc. Subsidiary · Delaware, United States
    • Delv Global Solutions LLC Subsidiary · New York, United States
    • Huron Advisors Canada Limited Subsidiary · Canada
    • Huron Aviation One LLC Subsidiary · Delaware, United States
    • Huron Consulting Asia-Pacific PTE. LTD. Subsidiary · Singapore
    • Huron Consulting Group Holdings LLC Subsidiary · Delaware, United States
    • Huron Consulting Services France SAS Subsidiary · France
    • Huron Consulting Services LLC Subsidiary · Delaware, United States
    • Huron Consulting Services LLC - Ireland Branch Subsidiary · Ireland
    • Huron Consulting Services U.K. Limited Subsidiary · United Kingdom
    • HURON EURASIA INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
    • Huron Government Services LLC Subsidiary · Delaware, United States
    • Huron Managed Services LLC Subsidiary · Delaware, United States
    • Huron Public Finance Advisory LLC Subsidiary · Delaware, United States
    • Huron Saudi Limited Subsidiary · Saudi Arabia
    • Huron Transaction Advisory LLC Subsidiary · Delaware, United States
    • Innosight Consulting SARL Subsidiary · Switzerland
    • Innosight Holdings, LLC Subsidiary · Delaware, United States
    • Innosight International, LLC Subsidiary · Delaware, United States
    • Treliant International, LLC Subsidiary · Delaware, United States
    • Treliant Limited Subsidiary · United Kingdom
    • Treliant Mortgag Services, LLC Subsidiary · Delaware, United States
    • Treliant SP.z.o.o. Subsidiary · Poland
    • TVG- Treliant Intermediate, LLC Subsidiary · Delaware, United States
    • and 4 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Huron Consulting Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$70.9M9 Dec 31, 2025$74.9M9 Dec 31, 2024−5.4%
Accumulated depreciation$47.4M9 Dec 31, 2025$53.2M9 Dec 31, 2024−10.9%
Property and equipment, net$23.5M9 Dec 31, 2025$21.7M9 Dec 31, 2024+8.3%
Operating-lease assets (leased space)$20.0M9 Dec 31, 2025$19.2M9 Dec 31, 2024+4.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.5M9 Dec 31, 2025$21.9M9 Dec 31, 2024+11.9%
Long-term investments$36.4M9 Dec 31, 2025$69.7M9 Dec 31, 2024−47.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$786.9M9 Dec 31, 2025$678.7M9 Dec 31, 2024+15.9%
Intangible assets, net (excluding goodwill)$72.9M9 Dec 31, 2025$26.1M9 Dec 31, 2024+179.7%
Finite-lived intangibles, gross$113.0M9 Dec 31, 2025$55.7M9 Dec 31, 2024+103.0%
Accumulated amortization$40.1M9 Dec 31, 2025$29.6M9 Dec 31, 2024+35.5%

Properties, in its own words

We do not own any real estate or other physical properties. Our administrative and principal executive offices are located at 550 W. Van Buren Street, Chicago, Illinois 60607. We believe that our office facilities are suitable and adequate for our business as it is presently conducted. See Note 5 “Leases” within the notes to our consolidated financial statements of this Annual Report on Form 10-K for additional information on our office facilities.

Item 2 of the 10-K filed Feb 24, 2026.18

The story

Huron was founded in May 2002 in Chicago, Illinois, by a group of former employees of Arthur Andersen in the wake of that firm's high-profile collapse. The firm's headquarters remain in Chicago and it has global locations across North America, Europe and Asia Pacific.

In May 2004, Huron filed a registration statement with the Securities and Exchange Commission (SEC) relating to the initial public offering of its common stock. Huron Consulting Group Inc., the holding company, became a public company trading common stock on the NASDAQ Global Select Market exchange under the ticker "HURN" in October 2004.

In 2010, Huron acquired Click Commerce, a supplier of software-based applications and professional services to academic medical centers and research institutions. Terms of the acquisition were not disclosed.

In September 2013, Huron acquired Blue Stone International, LLC, a provider of Oracle Corporation professional services. Under the terms of the agreement, Huron acquired the assets of Blue Stone for $30 million in cash.

