| 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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|
2026 |
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|
2025 |
|
|
2026 |
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|
2025 |
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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 |
|
$ |
251,112 |
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|
53 |
% |
|
$ |
248,504 |
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|
|
52 |
% |
|
$ |
483,031 |
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|
|
53 |
% |
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$ |
487,034 |
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|
51 |
% |
Health and social programs |
|
|
158,719 |
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|
33 |
% |
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|
158,625 |
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|
33 |
% |
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|
301,319 |
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|
33 |
% |
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|
328,059 |
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|
34 |
% |
Security and other civilian & commercial |
|
|
64,664 |
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|
14 |
% |
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|
69,026 |
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|
15 |
% |
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|
127,645 |
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|
|
14 |
% |
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|
148,680 |
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|
|
15 |
% |
Total |
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$ |
474,495 |
|
|
|
100 |
% |
|
$ |
476,155 |
|
|
|
100 |
% |
|
$ |
911,995 |
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|
|
100 |
% |
|
$ |
963,773 |
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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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|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
|
|
Dollars |
|
|
Percent |
|
|
Dollars |
|
|
Percent |
|
|
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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$ |
184,913 |
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|
39 |
% |
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$ |
204,389 |
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|
43 |
% |
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$ |
367,356 |
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|
|
40 |
% |
|
$ |
443,551 |
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|
46 |
% |
U.S. state and local government |
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|
84,049 |
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|
18 |
% |
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|
85,682 |
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|
18 |
% |
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|
161,097 |
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|
18 |
% |
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|
162,793 |
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|
17 |
% |
International government |
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|
39,521 |
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|
8 |
% |
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|
29,259 |
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|
6 |
% |
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|
71,347 |
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|
8 |
% |
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|
56,348 |
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|
|
6 |
% |
Total Government |
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|
308,483 |
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|
|
65 |
% |
|
|
319,330 |
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|
|
67 |
% |
|
|
599,800 |
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|
|
66 |
% |
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|
662,692 |
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|
|
69 |
% |
Commercial |
|
|
166,012 |
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|
35 |
% |
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|
156,825 |
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|
33 |
% |
|
|
312,195 |
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|
|
34 |
% |
|
|
301,081 |
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|
|
31 |
% |
Total |
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$ |
474,495 |
|
|
|
100 |
% |
|
$ |
476,155 |
|
|
|
100 |
% |
|
$ |
911,995 |
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|
|
100 |
% |
|
$ |
963,773 |
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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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|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
|
|
Dollars |
|
|
Percent |
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|
Dollars |
|
|
Percent |
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Contract Mix: |
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Time-and-materials |
|
$ |
202,311 |
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|
43 |
% |
|
$ |
206,710 |
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|
|
43 |
% |
|
$ |
394,296 |
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|
|
43 |
% |
|
$ |
415,702 |
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|
|
43 |
% |
Fixed-price |
|
|
245,423 |
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|
|
52 |
% |
|
|
238,456 |
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|
|
50 |
% |
|
|
459,168 |
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|
|
50 |
% |
|
|
476,577 |
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|
50 |
% |
Cost-based |
|
|
26,761 |
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|
|
5 |
% |
|
|
30,989 |
|
|
|
7 |
% |
|
|
58,531 |
|
|
|
7 |
% |
|
|
71,494 |
|
|
|
7 |
% |
Total |
|
$ |
474,495 |
|
|
|
100 |
% |
|
$ |
476,155 |
|
|
|
100 |
% |
|
$ |
911,995 |
|
|
|
100 |
% |
|
$ |
963,773 |
|
|
|
100 |
% |
|
| Schedule of Contract Assets and Liabilities and Changes in Contract Balances |
The following table summarizes the contract assets and liabilities as of June 30, 2026 and December 31, 2025:
|
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|
Financial Statement Classification |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
$ Change |
|
Contract assets |
|
Contract assets |
|
$ |
196,075 |
|
|
$ |
186,684 |
|
|
$ |
9,391 |
|
Contract liabilities - current |
|
Contract liabilities |
|
|
(45,717 |
) |
|
|
(43,444 |
) |
|
|
(2,273 |
) |
Contract liabilities - non-current |
|
Other long-term liabilities |
|
|
(5,086 |
) |
|
|
(3,043 |
) |
|
|
(2,043 |
) |
Net contract assets (liabilities) |
|
|
|
$ |
145,272 |
|
|
$ |
140,197 |
|
|
$ |
5,075 |
|
|