Company: CRAI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001053706-25-000020
Chunk: 48

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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 all direct expenses incurred to complete the project, including any amounts billed to CRA by its non-employee experts.Disaggregation of RevenueThe following tables disaggregate CRA’s revenue by type of contract and geographic location (in thousands):Fiscal Quarter EndedFiscal Year-to-DatePeriod EndedType of ContractJune 28,2025June 29,2024June 28,2025June 29,2024Consulting services revenues:Fixed-price$29,413 $29,292 $59,742 $59,373 Time-and-materials157,465 142,150 308,987 283,857 Total$186,878 $171,442 $368,729 $343,230 Revenues have been attributed to locations based on the location of the legal entity generating the revenues.Fiscal Quarter EndedFiscal Year-to-DatePeriod EndedGeographic BreakdownJune 28,2025June 29,2024June 28,2025June 29,2024Consulting services revenues:United States$151,745 $138,601 $301,458 $280,805 United Kingdom22,463 22,161 45,587 43,315 Other12,670 10,680 21,684 19,110 Total$186,878 $171,442 $368,729 $343,230 Reserves for Variable Consideration and Credit RiskRevenues from CRA's consulting services are recorded at the net transaction price, which includes estimates of variable consideration for which reserves are established. Variable consideration reserves are based on specific price concessions and those expected to be extended to CRA customers estimated by CRA's historical realization rates. Reserves for variable consideration are recorded as a component of the allowances for accounts receivable and unbilled services on the condensed consolidated balance sheets. Adjustments to the reserves for variable consideration are included in revenues on the condensed consolidated statements of operations.

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Table of ContentsCRA INTERNATIONAL, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)(Unaudited)

CRA also maintains allowances for accounts receivable and unbilled services for estimated losses resulting from clients’ failure to make required payments. Under ASC Topic 326, Financial Instruments—Credit Losses, CRA estimates allowances based on historical charge-off rates, adjusted for days sales outstanding and expected changes to clients’ financial conditions during the anticipated collection period. Bad debt expense, net of recoveries of