FTI Consulting, Inc. reported its financial results for the second quarter of 2025, revealing a slight decline in revenues and net income compared to the same period in 2024. For the three months ended June 30, 2025, the company generated revenues of $943.7 million, a decrease of $5.5 million, or 0.6%, from $949.2 million in the prior year. Net income for the quarter was $71.7 million, down 14.6% from $83.9 million in the same quarter last year. The earnings per share (EPS) also fell to $2.13 from $2.34, reflecting the overall decline in profitability.
The decrease in revenue was attributed to lower performance in the Economic Consulting and Technology segments, which was partially offset by growth in Corporate Finance, Forensic and Litigation Consulting (FLC), and Strategic Communications. Specifically, Economic Consulting revenues dropped by 17% to $191.7 million, while Technology revenues fell by 27.9% to $83.6 million. In contrast, Corporate Finance revenues increased by 9% to $379.2 million, driven by higher demand for restructuring and transaction services.
Operationally, FTI Consulting's total employee count decreased to 7,907 as of June 30, 2025, down from 8,037 a year earlier, reflecting a strategic realignment of its workforce. The company also reported a decrease in days sales outstanding (DSO) to 100 days from 105 days, indicating improved efficiency in revenue collection. However, the company faced challenges with cash flow, reporting a net cash outflow from operating activities of $409.5 million for the first half of 2025, compared to an outflow of $139.6 million in the same period of 2024.
In terms of strategic developments, FTI Consulting continued its stock repurchase program, spending $354 million on share buybacks during the second quarter. The company had $309.3 million remaining under its repurchase authorization as of June 30, 2025. Looking ahead, FTI Consulting anticipates that its cash flows from operations, supplemented by borrowings under its credit facility, will be sufficient to meet its cash needs for at least the next 12 months. However, the company acknowledged potential risks that could impact its financial performance, including changes in demand for its services and economic conditions.
About FTI CONSULTING, INC
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