Resources Connection Financials
Resources Connection (RGP) reported $452.0M in revenue for fiscal year 2026, down 18.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A stable gross margin paired with sticky overhead turned a smaller revenue base into recurring operating losses.
From FY2024 to FY2026, revenue fell from$632.8M to$452.0M even as gross margin barely changed, a sign the core spread between billings and delivery cost held up better than demand. With SG&A still near$202M , the business lost fixed-cost absorption: a smaller top line could not cover overhead, which kept operating results negative even without a comparable collapse in service economics.
The FY2025 earnings hit did not drain cash the same way: despite net income of
Liquidity is still the buffer: cash of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Resources Connection's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Resources Connection has an operating margin of -8.5%, meaning the company loses $8 on every $100 of revenue. This results in a profitability score of 16/100. This is up from -35.7% the prior year.
Resources Connection's revenue declined 18.0% year-over-year, from $551.3M to $452.0M. This contraction results in a growth score of 7/100.
Resources Connection has a moderate D/E ratio of 0.52. This balance of debt and equity financing earns a leverage score of 59/100.
With a current ratio of 2.51, Resources Connection holds $2.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.
Resources Connection has a free cash flow margin of 0.1%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.
Resources Connection posts a -23.9% return on equity (ROE), meaning it loses $24 for every $100 of shareholders' equity. This results in a returns score of 11/100. This is up from -92.6% the prior year.
Resources Connection scores 1.80, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($146.4M) relative to total liabilities ($87.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Resources Connection passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Resources Connection reported a net loss of $40.6M while generating $1.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Resources Connection generated $452.0M in revenue in fiscal year 2026. This represents a decrease of 18.0% from the prior year.
Resources Connection's EBITDA was -$33.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 82.5% from the prior year.
Resources Connection reported -$40.6M in net income in fiscal year 2026. This represents an increase of 78.8% from the prior year.
Resources Connection earned -$1.21 per diluted share (EPS) in fiscal year 2026. This represents an increase of 79.1% from the prior year.
Cash & Balance Sheet
Resources Connection generated $619K in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 96.2% from the prior year.
Resources Connection held $82.4M in cash as of fiscal year 2026; long-term debt is not reported for that period.
Resources Connection paid $0.28 per share in dividends in fiscal year 2026. This represents a decrease of 42.9% from the prior year.
Margins & Returns
Resources Connection's gross margin was 37.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Resources Connection's operating margin was -8.5% in fiscal year 2026, reflecting core business profitability. This is up 27.2 percentage points from the prior year.
Resources Connection's net profit margin was -9.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 25.8 percentage points from the prior year.
Resources Connection's ROE was -23.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 68.7 percentage points from the prior year.
Capital Allocation
Resources Connection repurchased no shares in fiscal year 2026. This represents a decrease of 100.0% from the prior year.
Resources Connection invested $808K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 70.2% from the prior year.
Not reported for fiscal year 2026.
