--- title: "Hackett | 8-K: FY2026 Q2 Revenue: USD 69.33 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294873328.md" datetime: "2026-08-04T21:08:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294873328.md) - [en](https://longbridge.com/en/news/294873328.md) - [zh-HK](https://longbridge.com/zh-HK/news/294873328.md) generator: "portal-rs" --- # Hackett | 8-K: FY2026 Q2 Revenue: USD 69.33 M Revenue: As of FY2026 Q2, the actual value is USD 69.33 M. EPS: As of FY2026 Q2, the actual value is USD 0.18, missing the estimate of USD 0.2267. EBIT: As of FY2026 Q2, the actual value is USD 7.712 M. ### Second Quarter 2026 Financial Highlights #### Revenue Total revenue for The Hackett Group, Inc. in the second quarter of 2026 was $69,328 thousand, compared to $78,899 thousand in the second quarter of 2025. Revenue before reimbursements was $68,342 thousand in the second quarter of 2026, down from $77,629 thousand in the second quarter of 2025. #### Operating Performance Net income for the second quarter of 2026 was $4,409 thousand, significantly higher than $1,661 thousand in the second quarter of 2025. Operating income for the second quarter of 2026 was $7,712 thousand, an increase from $4,595 thousand in the second quarter of 2025. Total costs and operating expenses were $61,616 thousand in the second quarter of 2026, compared to $74,304 thousand in the second quarter of 2025. Restructuring costs were $492 thousand in the second quarter of 2026, with no such costs reported in the second quarter of 2025. Interest expense, net, was -$1,211 thousand in the second quarter of 2026, compared to -$366 thousand in the second quarter of 2025. #### Cash Flow and Liquidity Cash flows provided by operating activities were $15,160 thousand in the second quarter of 2026. The Hackett Group, Inc. reduced its net debt position by $6.1 million during the second quarter of 2026. The company bought back $4.0 million of its stock and paid dividends of $3.0 million in the second quarter of 2026. Cash balances were $14,162 thousand as of June 26, 2026, down from $18,197 thousand as of December 27, 2025. The outstanding amount on the company’s credit facility was $81,000 thousand as of June 26, 2026. The company had $18,106 thousand available under its share repurchase plan as of June 26, 2026. Capital expenditures were $2,575 thousand for the second quarter of 2026. Depreciation expense was $1,148 thousand and amortization expense was $299 thousand for the second quarter of 2026. #### Segment Contributions (Revenue before reimbursements, Cost of Sales, Gross Margin, Selling, General and Administrative Costs, Segment Contribution) - **Global S&BT:** Revenue before reimbursements was $35,589 thousand in Q2 2026, down from $43,611 thousand in Q2 2025. Cost of sales was $19,051 thousand in Q2 2026, compared to $22,760 thousand in Q2 2025. Gross margin was $16,538 thousand in Q2 2026, versus $20,851 thousand in Q2 2025. Selling, general and administrative costs were $7,437 thousand in Q2 2026, compared to $7,863 thousand in Q2 2025. Segment contribution was $9,101 thousand in Q2 2026, down from $12,988 thousand in Q2 2025. - **Oracle Solutions:** Revenue before reimbursements was $15,317 thousand in Q2 2026, down from $20,494 thousand in Q2 2025. Cost of sales was $9,551 thousand in Q2 2026, compared to $13,931 thousand in Q2 2025. Gross margin was $5,766 thousand in Q2 2026, versus $6,563 thousand in Q2 2025. Selling, general and administrative costs were $1,575 thousand in Q2 2026, compared to $2,112 thousand in Q2 2025. Segment contribution was $4,191 thousand in Q2 2026, down from $4,451 thousand in Q2 2025. - **SAP Solutions:** Revenue before reimbursements was $17,436 thousand in Q2 2026, up from $13,524 thousand in Q2 2025. Cost of sales was $9,563 thousand in Q2 2026, compared to $7,713 thousand in Q2 2025. Gross margin was $7,873 thousand in Q2 2026, versus $5,811 thousand in Q2 2025. Selling, general and administrative costs were $2,285 thousand in Q2 2026, compared to $1,919 thousand in Q2 2025. Segment contribution was $5,588 thousand in Q2 2026, up from $3,892 thousand in Q2 2025. - **Total Segment Contribution:** Total segment contribution was $18,880 thousand in Q2 2026, compared to $21,331 thousand in Q2 2025. #### Other Metrics Consultant headcount was 1,211 as of June 26, 2026, down from 1,382 in Q2 2025. Total headcount was 1,491 as of June 26, 2026, down from 1,685 in Q2 2025. Days sales outstanding (DSO) was 56 days as of June 26, 2026, compared to 54 days in Q2 2025. ### Six Months Ended June 26, 2026 Financial Highlights #### Revenue Total revenue for the six months ended June 26, 2026, was $138,125 thousand, compared to $156,764 thousand for the same period in 2025. Revenue before reimbursements was $136,185 thousand for the six months ended June 26, 2026, down from $153,860 thousand for the same period in 2025. #### Operating Performance Net income for the six