Financial Analysis

Commitments and Contingencies We are subject to legal actions arising in the ordinary course of business. In managements opinion, we believe we have adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions. We are not aware of any asserted or unasserted legal proceedings or claims that we believe would have a material adverse effect on our financial condition or our results of operations. During the year ended December 31, 2025, the Company recognized gain contingencies at the conclusion of certain legal actions. These amounts are included as a gain in SG&A expenses on our Consolidated Statements of Comprehensive Income. As of December 31, 2025 and 2024, we were contingently liable under bank guarantees issued in favor of third parties that totaled $17.5 million and $10.9 million, respectively. These bank guarantees primarily support bid and performance obligations and operating leases for office space. The amounts are guaranteed under guarantee facilities totaling $32.5 million and $42.7 million as of December 31, 2025 and 2024, respectively. We had $15.0 million and $31.8 million available under the guarantee facilities as of December 31, 2025 and 2024, respectively. These bank guarantees are issued separately from our Credit Facility and, as a result, do not affect available borrowing capacity under our Credit Facility. We entered into a material lease agreement for our new office space in London, England during the year ended D …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Employee Benefit Plans We maintain a qualified defined contribution 401(k) plan, which covers substantially all of our U.S. employees. Under the plan, participants are entitled to make pre-tax, Roth post-tax and/or traditional post-tax contributions not to exceed annual maximums established by the Internal Revenue Service (IRS). We match a certain percentage of a participants combined pre-tax and Roth post-tax contributions pursuant to the terms of the plan, which is limited to a percentage of the participants eligible compensation as established by the IRS. We made contributions related to the plan of $39.4 million, $39.5 million and $36.6 million during the years ended December 31, 2025, 2024 and 2023, respectively. We also maintain several defined contribution pension plans for our employees in the United Kingdom (UK) and other foreign countries. We contributed to these plans $20.9 million, $17.7 million and $15.3 million during the years ended December 31, 2025, 2024 and 2023, respectively. …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

Debt Long-term debt outstanding under our senior unsecured bank revolving credit facility (Credit Facility) was $365.0 million and there was no current portion as of December 31, 2025. The Company classified the borrowings under the Credit Facility as long-term debt in the accompanying Consolidated Balance Sheets, as we have the intent and unilateral ability to refinance any borrowings on a continuous basis through the maturity of the Credit Facility on November 21, 2027. There was no debt outstanding as of December 31, 2024. Our second amended and restated credit agreement governing our Credit Facility has a revolving line of credit limit of $900.0 million and a maximum incremental facility of $300.0 million, subject to certain conditions. The Credit Facility was originally guaranteed by substantially all of our wholly owned domestic subsidiaries and was originally secured by a first priority security interest in substantially all of the assets of FTI Consulting and such domestic subsidiaries. In October 2024, the Companys credit rating was upgraded to investment grade by S&P Global. The upgraded rating triggered a Ratings Collateral Release Date under, and as defined in, the Credit Facility. Upon the occurrence of the Ratings Collateral Release Date, the security interests and liens previously granted to the lenders were automatically terminated and released, and the Credit Facility is now unsecured, with only unsecured guarantees being provided by substantially all of …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Share-Based Compensation Share-Based Incentive Compensation Plan Under the FTI Consulting, Inc. 2017 Omnibus Incentive Compensation Plan, as amended, there were 1,144,986 shares of common stock available for grant as of December 31, 2025. Share-Based Compensation Expense The table below reflects the total share-based compensation expense recognized in our Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023: Year Ended December 31, Income Statement Classification 2025 2024 2023 Direct cost of revenues $ 26,821 $ 22,179 $ 19,067 Selling, general and administrative expenses 14,884 20,002 17,205 Total $ 41,705 $ 42,181 $ 36,272 Restricted Share Awards The following table summarizes our restricted share awards activity during the year ended December 31, 2025. Shares Weighted Average Grant Date Fair Value Restricted share awards outstanding at December 31, 2024 611 $ 147.80 Restricted share awards granted 159 $ 165.35 Restricted share awards vested (159) $ 98.99 Restricted share awards forfeited (37) $ 171.69 Restricted share