Huron Consulting Group Reports Record Q3 2025 Financial Results
Huron Consulting Group, a global professional services firm, has released its financial results for the third quarter of 2025, showcasing significant growth across various financial metrics. The company has also updated its guidance for the full year 2025, reflecting its strong performance and optimistic outlook.
Financial Highlights
For the third quarter of 2025, Huron reported a record revenue of $432.4 million, marking a 16.8% increase from $370.0 million in the same period last year. Net income for the quarter rose by 12.0% to $30.4 million, compared to $27.1 million in Q3 2024. Adjusted EBITDA, a non-GAAP measure, increased by 22.9% to $67.4 million from $54.9 million in the previous year. Diluted earnings per share (EPS) saw a 16.3% rise to $1.71, up from $1.47 in Q3 2024. Adjusted diluted EPS also increased by 25.0% to $2.10 from $1.68 in the same period last year.
Business and Operational Highlights
The company's growth was driven by increased demand across all three operating segments: Healthcare, Education, and Commercial. Revenues before reimbursable expenses in the Healthcare segment grew by 19.9% to $219.5 million, while the Education segment saw a 6.9% increase to $129.4 million. The Commercial segment experienced a 26.6% rise in revenues to $83.4 million. The number of revenue-generating professionals increased by 15.2% to 5,244, reflecting the company's recent acquisitions and hiring to meet growing demand.
Strategic Initiatives and Corporate Developments
Huron returned $152.5 million to shareholders through the repurchase of 1.1 million shares of its common stock during the first nine months of 2025. The company also raised the midpoint of its previous guidance for full-year 2025 adjusted diluted EPS to $7.60 and affirmed the midpoint of its revenue expectations, narrowing the range to $1.65 billion to $1.67 billion.
Management's Perspective
Mark Hussey, CEO and President of Huron, commented on the strong performance, stating, "Our third quarter performance was strong, driven by growth across all three operating segments. Companywide revenues before reimbursable expenses grew 17% in the third quarter, including 10% organic growth, reflecting a robust demand environment for our services and strong execution by our teams." He added, "We believe strong demand across our core end markets positions us well to achieve our full-year 2025 RBR and earnings guidance while establishing a solid base for continued growth in 2026."
Future Outlook
Huron has provided an optimistic outlook for the remainder of 2025, with expectations of adjusted EBITDA as a percentage of revenues before reimbursable expenses in the range of 14.0% to 14.5%. The company also anticipates adjusted diluted EPS to be between $7.50 and $7.70 for the full year.
Original SEC Filing: Huron Consulting Group Inc. [ HURN ] - 8-K - Oct. 28, 2025