Here are the 10-Q quarterly reports from Booz Allen Hamilton Holding Corporation (BAH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BAH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BAH filings page.
Booz Allen Hamilton Holding Corporation reported revenue of $2.778 billion for the three months ended September 30, 2026, down 4% from a year earlier. Operating income fell 13% to $245 million, while net income was $181 million, compared with $175 million. Management attributed the revenue decline mainly to slower procurement and fewer program starts, particularly among civil customers.
For the six months ended September 30, revenue was $5.578 billion, down 4%, and net income was $379 million, down 15%. Operating cash flow was $575 million, compared with $540 million. The company acquired Ultra I&C Mission Solutions for approximately $729 million, subject to customary adjustments including net working capital, and acquired Defy Security for $235 million.
Total backlog was $40.933 billion as of September 30, up 2% year over year; it includes unfunded orders and priced options. Remaining performance obligations were $11.8 billion, of which the company expects to recognize approximately 65% as revenue over the next 12 months. The company cautions that backlog conversion to revenue is not assured.
Booz Allen Hamilton Holding Corporation reported revenue of $2,800 million for the quarter ended June 30, 2026, a 4% decline from the prior-year period. Net income was $198 million, down 27%, and diluted EPS was $1.63, while operating income rose 9% to $279 million, lifting operating margin from 9% to 10%. The company cited a slowed procurement environment that reduced headcount and billable expenses, with lower costs and the absence of prior-year severance charges partly offsetting revenue pressure. Income tax expense increased as the effective tax rate moved to 21.1% from (25.5)% due to a prior-year reduction in uncertain tax position reserves that did not recur.
Net cash provided by operating activities increased to $281 million from $119 million, aided by working capital management and lower tax payments. Cash and cash equivalents were $540 million, with total liquidity of about $2.0 billion including a fully available $1,500 million revolving credit facility; total debt was $3,936 million. The company acquired Defy Security for $235 million, recording provisional goodwill of $129 million and $86 million of intangible assets, and agreed to acquire Ultra I&C Mission Solutions for $720 million, subject to customary approvals. Total contract backlog increased to $39,483 million, and remaining performance obligations were $11.1 billion, of which approximately 65% are expected to be recognized as revenue over the next 12 months. The company paid a quarterly dividend of $0.59 per share (totaling $73 million) and repurchased 0.6 million shares for $50 million, with $634 million remaining under its authorization.
Booz Allen Hamilton Holding Corporation reported lower revenue but stable profitability for the quarter and nine months ended December 31, 2025 amid a slowed U.S. government procurement environment and a government shutdown. Quarterly revenue fell 10% to $2,620 million and year-to-date revenue declined 6% to $8,434 million, reflecting reduced headcount, lower billable expenses, and fewer subcontractor costs.
Operating income dropped to $230 million for the quarter and $770 million year-to-date, with margins compressing as the company absorbed $61 million of severance and related charges tied to a cost management initiative targeting about $150 million in annual savings. Despite lower pretax income, quarterly net income rose modestly to $200 million, helped by a favorable tax benefit that drove a negative effective tax rate, while nine‑month net income was $646 million.
The company ended the period with $7,051 million in total assets, $6,026 million in liabilities, and $1,025 million of stockholders’ equity. Liquidity remained strong with $882 million of cash and the full $1.0 billion revolving credit facility available, alongside long‑term debt of $3,857 million. Backlog increased slightly to $38,456 million, including $10.5 billion of remaining performance obligations, of which about 65% is expected to convert to revenue over the next 12 months.
Booz Allen Hamilton (BAH) reported Q2 FY26 results for the quarter ended September 30, 2025. Revenue was $2.890 billion, down 8% year over year, as a slowed U.S. federal procurement environment weighed on activity. Operating income fell to $283 million from $549 million, with operating margin at 10% versus 17% a year ago. Net income was $175 million; diluted EPS was $1.42.
Management cited headcount reductions and the absence of prior-year tailwinds (including a $122 million provision reduction in fiscal 2025) among the drivers. Backlog totaled $40.188 billion, up 3% year over year. Remaining performance obligations were $12.1 billion, and the company expects to recognize approximately 65% of that over the next 12 months.
Cash from operations for the first half was $540 million. Cash and cash equivalents were $816 million with total debt of $3.96 billion and no borrowings under the $1.0 billion revolver. The company began actions to reduce cost by approximately $150 million annually and repurchased 3.3 million shares for $361 million year to date. A quarterly dividend of $0.55 per share was announced on October 24, 2025.