Segment

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment

Segment

The Company operates as a single business segment represented by our core business of providing multi-disciplinary professional engineering solutions to customers. The Company primarily derives its revenue from its core business of providing engineering and related professional services to customers. While we evaluate revenue and other key performance indicators relating to various divisions of labor, our leadership neither manages the business nor deliberately allocates resources by service line, geography, or end market. The Company derives the majority of its revenue from domestic customers, and has no significant long-lived assets located outside the United States. No single customer accounted for 10% or more of the Company’s total revenue during the period.

The Chief Operating Decision Maker (“CODM”) assesses performance for the Company and decides how to allocate resources based on significant expense categories that contribute to net income (loss), as outlined below. The CODM uses these varying results to prioritize the reinvestment of profits within the Company. These results are also used in assessing the Company’s performance and determining management’s compensation. The CODM does not review assets in evaluating the results of the Company, and therefore, such information is not presented.

The following tables provides the operating financial results of the Company for the three months ended March 31, 2026 and 2025:

(in thousands)	Three Months Ended March 31,
	2026		2025
Gross contract revenue	$	126,479	$	112,931
Less:
Labor and fringe	74,406		65,011
Other segment items1	12,275		12,879
General & administrative expenses	23,535		18,442
Incentives	8,139		8,946
Depreciation and amortization	8,406		6,521
Interest expense	3,262		2,113
Other income, net	(247)		(6)
Income tax expense	405		769
Net loss	$	(3,702)	$	(1,744)

1Other segment items included in net loss consists primarily of sub-consultants and other direct expenses.