awards outstanding at December 31, 2025 574 $ 164.70 As of December 31, 2025, there was $61.7 million of unrecognized compensation cost related to unvested restricted share awards. That cost is expected to be recognized ratably over a weighted average period of 3.8 years. The total fair value of restricted share awards that vested during the years ended December 31, 2025, 2024 and 2023 was $26.8 million, $28.1 m …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill and Intangible Assets Goodwill The table below summarizes the changes in the carrying amount of goodwill by reportable segment: Corporate Finance (1) FLC (1) Economic Consulting (1) Technology (1) Strategic Communications (2) Total Balance at December 31, 2023 $ 540,991 $ 213,415 $ 268,482 $ 96,802 $ 114,879 $ 1,234,569 Foreign currency translation adjustment (5,663) (1,048) (188) (18) (1,096) (8,013) Balance at December 31, 2024 $ 535,328 $ 212,367 $ 268,294 $ 96,784 $ 113,783 $ 1,226,556 Foreign currency translation adjustment 7,915 2,807 626 103 4,770 16,221 Balance at December 31, 2025 $ 543,243 $ 215,174 $ 268,920 $ 96,887 $ 118,553 $ 1,242,777 (1) There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of December 31, 2025, 2024 and 2023. (2) Amounts for our Strategic Communications segment include gross carrying values of $312.7 million, $307.9 million and $309.0 million as of December 31, 2025, 2024 and 2023, respectively, and accumulated impairment losses of $194.1 million as of December 31, 2025, 2024 and 2023. Intangible Assets Intangible assets were as follows: December 31, 2025 December 31, 2024 Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizing intangible assets (1) 9.9 26,025 18,103 7,922 38,821 27,676 11,145 Non-amortizing intangible assets (2) Indefinite 5 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The table below summarizes significant components of deferred tax assets and liabilities: December 31, 2025 2024 Deferred tax assets Allowance for expected credit losses $ 15,196 $ 13,446 Accrued vacation and bonus 47,793 51,045 Share-based compensation 16,305 15,081 Notes receivable from employees 25,309 16,046 Foreign net operating and capital loss carryforward 31,762 20,411 Foreign tax credit carryforward 33,863 25,963 Deferred compensation 3,728 3,636 Operating lease assets 64,515 58,982 Other, net 7,243 6,773 Total deferred tax assets 245,714 211,383 Deferred tax liabilities Revenue recognition (3,461) (2,833) Operating lease liabilities (49,134) (47,923) Property and equipment, net (13,478) (9,831) Goodwill and intangible assets (218,610) (212,595) Total deferred tax liabilities (284,683) (273,182) Foreign withholding tax (1,363) (1,538) Valuation allowance (24,481) (9,612) Net deferred tax liabilities $ (64,813) $ (72,949) As of December 31, 2025, the Company had foreign tax credit carryforwards of $33.9 million, all of which will expire between 2031 and 2035. As of December 31, 2025, the Company had foreign net operating loss and capital loss carryforwards of $154.2 million, of which $22.9 million expires over the next 15 years and $131.3 million can be carried forward indefinitely. The valuation allowance for foreign deferred tax assets was $24.5 million and $9.6 million as of December 31, 2025 and 2024, respectively. The historical profitability of each …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases We lease office space and equipment under non-cancelable operating leases. See Note 1, Description of Business and Summary of Significant Accounting Policies for additional information on our accounting policies for leases. The table below summarizes the carrying amount of our operating lease assets and liabilities: December 31, Leases Classification 2025 2024 Assets Operating lease assets Operating lease assets $ 201,492 $ 198,318 Total lease assets $ 201,492 $ 198,318 Liabilities Current Operating lease liabilities Accounts payable, accrued expenses and other $ 37,211 $ 34,110 Noncurrent Operating lease liabilities Noncurrent operating lease liabilities 224,510 208,036 Total lease liabilities $ 261,721 $ 242,146 The table below summarizes total lease costs: Year Ended December 31, Lease Cost 2025 2024 Operating lease costs $ 51,781 $ 50,519 Variable lease costs and other 17,927 17,488 Total lease cost, net $ 69,708 $ 68,007 The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases and includes a reconciliation to operating lease liabilities reported on the Consolidated Balance Sheets: As of December 31, 2025 2026 $ 54,594 2027 55,681 2028 45,078 2029 34,468 2030 29,145 Thereafter 107,628 Total future lease payments 326,594 Less: imputed interest (64,873) Total $ 261,721 The table below includes cash paid for our operating lease liabilities, other non-cash information, our weighted average remaining lease term and wei …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740) : Improvements to Income Tax Disclosures , which expands annual disclosures in an entitys income tax rate reconciliation table and requires annual disclosures regarding cash taxes paid both in the U.S. (federal, state and local) and foreign jurisdictions. We adopted ASU 2023-09 on a prospective basis, beginning with the year ended December 31, 2025. See Note 16, Income Taxes for disclosures required under ASU 2023-09. Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses , which requires additional, disaggregated disclosure around certain income statement expense line items. The amendments in this ASU are effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, although early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software , which modernizes the accounting for internal-use software cost …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Special Charges During the year ended December 31, 2025, we recorded special charges of $25.3 million related to targeted headcount reductions in each segment and region where we realigned our workforce with current business demand for our consulting services. The special charges concluded as of March 31, 2025. The majority of the special charges were paid during the year ended December 31, 2025 and the remaining amounts will be paid in cash in the next three months. These amounts are included in Accounts payable, accrued expenses and other on our Consolidated Balance Sheets. The following table details the special charges by segment: Year Ended December 31, 2025 Corporate Finance $ 11,696 FLC 5,475 Economic Consulting 983 Technology 1,928 Strategic Communications 3,268 Segment special charges 23,350 Unallocated Corporate 1,945 Total special charges $ 25,295 During the year ended December 31, 2024 , we recorded special charges of $8.2 million. The charges related to targeted headcount reductions in areas of each segment and region where we realigned our workforce with current business demand for our consulting services. There were no special charges recorded during the year ended December 31, 2023. …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenues We generate the majority of our revenues by providing consulting services to our clients. See Note 1, Description of Business and Summary of Significant Accounting Policies for additional information on our accounting policies for revenues. Revenues are recognized when we satisfy a performance obligation by transferring services promised in a contract to a customer and in an amount that reflects the consideration that we expect to receive in exchange for those services. Performance obligations in our contracts represent distinct or separate services that we provide to our customers. We estimate that approximately 76% of our revenues recognized during the year ended December 31, 2025 were generated from time and expense contract arrangements. If, at the outset of an arrangement, we determine that a contract with enforceable rights and obligations does not exist, revenues are deferred until all criteria for an enforceable contract are met. Revenues recognized during the current period may include revenues from performance obligations satisfied or partially satisfied in prior periods. This primarily occurs when the estimated transaction price has changed based on our current probability assessment over whether the agreed-upon outcome for our performance-based and contingent arrangements will be achieved. The aggregate amount of revenues recognized related to a change in the transaction price in the current period, which related to performance obligations satisfied or pa …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Reporting We manage our business in five reportable segments: Corporate Finance, FLC, Economic Consulting, Technology and Strategic Communications. Our Corporate Finance segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world. Our clients include companies, boards of directors, investors, private equity sponsors, lenders, and other financing sources and creditor groups, governments and other interested parties. We deliver a wide range of services centered around three core offerings: Transactions, Transformation and Turnaround & Restructuring. Our FLC segment provides law firms, companies, boards of directors, government entities, private equity firms and other interested parties with a multidisciplinary and independent range of services across risk & investigations and disputes, supported by our data & analytics technology-enabled solutions, with a focus on highly regulated industries. Our services are centered around five core offerings: Construction, Projects & Assets and Environmental Solutions, Data & Analytics, Dispute Advisory Services, Healthcare Risk Management & Advisory and Risk & Investigations, which includes our cybersecurity and financial services-related offerings. Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides law firms, companies, government entities and other interested parties with analyses of complex economic issues fo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders Equity Stock Repurchase Program On June 2, 2016, our Board of Directors authorized a stock repurchase program (the Repurchase Program), which was most recently increased by $500.0 million to an aggregate authorization of $2.2 billion on October 21, 2025. No time limit has been established for the completion of the Repurchase Program, and the Repurchase Program may be suspended, discontinued or replaced by the Board of Directors at any time without prior notice. As of December 31, 2025, we had $491.8 million available under the Repurchase Program to repurchase additional shares of our common stock. The following table details our stock repurchases under the Repurchase Program: Year Ended December 31, 2025 2024 2023 Shares of common stock repurchased and retired 5,265 52 112 Average price paid per share (1) $ 163.07 $ 197.53 $ 158.70 Total cost (1) $ 858,575 $ 10,216 $ 17,797 (1) Excludes excise tax of $8.0 million and commissions incurred during the year ended December 31, 2025. As we repurchase our common shares, we reduce stated capital on our Consolidated Balance Sheets for the $0.01 of par value of the shares repurchased, with the excess purchase price over par value recorded as a reduction to additional paid-in capital. If additional paid-in capital is reduced to zero, we record the remainder of the excess purchase price over par value as a reduction of retained earnings. Common Stock Outstanding Common stock outstanding was approximately 30.9 million shares …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies We are subject to legal actions arising in the ordinary course of business. In managements opinion, we believe we have adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions. We are not aware of any asserted or unasserted legal proceedings or claims that we believe would have a material adverse effect on our financial condition or our results of operations. During the six months ended June 30, 2025, the Company recorded the impact of proceeds received from legal settlements. These amounts are included as a gain in Selling, general and administrative (SG&A) expenses on our Condensed Consolidated Statements of Comprehensive Income. As of June 30, 2026 and December 31, 2025, we were contingently liable under bank guarantees issued in favor of third parties that totaled $18.6 million and $17.5 million, respectively. These bank guarantees primarily support bid and performance obligations and operating leases for office space. The amounts are guaranteed under guarantee facilities totaling $40.7 million and $32.5 million as of June 30, 2026 and December 31, 2025, respectively. We had $22.1 million and $15.0 million available under the guarantee facilities as of June 30, 2026 and December 31, 2025, respectively. These bank guarantees are issued separately from our Revolving Credit Facility and, as a result, do not affect available borrowing capacity under our Revolving Credit Facility. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt On June 30, 2026, we entered into a third amended and restated credit agreement (as amended and restated, the Credit Agreement) governing our senior unsecured bank revolving credit facility (the Revolving Credit Facility) and our Incremental Term Loan (as defined below), to, among other things, (i) extend the maturity date of the Revolving Credit Facility to June 30, 2031, (ii) increase the revolving line of credit limit from $900.0 million to up to $1.5 billion, with the existing $300.0 million Incremental Term Loan remaining outstanding under the Credit Agreement, and (iii) permit the Company to incur incremental facilities in an aggregate amount of up to (a) the greater of $500.0 million and 100% of consolidated EBITDA, plus (b) an unlimited amount, subject to certain conditions. Our Revolving Credit Facility is unsecured, based on the Companys investment grade credit rating from S&P Global, with only unsecured guarantees being provided by certain of our material wholly-owned domestic subsidiaries. On March 17, 2026, we entered into an incremental amendment to our second amended and restated credit agreement (the Incremental Amendment) which provides for a term loan in the aggregate amount of $300.0 million (the Incremental Term Loan). The Incremental Term Loan matures on March 17, 2029, and requires the Company to pay customary fees and expenses. We incurred $4.6 million and $5.4 million of debt issuance costs during the three and six months ended June 30, 2026, …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Share-Based Compensation We granted equity awards of 199,200 restricted shares, 120,926 restricted stock units and 117,570 performance stock units during the six months ended June 30, 2026, under the FTI Consulting, Inc. 2017 Omnibus Incentive Compensation Plan, as amended, our employee equity compensation plan. Our performance stock units are presented at the maximum potential payout percentage of target shares granted. These awards are recorded as equity on the Condensed Consolidated Balance Sheets. During the six months ended June 30, 2026, 6,155 shares of restricted stock and 11,737 restricted stock units were forfeited prior to the completion of the applicable vesting requirements. Additionally, 42,132 performance stock units were forfeited during the six months ended June 30, 2026, including award targets that were not achieved. Total share-based compensation expense, net of forfeitures, is detailed in the following table: Three Months Ended June 30, Six Months Ended June 30, Income Statement Classification 2026 2025 2026 2025 Direct cost of revenues $ 7,030 $ 6,725 $ 15,092 $ 11,442 Selling, general and administrative expenses 3,970 3,658 7,672 8,247 Total share-based compensation expense $ 11,000 $ 10,383 $ 22,764 $ 19,689

