10-K annual report · filed Feb 24, 2026

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

Short answer

Huron Consulting Group Inc. (HURN) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $1.7B (+11.7% year over year) and net income of $105M.

  • Top risk flagged: 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

FY2025 key financial metrics · XBRL

Revenue
$1.7B
+11.7% YoY
Net income
$105M
−9.9% YoY
Operating margin
10.5%
−0.6 pp YoY
EPS (diluted)
$5.84
−6.9% YoY
ROE
19.9%
−0.9 pp YoY
Operating cash flow
$193M
−3.9% YoY

Source: XBRL data from the Huron Consulting Group Inc. (HURN) FY2025 10-K on SEC EDGAR. USD.

Huron Consulting Group Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

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

  • 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

Generated from the filing text; verify against the original. How to read a 10-K

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