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RGP

Resources Connection, Inc.

RGP

Resources Connection, Inc. • NASDAQ
$4.83 ▲ 0.52% (+0.03)
Market Cap $161.44 M
52w High $9.96
52w Low $4.13
Dividend Yield 0.35%
P/E -0.85
Volume 103.76K
Outstanding Shares 33.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $120.229M ▼ $47.619M ▼ $-2.405M ▲ -2% ▲ $-0.07 ▲ $1.102M ▼
Q4-2025 $139.34M ▲ $121.474M ▲ $-73.306M ▼ -52.609% ▼ $-2.23 ▼ $10.457M ▲
Q3-2025 $129.438M ▼ $95.099M ▼ $-44.052M ▲ -34.033% ▲ $-1.34 ▲ $-5.206M ▼
Q2-2025 $145.618M ▲ $132.818M ▲ $-68.715M ▼ -47.189% ▼ $-2.08 ▼ $4.781M ▲
Q1-2025 $136.935M $54.79M $-5.707M -4.168% $-0.17 $1.077M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $77.518M ▼ $287.211M ▼ $80.852M ▼ $206.359M ▼
Q4-2025 $86.147M ▲ $304.688M ▼ $97.607M ▼ $207.081M ▼
Q3-2025 $72.495M ▼ $375.625M ▼ $97.799M ▼ $277.826M ▼
Q2-2025 $78.197M ▼ $424.873M ▼ $99.196M ▼ $325.677M ▼
Q1-2025 $89.625M $512.869M $105.654M $407.215M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.405M ▲ $-7.832M ▼ $-121K ▲ $-1.554M ▲ $-8.629M ▼ $-7.953M ▼
Q4-2025 $-73.306M ▼ $16.75M ▲ $-488K ▼ $-4.617M ▲ $13.652M ▲ $16.464M ▲
Q3-2025 $-44.052M ▲ $659K ▼ $-421K ▲ $-5.74M ▲ $-5.702M ▲ $238K ▲
Q2-2025 $-68.715M ▼ $1.799M ▲ $-1.738M ▲ $-9.689M ▼ $-11.428M ▲ $61K ▲
Q1-2025 $-5.707M $-309K $-10.924M $-7.685M $-19.267M $-575K

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Consulting
Consulting
 $60.00M ▲$50.00M ▼$50.00M ▲$40.00M ▼
OnDemand Talent
OnDemand Talent
 $50.00M ▲$50.00M ▲$50.00M ▲$40.00M ▼
Other Operating Segment
Other Operating Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Outsourced Services
Outsourced Services
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement RGP’s revenue has drifted down from its recent peak, and the most recent year shows a noticeable step down in sales. Profitability has weakened meaningfully: the company moved from several years of modest profits to a clear operating and net loss in the latest period, even though gross margins remain decent. That suggests pressure from softer demand, pricing, or higher operating costs that the company has not yet fully adjusted to. Overall, the income statement tells a story of a business under earnings pressure after a few solid years.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Cash represents a meaningful portion of total assets, and reported debt is low compared with both assets and equity, which points to limited financial leverage. Equity also makes up the bulk of the capital structure, giving the company a cushion to absorb weaker earnings. However, only the latest year’s snapshot is available, so it’s hard to judge longer‑term balance-sheet trends or any recent buildup of obligations off this limited view.

Cash Flow

Cash Flow Despite the swing to an accounting loss, RGP is still generating positive cash from its core operations, although at a lower level than during its stronger years. Free cash flow has closely tracked operating cash flow because capital spending has been minimal, which keeps the business light on fixed investment needs. This is typical for consulting and indicates decent cash discipline, but the downward drift in cash generation mirrors the earnings pressure and is important to watch if weaker results persist.

Competitive Edge

Competitive Edge RGP operates in the crowded consulting and staffing arena but has carved out a hybrid niche: on‑demand, project‑based professionals with more structure and vetting than freelance marketplaces, and more flexibility and lower overhead than traditional consultancies. Its curated talent pool, many with top-tier firm backgrounds, and longstanding relationships with large enterprise clients create switching frictions that help defend its position. The HUGO platform and acquisitions in digital transformation add differentiation, but the company still faces intense competition from global consultancies, large staffing firms, and emerging digital talent platforms, especially in downturns when clients cut discretionary project work.

Innovation and R&D

Innovation and R&D RGP’s “R&D” is expressed mainly through platform and service innovation rather than lab-style research. The HUGO platform is a key asset, aiming to make matching clients and experts more efficient while keeping consultants on a W‑2 model that blends gig flexibility with stability. Acquisitions like Veracity and CloudGo extend its capabilities in digital transformation and experience design, areas where clients are still investing. Future value will depend on how well RGP enhances HUGO (including AI-driven matching), integrates and cross-sells these digital capabilities, and develops more proprietary methodologies and tools that make its services harder to commoditize.

Summary

RGP has a modern, flexible business model that fits the “future of work” theme, supported by a curated talent network, technology-enabled delivery, and digital-focused acquisitions. Financially, though, the latest year marks a clear setback: revenue has declined and profitability has swung from modestly positive to loss-making, with cash flow trending down alongside. The balance sheet appears sound with low leverage and a decent cash cushion, which helps the company absorb a weaker operating environment. The core questions going forward are whether RGP can rekindle growth, restore margins, and fully leverage its digital and platform investments in a competitive, cyclical consulting market increasingly shaped by automation and AI.

NEWS

November 3, 2025 · 9:20 AM UTC

Resources Connection, Inc. Announces CEO Transition

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October 20, 2025 · 4:05 PM UTC

Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date

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October 8, 2025 · 4:05 PM UTC

Resources Connection Reports Financial Results for First Quarter Fiscal 2026

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October 2, 2025 · 4:05 PM UTC

Resources Connection to Participate in Noble Capital Markets Emerging Growth Conference

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September 30, 2025 · 4:00 PM UTC

RGP Launches rIQ, Proprietary AI Accelerator Built on ServiceNow

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