Huron Consulting Group Inc.
Business
Huron Consulting Group is a global professional services firm delivering management consulting, managed services, and digital transformation solutions across healthcare, education, and commercial industries. The company provides consulting and managed services spanning strategy, operations, financial advisory, and organizational transformation, complemented by digital capabilities including core systems implementation, data management, AI and automation, and proprietary software products. Huron operates three reportable segments—Healthcare, Education, and Commercial—serving over 2,000 clients globally including hospitals, health systems, universities, financial services firms, and public sector organizations.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Revenues before reimbursable expenses | 1,663 | 1,486 | 1,362 | 1,132 | 906 | |
| Reimbursable expenses | 36 | 36 | 37 | 27 | 21 | |
| Total revenues | 1,699 | 1,522 | 1,399 | 1,159 | 927 | |
| Direct costs (exclusive of depreciation and amortization included below) | 1,122 | 1,010 | 943 | 786 | 637 | |
| Reimbursable expenses | 36 | 36 | 37 | 27 | 21 | |
| Selling, general and administrative expenses | 318 | 287 | 258 | 210 | 178 | |
| Other losses (gains), net | 3 | −14 | −444,000 | −193,000 | — | |
| Restructuring charges | 9 | 10 | 12 | 10 | 12 | |
| Depreciation and amortization | 32 | 25 | 25 | 27 | 25 | |
| Total operating expenses | 1,521 | 1,353 | 1,273 | 1,059 | 874 | |
| Operating income | 179 | 169 | 125 | 100 | 53 | |
| Interest expense, net of interest income | −34 | −25 | −20 | −12 | −8 | |
| Other income (expense), net | −9 | 11 | −22 | 21 | 35 | |
| Total other income (expense), net | −43 | −15 | −41 | 9 | 27 | |
| Income before taxes | 135 | 154 | 84 | 109 | 80 | |
| Income tax expense | 30 | 37 | 21 | 33 | 17 | |
| Net income | 105 | 117 | 62 | 76 | 63 | |
| Net income per basic share | 6.02 | 6.52 | 3.32 | 3.73 | 2.94 | |
| Net income per diluted share | 5.84 | 6.27 | 3.19 | 3.64 | 2.89 | |
| Basic | 17 | 18 | 19 | 20 | 21 | |
| Diluted | 18 | 19 | 20 | 21 | 22 | |
| Foreign currency translation adjustments, net of tax | 2 | −3 | 512,000 | −2 | −925,000 | |
| Unrealized gain (loss) on investment, net of tax | −15 | −4 | 8 | −6 | 1 | |
| Unrealized loss on cash flow hedging instruments, net of tax | −5 | −3 | −4 | 9 | 4 | |
| Other comprehensive income (loss) | −18 | −11 | 5 | 1 | 4 | |
| Comprehensive income | 87 | 106 | 67 | 77 | 67 |
Consolidated Balance Sheet
| Concept | Trend | 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 and cash equivalents | 25 | 22 | 12 | 12 | 21 | |
| Receivables from clients, net of allowances of $10,519 and $11,575, respectively | 187 | 198 | 163 | 148 | 122 | |
| Costs in Excess of Billings, Current | 195 | 160 | 191 | 142 | 91 | |
| Income tax receivable | 8 | 1 | 6 | 960,000 | 8 | |
| Prepaid expenses and other current assets | 34 | 28 | 28 | 26 | 15 | |
| Total current assets | 449 | 409 | 400 | 328 | 258 | |
| Property and equipment, net | 23 | 22 | 24 | 26 | 31 | |
| Deferred income taxes, net | 4 | 3 | 2 | 2 | 2 | |
| Long-term investments, net of allowances of $10,382 and $0, respectively | 36 | 70 | 75 | 91 | 73 | |
| Operating lease right-of-use assets | 20 | 19 | 24 | 30 | 35 | |
| Other non-current assets | 135 | 117 | 92 | 73 | 68 | |
| Intangible assets, net | 73 | 26 | 18 | 23 | 32 | |
| Goodwill | 787 | 679 | 626 | 625 | 621 | |
| Total assets | 1,527 | 1,344 | 1,262 | 1,199 | 1,119 | |
| Accounts payable | 12 | 12 | 10 | 14 | 14 | |
| Accrued expenses and other current liabilities | 38 | 27 | 33 | 27 | 23 | |
| Accrued payroll and related benefits | 267 | 248 | 226 | 172 | 139 | |
| Current maturities of long-term debt | 20 | 14 | 0 | 0 | 559,000 | |
| Current maturities of operating lease liabilities | 14 | 12 | 11 | 11 | 10 | |
| Deferred revenues | 32 | 27 | 22 | 22 | — | |
| Total current liabilities | 383 | 339 | 303 | 246 | 205 | |
| Deferred compensation and other liabilities | 63 | 42 | 36 | 34 | 43 | |
| Long-term debt, net of current portion | 490 | 343 | 324 | 290 | 232 | |
| Operating lease liabilities, net of current portion | 24 | 30 | 39 | 46 | 54 | |
| Deferred income taxes, net | 37 | 28 | 28 | 32 | 12 | |
| Total non-current liabilities | 615 | 443 | 427 | 401 | 342 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common Stock, Value, Issued | 205,000 | 208,000 | 212,000 | 223,000 | 239,000 | |
| Treasury Stock, Value | 190 | 160 | 142 | 138 | 136 | |
| Additional paid-in capital | 88 | 178 | 237 | 319 | 414 | |
| Retained earnings | 637 | 532 | 415 | 353 | 277 | |
