Welcome to our dedicated page for Cra Intl SEC filings (Ticker: CRAI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for CRA International, Inc. (NASDAQ: CRAI), which operates under the trade name Charles River Associates, provides access to the company’s official disclosures filed with the U.S. Securities and Exchange Commission. These documents help investors understand how a global consulting firm specializing in economic, financial, and management consulting services reports its financial condition, operations, and material events.
CRA uses Form 8-K filings to announce items such as quarterly financial results and dividend declarations. For example, recent 8-Ks describe press releases reporting fiscal quarter results and the board of directors’ decisions to declare quarterly cash dividends on common stock. These filings often reference supplemental financial information and prepared remarks made available to investors, giving additional context to the headline numbers.
In addition to current reports, investors typically review annual reports on Form 10-K and quarterly reports on Form 10-Q (when available on this page) to study CRA’s revenue, expenses, and discussion of risks relevant to its consulting business. These periodic reports complement 8-Ks by providing a more detailed view of the company’s operations, including its focus on economic and financial consulting for litigation and regulatory proceedings and its guidance on business strategy and performance-related issues.
Stock Titan enhances access to CRAI filings by pairing raw SEC documents with AI-powered summaries that explain key sections in plain language. Users can quickly identify important points in earnings-related filings, dividend announcements, and other material disclosures without reading every page. Real-time updates from EDGAR help ensure that newly filed CRA International, Inc. documents, including any future Forms 4 related to insider transactions or proxy materials on executive and board matters, are surfaced promptly for further review.
CRA International is a global consulting firm focused on economic, financial, litigation, regulatory, and management consulting, serving corporations, law firms, and governments across industries from financial services and life sciences to technology and energy. It emphasizes high-stakes matters such as major mergers, complex litigation, and strategic transformations.
The company highlights competitive strengths including a highly educated team of 959 consultants as of January 3, 2026, broad industry diversification, strong ties to leading academics, and an international office network. As of February 20, 2026, CRA had 6,566,183 common shares outstanding and a non‑affiliate equity market value of about $1.2 billion as of June 27, 2025.
Key risks center on dependence on key professionals and non‑employee experts, intense competition, fluctuating demand tied to global economic and regulatory conditions, cybersecurity threats and data‑protection compliance, client concentration in large engagements, and exposure to international, currency, and tax changes. CRA also notes reliance on a revolving credit facility of up to $250.0 million, with $34.0 million outstanding as of January 3, 2026.
Charles River Associates reported another year of record results, with full-year fiscal 2025 revenue up 9.3% to $751.6 million and GAAP net income rising 17.4% to $54.8 million, or $8.14 per diluted share. Non-GAAP EBITDA increased to $96.8 million, a 12.9% margin.
Fourth-quarter revenue grew 11.6% to $197.0 million, while net income slipped to $13.2 million and diluted EPS to $1.99 as margins tightened. The company returned $60.9 million to shareholders in 2025 through $13.8 million of dividends and $47.1 million of share repurchases.
For fiscal 2026, CRA guides to revenue of $785–$805 million and a non-GAAP EBITDA margin of 12.0–13.0% on a constant-currency basis. The board raised the quarterly dividend to $0.57 per share and expanded the share repurchase authorization by $55.0 million, on top of $10.9 million remaining.
CRA International, Inc. reported insider equity holdings for an officer serving as EVP and General Counsel. Following transactions dated December 12, 2025, the officer directly beneficially owns 15,573 shares of common stock.
The disclosure lists multiple restricted stock unit awards that vest on specific dates, including grants that vest on March 10, 2026 and others that vest in equal annual installments beginning on April 11, April 29, and May 20, 2026. These RSUs include additional dividend-equivalent units that are credited when dividends are paid on the company’s common stock.
The officer also holds nonqualified stock options to purchase 2,377 shares at $44.87 per share expiring on December 18, 2027, and 2,845 shares at $47.45 per share expiring on December 6, 2028.
CRA International, Inc. reported that its executive vice president, chief financial officer and treasurer acquired restricted stock units (RSUs) on December 12, 2025. The RSUs carry an exercise price of $0, and following this transaction the officer beneficially owns 737.9104 RSUs tied to the company’s common stock.
