Revenue: As of FY2027, the actual value is USD 582.01 M, missing the estimate of USD 640.08 M.EPS: As of FY2027, the actual value is USD 2.07, missing the estimate of USD 2.5149.EBIT: As of FY2027, the actual value is USD 110.48 M.<h4>Total Revenues</h4>Total revenues for Exponent, Inc. were $582,014,000 in 2025, an increase of 4.2% compared to $558,514,000 in 2024.<h4>Engineering and Other Scientific Segment</h4><ul><li>Revenue: $493,893,000 in 2025, up 5.2% from $469,544,000 in 2024, accounting for 84.9% of total revenues in 2025.</li><li>Operating Income: $173,625,000 in 2025, a 5.3% increase from $164,883,000 in 2024.</li><li>Billable Hours: Decreased by 1% to 1,188,000 in 2025 from 1,199,000 in 2024.</li><li>Utilization: Decreased to 74% in 2025 from 75% in 2024.</li><li>Technical Full-Time Equivalent Employees: Increased by 2% to 771 in 2025 from 759 in 2024.</li><li>Compensation and Related Expenses: $230,326,000 in 2025, up from $223,395,000 in 2024.</li><li>Capital Expenditures: $5,341,000 in 2025, up from $3,257,000 in 2024.</li><li>Depreciation and Amortization: $7,344,000 in 2025, up from $6,833,000 in 2024.</li></ul><h4>Environmental and Health Segment</h4><ul><li>Revenue: $88,121,000 in 2025, a decrease of -1.0% from $88,970,000 in 2024, accounting for 15.1% of total revenues in 2025.</li><li>Operating Income: $30,558,000 in 2025, a 1.9% increase from $29,995,000 in 2024.</li><li>Billable Hours: Decreased by 5% to 280,000 in 2025 from 296,000 in 2024.</li><li>Utilization: Decreased to 66% in 2025 from 67% in 2024.</li><li>Technical Full-Time Equivalent Employees: Decreased by 3% to 202 in 2025 from 208 in 2024.</li><li>Compensation and Related Expenses: $47,767,000 in 2025, up from $47,600,000 in 2024.</li><li>Capital Expenditures: $238,000 in 2025, up from $77,000 in 2024.</li><li>Depreciation and Amortization: $201,000 in 2025, down from $206,000 in 2024.</li></ul><h4>Overall Operational Metrics</h4><ul><li>Net Income: $106,009,000 in 2025, a -2.7% decrease from $109,002,000 in 2024.</li><li>Operating Income: $119,787,000 in 2025, a 0.2% increase from $119,557,000 in 2024. The operating margin was 20.6% in 2025, down from 21.4% in 2024.</li><li>Compensation and Related Expenses (Total): $341,994,000 in 2025, a 3.6% increase from $330,011,000 in 2024. As a percentage of total revenues, it was 58.8% in 2025, compared to 59.1% in 2024.</li><li>Other Operating Expenses: $49,458,000 in 2025, a 7.1% increase from $46,196,000 in 2024. As a percentage of total revenues, it was 8.5% in 2025, compared to 8.3% in 2024.</li><li>Reimbursable Expenses: $45,254,000 in 2025, a 13.1% increase from $40,024,000 in 2024. As a percentage of total revenues, it was 7.8% in 2025, compared to 7.2% in 2024.</li><li>General and Administrative Expenses: $25,521,000 in 2025, a 12.3% increase from $22,726,000 in 2024. As a percentage of total revenues, it was 4.4% in 2025, compared to 4.1% in 2024.</li><li>Other Income, Net: $27,510,000 in 2025, a -1.1% decrease from $27,813,000 in 2024.</li><li>Effective Tax Rate: 28.0% in 2025, up from 26.0% in 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $131,730,000 in 2025, down from $144,537,000 in 2024.</li><li>Net Cash Used in Investing Activities: -$9,390,000 in 2025, compared to -$6,939,000 in 2024.</li><li>Net Cash Used in Financing Activities: -$160,428,000 in 2025, compared to -$65,108,000 in 2024.</li><li>Cash and Cash Equivalents: $221,930,000 as of January 2, 2026, down from $258,901,000 as of January 3, 2025.</li></ul><h4>Unique Metrics</h4><ul><li>Total Billable Hours: Decreased by 2% to 1,468,000 in 2025 from 1,495,000 in 2024.</li><li>Overall Utilization: Remained at 73% for both 2025 and 2024.</li><li>Total Technical Full-Time Equivalent Employees: Increased by 1% to 973 in 2025 from 967 in 2024.</li><li>EBITDA: $148,073,000 in 2025, up from $147,058,000 in 2024. EBITDA as a percentage of revenues before reimbursements decreased to 27.6% in 2025 from 28.4% in 2024.</li><li>EBITDAS: $171,868,000 in 2025, up from $170,297,000 in 2024.</li><li>Common Stock Repurchases: 1,354,000 shares for $97,807,000 in 2025, compared to 74,000 shares for $5,710,000 in 2024. As of January 2, 2026, $96,483,000 remained authorized for repurchases.</li><li>Cash Dividends Declared per Common Share: $1.20 in 2025, up from $1.12 in 2024.</li></ul><h4>Outlook / Guidance</h4>Exponent, Inc. anticipates increases in compensation expenses due to new talent acquisition and market adjustments, and expects other operating expenses to grow from continued investments in corporate infrastructure and staff development. The company plans ongoing investing activities, including capital expenditures, and may utilize cash reserves for stock repurchases, dividends, facility and equipment procurement, or strategic acquisitions.

Exponent | 10-K: FY2027 Revenue Misses Estimate at USD 582.01 M