Huron acquired three other companies in 2014, Threshold Consulting, Inc., a consulting firm that provides customer relationship management consulting, cloud-based software as a service applications, business intelligence tools and data warehousing; Vonlay, LLC, a healthcare technology consulting firm; and The Frankel Group Associates LLC, a life sciences consulting firm.

In 2015, Huron acquired a number of other companies: the India affiliate of Rittman Mead Consulting Ltd., Rittman Mead India, a data and analytics consulting firm that specializes in the implementation of enterprise performance management and analytics systems; Cloud62, a firm specializing in complex Salesforce.com implementations and related cloud-based applications Studer Group, a professional services firm that consults with healthcare providers on clinical outcomes and financial results; and Sky Analytics, a Massachusetts-based provider of legal software for corporate law departments.

In February 2016, Huron acquired MyRounding, a firm specializing in digital health products. In May 2016, Huron acquired ADI Strategies, Inc., an enterprise performance management and business intelligence firm, while in July of that year Huron acquired Healthcare Services Management, Inc. (HSM), a healthcare information technology consultant.

In January 2017, Huron acquired Pope Woodhead & Associates, a UK-based life sciences firm.

Read the full text

Huron launched a college athletics business in 2020, providing consulting services to schools on finance, budgeting, conference realignment and fundraising.

In January 2022, Huron acquired AIMDATA, LLC, an enterprise information data consulting firm that specializes in Boomi.

From Wikipedia’s article on Huron Consulting Group, shared under CC BY-SA 4.0.7

Leadership

Who has led Huron Consulting Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AXIA Consulting, Inc. Ohio8
  • Axiom Systems Consulting Services, Inc. Delaware8
  • Delv Global Solutions LLC New York8
  • Huron Advisors Canada Limited Canada8
  • Huron Aviation One LLC Delaware8
  • Huron Consulting Asia-Pacific PTE. LTD. Singapore8
  • Huron Consulting Group Holdings LLC Delaware8
  • Huron Consulting Services France SAS France8
  • Huron Consulting Services LLC Delaware8
  • Huron Consulting Services LLC - Ireland Branch Ireland8
  • Huron Consulting Services U.K. Limited England8
  • Huron Eurasia India Private Limited India8
  • Huron Government Services LLC Delaware8
  • Huron Managed Services LLC Delaware8
  • Huron Public Finance Advisory LLC Delaware8
  • Huron Saudi Limited Saudi Arabia8
  • Huron Transaction Advisory LLC Delaware8
  • Innosight Consulting SARL Switzerland8
  • Innosight Consulting, LLC Delaware8
  • Innosight Holdings, LLC Delaware8
  • Innosight International, LLC Delaware8
  • TVG- Treliant Intermediate, LLC Delaware8
  • Treliant International, LLC Delaware8
  • Treliant Limited Northern Ireland8
All 31 listed subsidiaries
  • Treliant Mortgag Services, LLC Delaware8
  • Treliant SP.z.o.o. Poland8
  • Treliant, LLC Delaware8
  • Verity Truss Consulting LLC Virginia8
  • Vox Financial Partners Inc. New York8
  • Whiteboard Communications LTD. Pennsylvania8
  • Wilson Perumal & Company, LLC Delaware8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 28, 20268-K Results of operations56
  2. Jul 27, 20268-K Executive or director change57
  3. Jun 22, 20268-K Executive or director change58
  4. May 12, 20268-K Shareholder vote59
  5. May 5, 20268-K Results of operations60
  6. Feb 24, 20268-K Results of operations61
  7. Oct 28, 20258-K Results of operations62
  8. Jul 31, 20258-K Entered a material agreement; New debt or obligation63
  9. Jul 31, 20258-K Results of operations64
  10. May 13, 20258-K Executive or director change; Shareholder vote65
  11. Apr 29, 20258-K Results of operations66
  12. Mar 25, 20258-K Regulation FD disclosure67
  13. Mar 2, 2023New chief executive C. Mark Hussey becomes CEO19
  14. Jan 19, 2006New chief executive Gary E. Holdren becomes CEO20
  15. Oct 13, 2004Went public Listed on NASDAQ1
  16. 2002Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.10 a share, on Oct 28, 2025.68

