Huron Consulting Group Inc. reported its financial results for the second quarter of 2025, revealing total revenues of $411.8 million, a 8.1% increase from $381.0 million in the same period last year. Revenues before reimbursable expenses rose to $402.5 million, up from $371.7 million, driven by strong demand in its Digital capabilities within the Commercial and Education segments, as well as Consulting and Managed Services in Healthcare and Education. However, net income fell to $19.4 million, or $1.09 per diluted share, compared to $37.5 million, or $2.03 per diluted share, in the prior year, largely due to an $8.2 million non-cash impairment charge related to a convertible debt investment.
The company experienced a notable increase in operating expenses, which rose by 13.8% to $366.1 million, primarily due to higher direct costs associated with increased compensation for revenue-generating professionals and contractor expenses. The operating income for the quarter was $45.7 million, down from $59.4 million in the previous year, reflecting a decrease in operating margin from 16.0% to 11.3%. The decline in profitability was also influenced by a significant reduction in other gains, which fell from $15.9 million in Q2 2024 to just $0.1 million in Q2 2025.
Huron's strategic developments included several acquisitions aimed at enhancing its service offerings. The company acquired Advancement Resources and Halpin Partnership Limited in March 2025, and Eclipse Insights in June 2025, which are expected to bolster its capabilities in the Education and Healthcare segments. The total number of revenue-generating professionals increased by 7.8% to 4,963, reflecting the company's efforts to expand its workforce in response to growing demand.
Looking ahead, Huron's management expressed optimism about future growth, particularly in its Digital capabilities and the expansion of its service offerings across various sectors. The company anticipates continued demand for its services, although it remains cautious about potential fluctuations in market conditions. Huron's strong balance sheet, with cash and cash equivalents of $61.0 million as of June 30, 2025, positions it well for future investments and strategic initiatives, including share repurchases, which totaled $133.9 million in the first half of 2025.
About Huron Consulting Group Inc.
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