RGP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.1M-1.7% | $107.9M-8.3% | $117.7M-2.1% | $120.2M-13.7% | $139.3M+7.6% | $129.4M-11.1% | $145.6M+6.3% | $136.9M |
| Cost of Revenue | $66.2M-4.6% | $69.4M-6.3% | $74.0M+1.7% | $72.8M-12.7% | $83.4M-0.8% | $84.1M-6.1% | $89.5M+3.0% | $86.9M |
| Gross Profit | $39.9M+3.5% | $38.6M-11.7% | $43.7M-7.9% | $47.5M-15.2% | $56.0M+23.4% | $45.4M-19.1% | $56.1M+12.2% | $50.0M |
| SG&A Expenses | $54.6M+19.2% | $45.8M-15.7% | $54.4M+13.5% | $47.9M-5.3% | $50.6M-1.1% | $51.2M-0.2% | $51.3M+4.9% | $48.9M |
| Operating Income | -$15.8M-88.9% | -$8.3M+31.4% | -$12.2M-512.2% | -$2.0M+97.0% | -$65.5M-31.7% | -$49.7M+35.2% | -$76.7M-1497.6% | -$4.8M |
| Income Tax | $571K-18.0% | $696K-2.5% | $714K+49.7% | $477K-94.0% | $8.0M+242.6% | -$5.6M+27.7% | -$7.7M-833.6% | $1.1M |
| Net Income | -$16.1M-69.7% | -$9.5M+25.2% | -$12.7M-426.4% | -$2.4M+96.7% | -$73.3M-66.4% | -$44.1M+35.9% | -$68.7M-1104.0% | -$5.7M |
| EPS (Diluted) | -$0.47-67.9% | -$0.28+26.3% | -$0.38-442.9% | -$0.07+96.8% | -$2.22-65.7% | -$1.34+35.6% | -$2.08-1123.5% | -$0.17 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
RGP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $257.4M-6.1% | $274.1M-5.2% | $289.3M+0.7% | $287.2M-5.7% | $304.7M-18.9% | $375.6M-11.6% | $424.9M-17.2% | $512.9M |
| Current Assets | $169.6M-6.4% | $181.1M-6.3% | $193.2M+2.6% | $188.2M-7.6% | $203.7M+4.4% | $195.2M-3.2% | $201.7M-4.6% | $211.5M |
| Cash & Equivalents | $82.4M-0.5% | $82.8M-7.8% | $89.8M+15.9% | $77.5M-10.0% | $86.1M+18.8% | $72.5M-7.3% | $78.2M-12.8% | $89.6M |
| Accounts Receivable | $71.9M-9.3% | $79.3M-8.3% | $86.5M-7.6% | $93.6M-5.7% | $99.2M-1.9% | $101.1M-5.4% | $106.9M+0.4% | $106.5M |
| Goodwill | $28.8M0.0% | $28.8M0.0% | $28.8M0.0% | $28.8M0.0% | $28.8M-70.5% | $97.6M-30.1% | $139.6M-36.5% | $220.0M |
| Total Liabilities | $87.6M+0.2% | $87.4M-7.7% | $94.7M+17.1% | $80.9M-17.2% | $97.6M-0.2% | $97.8M-1.4% | $99.2M-6.1% | $105.7M |
| Current Liabilities | $67.5M+2.0% | $66.1M-9.6% | $73.1M+24.8% | $58.6M-22.3% | $75.4M+1.6% | $74.2M+0.8% | $73.6M-1.3% | $74.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Total Equity | $169.8M-9.1% | $186.7M-4.1% | $194.6M-5.7% | $206.4M-0.3% | $207.1M-25.5% | $277.8M-14.7% | $325.7M-20.0% | $407.2M |
| Retained Earnings | -$174.3M-12.0% | -$155.5M-9.8% | -$141.7M-11.7% | -$126.9M-4.4% | -$121.6M-164.9% | -$45.9M-1207.1% | $4.1M-94.7% | $78.0M |
Not reported in any period shown, so not listed: Inventory.
RGP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M+124.0% | -$8.7M-154.9% | $15.9M+302.9% | -$7.8M-146.8% | $16.8M+2441.7% | $659K-63.4% | $1.8M+682.2% | -$309K |
| Capital Expenditures | $265K+162.4% | $101K-68.5% | $321K+165.3% | $121K-57.7% | $286K-32.1% | $421K-75.8% | $1.7M+553.4% | $266K |
| Free Cash Flow | $1.8M+120.7% | -$8.8M-156.7% | $15.6M+295.8% | -$8.0M-148.3% | $16.5M+6817.6% | $238K+290.2% | $61K+110.6% | -$575K |
| Investing Cash Flow | $1.6M+1704.0% | -$101K+68.5% | -$321K-165.3% | -$121K+75.2% | -$488K-15.9% | -$421K+75.8% | -$1.7M+84.1% | -$10.9M |
| Financing Cash Flow | -$2.4M-96.6% | -$1.2M+48.6% | -$2.4M-52.2% | -$1.6M+66.3% | -$4.6M+19.6% | -$5.7M+40.8% | -$9.7M-26.1% | -$7.7M |
| Dividends Paid | $2.4M+1.8% | $2.4M+0.6% | $2.3M+0.9% | $2.3M-50.0% | $4.6M0.0% | $4.6M-1.2% | $4.7M-0.2% | $4.7M |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | -$15K-99.5% | $3.0M-39.8% | $5.0M0.0% | $5.0M |
RGP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.6%+1.9pp | 35.7%-1.4pp | 37.1%-2.4pp | 39.5%-0.7pp | 40.2%+5.1pp | 35.0%-3.5pp | 38.5%+2.0pp | 36.5% |
| Operating Margin | -14.8%-7.1pp | -7.7%+2.6pp | -10.3%-8.7pp | -1.7%+45.4pp | -47.0%-8.6pp | -38.4%+14.3pp | -52.7%-49.2pp | -3.5% |
| Net Margin | -15.1%-6.4pp | -8.8%+2.0pp | -10.8%-8.8pp | -2.0%+50.6pp | -52.6%-18.6pp | -34.0%+13.2pp | -47.2%-43.0pp | -4.2% |
