Filing Flows › CRA International (CRAI) › Q4 2025
CRA International (CRAI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
CRA International (CRAI) reported revenue of $197M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +6% from the quarter before. Operating margin was 10.5%, net earnings $13.2M (6.7% of revenue).
CRA International, Q4 2025: revenue $197M (+12% year over year), operating margin 10.5%, net earnings $13.2M, operating cash flow $60.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +6% | +12% |
| Operating profit | $20.6M | +20% | -4% |
| Net earnings | $13.2M | +15% | -12% |
| Operating cash flow | $60.0M | +64% | -24% |
| Free cash flow | $59.0M | +64% | -14% |
What changed
Revenue was $197.0M in Q4 2025, up 12% year over year and up 6% from the previous quarter.
Operating profit was $20.6M, a 10.5% margin (down 1.7 points year over year). Operating profit fell $815K even though revenue rose $20.5M versus a year earlier, so costs grew faster than sales. Total costs grew 14% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $13.2M, down 12% year over year. The effective tax rate was 29.1%.
Operating cash flow was $60.0M (down 24% year over year), 455% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $41.2M. Capital expenditures of $1.1M left free cash flow of $59.0M.
Questions
What was CRA International's revenue in the fourth quarter 2025?
CRA International (CRAI) reported revenue of $197M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +6% from the quarter before.
Was CRA International profitable in the fourth quarter 2025?
Operating profit was $20.6M (10.5% of revenue) and net earnings $13.2M.
Source: CRA International 10-K on SEC EDGAR.