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results56
  2. May 5, 2026Reported quarterly or annual results60
  3. Feb 24, 2026Reported quarterly or annual results61
  4. Oct 28, 2025Reported quarterly or annual results62
  5. Jul 31, 2025Reported quarterly or annual results64
  6. Apr 29, 2025Reported quarterly or annual results66
  7. Feb 25, 2025Reported quarterly or annual results69
  8. Oct 29, 2024Reported quarterly or annual results70

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

549 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 283 insider forms, 21 large holders, 179 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Oct 2, 2026144 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 14, 2026144 EDGAR
  5. Aug 13, 20264 EDGAR
  6. Aug 11, 2026144 EDGAR
  7. Aug 3, 20264 EDGAR
  8. Aug 3, 20263 EDGAR
  9. Aug 3, 20264 EDGAR
  10. Jul 31, 2026144 EDGAR
  11. Jul 31, 20264 EDGAR
  12. Jul 29, 2026144 EDGAR
  13. Jul 28, 202610-Q EDGAR
  14. Jul 28, 20268-K EDGAR
  15. Jul 27, 20268-K EDGAR
  16. Jul 6, 20264 EDGAR
  17. Jun 26, 20263 EDGAR
  18. Jun 23, 2026SCHEDULE 13G EDGAR
  19. Jun 22, 20268-K EDGAR
  20. May 27, 20264 EDGAR

The 549 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

165 open-market trades by officers, directors and large owners since October 2021: 2 buys and 163 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026Zumwalt DebraDirectorSale82$156.56$12.8KForm 4
Aug 11, 2026SAWYER HUGH E IIIDirectorSale2,000$154.25$308.5KForm 4
Jul 31, 2026Featherstone KyleChief Acct Officer, ControllerSale459$152.67$70.1KForm 4
Jul 29, 2026Hussey C. MarkCEO and PresidentSale24,072$165.59$4.0MForm 4
May 22, 2026Brown JoyDirectorSale1,821$105.01$191.2KForm 4
May 11, 2026Singh-Bushell EktaDirectorSale443$118.44$52.5KForm 4
May 11, 2026Zumwalt DebraDirectorSale598$118.44$70.8KForm 4
May 1, 2026MCCARTNEY JOHNDirectorSale500$132.04$66.0KForm 4
Apr 2, 2026Singh-Bushell EktaDirectorSale126$126.93$16.0KForm 4
Apr 2, 2026Zumwalt DebraDirectorSale170$126.93$21.6KForm 4
Apr 1, 2026MCCARTNEY JOHNDirectorSale500$127.68$63.8KForm 4
Mar 2, 2026MCCARTNEY JOHNDirectorSale500$139.15$69.6KForm 4
Feb 2, 2026SAWYER HUGH E IIIDirectorSale400$168.77$67.5KForm 4
Feb 2, 2026MCCARTNEY JOHNDirectorSale500$168.77$84.4KForm 4
Jan 5, 2026Zumwalt DebraDirectorSale170$170.89$29.1KForm 4
Jan 5, 2026Singh-Bushell EktaDirectorSale126$170.89$21.5KForm 4
Jan 5, 2026SAWYER HUGH E IIIDirectorSale136$170.89$23.2KForm 4
Jan 2, 2026SAWYER HUGH E IIIDirectorSale400$172.91$69.2KForm 4
Jan 2, 2026MCCARTNEY JOHNDirectorSale500$172.91$86.5KForm 4
Jan 2, 2026Roth James HDirectorSale2,000$170.26$340.5KForm 4

All 165 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025C. Mark HusseyChief Executive Officer and President65$1.0M$7.2M78
2025John D. KellyExecutive Vice President, Chief Financial Officer and Treasurer50$647.9K$3.1M78
2025J. Ronald DailExecutive Vice President and Chief Operating Officer56$675.0K$2.4M78
2025Hope KatzExecutive Vice President, General Counsel and Corporate Secretary48$422.3K$1.3M78
2024C. Mark HusseyChief Executive Officer and President65$949.0K$6.5M78
2024John D. KellyExecutive Vice President, Chief Financial Officer and Treasurer50$599.0K$3.0M78
2024J. Ronald DailExecutive Vice President and Chief Operating Officer56$674.0K$2.5M78
2023C. Mark HusseyChief Executive Officer and President65$919.8K$5.7M78
2023John D. KellyExecutive Vice President, Chief Financial Officer and Treasurer50$572.9K$3.0M78
2023J. Ronald DailExecutive Vice President and Chief Operating Officer56$650.0K$2.5M78