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Goodwill and Intangible Assets Goodwill The table below summarizes the changes in the carrying amount of goodwill by reportable segment: Corporate Finance (1) FLC (1) Economic Consulting (1) Technology (1) Strategic Communications (2) Total Balance at December 31, 2025 $ 543,243 $ 215,174 $ 268,920 $ 96,887 $ 118,553 $ 1,242,777 Foreign currency translation adjustment (1,021) (647) (174) (29) (1,153) (3,024) Balance at June 30, 2026 $ 542,222 $ 214,527 $ 268,746 $ 96,858 $ 117,400 $ 1,239,753 (1) There were no accumulated impairment losses for the Corporate Finance, FLC, Economic Consulting or Technology segments as of June 30, 2026 and December 31, 2025. (2) Amounts for our Strategic Communications segment include gross carrying values of $311.5 million and $312.7 million as of June 30, 2026 and December 31, 2025, respectively, and accumulated impairment losses of $194.1 million as of June 30, 2026 and December 31, 2025. Intangible Assets Intangible assets were as follows: June 30, 2026 December 31, 2025 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizing intangible assets (1) $ 21,761 $ 15,010 $ 6,751 $ 26,025 $ 18,103 $ 7,922 Non-amortizing intangible assets (2) 5,625 5,625 5,625 5,625 Total $ 27,386 $ 15,010 $ 12,376 $ 31,650 $ 18,103 $ 13,547 (1) Amortizing intangible assets primarily include customer relationships as of June 30, 2026 and December 31, 2025. (2) Non-amortizing int …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes We entered into a TEI of $42.1 million during the three months ended June 30, 2026. The TEI owns projects related to solar energy and produces tax credits under Section 48 and 48E of the Internal Revenue Code. The initial investment is included in Payment for tax equity investment on the Condensed Consolidated Statement of Cash Flows. As of June 30, 2026, the remaining unamortized balance of the investment totaled $25.2 million and was included within Prepaid expenses and other current assets on our Condensed Consolidated Balance Sheets. We recognized net tax benefits of $7.1 million related to our tax equity investment during the three months ended June 30, 2026. These recognized net tax benefits were recorded within Income tax provision on our Condensed Consolidated Statements of Comprehensive Income. The net tax benefits include tax credits and other income tax benefits of $24.0 million, which were partially offset by amortization expense of $16.9 million during the three months ended June 30, 2026. The amortization expense is presented in Amortization of tax equity investment on the Condensed Consolidated Statement of Cash Flows. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases We lease office space and equipment under non-cancelable operating leases. The table below summarizes the carrying amount of our operating lease assets and liabilities: Leases Classification June 30, 2026 December 31, 2025 Assets Operating lease assets Operating lease assets $ 190,444 $ 201,492 Total lease assets $ 190,444 $ 201,492 Liabilities Current Operating lease liabilities Accounts payable, accrued expenses and other $ 39,535 $ 37,211 Noncurrent Operating lease liabilities Noncurrent operating lease liabilities 208,661 224,510 Total lease liabilities $ 248,196 $ 261,721 The table below summarizes total lease costs: Three Months Ended June 30, Six Months Ended June 30, Lease Cost 2026 2025 2026 2025 Operating lease costs $ 12,898 $ 12,968 $ 25,734 $ 25,576 Variable lease costs and other 4,229 4,200 8,762 8,956 Total lease cost, net $ 17,127 $ 17,168 $ 34,496 $ 34,532 The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases and includes a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheets: As of June 30, 2026 2026 (remaining) $ 29,507 2027 55,683 2028 47,110 2029 36,147 2030 29,695 Thereafter 108,146 Total future lease payments 306,288 Less: imputed interest (58,092) Total $ 248,196 The table below includes cash paid for our operating lease liabilities, other non-cash information, our weighted average remaining lease term and weighted average discount rate: Six Mon …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses , which requires additional, disaggregated disclosure around certain income statement expense line items. The amendments in this ASU are effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, although early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software , which modernizes the accounting for internal-use software costs by increasing the operability of the recognition guidance to reflect neutrality toward different methods of software development. The amendments in this ASU are effective for annual and interim periods beginning after December 15, 2027 and can be applied prospectively, retrospectively, or with a modified transition approach. Early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Special Charges There were no special