CRA INTERNATIONAL, INC. (CRAI) FY2026 10-K Annual Report

Filed: Feb 26, 2026
Industrials
Services-Legal ServicesSEC EDGAR

CRA INTERNATIONAL, INC. (CRAI) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CRA INTERNATIONAL, INC. FY2026 10-K Analysis

Business Overview

  • Core business model: Global consulting in economic, financial, and management advisory for litigation, regulatory, and corporate strategy matters
  • New emphasis on blockchain, cryptocurrency, and digital assets as a highlighted industry expertise
  • Strategic integration of geographically dispersed offices enhancing cross-border collaboration and rapid post-acquisition integration
  • Consultant headcount reached 959, with 79% of senior staff holding advanced degrees and 51% of those doctorates
  • Approximately 17% of revenue from fixed-price contracts in fiscal 2025, indicating growth potential in management consulting pricing models

Management Discussion & Analysis

  • Revenue driven by professional services, mainly time-and-materials basis; no specific $ or YoY change disclosed
  • Utilization improved to 77% in fiscal 2025 from 75% in fiscal 2024 and 70% in fiscal 2023
  • International revenue ~20% of total in 2025, up slightly from 19% in 2024, stable from 21% in 2023
  • No explicit profitability margins or segment profitability figures provided
  • No cash flow, capital allocation, or forward-looking guidance or risks disclosed in this section

Risk Factors

  • Compliance risk with GDPR, UK equivalent, Brazil's privacy law, and California Consumer Protection Act, increasing data protection cost and potential fines
  • Global economic and geopolitical unrest impacting client demand, including effects from inflation and foreign conflicts on industries served
  • Reliance on key employee consultants who can freely terminate, risking revenue loss and client retention without enforceable non-competition agreements
  • Competitive pressure from firms able to offer higher compensation, limiting ability to recruit and retain qualified consultants
  • Acquisition integration risk with potential goodwill impairment and increased amortization charges from purchase prices exceeding tangible asset values

CRA INTERNATIONAL, INC. FY2026 Key Financial Metrics
XBRL

Source: XBRL data from CRA INTERNATIONAL, INC. FY2026 10-K filing on SEC EDGAR. All figures in USD.

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