RGP on Nasdaq

RESOURCES CONNECTION, INC.

RESOURCES CONNECTION, INC. is an American business services company, incorporated in Delaware.1 It is headquartered in Dallas, Texas.1 Its shares trade on Nasdaq under the symbol RGP.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$452.0MRevenue, fiscal 20262
-$40.6MNet income, fiscal 20262

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  • TickerRGP on Nasdaq1
  • IndustryServices-Business Services, NEC1
  • HeadquartersDallas, Texas1
  • Incorporated inDE3
  • Business address15950 North Dallas Parkway, Suite 330, Dallas, Tx 752483
  • Filer categoryAccelerated filer3

Resources Connection, Inc. (“RGP,” the “Company,” “we" or “us”) is a global professional services firm based in Dallas, Texas (with offices worldwide) with three decades of experience helping the world’s top organizations navigate change and seize opportunity. With three integrated offerings—On-Demand Talent, Consulting, and Outsourced Services—the Company provides CFOs and other C-suite leaders with the flexibility to solve today’s most pressing challenges. The Company’s principal markets of operations are North America, Europe & Asia Pacific.5 From its latest annual report

Financials

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

Key numbers, fiscal 2026

37.5%Gross margin2
-8.5%Operating margin2
-9.0%Net margin2
-18.0%Revenue growth, 20262
-23.9%Return on equity2
$619.0KFree cash flow2

What sells

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

Business segments

On-Demand Talent brought in 37% of the revenue RESOURCES CONNECTION, INC. broke down this way in fiscal 2026.

  1. On-Demand Talent$168.8M237%down 18% from 2025
  2. Consulting$159.8M235%down 27% from 2025
  3. Europe And Asia Pacific$75.1M217%down 3% from 2025
  4. Outsourced Services$39.2M29%down 1% from 2025
  5. Other Operating$9.1M22%up 2% from 2025
Business segments by year
Business segments202420252026
On-Demand Talent$272.6M$206.0M$168.8M
Consulting$228.0M$219.2M$159.8M
Europe And Asia Pacific$84.2M$77.6M$75.1M
Outsourced Services$38.1M$39.6M$39.2M
Other Operating$9.9M$8.9M$9.1M

Regions

United States brought in 80% of the revenue RESOURCES CONNECTION, INC. broke down this way in fiscal 2026.

  1. United States$361.2M280%down 20% from 2025
  2. Outside the United States$90.8M220%down 9% from 2025
Regions by year
Regions202420252026
United States$519.9M$451.2M$361.2M
Outside the United States$112.9M$100.1M$90.8M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue58¢$282.3M
  • Selling, general and admin42¢$202.8M
  • Income tax1¢$2.5M

Out of $452.0M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending8¢$808.0K
  • Dividends paid92¢$9.4M

Out of $1.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue6789102$452.0M in 2026−38% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $729.0M$729.0M20192020: $703.4M$703.4M2020−4%2021: $629.5M$629.5M2021−10%2022: $805.0M$805.0M2022+28%2023: $775.6M$775.6M2023−4%2024: $632.8M$632.8M2024−18%2025: $551.3M$551.3M2025−13%2026: $452.0M$452.0M2026−18%
Gross profit6789102$169.7M in 2026−40% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $282.4M$282.4M20192020: $275.5M$275.5M2020−2%2021: $241.4M$241.4M2021−12%2022: $316.6M$316.6M2022+31%2023: $313.1M$313.1M2023−1%2024: $246.1M$246.1M2024−21%2025: $207.4M$207.4M2025−16%2026: $169.7M$169.7M2026−18%
Operating income6789102-$38.3M in 2026
-$200.0M-$100.0M0$100.0M2019: $50.2M$50.2M20192020: $36.7M$36.7M2020−27%2021: $23.0M$23.0M2021−37%2022: $83.4M$83.4M2022+264%2023: $72.8M$72.8M2023−13%2024: $28.8M$28.8M2024−60%2025: -$196.8M-$196.8M20252026: -$38.3M-$38.3M2026−81%
Net income6789102-$40.6M in 2026
-$200.0M-$100.0M0$100.0M2019: $31.5M$31.5M20192020: $28.3M$28.3M2020−10%2021: $25.2M$25.2M2021−11%2022: $67.2M$67.2M2022+166%2023: $54.4M$54.4M2023−19%2024: $21.0M$21.0M2024−61%2025: -$191.8M-$191.8M20252026: -$40.6M-$40.6M2026−79%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-05-312025-05-312024-05-31
Revenue$452.0M$551.3M$632.8M
Cost of services$282.3M$343.9M$386.7M
Gross profit$169.7M$207.4M$246.1M
Selling, general and administrative expenses$202.8M$202.0M$208.9M
Goodwill impairment$0$194.4M$0
Amortization expense$3.8M$5.9M$5.4M
Depreciation expense$1.3M$1.9M$3.0M
Income (loss) from operations-$38.3M-$196.8M$28.8M
Interest income, net-$615.0K-$544.0K-$1.1M
Other (income) expense$493.0K-$138.0K$11.0K
Income (loss) before income tax expense (benefit)-$38.1M-$196.1M$29.8M
Income tax expense (benefit)$2.5M-$4.3M$8.8M
Net income (loss)-$40.6M-$191.8M$21.0M
Basic (in dollars per share)-$1.21-$5.80$0.63
Diluted (in dollars per share)-$1.21-$5.80$0.62
Basic (in shares)33.6M shares33.1M shares33.4M shares
Diluted (in shares)33.6M shares33.1M shares33.9M shares
Cash dividends declared per common share (in dollars per share)$0.28$0.49$0.56

