Filing Flows › Huron Consulting Group (HURN) › Q2 2025
Huron Consulting Group (HURN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Huron Consulting Group (HURN) reported revenue of $412M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +2% from the quarter before. Operating margin was 11.1%, net earnings $19.4M (4.7% of revenue).
Huron Consulting Group, Q2 2025: revenue $412M (+8% year over year), operating margin 11.1%, net earnings $19.4M, operating cash flow $80.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | +2% | +8% |
| Operating profit | $45.7M | +39% | -23% |
| Net earnings | $19.4M | -21% | -48% |
| Operating cash flow | $80.0M | — | -25% |
| Free cash flow | $78.0M | — | -26% |
What changed
Revenue was $411.8M in Q2 2025, up 8% year over year and up 2% from the previous quarter. Healthcare was the largest line at 48% of revenue. Commercial: added $16.6M year over year (up 28%), 54% of the total change.
Operating profit was $45.7M, a 11.1% margin (down 4.5 points year over year). Operating profit fell $13.7M even though revenue rose $30.7M versus a year earlier, so costs grew faster than sales. Total costs grew 14% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+954%). Net earnings were $19.4M, down 48% year over year. The effective tax rate was 29.9%.
Operating cash flow was $80.0M (down 25% year over year), 412% of net earnings. Non-cash charges added back $7.1M of depreciation and amortization and $10.4M of share-based compensation. Working capital and other items added $43.1M. Capital expenditures of $2.0M left free cash flow of $78.0M.
Questions
What was Huron Consulting Group's revenue in the second quarter 2025?
Huron Consulting Group (HURN) reported revenue of $412M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +2% from the quarter before.
Was Huron Consulting Group profitable in the second quarter 2025?
Operating profit was $45.7M (11.1% of revenue) and net earnings $19.4M.