Here are the 10-Q quarterly reports from Everforth, Inc. (EFOR) 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 EFOR 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 EFOR filings page.
Everforth, Inc. (EFOR) reported third-quarter 2026 revenue of $1,031.4 million, up 2.0% from $1,011.4 million a year earlier, while net income was $23.1 million versus $38.1 million. Diluted earnings per share were $0.56 versus $0.87. Consolidated gross margin was 28.3%, compared with 29.4%. Everforth attributed lower Commercial Segment margins to lower permanent-placement mix, foreign-exchange effects and a shift toward cloud and infrastructure services with lower margins; Federal Government margins reflected more cost-reimbursable work.
For the first nine months, revenue was $3,006.7 million versus $3,000.3 million; net income was $42.8 million versus $88.3 million, and operating cash flow was $129.4 million versus $225.6 million. Everforth acquired Quinnox in March for $290.0 million in cash; preliminary purchase accounting remained incomplete. As of September 30, 2026, long-term debt was $1,391.0 million, cash was $147.5 million, and the leverage ratio was 2.12 to 1; Everforth reported compliance with debt covenants. Management believes cash, expected operating cash flows and available credit will be sufficient for obligations, working capital and capital expenditures for the next 12 months and beyond.
Everforth, Inc. reported revenue of $1,007.0 million for the quarter ended June 30, 2026, down 1.3% year-over-year, with net income of $14.2 million versus $29.3 million and diluted EPS of $0.35 versus $0.67. Commercial contributed about 70% of revenue (down 0.9%) and Federal Government about 30% (down 2.3%). Consolidated gross margin slipped to 28.3% from 28.7%, as Commercial margins compressed, partly offset by a modest improvement in Federal margins.
For the first six months of 2026, revenue was $1,975.3 million, down 0.7%, while net income fell to $19.7 million from $50.2 million as higher SG&A, including $22.6 million of acquisition, integration and strategic planning expenses, and higher interest expense of $37.5 million weighed on results. The March 2026 acquisition of Quinnox added identifiable intangibles of $173.6 million in customer relationships and $137.4 million of goodwill.
Total assets rose to $4,023.5 million, driven by acquisitions, while long-term debt increased to $1,438.1 million, including a drawn revolver of $318.0 million and $550.0 million of senior notes, with a leverage ratio of 2.17 to 1 versus a 3.75 to 1 covenant. Operating cash flow declined to $70.7 million from $141.7 million, largely due to higher accounts receivable, as the company spent $283.6 million on the Quinnox acquisition, repurchased $50.5 million of stock, and ended with cash of $152.9 million and $180.0 million of revolver availability. A July 2026 amendment increased the revolver to $600.0 million, extended its maturity to 2031, and repaid term loan A.
Everforth, Inc. reported flat quarterly revenue of $968.3 million for the three months ended March 31, 2026, but a sharp drop in profitability. Net income fell to $5.5 million from $20.9 million a year earlier, with diluted EPS declining to $0.13 from $0.48.
Commercial Segment revenue inched up to $675.5 million, while Federal Government revenue slipped to $292.8 million, leaving total revenue unchanged. Consolidated gross margin compressed to 27.5% from 28.4%, mainly due to business mix shifts and foreign exchange impacts in the Commercial Segment.
Everforth completed the $290.0 million cash acquisition of Quinnox, adding $173.6 million of customer relationship intangibles and $137.7 million of goodwill. To fund acquisitions and repurchases, long-term debt rose to $1.46 billion, while cash ended at $143.6 million. The company repurchased 797,131 shares for $39.0 million and still has $934.0 million remaining under its $1.0 billion authorization.