| Return on Equity | -9.5%-4.4pp | -5.1%+1.4pp | -6.5%-5.3pp | -1.2%+34.2pp | -35.4%-19.5pp | -15.9%+5.2pp | -21.1%-19.7pp | -1.4% |
| Return on Assets | -6.2%-2.8pp | -3.5%+0.9pp | -4.4%-3.5pp | -0.8%+23.2pp | -24.1%-12.3pp | -11.7%+4.4pp | -16.2%-15.1pp | -1.1% |
| Current Ratio | 2.51-0.2x | 2.74+0.1x | 2.64-0.6x | 3.21+0.5x | 2.70+0.1x | 2.63-0.1x | 2.74-0.1x | 2.84 |
| Debt-to-Equity | 0.520.0x | 0.470.0x | 0.49+0.1x | 0.39+0.4x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
| FCF Margin | 1.7%+9.9pp | -8.2%-21.4pp | 13.2%+19.8pp | -6.6%-18.4pp | 11.8%+11.6pp | 0.2%+0.1pp | 0.0%+0.5pp | -0.4% |
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Where Resources Connection Ranks
Frequently Asked Questions
What is Resources Connection's annual revenue?
Resources Connection (RGP) reported $452.0M in total revenue for fiscal year 2026. This represents a -18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Resources Connection's revenue growing?
Resources Connection (RGP) revenue declined by 18.0% year-over-year, from $551.3M to $452.0M in fiscal year 2026.
Is Resources Connection profitable?
No, Resources Connection (RGP) reported a net income of -$40.6M in fiscal year 2026, with a net profit margin of -9.0%.
What is Resources Connection's EBITDA?
Resources Connection (RGP) had EBITDA of -$33.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Resources Connection's gross margin?
Resources Connection (RGP) had a gross margin of 37.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Resources Connection's operating margin?
Resources Connection (RGP) had an operating margin of -8.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Resources Connection's net profit margin?
Resources Connection (RGP) had a net profit margin of -9.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Resources Connection pay dividends?
Yes, Resources Connection (RGP) paid $0.28 per share in dividends during fiscal year 2026.
What is Resources Connection's return on equity (ROE)?
Resources Connection (RGP) has a return on equity of -23.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Resources Connection's free cash flow?
Resources Connection (RGP) generated $619K in free cash flow during fiscal year 2026. This represents a -96.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Resources Connection's operating cash flow?
Resources Connection (RGP) generated $1.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Resources Connection's total assets?
Resources Connection (RGP) had $257.4M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Resources Connection's capital expenditures?
Resources Connection (RGP) invested $808K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Resources Connection's current ratio?
Resources Connection (RGP) had a current ratio of 2.51 as of fiscal year 2026, which is generally considered healthy.
What is Resources Connection's debt-to-equity ratio?
Resources Connection (RGP) had a debt-to-equity ratio of 0.52 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Resources Connection's return on assets (ROA)?
Resources Connection (RGP) had a return on assets of -15.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Resources Connection's Altman Z-Score?
Resources Connection (RGP) has an Altman Z-Score of 1.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Resources Connection's Piotroski F-Score?
Resources Connection (RGP) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Resources Connection's earnings high quality?
Resources Connection (RGP) reported a net loss of $40.6M while generating $1.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Resources Connection?
Resources Connection (RGP) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.