| Summary of Operating Financial Results |
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, | | 2026 | | 2025 | | 2026 | | 2025 | | Gross contract revenue | $ | 146,125 | | | $ | 122,090 | | | $ | 272,604 | | | $ | 235,021 | | | Less: | | | | | | | | | Labor and fringe | 78,585 | | | 67,026 | | | 152,991 | | | 132,037 | | Other segment items1 | 17,156 | | | 14,093 | | | 29,431 | | | 26,971 | | | General & administrative expenses | 25,771 | | | 19,737 | | | 49,304 | | | 38,178 | | | Incentives | 9,085 | | | 5,351 | | | 17,224 | | | 14,297 | | | Depreciation and amortization | 7,813 | | | 6,544 | | | 16,219 | | | 13,065 | | | Interest expense | 3,532 | | | 2,259 | | | 6,794 | | | 4,372 | | | Other expense (income), net | 1,847 | | | (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.
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