HACKETT GROUP, INC.

Listed Company

HCKTCIK 0001057379NasdaqAcceleratedServices-Management Consulting ServicesFloridaFY ends Dec 26

Period

FY 2025

Revenue

$305.63M

Net Income

$12.94M

Total Assets

$206.45M

Equity

$68.10M

Shares Out

25.38M

Op. Cash Flow

$40.30M

Business

HACKETT GROUP, INC. is a global IP platform-based generative AI strategic consulting and executive advisory digital transformation firm. It provides Gen AI-enabled enterprise transformation services, AI assessment and implementation platforms (AI XPLR, ZBrain), benchmarking (Quantum Leap), Digital Transformation Platform (DTP), Oracle, SAP, OneStream and Coupa implementation offerings, executive advisory, IPaaS and market intelligence. Its principal business segments include Global Strategy & Business Transformation, Oracle Solutions and SAP Solutions. The company serves Global 2000 clients across North America and Europe, leverages offshore delivery centers, strategic alliances and membership platforms for distribution.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	306	314	297	294	279
Total cost of service	188	191	180	178	173
Selling, general and administrative costs (includes $16,028, $9,033 and $4486 of stock compensation expense in 2025, 2024 and 2023, respectively)	91	79	66	61	59
Restructuring costs	3	—	—	—	—
Legal settlement and related costs	—	102,000	1	—	—
Total costs and operating expenses	282	269	247	238	232
Operating income	24	45	49	55	46
Interest expense, net	−2	−2	−3	−144,000	−95,000
Income before income tax expense	22	43	46	55	46
Income tax expense	9	13	12	14	5
Net income	13	30	34	41	42
Basic net income per common share	0.47	1.08	1.26	1.3	1.38
Diluted net income per common share	0.46	1.05	1.24	1.28	1.26
Weighted average common shares outstanding	27	28	27	31	30
Weighted average common and common equivalent shares outstanding	28	28	28	32	33

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	18	16	21	30	46
Accounts receivable and contract assets, net of allowance of $1,921 and $2,377 at December 26, 2025 and December 27, 2024, respectively	60	57	52	48	51
Prepaid expenses and other current assets	6	3	2	3	6
Total current assets	84	76	75	81	102
Property, software and equipment, net	24	20	20	19	18
Other assets	358,000	350,000	285,000	268,000	620,000
Intangible assets, net	3	2	—	—	—
Goodwill	91	90	84	84	85
Operating lease right-of-use assets	2	3	1	698,000	2
Deferred tax asset	2	1	—	—	—
Total assets	206	193	181	185	208
Accounts payable	6	7	8	9	8
Accrued expenses and other liabilities	29	31	27	31	30
Contract liabilities	12	11	12	13	15
Income tax payable	74,000	4	2	6	—
Operating lease liabilities	1	965,000	1	870,000	2
Total current liabilities	49	53	50	60	55
Deferred tax liability, net	13	10	8	7	7
Long term debt, net	76	13	33	60	—
Operating lease liabilities	1	2	631,000	584,000	1
Total liabilities	138	78	91	127	64
Commitments and contingencies	—	—	—	—	—
Preferred stock, $.001 par value, 1,250,000 shares authorized, none issued and outstanding	—	—	—	—	—
Common stock, $.001 par value, 125,000,000 shares authorized; 61,886,232 and 61,031,629 shares issued at December 26, 2025 and December 27, 2024, respectively	62,000	61,000	61,000	60,000	60,000
Additional paid-in capital	353	332	317	308	300
Treasury stock, at cost, 36,793,733 and 33,540,472 shares at December 26, 2025 and December 27, 2024, respectively	−350	−281	−275	−274	−157
Retained earnings	78	78	61	39	11
Accumulated other comprehensive loss	−13	−14	−13	−15	−10
Total shareholders' equity	68	116	90	58	144
Total liabilities and shareholders' equity	206	193	181	185	208

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	13	30	34	41	42
Depreciation expense	4	4	3	3	3
Amortization expense	1	148,000	—	154,000	1
Amortization of debt issuance costs	90,000	78,000	72,000	82,000	45,000
Provision for doubtful accounts	479,000	878,000	27,000	91,000	374,000
Loss on foreign currency transactions	190,000	19,000	404,000	−1	−130,000
Deferred income tax expense (benefit)	2	−346,000	1	−480,000	1
Increase in accounts receivable and contract assets	−2	−5	−4	3	−18
Increase in prepaid expenses and other assets	−3	−203,000	−489,000	4	−2
Decrease in accounts payable	−231,000	−1	−1	1	2
(Decrease) increase in accrued expenses and other liabilities	−2	364,000	−3	−6	4
Decrease in contract liabilities	−174,000	−999,000	−1	−1	6
Increase (decrease) in income tax payable	−4	1	−3	6	−2
Net cash provided by operating activities	40	48	37	59	46
Purchases of property and equipment	−8	−4	−4	−5	−3
Cash consideration paid for acquisitions	−767,000	−7	—	—	—
Net cash used in investing activities	−9	−11	−4	−5	−3
Debt proceeds	73	—	5	60	—
Repayments of debt	−10	−20	−32	—	—
Debt issuance costs	−7,000	−56,000	−14,000	−381,000	−4,000
Dividends paid	−13	−12	−12	−10	−13
Proceeds from ESPP	1	998,000	937,000	876,000	—
Taxes paid to satisfy employee withholding tax obligations	−12	−4	−4	−3	−22
Repurchases of common stock	−69	−6	−734,000	−117	−13
Net cash used in financing activities	−30	−42	−43	−70	−47
Effect of exchange rate on cash	−74,000	−38,000	−33,000	−51,000	−33,000
Net increase (decrease) in cash	2	−5	−9	−16	−4
Cash paid for income taxes	13	12	13	5	9
Cash paid for interest	2	2	3	78,000	57,000
Shares issued to sellers and key personnel of LeewayHertz	—	12	—	—	—
Dividend declared during the year and paid the following year	3	3	3	3	—

Filings

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