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KFRC

Kforce Inc.

KFRC

Kforce Inc. • NASDAQ
$29.40 ▼ -1.01% (-0.30)
Market Cap $533.35 M
52w High $61.84
52w Low $24.49
Dividend Yield 1.55%
P/E 13.01
Volume 71.39K
Outstanding Shares 18.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $332.645M ▼ $77.255M ▲ $11.068M ▲ 3.327% ▲ $0.63 ▲ $15.615M ▼
Q2-2025 $334.316M ▲ $75.76M ▼ $10.449M ▲ 3.125% ▲ $0.56 ▲ $16.278M ▲
Q1-2025 $330.028M ▼ $76.629M ▲ $8.145M ▼ 2.468% ▼ $0.45 ▼ $13.095M ▼
Q4-2024 $343.782M ▼ $-31.209M ▼ $11.061M ▼ 3.217% ▼ $0.58 ▼ $17.069M ▼
Q3-2024 $353.319M $117.283M $14.209M 4.022% $0.74 $20.259M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.252M ▼ $374.152M ▲ $242.031M ▲ $132.121M ▼
Q2-2025 $2.472M ▲ $373.64M ▲ $239.22M ▲ $134.42M ▼
Q1-2025 $444K ▲ $368.195M ▲ $230.168M ▲ $138.027M ▼
Q4-2024 $349K ▲ $357.834M ▼ $203.216M ▲ $154.618M ▼
Q3-2024 $127K $369.85M $202.476M $167.374M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $11.068M ▲ $23.323M ▲ $-3.508M ▼ $-21.035M ▼ $-1.22M ▼ $19.815M ▲
Q2-2025 $10.449M ▲ $18.365M ▲ $-2.758M ▲ $-13.579M ▼ $2.028M ▲ $14.224M ▲
Q1-2025 $8.145M ▼ $249K ▼ $-4.835M ▼ $4.681M ▲ $95K ▼ $-3.9M ▼
Q4-2024 $11.061M ▼ $21.79M ▼ $337K ▲ $-21.905M ▲ $222K ▲ $22.718M ▼
Q3-2024 $14.209M $30.979M $-4.149M $-26.813M $17K $27.457M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Finance And Accounting Segment Member
Finance And Accounting Segment Member
 $30.00M ▲$20.00M ▼$20.00M ▲$30.00M ▲
Technology Segment Member
Technology Segment Member
 $330.00M ▲$310.00M ▼$310.00M ▲$310.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has softened over the last couple of years after a strong period in 2021–2022, which is typical for a staffing firm exposed to hiring cycles and tech spending. Profitability is still positive, but both operating profit and earnings per share have been trending down from prior peaks. That suggests decent cost control but less demand and pricing power than a few years ago. Overall, this looks like a mature, cyclical business in a slower phase of the cycle rather than a company losing relevance outright.

Balance Sheet

Balance Sheet The balance sheet looks fairly conservative and simple for a services company. Asset levels have drifted slightly lower, and reported cash has essentially been drawn down, which likely reflects returns to shareholders or debt management rather than heavy investment. Debt is modest relative to the size of the business and has actually come down from earlier years, while equity has eased a bit but not dramatically. In practical terms, leverage does not appear aggressive, but the low cash cushion means the company relies on ongoing cash generation and credit facilities to stay flexible.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been steady over several years, even as earnings have moved up and down with the cycle. Free cash flow is consistently positive and only lightly burdened by capital spending, which remains very small. This means most cash produced by the business is available for things like dividends, buybacks, debt repayment, or small strategic investments rather than being tied up in large projects. It paints the picture of a cash‑generative, asset‑light model.

Competitive Edge

Competitive Edge Kforce operates in a crowded staffing market but has carved out a focused niche in technology and finance talent, particularly for larger enterprises. Its long relationships with many big, brand‑name clients and deep specialization in tech roles create switching costs and recurring demand. The move beyond simple staff augmentation into team‑based and project‑based solutions helps the firm become more embedded in client operations. The flip side is that it remains exposed to swings in corporate hiring and IT project budgets, so its edge is more about relationship depth and specialization than about being insulated from cycles.

Innovation and R&D

Innovation and R&D While it does not do “R&D” in the classic manufacturing or software sense, Kforce is investing meaningfully in technology and process innovation. It uses data analytics, AI, and its proprietary KNOWLEDGEforce platform to improve matching between clients and candidates and to support digital transformation work for customers. Internally, the shift to modern cloud systems like Workday should streamline operations, and the new development center in India expands global delivery options. The company is also positioning itself around newer areas such as cloud, data, user experience, and emerging generative AI projects, which could support longer‑term relevance if executed well.

Summary

Kforce looks like a mature, specialized staffing firm focused on technology and finance roles, with earnings currently in a cooler part of the cycle after a strong run. The business is asset‑light, carries moderate debt, and consistently throws off solid free cash flow, which gives it financial flexibility even with limited on‑balance‑sheet cash. Its main strengths are long‑standing enterprise relationships, depth in tech talent, and a gradual move toward solutions and project work supported by its own platforms and AI tools. Key risks center on economic and hiring cycles, tech spending slowdowns, and competition from both traditional staffing firms and newer digital talent platforms. The longer‑term opportunity hinges on how well it can convert its technology investments and offshore capabilities into more resilient, higher‑value work rather than purely transactional staffing.

NEWS

November 3, 2025 · 4:04 PM UTC

Kforce Reports Third Quarter 2025 Revenue of $332.6 Million and EPS of $0.63

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October 14, 2025 · 7:30 AM UTC

Kforce Inc. to Announce Third Quarter Results on November 3, 2025

Read more