| Disaggregation of Revenue |
The Company disaggregates revenue from clients into categories that depict how the nature, amount, and uncertainty of revenue and cash flows are affected by economic and business factors. Those categories are client market, client type, and contract mix.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2025 |
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2024 |
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|
2025 |
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|
2024 |
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Dollars |
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Percent |
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Dollars |
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Percent |
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Dollars |
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Percent |
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Dollars |
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Percent |
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Client Market: |
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Energy, environment, infrastructure, and disaster recovery |
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$ |
248,004 |
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|
52 |
% |
|
$ |
232,763 |
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|
46 |
% |
|
$ |
486,700 |
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|
51 |
% |
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$ |
457,572 |
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|
46 |
% |
Health and social programs |
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|
159,068 |
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|
33 |
% |
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|
196,164 |
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|
38 |
% |
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|
327,966 |
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|
34 |
% |
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|
386,939 |
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|
38 |
% |
Security and other civilian & commercial |
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|
69,083 |
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|
15 |
% |
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|
83,102 |
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|
16 |
% |
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|
149,107 |
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|
15 |
% |
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|
161,954 |
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|
|
16 |
% |
Total |
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$ |
476,155 |
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|
|
100 |
% |
|
$ |
512,029 |
|
|
|
100 |
% |
|
$ |
963,773 |
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|
|
100 |
% |
|
$ |
1,006,465 |
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|
100 |
% |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2025 |
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|
2024 |
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|
2025 |
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|
2024 |
|
|
|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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Client Type: |
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U.S. federal government |
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$ |
204,680 |
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|
43 |
% |
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$ |
273,471 |
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|
53 |
% |
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$ |
444,305 |
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|
46 |
% |
|
$ |
547,666 |
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|
55 |
% |
U.S. state and local government |
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|
85,650 |
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|
18 |
% |
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|
84,786 |
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|
17 |
% |
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|
162,492 |
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17 |
% |
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|
161,739 |
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|
16 |
% |
International government |
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|
29,260 |
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6 |
% |
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|
28,696 |
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6 |
% |
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|
56,336 |
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6 |
% |
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|
53,959 |
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|
5 |
% |
Total Government |
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|
319,590 |
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|
67 |
% |
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|
386,953 |
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|
76 |
% |
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|
663,133 |
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|
|
69 |
% |
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|
763,364 |
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|
76 |
% |
Commercial |
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|
156,565 |
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|
33 |
% |
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|
125,076 |
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|
24 |
% |
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|
300,640 |
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|
31 |
% |
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|
243,101 |
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|
24 |
% |
Total |
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$ |
476,155 |
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|
|
100 |
% |
|
$ |
512,029 |
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|
|
100 |
% |
|
$ |
963,773 |
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|
|
100 |
% |
|
$ |
1,006,465 |
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|
|
100 |
% |
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Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
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|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
Dollars |
|
|
Percent |
|
|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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Contract Mix: |
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Time-and-materials |
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$ |
206,553 |
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|
43 |
% |
|
$ |
217,640 |
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|
|
43 |
% |
|
$ |
415,599 |
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|
|
43 |
% |
|
$ |
423,793 |
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|
|
42 |
% |
Fixed-price |
|
|
238,239 |
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|
50 |
% |
|
|
235,344 |
|
|
|
46 |
% |
|
|
476,306 |
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|
49 |
% |
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|
460,140 |
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|
|
46 |
% |
Cost-based |
|
|
31,363 |
|
|
|
7 |
% |
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|
59,045 |
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|
|
11 |
% |
|
|
71,868 |
|
|
|
8 |
% |
|
|
122,532 |
|
|
|
12 |
% |
Total |
|
$ |
476,155 |
|
|
|
100 |
% |
|
$ |
512,029 |
|
|
|
100 |
% |
|
$ |
963,773 |
|
|
|
100 |
% |
|
$ |
1,006,465 |
|
|
|
100 |
% |
|
| Schedule of Contract Assets and Liabilities |
The following table summarizes the contract assets and liabilities as of June 30, 2025 and December 31, 2024:
|
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|
June 30, 2025 |
|
|
December 31, 2024 |
|
Contract assets |
|
$ |
236,227 |
|
|
$ |
188,941 |
|
Contract liabilities |
|
|
(23,913 |
) |
|
|
(24,580 |
) |
Net contract assets (liabilities) |
|
$ |
212,314 |
|
|
$ |
164,361 |
|
|