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CRA International (CRAI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · CRA International (CRAI) Q3 2026 earnings results →

Q3 2026 Revenue up 16% year over year to $215M · 6¢ of every $1 of revenue kept as net profit · operating margin 11.1%

CRA International made $215M in Q3 2026 (+16% Y/Y). Operating margin 11.1%, net earnings $13.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$215M
Year over year+16%
Operating margin11.1%
Net earnings$13.9M
Operating cash flow$74.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $214.9M in Q3 2026, up 16% year over year and up 2% from the previous quarter.

Operating profit was $23.9M, a 11.1% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 23% reached operating profit, above the 9% margin then. Total costs grew 13% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $13.9M, up 21% year over year. The effective tax rate was 34.8%.

Operating cash flow was $74.4M (up 104% year over year), 535% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $55.9M. Capital expenditures of $1.2M left free cash flow of $73.2M.

Quarterly history

CRA International revenue by quarterCRA International revenue by quarter$182MQ1 2025$187MQ2 2025$186MQ3 2025$197MQ4 2025$201MQ1 2026$211MQ2 2026$215MQ3 2026
CRA International net earnings by quarterCRA International net earnings by quarter$18.0MQ1 2025$12.1MQ2 2025$11.5MQ3 2025$13.2MQ4 2025$11.1MQ1 2026$13.5MQ2 2026$13.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$215M+16%11.1%$13.9M$74.4M
Q2 202610-QAug 6, 2026$211M+13%11.2%$13.5M−$4.4M
Q1 202610-QMay 7, 2026$201M+10%9.0%$11.1M−$114M
Q4 202510-KFeb 26, 2026$197M+12%10.5%$13.2M$60.0M
Q3 202510-QOct 30, 2025$186M+11%9.3%$11.5M$36.5M
Q2 202510-QJul 31, 2025$187M+9%10.6%$12.1M$5.9M
Q1 202510-QMay 1, 2025$182M+6%14.0%$18.0M−$80.0M

Charts

CRA International: revenue growth, year over year and quarter over quarterCRA International: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q1 2025+9%+3%Q2 2025+11%-1%Q3 2025+12%+6%Q4 2025+10%+2%Q1 2026+13%+5%Q2 2026+16%+2%Q3 2026
Latest (Q3 2026): Y/Y +16%, Q/Q +2%.
CRA International: where the cash came from (+) and went (−), TTM to Q3 2026CRA International: where the cash came from (+) and went (−), TTM to Q3 2026Net borrowing (+) / repaid (−)$55.0MBuybacks−$49.3MOperating cash flow$16.1MDividends−$14.8MCapital spending−$6.5MTaxes on employees’ shares−$2.2MCash drawn (+) / kept (−)$2.1MOther financing−$1.4MExchange rates$972K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
CRA International: profit against cash, quarter by quarterCRA International: profit against cash, quarter by quarterNet incomeOperating cash flow$15.0M$79.4MQ4 2024$18.0M−$80.0MQ1 2025$12.1M$5.9MQ2 2025$11.5M$36.5MQ3 2025$13.2M$60.0MQ4 2025$11.1M−$114MQ1 2026$13.5M−$4.4MQ2 2026$13.9M$74.4MQ3 2026
Latest (Q3 2026): Net income $13.9M, Operating cash flow $74.4M.
CRA International: diluted shares by fiscal yearCRA International: diluted shares by fiscal year8MFY20208MFY20217MFY20227MFY20237MFY20247MFY2025
-15.5% since FY2020: buybacks shrank the count.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About CRA International

Unless otherwise indicated or required by the context, when we use the terms "CRA", "the Company," "us," "we," or "our" we mean CRA International, Inc., a Massachusetts corporation, and its consolidated subsidiaries. We are a leading global consulting firm specializing in providing economic, financial and management consulting services. We advise clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guide corporations through critical business strategy and performance-related issues. Since our inception in 1965, we have been engaged by clients for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems.

In its own words, from its 10-K, filed Feb 26, 2026.

Source: CRA International 10-Q on SEC EDGAR · CIK 1053706 · Services-Legal Services

Guidance and outlook

CRA International: what its forward-looking statements are about (10-Q filed 2026-11-05)CRA International: what its forward-looking statements are about (10-Q filed 2026-11-05)Financing5Other3Buybacks & dividends3Demand2People2Costs1Backlog1Margins1
18 statements; tone +0.06 (−1 all cautious, +1 all confident); 3 hedged.
CRA International: outlook statements against the filing beforeCRA International: outlook statements against the filing beforeConfident1

13F: who owns CRAI and who is buying

Largest holders of CRAI (13F)Largest holders of CRAI (13F)BlackRock$91.5MVanguard Group$78.6MFMR LLC$66.9MVanguard Capital Management LLC$39.5MTwo Sigma Investments, LP$37.2MNeedham Investment Management LLC$30.7MDimensional Fund Advisors LP$27.8MRenaissance Technologies LLC$25.9MPoint72 Asset Management, L.P.$25.6MGeode Capital Management, LLC$23.7M
Funds' net buying of CRAI by quarter (13F)Funds' net buying of CRAI by quarter (13F)−$21.5M2024-09−$20.7M2024-12$1.8M2025-03$11.3M2025-06−$44.3M2025-09−$5.4M2025-12$11.0M2026-03−$20.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CRAI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

中文版:CRA International(CRAI)财报

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