The Hackett Group, Inc. reported a total revenue of $68.8 million for the first quarter of 2026, a decline of 11.6% from $77.9 million in the same period of 2025. The decrease was attributed to elongated client decision cycles and a reduction in revenue from its Global Strategy & Business Transformation (Global S&BT) and Oracle Solutions segments. The company’s net income for the quarter was $4.3 million, up from $3.1 million a year earlier, resulting in a diluted earnings per share of $0.17 compared to $0.11 in the prior year.
In terms of operational performance, the Global S&BT segment generated $36.8 million in revenue, down from $43.4 million, while Oracle Solutions revenue fell to $15.7 million from $21.1 million. Conversely, the SAP Solutions segment saw an increase in revenue to $16.3 million from $13.4 million, driven by higher implementation services linked to software sales. The company’s total costs and operating expenses decreased to $59.9 million from $73.5 million, primarily due to a reduction in personnel costs and selling, general, and administrative expenses.
The Hackett Group has also made strategic moves, including the acquisition of Spend Matters LLC in May 2025, which has contributed to its capabilities in procurement and supply chain sectors. The company continues to focus on its Gen AI delivery platforms, which are expected to enhance its consulting services. As of March 27, 2026, the company had a total of 62.2 million shares outstanding, with a treasury stock of 37 million shares.
The company’s cash position has significantly decreased, with cash on hand at $6.1 million compared to $18.2 million at the end of the previous fiscal year. Hackett's outstanding debt increased to $79 million, reflecting a drawdown on its credit facility. The company anticipates that its available funds and cash flows will be sufficient to meet its working capital needs for at least the next twelve months. However, it remains cautious about potential economic downturns that could impact client demand for its services.
About HACKETT GROUP, INC.
The Hackett Group is a global consulting firm specializing in digital transformation, enterprise performance improvement, and strategic advisory services. It leverages proprietary benchmarking, best practices, and AI-driven platforms to help clients optimize operations across finance, HR, IT, procurement, and supply chain. The company focuses on leveraging intellectual property, digital platforms, and emerging Gen AI technologies to deliver measurable, sustainable performance enhancements for large, sophisticated organizations worldwide.
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