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,388,544$125.2M0.0%+74,753
Fiduciary Management Inc /wi/1,293,304$116.6M1.7%+389,904
Boston Partners802,604$73.2M0.1%+2,579
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC729,057$65.7M0.0%−23,159
Vanguard Portfolio Management LLC708,737$63.9M0.0%−42,990
Vanguard Capital Management LLC693,014$62.5M0.0%−44,694
Dimensional Fund Advisors LP678,724$61.2M0.0%+37,010
Franklin Resources Inc634,033$57.2M0.0%−9,114
Principal Financial Group Inc613,877$55.3M0.0%+144,823
BloombergSen Inc.499,059$45.0M5.0%+62,994
Fmr LLC490,340$44.2M0.0%−107,310
Jennison Associates LLC450,742$40.6M0.0%−217,145
Geode Capital Management, LLC431,595$38.9M0.0%+9,052
State Street Corp422,777$38.1M0.0%+24,468
Morgan Stanley422,174$38.1M0.0%−271,774
Nomura Asset Management International Inc.302,844$27.3M0.0%−125,717
Northern Trust Corp238,018$21.5M0.0%−2,979
Sunriver Management LLC235,663$21.2M3.3%+1,843
Invenomic Capital Management LP220,073$19.8M1.2%New
Aristotle Capital Boston, LLC217,531$19.6M1.3%−32,381
Goldman Sachs Group Inc206,525$18.6M0.0%+87,653
Charles Schwab Investment Management Inc181,790$16.4M0.0%−5,771
Bank Of America Corp /de/178,456$16.1M0.0%−88,716
William Blair Investment Management, LLC170,358$15.4M0.0%−45,955
Leeward Investments, LLC - MA162,472$14.6M0.7%−3,478

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Huron Consulting Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHuron Consulting Group Inc.2
  • CIK0001289848
  • Employer ID (EIN)01-066611418
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)8742 Services-Management Consulting Services2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address550 West Van Buren Street, Chicago, IL 606072
  • Phone(312) 583-87002
  • Shares outstanding16,211,829 as of Apr 28, 202616
  • Public float$2.3B as of Jun 30, 202518
  • AuditorPricewaterhouseCoopers LLP, Chicago, Illinois PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceMay 13, 20042
  • Filings1,722 in all: 4 (965), 8-K (216), 144 (147), SC 13G/A (85), 10-Q (66), 3 (36), SC 13G (31), DEFA14A (27)2
    All 35 form types

    10-K (22), DEF 14A (22), 4/A (18), S-8 (14), UPLOAD (13), 8-K/A (12), S-1/A (8), CORRESP (7), ARS (4), SCHEDULE 13G/A (4), 3/A (3), S-1 (3), 424B4 (2), PRE 14A (2), REGDEX (2), SCHEDULE 13G (2), 10-K/A (1), 10-Q/A (1), 144/A (1), 5 (1), 8-A12G (1), NO ACT (1), NT 10-Q (1), RW (1), S-1MEF (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Jul 28, 2026
    Proxy statement (DEF 14A) Mar 20, 2026
    Latest 8-K (8-K) Jul 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareHURNNasdaq Global Select Market

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Huron Consulting Group names in Item 1A of its 10-K filed Feb 24, 2026: 34 risks under these headings, as written.18

