Company: CRAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001053706-25-000014
Chunk: 12

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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ITEM 1. Financial Statements

CRA INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

(in thousands, except per share data)

Fiscal Quarter EndedMarch 29,2025March 30,2024Revenues$181,851 $171,789 Costs of services (exclusive of depreciation and amortization)120,354 118,880 Selling, general and administrative expenses32,538 30,499 Depreciation and amortization3,411 2,792 Income from operations25,548 19,618 Interest expense, net(429)(464)Foreign currency gains (losses), net(474)(142)Income before provision for income taxes24,645 19,012 Provision for income taxes6,643 5,321 Net income$18,002 $13,691 Net income per share:Basic$2.65 $1.97 Diluted$2.62 $1.95 Weighted average number of shares outstanding:Basic6,775 6,926 Diluted6,862 7,011 

See accompanying notes to the condensed consolidated financial statements.

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CRA INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)

(in thousands)

Fiscal Quarter EndedMarch 29,2025March 30,2024Net income$18,002 $13,691 Other comprehensive income (loss)Foreign currency translation adjustments, net of tax1,743 (1,105)Comprehensive income$19,745 $12,586 

See accompanying notes to the condensed consolidated financial statements.

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CRA INTERNATIONAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

(in thousands, except share data)

March 29,2025December 28,2024ASSETSCurrent assets:Cash and cash equivalents$25,598 $26,711 Accounts receivable, net of allowances of $5,896 and $5,659, respectively140,326 162,293 Unbilled services, net of allowances of $1,382 and $1,411, respectively82,925 57,255 Prepaid expenses and other current assets17,744 16,569 Forgivable loans11,527 6,535