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CRA International (CRAI) guidance and outlook
CRA International (CRAI) raised its guidance on Nov 5, 2026: Revenue $830M–$840M for FY2026; Revenue +12.2% to +12.8% for FY2026; EBITDA margin 12%–13% for FY2026. CRA International's 10-Q filed Nov 5, 2026 makes 18 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $830M–$840M | raised |
| Revenue | FY2026 | +12.2% to +12.8% | new |
| EBITDA margin | FY2026 | 12%–13% | reaffirmed |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- The percentage of revenue derived from fixed-price projects depends largely on the proportion of our revenues derived from our management consulting business, which typically has a higher concentration of fixed-price service contracts.
- At October 3, 2026, we do not expect to incur asset retirement obligation or redecoration obligation costs over the next twelve months.
- The remainder of our asset retirement obligations and redecoration obligations are approximately $3.0 million and are expected to be paid between fiscal year 2029 and fiscal year 2035 when the underlying leases terminate or when the respective lease agreement requires redecoration.
- We expect to satisfy these lease and related obligations as they become due from cash generated from operations.
- We have chosen to classify the revolver as a current liability in its condensed consolidated balance sheet, as we intend to repay the amount within 12 months after the balance sheet date.
- We have entered into compensation arrangements for the payment of performance awards to certain of our employees and non-employee experts that are payable if specific performance targets are met.
- We believe that we will have sufficient funds to satisfy any cash obligations related to the performance awards.
- We expect to fund any cash payments from existing cash resources, cash generated from operations, or borrowings available on our revolving credit facility.
- Our long-term incentive program, (the “LTIP”) is used as a framework for equity grants made under our 2006 Equity Plan to our senior corporate leaders, practice leaders, and key revenue generators.
- We expect to fund any cash payments from existing cash resources, cash generated from operations, or borrowings available under our revolving credit facility.
- We plan to finance future repurchases with available cash, cash from future operations, and borrowings available under our revolving credit facility.
- We expect to continue to repurchase shares under our share repurchase program.
CRA International's latest quarter
CRA International, Q3 2026: revenue $215M (+16% year over year), operating margin 11.1%, net earnings $13.9M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
Questions
Did CRA International raise or lower its guidance?
CRA International (CRAI) raised its guidance on Nov 5, 2026: Revenue $830M–$840M for FY2026; Revenue +12.2% to +12.8% for FY2026; EBITDA margin 12%–13% for FY2026.
What does CRA International expect?
The percentage of revenue derived from fixed-price projects depends largely on the proportion of our revenues derived from our management consulting business, which typically has a higher concentration of fixed-price service contracts. At October 3, 2026, we do not expect to incur asset retirement obligation or redecoration obligation costs over the next twelve months. The remainder of our asset retirement obligations and redecoration obligations are approximately $3.0 million and are expected to be paid between fiscal year 2029 and fiscal year 2035 when the underlying leases terminate or when
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.