Filing Flows › Exponent (EXPO) › Q2 2025
Exponent (EXPO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Exponent (EXPO) reported revenue of $142M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before. Operating margin was 12.1%, net earnings $26.6M (18.7% of revenue).
Exponent, Q2 2025: revenue $142M (+1% year over year), operating margin 12.1%, net earnings $26.6M, operating cash flow $36.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | -2% | +1% |
| Operating profit | $17.2M | -61% | -52% |
| Net earnings | $26.6M | -0.4% | -9% |
| Operating cash flow | $36.2M | +398% | -25% |
| Free cash flow | $33.9M | +515% | -28% |
What changed
Revenue was $142.0M in Q2 2025, up 1% year over year and down 2% from the previous quarter.
Operating profit was $17.2M, a 12.1% margin (down 13.3 points year over year). Operating profit fell $18.6M even though revenue rose $1.4M versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $26.6M, down 9% year over year. The effective tax rate was 27.9%. Non-operating items added $19.6M, 53% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $36.2M (down 25% year over year), 136% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $2.3M left free cash flow of $33.9M.
Questions
What was Exponent's revenue in the second quarter 2025?
Exponent (EXPO) reported revenue of $142M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -2% from the quarter before.
Was Exponent profitable in the second quarter 2025?
Operating profit was $17.2M (12.1% of revenue) and net earnings $26.6M.
Source: Exponent 10-Q on SEC EDGAR.