Every 10-Q that FTI Consulting, Inc. (FCN) has filed with the SEC in the last 24 months is listed below, 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 FCN 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 FCN filings page.
FTI Consulting reported Q2 2026 revenue of $993.5 million, up 5.3% year over year, driven by growth in Corporate Finance, Technology and FLC, partly offset by lower pass-through revenue in Strategic Communications and softer activity in Economic Consulting.
Net income fell 19.4% to $57.8 million and diluted EPS declined to $1.99, as higher direct costs, SG&A and sharply higher interest expense outweighed revenue growth and a lower income tax provision. Adjusted EBITDA decreased 6.4% to $104.5 million, with margin at 10.5% versus 11.8%, while Adjusted EPS edged up to $2.16, reflecting $6.6 million of Extraordinary Litigation-Related Expenses added back.
The company generated operating cash flow of $152.3 million in Q2, up from $55.7 million, lifting Free Cash Flow to $141.0 million. For the first half, operating cash flow was an outflow of $157.7 million. Long-term debt increased to $1.02 billion as the unsecured revolving credit facility was upsized and extended, and $393.2 million was spent on share repurchases in Q2.
FTI Consulting reported higher revenue but lower profitability for the quarter ended March 31, 2026. Revenues rose 9.5% to $983.3 million, driven mainly by strong growth in Corporate Finance and Strategic Communications, while Technology also increased modestly. Net income fell 6.8% to $57.6 million as direct costs, SG&A and interest expense outpaced revenue growth, and the prior-year benefited from legal settlement gains.
Adjusted EBITDA declined 15.9% to $96.8 million, reducing the Adjusted EBITDA margin to 9.8% from 12.8%. Diluted EPS increased to $1.90 from $1.74, largely because the weighted average share count declined following continued repurchases. Operating cash flow was an outflow of $310.0 million, improved from a $465.2 million outflow a year earlier, mainly due to lower forgivable loan issuances, stronger collections and lower tax payments.
The company ended the quarter with $198.3 million in cash and $755.0 million of debt after adding a new $300.0 million term loan under its credit facility. FTI repurchased $126.8 million of stock and still has $364.9 million remaining under its authorization, while management states that existing liquidity and credit capacity are expected to cover anticipated needs.
FTI Consulting (FCN) reported Q3 2025 results. Revenue rose to $956.2 million and diluted EPS reached $2.60 as operating income improved to $117.7 million. Adjusted EBITDA was $130.6 million with a 13.7% margin. Performance was led by Corporate Finance and FLC, while Economic Consulting and Technology declined year over year.
The company accelerated capital returns, repurchasing 1.426 million shares for $234.1 million in the quarter and $775.1 million year to date. Cash and equivalents were $145.97 million, and long‑term debt stood at $510.0 million under the revolving credit facility. Operating cash flow for the quarter was $201.9 million, yielding Free Cash Flow of $187.0 million. DSO was 102 days.
Year to date, revenue was $2.80 billion with net income of $216.3 million and Adjusted EPS of $7.01, reflecting $25.3 million of earlier special charges that concluded by March 31. Common shares outstanding were 30,876,070 as of October 16, 2025.