CRA International, Inc. filings document the formal disclosures of an operating consulting company whose common stock trades on the Nasdaq Global Select Market under CRAI. Recent Form 8-K reports cover quarterly and fiscal-year financial results, supplemental financial materials, Regulation FD disclosures, quarterly cash dividends and share-repurchase authorization updates.
The company’s proxy materials disclose annual meeting matters, including director elections, advisory executive-compensation votes, independent auditor ratification, board structure and governance. Other current reports address director retirement and related board transition disclosures, while the filings identify CRA's Massachusetts incorporation and public-company capital structure.
CRA International, Inc. submitted a Form 144 notice reporting proposed sales of common stock under Rule 144 in connection with vested compensation awards. The filing lists specific vested shares from PRSU and RSU awards dated 03/03/2021 through 04/29/2026 and identifies a broker-dealer.
The filing shows a recent sale by Jonathan D. Yellin of 2,250 shares for $410,114.25 and includes multiple vesting lot details for compensation-related shares.
CRA International, Inc. reported an amendment to a Schedule 13G/A disclosing that Neuberger Berman Group LLC and affiliated entities collectively report shared voting and dispositive power over 246 shares of CRA International common stock. The filing states this represents 0% of the class and affirms "Ownership of 5 percent or less of a class."
CRA International, Inc. reported higher revenue but lower profit for the fiscal quarter ended April 4, 2026. Revenues rose 10.5% to $200.975 million, helped by slightly higher utilization and consultant headcount, with fixed‑price work representing 18% of revenue.
Costs rose faster than sales. Costs of services increased 20.4% to $145.0 million, driven by higher employee and incentive compensation and a sharp increase in forgivable loan amortization. Operating margin narrowed to 9.0% of revenue from 14.0%, and net income fell to $11.1 million from $18.0 million. Diluted EPS decreased to $1.69 from $2.62, despite a lower diluted share count from stock repurchases.
Cash flow from operations was negative $113.9 million, mainly due to bonus payments and $62.3 million of new forgivable loan advances. The company funded these uses with net borrowings of $158.0 million on its revolving credit facility, lifting outstanding borrowings to $192.0 million. Cash ended at $32.5 million$300.0 million and declared a quarterly dividend of $0.57 per share.
CRA International reported record first-quarter 2026 revenue of $201.0 million, up 10.5% year over year, driven by broad-based growth across eight practices and both North American and international operations. Legal & Regulatory offerings grew 11.5%, while Management Consulting rose 8.3%.
Profitability declined as net income fell to $11.1 million, down 38.2%, and diluted EPS decreased to $1.69 from $2.62. Non-GAAP net income was $13.1 million and non-GAAP EBITDA was $23.2 million, or 11.5% of revenue. Operating cash flow for the year-to-date period was negative $113.9 million, and borrowings under the revolving credit facility reached $192.0 million.
The company reaffirmed full-year 2026 guidance for revenue of $785–$805 million and a non-GAAP EBITDA margin of 12.0–13.0% on a constant currency basis. The Board declared a quarterly cash dividend of $0.57 per share, payable June 12, 2026 to shareholders of record on May 26, 2026.
CRA International EVP and General Counsel Jonathan D. Yellin reported routine equity compensation activity in CRAI stock. On April 29, 2026, he exercised 293.3649 Restricted Stock Units into shares of common stock. To cover obligations, 85 shares were used at $154.55 per share for tax-withholding and 6.3649 shares were disposed of to the issuer.
Following these transactions, Yellin directly holds 15,497 shares of CRAI common stock. He also retains nonqualified stock options covering 2,845 shares at an exercise price of $47.45 expiring on December 6, 2028 and 2,377 shares at $44.87 expiring on December 18, 2027, plus multiple outstanding RSU awards that vest in future years.
CRA International, Inc. director and CEO Paul A. Maleh reported compensation-related equity activity. On April 29, 2026, he exercised 1,447.4025 restricted stock units into shares of common stock. Of these, 685 shares were withheld to satisfy tax obligations and 31.4025 shares were disposed of back to the issuer.
Following these transactions, Maleh directly held 117,983 shares of common stock. He also retained nonqualified stock options covering 15,173 shares at a $47.45 exercise price and 16,304 shares at a $44.87 exercise price, as well as multiple restricted stock unit awards that vest in annual installments beginning in 2026 and 2027.
CRA International EVP and Chief Corporate Development Officer Chad M. Holmes reported routine equity compensation activity involving restricted stock units and company stock. He exercised 275.9879 restricted stock units into an equivalent number of common shares. Of these shares, 128 were disposed of to cover tax obligations and 5.9879 shares were returned to the issuer.
Holmes continues to hold non-qualified stock options covering 4,425 shares of common stock at an exercise price of $47.45 expiring on December 6, 2028, and 4,076 shares at $44.87 expiring on December 18, 2027. He also holds multiple restricted stock unit awards, each representing a right to receive common shares, which vest in scheduled annual installments beginning in 2026 and 2027, with associated dividend equivalent units accruing as additional RSUs.
CRA International, Inc. will hold its annual shareholder meeting on July 16, 2026 in Boston. Shareholders will vote on electing two Class I directors, an advisory say‑on‑pay resolution for executive compensation, and ratifying Grant Thornton LLP as independent auditors for the fiscal year ending January 2, 2027.
The record date is May 22, 2026, with 6,461,963 common shares outstanding. The company highlights a largely independent board, detailed committee structure, and a pay‑for‑performance program mixing salary, annual cash bonuses, and long‑term equity awards, plus stock ownership guidelines and a clawback policy to align executives with shareholders.
CRA International EVP and General Counsel Jonathan D. Yellin exercised restricted stock units into 871.8962 shares of common stock on April 11, 2026. These awards had a zero exercise price and stem from equity compensation.
To cover obligations, Yellin had 248 shares of common stock withheld at $163.80 per share for taxes and disposed of additional small amounts back to the issuer. After these routine compensation-related transactions, he directly holds 15,295 shares of CRA International common stock, along with several remaining RSU and stock option positions.
CRA International, Inc. director and President & CEO Paul A. Maleh reported compensation-related equity activity. On April 11, 2026, he exercised restricted stock units into an aggregate of 4,295.2299 shares of common stock at $0.00 per share. On the same date, 55.2585 and 96.9714 shares of common stock were surrendered to the issuer at $163.80 per share, and 728 and 1,276 shares were withheld at $163.80 per share to cover tax obligations. Following these transactions, he directly owned 117,252 shares of common stock and retained multiple blocks of unvested RSUs and nonqualified stock options with exercise prices of $44.87 and $47.45 expiring in 2027 and 2028.