v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments
The tables below summarize revenues, significant expenses and gross profit by reportable segment:
Three Months Ended March 31, 2026Corporate
Finance
FLCEconomic
Consulting
TechnologyStrategic CommunicationsTotal
Revenues$409,502 $192,878 $175,648 $102,323 $102,994 $983,345 
Direct costs
Compensation expenses (1)
240,733 121,536 143,674 38,677 52,122 596,742 
Other segment items (2)
21,702 5,877 11,401 30,339 10,457 79,776 
262,435 127,413 155,075 69,016 62,579 676,518 
Segment gross profit$147,067 $65,465 $20,573 $33,307 $40,415 $306,827 
Three Months Ended March 31, 2025Corporate
Finance
FLCEconomic
Consulting
TechnologyStrategic CommunicationsTotal
Revenues$343,645 $190,602 $179,861 $97,156 $87,018 $898,282 
Direct costs
Compensation expenses (1)
210,418 110,878 129,105 37,131 45,479 533,011 
Other segment items (2)
21,154 7,083 9,340 27,127 11,213 75,917 
231,572 117,961 138,445 64,258 56,692 608,928 
Segment gross profit$112,073 $72,641 $41,416 $32,898 $30,326 $289,354 
(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Other segment items include expenses for contractor fees and other costs. In our Technology segment, other segment items also include expenses related to software, licensing, data storage and depreciation.
Schedule of Reconciliation of Net Income to Adjusted Segment Earnings Before Interest, Taxes, Depreciation and Amortization
The table below reconciles income before income tax provision to total segment gross profit:
Three Months Ended March 31,
20262025
Income before income tax provision$78,546 $80,581 
Add back:
Interest expense 6,445 968 
Interest income and other(1,074)(2,842)
Amortization of intangibles612 1,017 
Special charges— 25,295 
Selling, general and administrative expenses 222,298 184,335 
Total segment gross profit$306,827 $289,354