Filing Flows › CRA International (CRAI) › Q2 2025
CRA International (CRAI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
CRA International (CRAI) reported revenue of $187M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 10.6%, net earnings $12.1M (6.5% of revenue).
CRA International, Q2 2025: revenue $187M (+9% year over year), operating margin 10.6%, net earnings $12.1M, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | +3% | +9% |
| Operating profit | $19.7M | -23% | +75% |
| Net earnings | $12.1M | -33% | +85% |
| Operating cash flow | $5.9M | — | +224% |
| Free cash flow | $4.7M | — | — |
What changed
Revenue was $186.9M in Q2 2025, up 9% year over year and up 3% from the previous quarter.
Operating profit was $19.7M, a 10.6% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 7% margin then. Total costs grew 4% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $12.1M, up 85% year over year. The effective tax rate was 29.2%.
Operating cash flow was $5.9M (up 224% year over year), 48% of net earnings. Non-cash charges added back $3.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $10.8M. Capital expenditures of $1.2M left free cash flow of $4.7M.
Questions
What was CRA International's revenue in the second quarter 2025?
CRA International (CRAI) reported revenue of $187M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +3% from the quarter before.
Was CRA International profitable in the second quarter 2025?
Operating profit was $19.7M (10.6% of revenue) and net earnings $12.1M.
Source: CRA International 10-Q on SEC EDGAR.