CRA International Reports Q3 Revenue Up 10.8% to $185.9 Million
Charles River Associates $(CRAI)$ reported financial results for the third quarter of fiscal 2025, ending September 27, 2025. Revenue increased by 10.8% year over year to $185.9 million. Seven out of eleven practices reported year-over-year growth, with Antitrust & Competition Economics, Energy, Finance, and Intellectual Property practices each achieving double-digit revenue growth. North American operations increased revenue by 6.8%, while international operations grew by 30.3% year over year. For the first three quarters of fiscal 2025, CRA generated total revenue of $552.1 million and non-GAAP EBITDA of $71.8 million, resulting in a margin of 13.0%. The company raised its full-year fiscal 2025 revenue guidance to a range of $740.0 million to $748.0 million, compared to the prior range of $730.0 million to $745.0 million. Non-GAAP EBITDA margin guidance was updated to a range of 12.6% to 13.0%, compared to the previous range of 12.3% to 13.0%. The fiscal year ends on January 3, 2026, and includes a 14th week in the fourth quarter. CRA also announced a 16% increase in its quarterly cash dividend.
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