Filing Flows › CRA International (CRAI) › Q1 2026
CRA International (CRAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
CRA International (CRAI) reported revenue of $201M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +2% from the quarter before. Operating margin was 9.0%, net earnings $11.1M (5.5% of revenue).
CRA International, Q1 2026: revenue $201M (+10% year over year), operating margin 9.0%, net earnings $11.1M, operating cash flow −$114M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $201M | +2% | +11% |
| Operating profit | $18.0M | -13% | -29% |
| Net earnings | $11.1M | -16% | -38% |
| Operating cash flow | −$114M | -290% | — |
What changed
Revenue was $201.0M in Q1 2026, up 11% year over year and up 2% from the previous quarter.
Operating profit was $18.0M, a 9.0% margin (down 5.1 points year over year). Operating profit fell $7.5M even though revenue rose $19.1M versus Q1 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+21%). Net earnings were $11.1M, down 38% year over year. The effective tax rate was 36.0%.
Operating cash flow was −$113.9M. Non-cash charges added back $3.4M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $129.8M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$116.5M.
Questions
What was CRA International's revenue in the first quarter 2026?
CRA International (CRAI) reported revenue of $201M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +2% from the quarter before.
Was CRA International profitable in the first quarter 2026?
Operating profit was $18.0M (9.0% of revenue) and net earnings $11.1M.
Source: CRA International 10-Q on SEC EDGAR.