| Accumulated other comprehensive income (loss) | −6 | 12 | 23 | 18 | 17 | |
| Total stockholders equity | 529 | 561 | 533 | 552 | 572 | |
| Total liabilities and stockholders equity | 1,527 | 1,344 | 1,262 | 1,199 | 1,119 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 32 | 25 | 25 | 27 | 26 | |
| Non-cash lease expense | 7 | 6 | 6 | 6 | 7 | |
| Lease-related impairment charges | 738,000 | 4 | 6 | 211,000 | 0 | |
| Share-based compensation | 47 | 45 | 46 | 31 | 26 | |
| Amortization of debt discount and issuance costs | 1 | 1 | 769,000 | 1 | 794,000 | |
| Allowances for doubtful accounts | 942,000 | 3 | 421,000 | 141,000 | 13,000 | |
| Deferred income taxes | 11 | 3 | −6 | 19 | 12 | |
| (Gains) losses on sale of property and equipment | 132,000 | −101,000 | −64,000 | −1 | −343,000 | |
| Gain on sale of businesses, excluding transaction costs | 0 | −4 | 0 | 0 | −33 | |
| Change in fair value of contingent consideration liabilities | −3 | 533,000 | 490,000 | 359,000 | −173,000 | |
| Change in fair value of preferred stock investment | 5 | 0 | 26 | −27 | 0 | |
| Credit-related impairment charge on convertible debt investment | 10 | 0 | 0 | — | — | |
| (Increase) decrease in receivables from clients, net | 17 | −30 | −15 | −26 | −40 | |
| (Increase) decrease in unbilled services, net | −32 | 31 | −49 | −51 | −39 | |
| (Increase) decrease in current income tax receivable / payable, net | −8 | 5 | −5 | 8 | −3 | |
| (Increase) decrease in other assets | −13 | −8 | −7 | 3 | −3 | |
| Increase (decrease) in accounts payable and other liabilities | −6 | −12 | −7 | −13 | 10 | |
| Increase (decrease) in accrued payroll and related benefits | 9 | 16 | 51 | 33 | −3 | |
| Increase (decrease) in deferred revenues | 3 | 892,000 | 560,000 | 969,000 | −8 | |
| Net cash provided by operating activities | 193 | 201 | 135 | 85 | 18 | |
| Purchases of property and equipment | −10 | −9 | −9 | −13 | −11 | |
| Investments in life insurance policies | −3 | −3 | −3 | −872,000 | −1 | |
| Distributions from life insurance policies | 0 | 0 | 3 | 3 | 0 | |
| Purchases of businesses, net of cash acquired | −112 | −50 | −2 | −3 | −45 | |
| Capitalization of internally developed software costs | −21 | −24 | −26 | −12 | −5 | |
| Proceeds from note receivable | 154,000 | 154,000 | 154,000 | 154,000 | 0 | |
| Proceeds from sale of property and equipment | 50,000 | 102,000 | 111,000 | 5 | 408,000 | |
| Proceeds from divestitures of businesses | 0 | 5 | 0 | 207,000 | 41 | |
| Net cash used in investing activities | −146 | −80 | −37 | −20 | −20 | |
| Proceeds from exercises of stock options | 5 | 2 | 3 | 1 | 804,000 | |
| Shares redeemed for employee tax withholdings | −34 | −22 | −11 | −8 | −10 | |
| Share repurchases | −167 | −123 | −123 | −120 | −65 | |
| Proceeds from bank borrowings | 1,108 | 744 | 354 | 314 | 235 | |
| Repayments of bank borrowings | −955 | −710 | −320 | −257 | −205 | |
| Payments for debt issuance costs | −3 | −1 | −58,000 | −3 | 0 | |
| Deferred payments on business acquisition | 36,000 | 617,000 | 2 | 2 | 0 | |
| Net cash used in financing activities | −45 | −112 | −98 | −74 | −44 | |
| Effect of exchange rate changes on cash | −16,000 | −173,000 | 32,000 | −111,000 | 170,000 | |
| Net increase in cash and cash equivalents | 3 | 10 | 315,000 | −9 | −46 | |
| Property and equipment expenditures and capitalized software included in current liabilities | 6 | 5 | 5 | 4 | 5 | |
| Common stock issued related to purchases of businesses | 29 | 21 | 2 | 0 | 3 | |
| Contingent consideration accrued related to purchases of businesses | 20 | 36,000 | 374,000 | 1 | 2 | |
| Notes Issued | 0 | 2 | 0 | 0 | — | |
| Excise tax on net share repurchases incurred but not paid [Abstract] | 616,000 | 533,000 | 947,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Huron Consulting Group Inc.'s CIK number?
Huron Consulting Group Inc.'s SEC CIK number is 0001289848 (1289848). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Huron Consulting Group Inc.'s SEC filings?
All of Huron Consulting Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Huron Consulting Group Inc. last report earnings?
Huron Consulting Group Inc. (HURN) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001289848-26-000080). This is Huron Consulting Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Huron Consulting Group Inc.'s most recent earnings 8-K?
Huron Consulting Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001289848-26-000080. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Huron Consulting Group Inc.'s latest earnings 8-K →
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