Compare RESOURCES CONNECTION, INC. with another company

Corporate structure

RESOURCES CONNECTION, INC. sits at the top of its group. 21 entities, 17 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RESOURCES CONNECTION, INC.

  • RESOURCES CONNECTION, INC. Dallas, Texas
    • CloudGo Pte. Ltd. Subsidiary · Singapore
    • Reference Point LLC Subsidiary · Virginia, United States
    • Resources Connection (UK) Ltd. Subsidiary · United Kingdom
    • Resources Connection Australia Pty Ltd. Subsidiary · Australia
    • Resources Connection Mexico S de RL de CV Subsidiary · Mexico
    • Resources Global Professionals (Europe) B.V. Subsidiary · Netherlands
    • Resources Global Professionals (Germany) GmbH Subsidiary · Germany
    • Resources Global Professionals (HK) Limited Subsidiary · Hong Kong
    • Resources Global Professionals (India) Private Ltd. Subsidiary · India
    • Resources Global Professionals (Ireland) Ltd. Subsidiary · Ireland
    • Resources Global Professionals (Korea) Ltd. Subsidiary · South Korea
    • Resources Global Professionals (Singapore) Pte. Ltd. Subsidiary · Singapore
    • Resources Global Professionals (Switzerland) GmbH Subsidiary · Switzerland
    • Resources Global Professionals International Company Subsidiary · Saudi Arabia
    • Resources Global Professionals Japan K.K. Subsidiary · Japan
    • Resources Global Professionals Taiwan Co., Ltd. Subsidiary · Taiwan
    • Resources Global Professionals, Inc. Subsidiary · Canada
    • Resources Management & Finance B.V. Subsidiary · Netherlands
    • RGP Consulting Sdn. Bhd. Subsidiary · Malaysia
    • Veracity Consulting Group, LLC Subsidiary · Virginia, United States

Built from 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 RESOURCES CONNECTION, INC. 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$18.6M2 May 30, 2026$21.5M2 May 31, 2025−13.2%
Accumulated depreciation$15.2M2 May 30, 2026$17.0M2 May 31, 2025−10.8%
Property and equipment, net$3.4M2 May 30, 2026$4.4M2 May 31, 2025−22.2%
Operating-lease assets (leased space)$17.3M2 May 30, 2026$22.6M2 May 31, 2025−23.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$82.4M2 May 30, 2026$86.1M2 May 31, 2025−4.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$28.8M2 May 30, 2026$28.8M2 May 31, 20250%
Intangible assets, net (excluding goodwill)$15.2M2 May 30, 2026$19.0M2 May 31, 2025−20.2%
Finite-lived intangibles, gross$40.8M2 May 30, 2026$40.8M2 May 31, 20250%
Accumulated amortization$25.7M2 May 30, 2026$21.8M2 May 31, 2025+17.5%
Finite-lived intangibles, net$15.2M2 May 30, 2026$19.0M2 May 31, 2025−20.2%

