Filing Flows › Huron Consulting Group (HURN) › Q3 2025
Huron Consulting Group (HURN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Huron Consulting Group (HURN) reported revenue of $441M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +7% from the quarter before. Operating margin was 11.3%, net earnings $30.4M (6.9% of revenue).
Huron Consulting Group, Q3 2025: revenue $441M (+17% year over year), operating margin 11.3%, net earnings $30.4M, operating cash flow $93.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $441M | +7% | +17% |
| Operating profit | $50.0M | +10% | +18% |
| Net earnings | $30.4M | +57% | +12% |
| Operating cash flow | $93.8M | +17% | +10% |
| Free cash flow | $89.8M | +15% | +8% |
What changed
Revenue was $441.3M in Q3 2025, up 17% year over year and up 7% from the previous quarter. Healthcare was the largest line at 50% of revenue. Healthcare added $36.4M year over year (up 20%), 58% of the total change.
Operating profit was $50.0M, a 11.3% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 11% margin then. Total costs grew 17% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $30.4M, up 12% year over year. The effective tax rate was 28.7%.
Operating cash flow was $93.8M (up 10% year over year), 308% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization and $10.6M of share-based compensation. Working capital and other items added $43.4M. Capital expenditures of $4.0M left free cash flow of $89.8M.
Questions
What was Huron Consulting Group's revenue in the third quarter 2025?
Huron Consulting Group (HURN) reported revenue of $441M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +7% from the quarter before.
Was Huron Consulting Group profitable in the third quarter 2025?
Operating profit was $50.0M (11.3% of revenue) and net earnings $30.4M.