Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Segment Reporting Information, by Segment

The tables below summarize revenues, significant expenses and gross profit by reportable segment:


Year Ended December 31, 2025	Corporate Finance		FLC		Economic Consulting		Technology		Strategic Communications		Total
Revenues	$	1,550,969	$	764,687	$	720,829	$	373,883	$	378,489	$	3,788,857
Direct costs
Compensation expenses (1)	919,921		465,896		527,598		148,234		191,252		2,252,901
Other segment items (2)	93,945		24,718		50,875		101,712		47,231		318,481
	1,013,866		490,614		578,473		249,946		238,483		2,571,382
Segment gross profit (3)	$	537,103	$	274,073	$	142,356	$	123,937	$	140,006	$	1,217,475

Year Ended December 31, 2024	Corporate Finance		FLC		Economic Consulting		Technology		Strategic Communications		Total
Revenues	$	1,391,206	$	690,211	$	863,557	$	417,637	$	336,041	$	3,698,652
Direct costs
Compensation expenses (1)	850,959		432,157		568,286		152,107		182,227		2,185,736
Other segment items (2)	86,497		32,869		60,138		120,412		31,074		330,990
	937,456		465,026		628,424		272,519		213,301		2,516,726
Segment gross profit (3)	$	453,750	$	225,185	$	235,133	$	145,118	$	122,740	$	1,181,926

Year Ended December 31, 2023	Corporate Finance		FLC		Economic Consulting		Technology		Strategic Communications		Total
Revenues	$	1,346,678	$	654,105	$	771,374	$	387,855	$	329,230	$	3,489,242
Direct costs
Compensation expenses (1)	826,228		400,457		509,100		134,576		179,485		2,049,846
Other segment items (2)	88,479		36,861		43,597		104,767		30,666		304,370
	914,707		437,318		552,697		239,343		210,151		2,354,216
Segment gross profit (3)	$	431,971	$	216,787	$	218,677	$	148,512	$	119,079	$	1,135,026

(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM.

(2)Other segment items include expenses for contractor fees, depreciation and other costs. In our Technology segment, other segment items also include expenses related to software, licensing and data storage.

(3)Includes internal cost recovery for work performed on corporate projects of $17.2 million, $15.3 million and $2.9 million for the years ended December 31, 2025, 2024 and 2023, respectively. Costs associated with billable work performed on corporate projects are included in unallocated corporate expenses as SG&A expenses in the Consolidated Statements of Comprehensive Income.

Schedule of Reconciliation of Net Income to Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization

The table below reconciles income before tax provision to total segment gross profit:


	Year Ended December 31,
	2025		2024		2023
Income before tax provision	$	371,011	$	350,771	$	358,363
Add back:
Interest expense	21,396		6,951		14,331
Interest income and other	(3,330)		(10,360)		4,867
Amortization of intangibles	3,479		4,183		6,159
Special charges	25,295		8,230		—
SG&A expenses	799,624		822,151		751,306
Total segment gross profit	$	1,217,475	$	1,181,926	$	1,135,026

Schedule of Revenues Based on Location of Legal Entity Generating the Revenues

The table below details total revenues by country. Revenues have been attributed to locations based on the location of the legal entity generating the revenues.


	Year Ended December 31,
	2025		2024		2023
U.S.	$	2,385,397	$	2,368,527	$	2,209,276
UK	515,102		485,291		471,134
All other foreign countries (1)	888,358		844,834		808,832
Total revenues	$	3,788,857	$	3,698,652	$	3,489,242

(1) There are no countries included in these amounts that individually represented more than 10 percent of total revenues for the years ended December 31, 2025, 2024 and 2023.

Schedule of Long-Lived Assets Based on Location of Legal Entity Holding the Assets

The table below details information on our long-lived assets, which include property and equipment, net and non-current operating lease assets, by country. Long-lived assets have been attributed to locations based on the location of the legal entity holding the assets.


	December 31,
	2025		2024
U.S.	$	224,512	$	209,946

All other foreign countries (1)	146,313		138,667
Total long-lived assets	$	370,825	$	348,613

(1) There are no countries included in these amounts that individually represented more than 10 percent of long-lived assets as of December 31, 2025 and 2024.