Each RSU represents a contingent right to receive one share of common stock, payable in cash, shares, or a combination after vesting and tax withholding. The RSUs, which include 3.9104 dividend-equivalent units, are scheduled to vest in four equal annual installments beginning on August 4, 2026, with dividend equivalents accruing as additional RSUs and vesting on the same schedule.
CRA International, Inc. reported that its President and CEO, who also serves as a director, received several restricted stock unit (RSU) awards on 12/12/2025. Each RSU represents a contingent right to receive one share of common stock, payable in cash, shares, or a combination, and accrues additional RSUs as dividend equivalent rights when dividends are paid.
The new RSU grants include Dividend Units such as 88.4555, 127.3641, 99.3368, 174.3620, 78.6585 and 35.3720 units in different awards, with vesting dates on March 10, 2026 and in annual installments beginning April 11, 2026, April 29, 2026 and May 20, 2026. After these transactions, the reporting person beneficially owned 116,545 shares of common stock directly, as well as nonqualified stock options covering 16,304 shares at an exercise price of $44.87 and 15,173 shares at $47.45.
CRA International, Inc. reported an executive equity award involving restricted stock units (RSUs) linked to its common stock. On December 12, 2025, the reporting officer acquired 2.0954 RSUs, and following this transaction beneficial ownership increased to 737.9104 RSUs, held directly.
Each RSU represents a contingent right to receive one share of CRA International common stock and may be settled in cash, shares, or a combination. Shares, when issued, are delivered as soon as possible after vesting and no later than two and one-half months after the end of the year in which vesting occurs, subject to tax withholding. Dividend equivalent rights accrue on unvested RSUs as additional RSUs, called Dividend Units, which vest on the same schedule. The RSUs, which include an aggregate of 3.9104 Dividend Units, vest in four equal annual installments beginning on August 4, 2026.
CRA International's EVP and chief corporate development officer reported updated equity holdings as of 12/12/2025. The filing shows beneficial ownership of 44,858 shares of common stock held directly.
The executive also reports several blocks of restricted stock units, with post-transaction balances including 459.7215 and 662.8693 units, each representing a contingent right to receive one share of common stock and accruing dividend equivalent units that vest on the same schedule. These RSUs vest on dates ranging from March 10, 2026 to May 20, 2026, some in equal annual installments. In addition, the report lists nonqualified stock options to purchase 4,076 shares at $44.87 expiring on 12/18/2027 and 4,425 shares at $47.45 expiring on 12/06/2028, each originally granted to vest in four equal annual installments beginning one year after grant.
A director of CRA International, Inc. reported a small sale of company stock. On 12/11/2025, the director sold 110 shares of common stock at a price of $198.12 per share, coded as a sale transaction ("S"). After this trade, the director beneficially owns 2,941 shares of CRA International common stock in direct ownership.
The company notes that this transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025, which is designed to allow scheduled trading of shares under specified conditions.
CRA International, Inc. (CRAI) executive vice president and general counsel reported multiple open-market sales of company common stock. On 11/20/2025, the reporting person sold 1,317 shares at a weighted average price of $174.1586, 343 shares at $174.8737, 60 shares at $175.4279, and 30 shares at $176.3925, all coded as sales.
After these transactions, the reporting person beneficially owned 15,573 shares of CRA International common stock held directly. The filing notes that all transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on August 8, 2024, and that the prices shown are weighted averages for trades executed within specified intraday price ranges.
CRA International (CRAI) reported higher revenue with stable earnings. Q3 revenue rose to $185.9 million from $167.7 million, while diluted EPS was $1.73 versus $1.67. Year-to-date, revenue reached $554.6 million compared to $511.0 million, and diluted EPS improved to $6.16 from $4.57.
Costs of services increased to 70.7% of revenue in the quarter; SG&A was $33.7 million, up 7.7% but lower as a percent of revenue. Utilization ticked up to 77% and headcount ended at 968. Operating cash flow was a use of $37.6 million year-to-date, driven by bonus payments and forgivable loan advances; cash stood at $22.5 million with $101.1 million of borrowing capacity under the revolver and $95.0 million outstanding. The company repurchased $47.1 million of stock year-to-date and paid $10.1 million in dividends.
Outside the U.S. contributed 21% of Q3 revenue. A quarterly cash dividend of $0.57 per share was declared, payable December 12, 2025 to shareholders of record on November 25, 2025.