Filing Flows › Industrials › Exponent (EXPO)
Exponent (EXPO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Exponent (EXPO) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $174M · 18¢ of every $1 of revenue kept as net profit · operating margin 24.1%
Exponent made $174M in Q3 2026 (+18% Y/Y). Operating margin 24.1%, net earnings $30.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $173.7M in Q3 2026, up 18% year over year and up 1% from the previous quarter.
Operating profit was $41.9M, a 24.1% margin (up 4.4 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 20% margin then. Total costs grew 12% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $30.9M, up 10% year over year. The effective tax rate was 28.0%.
Operating cash flow was $63.2M (up 94% year over year), 204% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $22.9M. Capital expenditures of $1.2M left free cash flow of $62.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $174M | +18% | 24.1% | $30.9M | $63.2M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $172M | +21% | 16.3% | $29.4M | $30.9M |
| Q1 2026 | 10-Q | May 8, 2026 | $166M | +14% | 24.9% | $29.6M | −$975K |
| Q4 2025 | 10-K | Feb 27, 2026 | $147M | +8% | 19.8% | $24.8M | $55.6M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $147M | +8% | 19.7% | $28.0M | $32.7M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $142M | +1% | 12.1% | $26.6M | $36.2M |
| Q1 2025 | 10-Q | May 9, 2025 | $146M | +0.4% | 30.5% | $26.6M | $7.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Exponent
Exponent brings together 90+ technical disciplines and 950+ consultants to help our clients navigate the increasing complexity of more than a dozen industries, connecting decades of pioneering work in failure analysis to develop solutions for a safer, healthier, more sustainable world. Exponent’s consultants deliver the highest value by leveraging multidisciplinary expertise and resources from across Exponent’s offices in North America, Asia, and Europe. Exponent’s consultants, laboratories, and integrated technical platform work seamlessly together around the globe, enabling us to produce the breakthrough insights needed to help multinational companies, startups, law firms, insurance companies, governments, and society respond to incidents and push their products and processes forward at speed.
In its own words, from its 8-K, filed Jul 30, 2026.
Exponent against its Services-Management Consulting Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +6%. Operating margin: 24.1% against the peers' median 8.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXPO Exponent | Q3 2026 | $174M | +18% | 24.1% |
| BAH Booz Allen Hamilton Holding | Q2 FY27 | $2.8B | -4% | 8.8% |
| G Genpact | Q3 2026 | $1.4B | +7% | 15.2% |
| ASTH Astrana Health | Q3 2026 | $1.0B | +7% | 3.9% |
| FCN FTI Consulting | Q3 2026 | $1.0B | +6% | 8.9% |
| HURN Huron Consulting Group | Q3 2026 | $491M | +11% | 12.0% |
| ICFI ICF International | Q3 2026 | $470M | +1% | 9.3% |
| ONT Onterris | Q3 2026 | $203M | -10% | 6.0% |
| RMR RMR Group | Q3 FY26 | $154M | -0.8% | -6.0% |
Source: Exponent 10-Q on SEC EDGAR · CIK 851520 · Services-Management Consulting Services
Guidance and outlook
13F: who owns EXPO and who is buying
More on EXPO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results