Filing Flows › Resources Connection (RGP) › Q3 FY25
Resources Connection (RGP) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 3, 2025
Resources Connection (RGP) reported revenue of $129M for the third quarter fiscal 2025 (Q3 FY25), -14% from a year earlier and -11% from the quarter before. Operating margin was -38.4%, net loss $44.1M (34.0% of revenue).
Resources Connection, Q3 FY25: revenue $129M (-14% year over year), operating margin -38.4%, net loss $44.1M, operating cash flow $659K. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | -11% | -14% |
| Operating profit | −$49.7M | — | — |
| Net earnings | −$44.1M | — | — |
| Operating cash flow | $659K | -63% | -97% |
| Free cash flow | $238K | +290% | -99% |
What changed
Revenue was $129.4M in Q3 FY25, down 14% year over year and down 11% from the previous quarter.
Gross margin was 35.1%, down 2.0 points from a year earlier. Operating costs exceeded revenue by $49.7M, an operating margin of -38.4%. Operating expenses grew 84% against a revenue fall of 14%. The fastest-growing cost line was Other operating costs (+1935%). The quarter ended with a net loss of $44.1M, narrower than the previous quarter's $68.7M loss.
Operating cash flow was $659K (down 97% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $40.3M. Capital expenditures of $421K left free cash flow of $238K.
Questions
What was Resources Connection's revenue in the third quarter fiscal 2025?
Resources Connection (RGP) reported revenue of $129M for the third quarter fiscal 2025 (Q3 FY25), -14% from a year earlier and -11% from the quarter before.
Was Resources Connection profitable in the third quarter fiscal 2025?
Operating loss was $49.7M (-38.4% of revenue) and net loss $44.1M.