Filing Flows › CRA International (CRAI) › Q3 2025
CRA International (CRAI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
CRA International (CRAI) reported revenue of $186M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.5% from the quarter before. Operating margin was 9.3%, net earnings $11.5M (6.2% of revenue).
CRA International, Q3 2025: revenue $186M (+11% year over year), operating margin 9.3%, net earnings $11.5M, operating cash flow $36.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | -0.5% | +11% |
| Operating profit | $17.2M | -13% | -6% |
| Net earnings | $11.5M | -5% | +0.3% |
| Operating cash flow | $36.5M | +525% | +16% |
| Free cash flow | $35.9M | +670% | +26% |
What changed
Revenue was $185.9M in Q3 2025, up 11% year over year and down 1% from the previous quarter.
Operating profit was $17.2M, a 9.3% margin (down 1.7 points year over year). Operating profit fell $1.2M even though revenue rose $18.1M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $11.5M, roughly flat year over year. The effective tax rate was 29.3%.
Operating cash flow was $36.5M (up 16% year over year), 319% of net earnings. Non-cash charges added back $3.5M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $20.0M. Capital expenditures of $650K left free cash flow of $35.9M.
Questions
What was CRA International's revenue in the third quarter 2025?
CRA International (CRAI) reported revenue of $186M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.5% from the quarter before.
Was CRA International profitable in the third quarter 2025?
Operating profit was $17.2M (9.3% of revenue) and net earnings $11.5M.
Source: CRA International 10-Q on SEC EDGAR.