Properties, in its own words

Our principal executive office is located in Dallas, Texas. As of May 30, 2026, we had other major offices in many of the world’s leading business centers, including Atlanta, Beijing, Dallas-Fort Worth, Chicago, Taipei City, Guangzhou, Hong Kong, Manila, Houston, London, Los Angeles, New York, Mexico City, Mumbai, Bangalore, San Francisco, Singapore, Seoul, Shanghai, Tokyo and Utrecht, among others. In total, we have facilities and operations in over 35 cities in 16 countries around the world. The majority of our facilities are leased under long-term leases with varying expiration dates.

Prior to the sale of Sitrick, which was within the All Other Segment, Sitrick utilized one of the offices in Los Angeles, California, and another office in New York, New York. We entered into subleases with Sitrick for the Los Angeles and New York offices in connection with the Purchase Agreement. The subleases of the Los Angeles office and the New York office will terminate on September 30, 2029 and July 31, 2031, respectively, unless terminated sooner as provided in the sublease agreements. All remaining offices are utilized across all other reporting segments. We believe our existing office locations are suitable and adequate to meet our current business needs. We do not anticipate any significant difficulty replacing or locating additional offices to accommodate future needs.

Item 2 of the 10-K filed Jul 24, 2026.5

Leadership

Who has led RESOURCES CONNECTION, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CloudGo Pte. Ltd. Singapore4
  • CloudGo Pty Ltd. Australia4
  • RGP Consulting Sdn. Bhd. Malaysia4
  • Reference Point LLC Virginia4
  • Resources Connection (UK) Ltd. United Kingdom (England and Wales)4
  • Resources Connection Australia Pty Ltd. Australia4
  • Resources Connection LLC Delaware4
  • Resources Connection Mexico S de RL de CV Mexico4
  • Resources Global Professionals (Europe) B.V. Netherlands4
  • Resources Global Professionals (Germany) GmbH Germany4
  • Resources Global Professionals (HK) Limited Hong Kong, People’s Republic of China4
  • Resources Global Professionals (India) Private Ltd. India4
  • Resources Global Professionals (Ireland) Ltd. Ireland4
  • Resources Global Professionals (Korea) Ltd. South Korea4
  • Resources Global Professionals (Singapore) Pte. Ltd. Singapore4
  • Resources Global Professionals (Switzerland) GmbH Switzerland4
  • Resources Global Professionals International Company Saudi Arabia4
  • Resources Global Professionals Japan K.K. Japan4
  • Resources Global Professionals Taiwan Co., Ltd. Taiwan4
  • Resources Global Professionals, Inc. Canada4
  • Resources Management & Finance B.V. Netherlands4
  • Veracity Consulting Group, LLC Virginia4

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

Former names

  • RESOURCES CONNECTION INCSep 1, 2000 to Apr 20, 20213

Timeline

  1. Oct 7, 20268-K Results of operations54
  2. Sep 21, 20268-K Executive or director change55
  3. Sep 3, 20268-K Executive or director change; Regulation FD disclosure56
  4. Aug 11, 20268-K Other events57
  5. Jul 22, 20268-K Results of operations58
  6. Jul 16, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation59
  7. May 5, 20268-K Change in control; Regulation FD disclosure; Other events60
  8. Apr 28, 20268-K Other events61
  9. Apr 8, 20268-K Results of operations; Other events62
  10. Mar 4, 20268-K Executive or director change63
  11. Feb 9, 20268-K Executive or director change64
  12. Jan 28, 20268-K Exit or restructuring costs; Other events65
  13. Nov 4, 2025New chief executive Roger D. Carlile becomes CEO14
  14. Nov 14, 2017New chief executive Kate W. Duchene becomes CEO15
  15. May 29, 2013New chief executive Anthony Cherbak becomes CEO16
  16. Jun 4, 2008New chief executive Thomas Christopoul becomes CEO17
  17. Feb 21, 2006New chief executive Donald B. Murray becomes CEO18

