Huron Consulting Group Inc.

Listed Company

HURNCIK 0001289848NasdaqLarge AcceleratedServices-Management Consulting ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.70B

Net Income

$105.04M

Total Assets

$1.53B

Equity

$528.63M

Shares Out

16.92M

Op. Cash Flow

$193.39M

Business

Huron Consulting Group Inc. is a global professional services firm that partners with organizations to design strategy, optimize operations, accelerate digital transformation, and deliver sustained performance improvements. It offers management consulting, managed services, technology and analytics solutions, and proprietary software products to address revenue cycle, research administration, ERP/EHR implementations, AI and automation, financial and capital advisory, and strategy and innovation needs. Huron organizes its business across three operating segments—Healthcare, Education, and Commercial—and delivers services through Consulting and Managed Services and Digital capabilities. The company serves clients worldwide with offices in the United States and abroad and leverages relationships with C-suite decision makers and an ecosystem of technology partners and channel partnerships to distribute offerings.

Summary from filing dated 2025-02-25

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
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

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 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

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
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

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