charges recorded during the three and six months ended June 30, 2026. During the six months ended June 30, 2025, we recorded special charges of $25.3 million related to targeted headcount reductions in each segment and region where we realigned our workforce with current business demand for our consulting services. The following table details the special charges by segment: Six Months Ended June 30, 2025 Corporate Finance $ 11,696 Forensic and Litigation Consulting (FLC) 5,475 Economic Consulting 983 Technology 1,928 Strategic Communications 3,268 Segment special charges 23,350 Unallocated Corporate 1,945 Total $ 25,295 …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenues We generate the majority of our revenues by providing consulting services to our clients. Revenues are recognized when we satisfy a performance obligation by transferring services promised in a contract to a customer and in an amount that reflects the consideration that we expect to receive in exchange for those services. Performance obligations in our contracts represent distinct or separate services that we provide to our customers. If, at the outset of an arrangement, we determine that a contract with enforceable rights and obligations does not exist, revenues are deferred until all criteria for an enforceable contract are met. Revenues recognized during the current period may include revenues from performance obligations satisfied or partially satisfied in prior periods. This primarily occurs when the estimated transaction price has changed based on our current probability assessment over whether the agreed-upon outcome for our performance-based and contingent arrangements will be achieved. The aggregate amount of revenues recognized related to a change in the transaction price in the current period, which related to performance obligations satisfied or partially satisfied in a prior period, was $15.1 million and $14.8 million for the three and six months ended June 30, 2026, respectively, and $13.5 million and $15.9 million for the three and six months ended June 30, 2025, respectively. Unfulfilled performance obligations primarily consist of fees not yet recogn …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Reporting We manage our business in five reportable segments: Corporate Finance, FLC, Economic Consulting, Technology and Strategic Communications. Our Corporate Finance segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world. Our clients include companies, boards of directors, investors, private equity sponsors, lenders, and other financing sources and creditor groups, governments and other interested parties. We deliver a wide range of services centered around three core offerings: Transactions, Transformation and Turnaround & Restructuring. Our FLC segment provides law firms, companies, boards of directors, government entities, private equity firms and other interested parties with a multidisciplinary and independent range of services across risk & investigations and disputes, supported by our data & analytics technology-enabled solutions, with a focus on highly regulated industries. Our services are centered around five core offerings: Construction, Projects & Assets and Environmental Solutions, Data & Analytics, Dispute Advisory Services, Healthcare Risk Management & Advisory and Risk & Investigations, which includes our cybersecurity and financial services-related offerings. Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides law firms, companies, government entities and other interested parties with analyses of complex economic issues fo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders Equity Stock Repurchase Program On June 2, 2016, our Board of Directors authorized a stock repurchase program (the Repurchase Program), which was most recently increased by $370.0 million to an aggregate authorization of $2.6 billion on June 3, 2026. No time limit has been established for the completion of the Repurchase Program, and the Repurchase Program may be suspended, discontinued or replaced by the Board of Directors at any time without prior notice. As of June 30, 2026, we had $344.0 million available under the Repurchase Program to repurchase additional shares of our common stock. The following table details our stock repurchases under the Repurchase Program: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Shares of common stock repurchased and retired 2,591 2,192 3,378 3,319 Average price paid per share (1) $ 150.84 $ 161.88 $ 153.24 $ 162.99 Total cost (1) $ 390,853 $ 354,893 $ 517,664 $ 541,020 (1) Excludes commissions and excise tax of $3.8 million and $5.2 million incurred during the three and six months ended June 30, 2026, respectively, and $3.3 million and $4.8 million for the three and six months ended June 30, 2025, respectively. As we repurchase our common shares, we reduce stated capital on our Condensed Consolidated Balance Sheets for the $0.01 of par value of the shares repurchased, with the excess purchase price over par value recorded as a reduction to additional paid-in capital. If additional paid-in capital is …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing