Huron Consulting Group Inc. (HURN) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Industrials
Services-Management Consulting ServicesSEC EDGAR

Huron Consulting Group Inc. (HURN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 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.

Huron Consulting Group Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Professional consulting and digital services across Healthcare, Education, and Commercial sectors with fixed-fee, time-and-expense, performance-based, and software subscription billing
  • New emphasized segments: Significant expansion of Managed Services professionals by 46.3% to 2,239 supporting revenue cycle and research administration outsourcing
  • Strategic shift: Divestiture of Studer Education business at end of 2024 alongside multiple acquisitions including Treliant, AXIA Consulting, and AXIOM driving 2025 revenue growth
  • Quantitative highlights: Revenues before reimbursable expenses up 11.9% to $1.66B; adjusted diluted EPS up 21% to $7.83; total professionals increased 21.2% to 7,546 including acquisitions
  • Noteworthy fact: Recorded a $15 million litigation settlement gain in 2024, excluded from 2025 adjusted results which included a $7.7 million impairment charge on a convertible debt investment

Management Discussion & Analysis

  • No revenue or profitability data disclosed in the MD&A section provided
  • Share repurchase program authorized for up to $900M, $98.96M still available as of December 31, 2025
  • 1,388,645 shares repurchased in 2025 at average price $143.37 per share, totaling approximately $199M spent
  • Issued 13,521 shares valued at $2.1M on November 1, 2025 for AXIOM acquisition consideration
  • No forward-looking guidance, outlook, or risk commentary included in the excerpt

Risk Factors

  • Regulatory risk from income tax audits by U.S. federal, state, local, and foreign authorities with potential material impact on tax provision and cash flows
  • Macroeconomic exposure to fluctuating client financial health affecting allowances for doubtful accounts and unbilled services
  • Operational risk from reliance on accurate revenue recognition estimates under fixed-fee and performance-based contracts affecting profitability
  • Competitive threat from need to expand service offerings and acquisitions, requiring investments amid credit market conditions
  • Financial risk of contingent consideration in acquisitions, with fair value reassessed quarterly and impacting earnings materially

Huron Consulting Group Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.7B

+11.7% YoY

Net Income

$105M

-9.9% YoY

Operating Margin

10.5%

-58bp YoY

Net Margin

6.2%

-148bp YoY

ROE

19.9%

-91bp YoY

Total Assets

$1.5B

+13.6% YoY

EPS (Diluted)

$5.84

-6.9% YoY

Operating Cash Flow

$193M

-3.9% YoY

Source: XBRL data from Huron Consulting Group Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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