Calendar

Coming up

  1. Around Dec 23, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 7, 2026Reported quarterly or annual results54
  2. Jul 22, 2026Reported quarterly or annual results58
  3. Apr 8, 2026Reported quarterly or annual results62
  4. Jan 7, 2026Reported quarterly or annual results66
  5. Oct 8, 2025Reported quarterly or annual results67
  6. Jul 24, 2025Reported quarterly or annual results68
  7. Apr 2, 2025Reported quarterly or annual results69
  8. Jan 2, 2025Reported 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

377 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 64 major events, 232 insider forms, 31 large holders, 29 other. The latest 20:

  1. Oct 7, 202610-Q EDGAR
  2. Oct 7, 20268-K EDGAR
  3. Oct 5, 20263 PRIMARY DOCUMENT EDGAR
  4. Oct 5, 20263 PRIMARY DOCUMENT EDGAR
  5. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  9. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  10. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  11. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 21, 20268-K EDGAR
  13. Sep 10, 2026DEFA14A EDGAR
  14. Sep 10, 2026ARS EDGAR
  15. Sep 10, 2026DEF 14A EDGAR
  16. Sep 3, 20268-K EDGAR
  17. Aug 14, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 12, 2026SCHEDULE 13G EDGAR
  19. Aug 11, 20268-K EDGAR
  20. Jul 24, 202610-K EDGAR

The 377 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

30 open-market trades by officers, directors and large owners since October 2021: 10 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 12, 2025CG Core Value GP LLCDirectorBuy10,000$4.53$45.3KForm 4
Nov 12, 2025FOX JEFFREY HDirectorBuy10,000$4.53$45.3KForm 4
Nov 11, 2025CG Core Value GP LLCDirectorBuy90,000$4.52$406.8KForm 4
Nov 11, 2025FOX JEFFREY HDirectorBuy90,000$4.52$406.8KForm 4
Oct 15, 2025DUCHENE KATE WPresident & CEOBuy23,015$4.36$100.3KForm 4
Oct 10, 2025Cherbak AnthonyDirectorSale10,000$4.50$45.0KForm 4
Apr 21, 2025White David PDirectorSale5,204$5.26$27.4KForm 4
Apr 7, 2025Patel BhadreskumarCOOBuy9,900$5.05$50.0KForm 4
Apr 4, 2025Carlile Roger DPresident and CEOBuy25,000$5.06$126.5KForm 4
Apr 4, 2025DUCHENE KATE WPresident & CEOBuy20,000$5.14$102.8KForm 4
Jul 24, 2024Ryu Jennifer YCFOSale11,650$11.25$131.1KForm 4
Jul 22, 2024Carlile Roger DPresident and CEOBuy25,000$11.25$281.2KForm 4
Oct 31, 2023White David PDirectorSale2,753$13.34$36.7KForm 4
Aug 4, 2023Brackney Timothy LPresident and COOSale10,055$16.20$162.9KForm 4
Apr 25, 2023MURRAY DONALD BDirectorSale70,000$14.52$1.0MForm 4
Apr 24, 2023MURRAY DONALD BDirectorSale20,000$14.90$298.0KForm 4
Jan 31, 2023Cherbak AnthonyDirectorSale15,000$16.94$254.1KForm 4
Jan 6, 2023Cherbak AnthonyDirectorSale30,000$16.36$490.8KForm 4
Oct 10, 2022von Maltzan MarcoDirectorBuy2,000$15.91$31.8KForm 4
Oct 7, 2022Cherbak AnthonyDirectorSale22,500$16.03$360.7KForm 4

All 30 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
2026Roger D. CarlilePresident and CEO63$476.0K$3.7M79
2026Kate W. DucheneFormer President and CEO63$491.8K$3.1M79
2026Bhadresh PatelFormer Chief Operating Officer52$528.8K$2.6M79
2026Scott G. RottmannPresident, Consulting Services52$505.2K$2.1M79
2026Michael W. LanePresident, On-Demand Talent56$500.0K$1.5M79
2026Jennifer Y. RyuExecutive Vice President and Chief Financial Officer51$500.0K$955.5K79
2026Venkat Ramaswamy IyerPresident, Europe and Asia Pacific51$444.4K$906.8K79
2025Kate W. DucheneFormer President and CEO63$825.0K$2.7M79
2025Jennifer Y. RyuExecutive Vice President and Chief Financial Officer51$500.0K$1.6M79
2025Bhadresh PatelFormer Chief Operating Officer52$550.0K$1.4M79
2024Kate W. DucheneFormer President and CEO63$825.0K$2.9M79
2024Jennifer Y. RyuExecutive Vice President and Chief Financial Officer51$462.0K$1.3M79
2024Bhadresh PatelFormer Chief Operating Officer52$395.2K$1.2M79

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
Brandes Investment Partners, LP2,036,156$8.7M0.1%+224,677
Circumference Group LLC1,389,243$5.9M12.8%No change
Vanguard Capital Management LLC1,321,346$5.6M0.0%−45,695
BlackRock, Inc.1,135,241$4.8M0.0%−1,611,962
Aqr Capital Management LLC844,437$3.6M0.0%+63,425
Charles Schwab Investment Management Inc813,385$3.5M0.0%−400,528
First Manhattan Co. Llc.800,000$3.4M0.0%−950
Sei Investments Co713,908$3.0M0.0%−615,660
Hotchkis & Wiley Capital Management LLC695,553$3.0M0.0%−122,135
Dimensional Fund Advisors LP640,194$2.7M0.0%−353,975
American Century Companies Inc578,081$2.5M0.0%+250,669
Kennedy Capital Management LLC548,318$2.3M0.0%−10,712
Peapod Lane Capital LLC536,955$2.3M1.5%+8,544
Invenomic Capital Management LP476,710$2.0M0.1%−131,105
Pacific Ridge Capital Partners, LLC454,533$1.9M0.4%+402,203
Goldman Sachs Group Inc448,174$1.9M0.0%−44,693
Geode Capital Management, LLC405,977$1.7M0.0%−447,467
Citadel Advisors LLC350,553$1.5M0.0%+251,808
Renaissance Technologies LLC310,100$1.3M0.0%−1,100
North Star Investment Management Corp.236,000$1.0M0.1%No change
Jacobs Levy Equity Management, Inc225,252$957.3K0.0%−339,017
Marshall Wace, Llp209,243$889.3K0.0%New
Morgan Stanley207,808$883.2K0.0%−22,151
State Street Corp207,486$881.8K0.0%−469,977
Vanguard Fiduciary Trust Co200,968$854.1K0.0%+813

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

SEC filer profile

How RESOURCES CONNECTION, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRESOURCES CONNECTION, INC.1
  • CIK0001084765
  • Employer ID (EIN)33-08324245
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsMay 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address15950 North Dallas Parkway, Suite 330, Dallas, TX 752481
  • Phone21477706001
  • Shares outstanding34,701,302 as of Sep 30, 202612
  • Public float$150.5M as of Nov 28, 20255
  • AuditorErnst & Young LLP, Irvine CA PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceSep 1, 20001
  • Filings1,262 in all: 4 (598), 8-K (231), SC 13G/A (143), 10-Q (78), SC 13G (32), 3 (29), 10-K (26), DEF 14A (26)1
    All 35 form types

    144 (9), S-8 (9), S-1/A (8), 8-K/A (7), DEFA14A (7), UPLOAD (7), CORRESP (6), SCHEDULE 13G/A (6), 4/A (4), ARS (4), S-8 POS (4), 3/A (3), REGDEX (3), SC TO-I/A (3), SCHEDULE 13G (3), 8-A12G (2), D (2), S-1 (2), SCHEDULE 13D/A (2), 424B1 (1), 424B4 (1), DEFR14A (1), NT 10-Q (1), PRE 14A (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Jul 24, 2026
    Quarterly report (10-Q) Oct 7, 2026
    Proxy statement (DEF 14A) Sep 10, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareRGPNasdaq

From the cover page of the 10-K filed Jul 24, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks RESOURCES CONNECTION, INC. names in Item 1A of its 10-K filed Jul 24, 2026: 32 risks under these headings, as written.5

