Resources Connection Financials
This page shows Resources Connection (RGP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
FY2025's dominant mechanic was a non-cash balance-sheet reset overwhelming a still cash-generating, debt-free operating model.
The FY2025 loss looks driven less by day-to-day cash burn than by a non-cash balance-sheet reset, because goodwill fell from$216.6M to$28.8M . At the same time, operating cash flow remained positive at$18.9M , so the sharp statutory loss and the actual cash engine moved in opposite directions.
Revenue pressure mattered, but the deeper mechanic was operating deleverage: sales fell to
Liquidity is still shaped by a net-cash balance sheet: cash ended FY2025 at
Financial Health Signals
Scored against operating companies for FY2025. 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 -35.7%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is down from 4.5% the prior year.
Resources Connection's revenue declined 12.9% year-over-year, from $632.8M to $551.3M. This contraction results in a growth score of 7/100.
Resources Connection carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.70, Resources Connection holds $2.70 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Resources Connection has a free cash flow margin of 2.9%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Resources Connection generates a -92.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 5.0% the prior year.
Resources Connection scores 0.62, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($162.0M) relative to total liabilities ($97.6M). 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 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Resources Connection generates $-0.10 in operating cash flow ($18.9M OCF vs -$191.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Resources Connection generated $551.3M in revenue in fiscal year 2025. This represents a decrease of 12.9% from the prior year.
Resources Connection's EBITDA was -$189.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 608.0% from the prior year.
Resources Connection reported -$191.8M in net income in fiscal year 2025. This represents a decrease of 1011.8% from the prior year.
Resources Connection earned $-5.80 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1035.5% from the prior year.
Cash & Balance Sheet
Resources Connection generated $16.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.1% from the prior year.
Resources Connection held $86.1M in cash against $0 in long-term debt as of fiscal year 2025.
Resources Connection paid $0.49 per share in dividends in fiscal year 2025. This represents a decrease of 12.5% from the prior year.
Resources Connection had 33M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
Margins & Returns
Resources Connection's gross margin was 37.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Resources Connection's operating margin was -35.7% in fiscal year 2025, reflecting core business profitability. This is down 40.2 percentage points from the prior year.
Resources Connection's net profit margin was -34.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 38.1 percentage points from the prior year.
Resources Connection's ROE was -92.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 97.6 percentage points from the prior year.
Capital Allocation
Resources Connection spent $13.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 62.5% from the prior year.
Resources Connection invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 137.2% from the prior year.
RGP Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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-7.6% | $148.2M |
| Cost of Revenue | $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-1.9% | $88.6M |
| Gross Profit | $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-16.1% | $59.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $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+5.5% | $46.4M |
| Operating Income | -$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-142.6% | $11.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $696K-2.5% | $714K+49.7% | $477K-94.0% | $8.0M+242.6% | -$5.6M+27.7% | -$7.7M-833.6% | $1.1M+2.3% | $1.0M |
| Net Income | -$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-154.5% | $10.5M |
| EPS (Diluted) | $-0.28+26.3% | $-0.38-442.9% | $-0.07 | N/A | $-1.34+35.6% | $-2.08-1123.5% | $-0.17 | N/A |
RGP Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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+0.4% | $510.9M |
| Current Assets | $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-12.2% | $240.8M |
| Cash & Equivalents | $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-17.7% | $108.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $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-1.9% | $108.5M |
| Goodwill | $28.8M0.0% | $28.8M0.0% | $28.8M0.0% | $28.8M-70.5% | $97.6M-30.1% | $139.6M-36.5% | $220.0M+1.6% | $216.6M |
| Total Liabilities | $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+14.7% | $92.2M |
| Current Liabilities | $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+3.0% | $72.4M |
| Long-Term Debt | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $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-2.8% | $418.8M |
| Retained Earnings | -$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-11.9% | $88.6M |
RGP Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.7M-154.9% | $15.9M+302.9% | -$7.8M-146.8% | $16.8M+2441.7% | $659K-63.4% | $1.8M+682.2% | -$309K-109.8% | $3.2M |
| Capital Expenditures | $101K-68.5% | $321K+165.3% | $121K-57.7% | $286K-32.1% | $421K-75.8% | $1.7M+553.4% | $266K+118.0% | $122K |
| Free Cash Flow | -$8.8M-156.7% | $15.6M+295.8% | -$8.0M-148.3% | $16.5M+6817.6% | $238K+290.2% | $61K+110.6% | -$575K-118.9% | $3.0M |
| Investing Cash Flow | -$101K+68.5% | -$321K-165.3% | -$121K+75.2% | -$488K-15.9% | -$421K+75.8% | -$1.7M+84.1% | -$10.9M-8854.1% | -$122K |
| Financing Cash Flow | -$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+0.6% | -$7.7M |
| Dividends Paid | $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-0.8% | $4.7M |
| Share Buybacks | $0 | $0 | $0+100.0% | -$15K-100.5% | $3.0M-39.8% | $5.0M0.0% | $5.0M+66.7% | $3.0M |
RGP Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 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%-3.7pp | 40.2% |
| Operating Margin | -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%-11.1pp | 7.6% |
| Net Margin | -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%-11.2pp | 7.1% |
| Return on Equity | -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%-3.9pp | 2.5% |
| Return on Assets | -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%-3.2pp | 2.1% |
| Current Ratio | 2.74+0.1 | 2.64-0.6 | 3.21+0.5 | 2.70+0.1 | 2.63-0.1 | 2.74-0.1 | 2.84-0.5 | 3.32 |
| Debt-to-Equity | 0.47-0.0 | 0.49+0.1 | 0.39+0.4 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | -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%-2.5pp | 2.1% |
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Frequently Asked Questions
What is Resources Connection's annual revenue?
Resources Connection (RGP) reported $551.3M in total revenue for fiscal year 2025. This represents a -12.9% 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 12.9% year-over-year, from $632.8M to $551.3M in fiscal year 2025.
Is Resources Connection profitable?
No, Resources Connection (RGP) reported a net income of -$191.8M in fiscal year 2025, with a net profit margin of -34.8%.
What is Resources Connection's EBITDA?
Resources Connection (RGP) had EBITDA of -$189.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Resources Connection have?
As of fiscal year 2025, Resources Connection (RGP) had $86.1M in cash and equivalents against $0 in long-term debt.
What is Resources Connection's gross margin?
Resources Connection (RGP) had a gross margin of 37.6% in fiscal year 2025, 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 -35.7% in fiscal year 2025, 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 -34.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Resources Connection pay dividends?
Yes, Resources Connection (RGP) paid $0.49 per share in dividends during fiscal year 2025.
What is Resources Connection's return on equity (ROE)?
Resources Connection (RGP) has a return on equity of -92.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Resources Connection's free cash flow?
Resources Connection (RGP) generated $16.2M in free cash flow during fiscal year 2025. This represents a -22.1% 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 $18.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Resources Connection's total assets?
Resources Connection (RGP) had $304.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Resources Connection's capital expenditures?
Resources Connection (RGP) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Resources Connection's current ratio?
Resources Connection (RGP) had a current ratio of 2.70 as of fiscal year 2025, which is generally considered healthy.
What is Resources Connection's debt-to-equity ratio?
Resources Connection (RGP) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, 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 -62.9% for fiscal year 2025, 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 0.62, 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 4 out of 9, indicating neutral financial health. 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) has an earnings quality ratio of -0.10x, considered mixed quality. 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 40 out of 100 on our Financial Health Score, indicating moderate 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.