FTI Consulting, Inc. reported a revenue increase of 9.5% for the first quarter of 2026, reaching $983.3 million compared to $898.3 million in the same period of 2025. The growth was primarily driven by higher revenues in the Corporate Finance, Strategic Communications, and Technology segments, although it was partially offset by a decline in the Economic Consulting segment. The company’s net income for the quarter was $57.6 million, a decrease of 6.8% from $61.8 million year-over-year, attributed to increased direct costs, higher selling, general and administrative expenses, and a rise in interest expenses.
In terms of operational metrics, FTI Consulting's total employee headcount rose to 8,170, up from 8,105 in the previous year. The company also reported a decrease in cash used in operating activities, which fell by 33.4% to $310.0 million, compared to $465.2 million in the first quarter of 2025. Days sales outstanding (DSO) improved slightly to 98 days from 100 days, indicating a marginally more efficient collection process.
The company did not incur any special charges in the first quarter of 2026, contrasting with $25.3 million in special charges recorded in the same quarter of the previous year related to workforce realignment. This absence of special charges contributed to a more favorable comparison of operating income, which increased to $83.9 million from $78.7 million in the prior year. However, adjusted EBITDA decreased by 15.9% to $96.8 million, reflecting the impact of rising costs that outpaced revenue growth.
Geographically, FTI Consulting continues to expand its presence, with significant contributions from its Corporate Finance segment, which saw revenues increase by 19.2% to $409.5 million. The Technology segment also reported a 5.3% increase in revenues, reaching $102.3 million. Despite the overall growth, the Economic Consulting segment experienced a revenue decline of 2.3%, attributed to lower demand for certain services.
Looking ahead, FTI Consulting remains focused on leveraging its diverse service offerings to navigate market conditions and capitalize on growth opportunities. The company has $364.9 million remaining under its stock repurchase program, indicating a commitment to returning value to shareholders while maintaining a strong liquidity position with $198.3 million in cash and cash equivalents as of March 31, 2026.
About FTI CONSULTING, INC
FTI Consulting is a global business advisory firm providing services in corporate finance, restructuring, litigation, economic analysis, technology, and strategic communications. It helps clients manage risk, navigate complex legal and regulatory environments, resolve disputes, and execute strategic transactions. Serving Fortune 500 companies, law firms, governments, and private equity firms worldwide, it offers expert advice, data analytics, and reputation management across diverse industries.
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