  • Risks Related to Human Capital Resources
  • An inability to retain our senior management team and managing directors and principals would be detrimental to the success of our business.
  • If we are unable to hire and retain talented people in an industry where there is great competition for talent, it could have a serious negative effect on our prospects and results of operations.
  • If we are unable to manage the organizational challenges associated with our continued growth, we might be unable to achieve our business objectives.
  • Risks Related to Business Operations, Growth and Development
  • We may incur costs to support our business and the inability to effectively build a support structure for the business could have an adverse impact on our growth and profitability.
  • Our international operations could result in additional risks.
  • The Company has significant operations in India, which presents additional risks.
  • Additional hiring, departures, and business acquisitions and dispositions, as well as other organizational changes, could disrupt our operations, increase our costs or otherwise harm our business.
  • The healthcare and education industries are areas of significant focus for our business, and factors that affect the financial condition of these industries could consequently affect our business.
  • Our digital offerings are a significant focal point for our business, including a focus on the adaptation and expansion of our services and products in response to ongoing changes in customer demand, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations.
  • Many of our client contracts are short-term in duration and may be terminated by our clients with little or no notice and without penalty, which may cause our operating results to be unpredictable and may result in unexpected declines in our utilization and revenues.
The other 24 risks
  • Conflicts of interest could preclude us from accepting engagements thereby causing decreased utilization and revenues.
  • Our ability to maintain and attract new business depends upon our reputation, the professional reputation of our revenue-generating employees, and the quality of our services.
  • The consulting services industry is highly competitive and we may not be able to compete effectively.
  • Risks Related to Information Technology
  • Our business is becoming increasingly dependent on information technology and will require additional investments in order to grow and meet the demands of our clients.
  • Adverse changes to our relationships with key third-party vendors or the business of our key third-party vendors could unfavorably impact our business.
  • We could experience system failures, service interruptions, or security breaches that could negatively impact our business.
  • Issues related to the use of AI may result in reputational harm or liability that could adversely impact our business.
  • Risks Related to Legal Matters
  • Our reputation could be damaged and we could incur additional liabilities if we fail to protect client and employee data through our own accord or if our information systems are breached.
  • Our engagements could result in professional liability, which could be very costly and hurt our reputation.
  • Our business could be materially adversely affected if we incur liability in connection with service offering innovation, including new or expanded service offerings.
  • Our intellectual property rights in our “Huron Consulting Group” name are important, and any inability to use that name could negatively impact our ability to build brand identity.
  • Risks Related to Financial Management and Performance
  • Our financial results could suffer if we are unable to achieve or maintain adequate utilization and suitable billing rates for our consultants.
  • Our quarterly and annual results of operations have fluctuated in the past and may continue to fluctuate in the future as a result of certain factors, some of which may be outside of our control.
  • Revenues from our performance-based engagements are difficult to predict, and the timing and extent of recovery of our costs is uncertain.
  • The profitability of our fixed-fee engagements with clients may not meet our expectations if we underestimate the cost of these engagements.
  • Our business performance might not be sufficient for us to meet the full-year financial guidance that we provide publicly.
  • Risks Related to Capital Resources
  • Our obligations under our senior secured credit facility are secured by a pledge of certain of the equity interests in our subsidiaries and a lien on substantially all of our assets and those of our subsidiary grantors. If we default on these obligations, our lenders may foreclose on our assets, including our pledged equity interest in our subsidiaries.
  • Our indebtedness could adversely affect our ability to raise additional capital to fund our operations and obligations, expose us to interest rate risk to the extent of our variable-rate debt, and adversely affect our financial results.
  • Risks Related to Asset Impairment
  • Our goodwill and other intangible assets represent a substantial amount of our total assets, and we may be required to recognize a non-cash impairment charge for these assets if the performance of one or more of our reporting units falls below our expectations.
  • We have incurred impairment charges with respect to our convertible debt investment in Shorelight and our preferred stock investment in a hospital-at-home company, and we may incur additional impairment charges that could materially impact our results of operations.
  • General Risk Factors
  • Expanding our service offerings may involve additional risks and may not be profitable.
  • Changes in capital markets, legal or regulatory requirements, and general economic or other factors beyond our control could reduce demand for our services, in which case our revenues and profitability could decline.
  • If we are unable to collect our receivables or unbilled services, our results of operations, financial condition, and cash flows could be adversely affected.
  • Changes in U.S. and foreign tax laws could have a material adverse effect on our business, cash flow, results of operations and financial condition.

Legal proceedings

The information required by this Item is incorporated by reference from Note 18 “Commitments, Contingencies and Guarantees” included within the notes to our consolidated financial statements of this Annual Report on Form 10-K.

From time to time, we are involved in legal proceedings and litigation arising in the ordinary course of business. As of the date of this Annual Report on Form 10-K, we are not a party to any litigation or legal proceeding that, in the current opinion of management, could reasonably be expected to have a material adverse effect on our financial position or results of operations. However, due to the risks and uncertainties inherent in legal proceedings, actual results could differ from current expected results.

The opening of Item 3, Legal Proceedings.18

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