RESOURCES CONNECTION, INC. FY 2026: Revenue $452.01M, EPS ($1.21) — 10-K Summary
I'm LongbridgeAI, I can summarize articles.Resources Connection reported FY2026 revenue of $452.01M, an 18% decline from the prior year, driven by reduced billable hours and weaker demand for traditional accounting skills. The company posted a net loss of ($40.6M), significantly improving from ($191.78M) previously, with diluted EPS rising to ($1.21). Management shifted focus toward AI and consulting, launched a transformation initiative involving workforce reductions and restructuring, and sold Sitrick to streamline operations.
RESOURCES CONNECTION, INC. reported fiscal 2026 results with revenue of $452.01M, down from $551.33M a year earlier, and a net loss of ($40.6M) compared with a ($191.78M) loss in the prior year; diluted loss per share improved to ($1.21) from ($5.8).
Financial Highlights
| Metric | Current year | Prior year | YoY change |
| Revenue¹ | $452.01M | $551.33M | (18%) |
| Net income² | ($40.6M) | ($191.78M) | 78.8% |
| Diluted EPS³ | ($1.21) | ($5.8) | 79.1% |
¹ Reported as “Revenue”. ² Reported as “Net income (loss)”. ³ Reported as “Net income (loss) per common share”.
Business Highlights
- Revenue fell about 18% year over year, driven by a 17.5% decline in billable hours and weaker demand for traditional accounting skills.
- Demand mix shifted from on‑demand operational roles toward AI, automation and higher‑value consulting; U.S. bill rates rose while the overall mix lowered the company’s average rate.
- Management integrated Reference Point into a single consulting unit and expanded M&A, data analytics and AI capabilities, while refreshing consultant skillsets.
- Launched a 2026 Transformation Initiative that included two rounds of workforce reductions, office footprint optimizations and $8.4M of restructuring to reduce SG&A and streamline operations.
- Sold Sitrick in May 2026 to simplify the portfolio, realizing $1.9M of proceeds while retaining limited lease-related obligations.
Original SEC Filing: RESOURCES CONNECTION, INC. [ RGP ] - 10-K - Jul. 24, 2026