v3.26.1
Segment
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Segment
The Company operates as a single business segment represented by our core business of providing multi-disciplinary professional engineering solutions to customers. The Company primarily derives its revenue from its core business of providing engineering and related professional services to customers. While we evaluate revenue and other key performance indicators relating to various divisions of labor, our leadership neither manages the business nor deliberately allocates resources by service line, geography, or end market. The Company derives the majority of its revenue from domestic customers, and has no significant long-lived assets located outside the United States. No single customer accounted for 10% or more of the Company’s total revenue during the period.
The Chief Operating Decision Maker (“CODM”) assesses performance for the Company and decides how to allocate resources based on significant expense categories that contribute to net income (loss), as outlined below. The CODM uses these varying results to prioritize the reinvestment of profits within the Company. These results are also used in assessing the Company’s performance and determining management’s compensation. The CODM does not review assets in evaluating the results of the Company, and therefore, such information is not presented.
The following tables provides the operating financial results of the Company for the three and six months ended June 30, 2026 and 2025:
(in thousands)Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Gross contract revenue$146,125 $122,090 $272,604 $235,021 
Less:
Labor and fringe78,585 67,026 152,991 132,037 
Other segment items1
17,156 14,093 29,431 26,971 
General & administrative expenses25,771 19,737 49,304 38,178 
Incentives9,085 5,351 17,224 14,297 
Depreciation and amortization7,813 6,544 16,219 13,065 
Interest expense3,532 2,259 6,794 4,372 
Other expense (income), net1,847 (328)1,601 (333)
Income tax (benefit) expense(159)1,399 247 2,169 
Net income (loss)$2,495 $6,009 $(1,207)$4,265 
1Other segment items included in net income (loss) consists primarily of sub-consultants and other direct expenses.