months ended June 26, 2026, was $8,690 thousand, up from $4,804 thousand for the same period in 2025. Operating income was $16,648 thousand for the six months ended June 26, 2026, compared to $8,998 thousand for the same period in 2025. Total costs and operating expenses were $121,477 thousand for the six months ended June 26, 2026, compared to $147,766 thousand for the same period in 2025. Restructuring costs were $2,448 thousand for the six months ended June 26, 2026, with no such costs reported for the same period in 2025. Interest expense, net, was -$2,219 thousand for the six months ended June 26, 2026, compared to -$568 thousand for the same period in 2025. ### Credit Facility Details The Hackett Group, Inc. entered into a Fourth Amended and Restated Credit Agreement on August 3, 2026, extending its revolving credit facility’s maturity date to August 3, 2031, and increasing its borrowing capacity by $25 million to an aggregate of $125 million. As of August 3, 2026, $81.0 million was outstanding under the Credit Facility. Interest rates for Term SOFR advances range from 1.375% to 2.250% per annum, with an initial margin of 1.625% per annum, while base rate advances range from 0.375% to 1.250% per annum, with an initial margin of 0.625% per annum. A commitment fee on unused commitments ranges from 0.125% to 0.375% per annum, with an initial level of 0.225% per annum. The total Revolving Commitment of all Lenders on the Restatement Date is $125,000,000, with a Letter of Credit Sublimit and Swingline Sublimit both set at the lesser of $10,000,000 and the Revolving Facility. The Hackett Group, Inc. may request an increase in the Revolving Facility by an amount not exceeding $25,000,000, with a minimum of $10,000,000 per request and increments of $5,000,000, up to a maximum of two such requests. A Foreign Sub-Facility of up to the Dollar Equivalent of $45,000,000 in Alternative Currencies (Euros and Sterling) is committed, and borrowings under this sub-facility will reduce availability under the Revolving Facility. ### Financial Covenants The Credit Agreement requires The Hackett Group, Inc. to maintain a consolidated fixed charge coverage ratio of at least 1.50 to 1.00 and a consolidated leverage ratio of not more than 3.50 to 1.00. For permitted acquisitions, the consolidated leverage ratio shall not be greater than 3.25 to 1.00, and available liquidity must be at least $10,000,000. For permitted foreign acquisitions, the consolidated leverage ratio shall not be greater than 2.75 to 1.00, and available liquidity must be at least $10,000,000. ### Other Financial Metrics and Thresholds Commercial banks for certain Cash Equivalents must have combined capital and surplus of at least $1,000,000,000. Non-recurring cash charges and pro forma cost savings/synergies shall not exceed 20% of Consolidated EBITDA in aggregate, and cash compensation expenses related to Earn-Out Obligations shall not exceed $5,000,000 during any Measurement Period. The Consolidated Leverage Ratio is calculated as Consolidated Funded Indebtedness minus Unrestricted Cash in excess of $5,000,000, divided by Consolidated EBITDA. Earn-Out Obligations are considered Indebtedness if payable in cash, not subordinated, and exceed $5,000,000 for a single acquisition or $10,000,000 in aggregate. Unsecured Indebtedness is limited to an aggregate principal amount not exceeding $1,000,000 at any time outstanding. Advances to officers, directors, and employees are limited to an aggregate amount not exceeding $500,000, while additional investments by Loan Parties in Wholly-Owned Subsidiaries that are not Loan Parties or the ZBrain JV Loan are limited to an aggregate amount not exceeding $7,500,000. Other Investments are limited to the greater of $3,000,000 or 5% of Consolidated EBITDA, plus certain amounts. Investments in Foreign Subsidiaries that are not Loan Parties are limited to the greater of $6,000,000 or 10% of Consolidated EBITDA. The aggregate net book value of all assets sold or disposed of shall not exceed $1,000,000 in any fiscal year. Capitalized Lease and Purchase Money Indebtedness shall not exceed $5,000,000 at any one time outstanding, and Indebtedness of Acquired Persons is limited to an aggregate principal amount not exceeding $5,000,000 outstanding at any one time. A threshold amount of $7,500,000 applies to certain default conditions related to Indebtedness, Swap Termination Value, and ERISA liabilities. Florida documentary stamp tax paid was $2,450.00. ### Outlook for the Third Quarter of 2026 The Hackett Group, Inc. estimates total revenue before reimbursements for the third quarter of 2026 to be in the range of $68.0 million to $70.0 million. The company anticipates sequential revenue growth and year-over-year adjusted EPS growth in the third quarter, driven by platform-led wins and demand for AI-enabled transformation services. 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