KFORCE INC

Listed Company

KFRCCIK 0000930420NYSELarge AcceleratedServices-Help Supply ServicesFloridaFY ends Dec 31

Period

FY 2025

Revenue

$1.33B

Net Income

$34.83M

Total Assets

$365.64M

Equity

$124.60M

Shares Out

17.83M

Op. Cash Flow

$61.65M

Business

Kforce Inc. is a solutions firm that provides professional staffing and technology talent solutions to industry-leading companies. It offers temporary (Flex) staffing, permanent (Direct Hire) placements and solutions-oriented consulting engagements across technology, finance and accounting disciplines, and operates an India development center to support delivery. Its business is organized into two reportable segments — Technology and Finance & Accounting — with a focus on delivering skilled consultants and project teams. Kforce serves clients across virtually every industry primarily through U.S. sales and delivery, supplemented by nearshore and offshore vendor networks and MSP/VMS channels.

Summary from filing dated 2025-02-21

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
Revenue	1,329	1,405	1,532	1,711	1,580
Direct costs	968	1,020	1,105	1,210	1,123
Gross profit	361	385	427	501	457
Selling, general and administrative expenses	306	310	335	380	346
Depreciation and amortization	6	6	5	4	5
Income from operations	50	70	87	117	107
Other expense, net	3	2	2	14	7
Income before income taxes	47	68	85	102	99
Deferred tax expense (benefit):	12	17	24	27	24
Net income	35	50	61	75	75
Weighted average shares outstanding - basic (in shares)	18	19	19	20	21
Weighted average shares outstanding diluted (in shares)	18	19	20	21	21
Earnings per share basic (in dollars per share)	1.97	2.71	3.18	3.76	3.65
Diluted (in dollars per share)	1.96	2.68	3.13	3.68	3.54

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	2	349,000	119,000	121,000	97
Trade receivables, net of allowances of $1,248 and $1,560, respectively	190	216	233	269	265
Prepaid expenses and other current assets	10	9	11	8	7
Total current assets	202	225	244	278	372
Fixed assets, net	6	8	9	9	6
Other assets, net	129	95	76	76	93
Deferred tax assets, net	3	5	3	5	8
Goodwill	25	25	25	25	25
Total assets	366	358	358	392	503
Accounts payable and other accrued liabilities	68	62	65	73	81
Accrued payroll costs	42	39	34	48	71
Current portion of operating lease liabilities	3	3	4	5	6
Income taxes payable	451,000	9	623,000	6	1
Total current liabilities	114	112	103	131	160
Long-Term Line of Credit, Noncurrent	66	33	42	26	100
Other long-term liabilities	61	58	54	53	55
Total liabilities	241	203	199	210	315
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; 15,000 shares authorized, none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value; 250,000 shares authorized, 74,244 and 73,835 issued, respectively	742,000	738,000	734,000	732,000	730,000
Additional paid-in capital	558	543	527	508	488
Retained earnings	552	546	525	493	443
Treasury stock, at cost; 55,891 and 54,619 shares, respectively	−987	−935	−894	−819	−744
Total stockholders equity	125	155	159	182	188
Total liabilities and stockholders equity	366	358	358	392	503

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
Deferred income tax provision, net	2	−2	2	3	2
Provision for credit losses	5,000	100,000	768,000	−126,000	11,000
Depreciation and amortization	6	6	5	4	5
Stock-based compensation expense	14	14	18	18	14
Noncash lease expense	4	4	4	6	6
Loss on equity method investment	0	0	750,000	4	2
Other	1	−395,000	724,000	141,000	−893,000
Trade receivables, net	25	18	35	−4	−37
Increase (Decrease) in Other Operating Assets	−20	−9	−1	−9	−10
Accrued payroll costs	4	6	−13	−22	6
Other liabilities	−8	475,000	−21	20	8
Cash provided by operating activities	62	87	91	91	73
Capital expenditures	−15	−8	−8	−8	−6
Premiums paid for company-owned life insurance	1	2	0	1	0
Proceeds from Divestiture of Interest in Joint Venture	0	0	5	0	0
Payments for (Proceeds from) Life Insurance Policies	−686,000	−2	−1	0	—
Note receivable issued to our joint venture	0	0	−750,000	−7	0
Cash used in investing activities	−14	−8	−5	−14	8
Proceeds from credit facility	441	301	594	38	0
Payments on credit facility	−407	−310	−578	−113	0
Repurchases of common stock	−51	−42	−75	−75	−66
Cash dividends	−27	−28	−28	−24	−20
Other	−1	−6,000	−19,000	−51,000	—
Cash used in financing activities	−46	−79	−87	−173	−88
Change in cash and cash equivalents	2	230,000	−2,000	−97	−6
Income Taxes, net	20	10	29	17	—
Operating lease liabilities	5	5	5	7	7
Interest, net	4	2	897,000	885,000	2
ROU assets obtained from operating leases	5	3	4	10	5
Unsettled repurchases of common stock	200,000	260,000	920,000	974,000	181,000

Filings

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