  • Risks Related to the Business Environment
  • An economic downturn or deterioration of general macroeconomic conditions could continue to adversely affect our global operations and financial condition.
  • The market for professional services is highly competitive, and if we are unable to compete effectively against our competitors, our business and operating results could be adversely affected.
  • Events affecting financial institutions could adversely affect our and our clients’ liquidity and financial performance.
  • Risks Related to Human Capital Resources
  • We must provide our clients with highly qualified and experienced consultants, and the loss of a significant number of our consultants, or an inability to attract and retain new consultants, could adversely affect our business and operating results.
  • Our business could suffer if we lose the services of one or more key members of our senior management or key sales professionals.
  • Significant increases in wages or payroll-related costs could have a material adverse effect on our financial results.
  • We may be unable to adequately meet the needs of our clients with our consultants, which can harm our reputation, affect our ability to win new business and have a material adverse effect on our financial results.
  • Risks Related to Our Business Operations and Initiatives
  • Our business depends upon our ability to secure new projects from clients and renew expired contracts, and we could be adversely affected if we fail to do so.
  • Our financial results could suffer if we are unable to achieve or maintain a suitable pay/bill ratio.
The other 23 risks
  • We derive significant revenue and profits from contracts awarded through a competitive bidding process, which can impose substantial costs on us, and we will lose revenue and profits if we fail to compete effectively.
  • Our contracts may contain provisions that are unfavorable to us and permit our clients to, among other things, terminate our contracts partially or completely at any time prior to completion.
  • We may be unable to realize the level of the anticipated benefits that we expect from our transformation and restructuring initiatives, which may adversely impact our business and results of operations.
  • Our digital expansion and technology transformation efforts may not be successful, which could adversely impact our growth and profitability.
  • We may not be able to build an efficient support structure as our business continues to grow and transform.
  • We may not be able to grow our business, manage our growth or sustain our current business.
  • Our ability to serve clients internationally is integral to our strategy and our international activities expose us to additional operational challenges we might not otherwise face.
  • We have acquired, and may continue to acquire, companies, and these acquisitions could disrupt our business.
  • We may be unable to adequately protect our intellectual property rights, including our brand name.
  • In fiscal 2026, our management identified a material weakness in our internal control over financial reporting. If we do not effectively remediate this material weakness or if we experience additional material weaknesses or otherwise fail to maintain effective disclosure controls and procedures or internal control over financial reporting, our ability to report our financial results on a timely and accurate basis may be adversely impacted, which in turn may harm our business and adversely affect the market price of our common stock.
  • Risks Related to AI, Information Technology, Cybersecurity and Data Protection
  • Our computer hardware and software and telecommunications systems are susceptible to damage, breach or interruption.
  • We use and expect to expand our use of AI and machine learning in our business and challenges with properly managing the development and use of these technologies could result in harm to our reputation, business or clients, legal liability and adversely affect our results of operations.
  • Legal and Regulatory Risks
  • Failure to comply with data privacy laws and regulations could have a materially adverse effect on our reputation, results of operations or financial condition, or have other adverse consequences.
  • Failure to comply with governmental, regulatory and legal requirements or with our company-wide Code of Business Conduct and Ethics, Compliance Policy for Anti-Bribery and Anti-Corruption Laws, Insider Trading Policy, Code of Vendor Conduct and Ethics and other policies could lead to governmental or legal proceedings that could expose us to significant liabilities and damage our reputation.
  • We may be legally liable for damages resulting from the actions of our employees, the performance of projects by our consultants or for our clients’ mistreatment of our personnel.
  • Changes in applicable tax laws or adverse results in tax audits or interpretations could have a material adverse effect on our business and operating results.
  • Reclassification of our independent contractors by foreign tax or regulatory authorities could have an adverse effect on our business model and/or could require us to pay significant retroactive wages, taxes and penalties.
  • The exclusive forum provisions in our Amended and Restated Bylaws could limit our stockholders’ ability to bring a claim in a judicial forum that it finds favorable for disputes with the Company or its directors, officers or other employees.
  • Risks Related to Our Corporate and Capital Structure
  • It may be difficult for a third party to acquire us, and this could depress our stock price.
  • The terms of our credit facility impose operating and financial restrictions on us, which may limit our ability to respond to changing business and economic conditions.
  • The 2026 Credit Facility bears a variable rate of interest that is based on the Secured Overnight Financing Rate (“SOFR”) which may have consequences for us that cannot be reasonably predicted and may adversely affect our liquidity, financial condition, and earnings.
  • We could be negatively affected as a result of activist shareholders.
  • We may be unable to or elect not to pay our quarterly dividend payment.

Legal proceedings

We are not currently subject to any material legal proceedings; however, we are a party to various legal proceedings arising in the ordinary course of our business.

The opening of Item 3, Legal Proceedings.5

Sources

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