Exponent Reports Strong Q4 Earnings

Consulting firm sees broad-based demand across services as customers grapple with complex technologies

Published on Feb. 6, 2026

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Exponent (NASDAQ:EXPO) reported a 'strong finish' to fiscal 2025, with executives highlighting broad-based demand across proactive and reactive services as customers grapple with increasingly complex technologies and higher expectations for safety, reliability, and performance. The company issued an outlook calling for high single-digit net revenue growth in the first quarter and full year 2026, alongside steady-to-improving profitability metrics.

Why it matters

Exponent's results and outlook provide insights into the growing demand for engineering and scientific consulting services as companies navigate increasingly complex technologies, regulatory requirements, and safety/performance expectations across industries like consumer electronics, life sciences, and utilities.

The details

Fourth-quarter total revenues increased 8% to $147.4 million, while revenues before reimbursements (net revenues) rose 5% to $129.4 million. Adjusting for a calendar difference, net revenues would have grown in the low double digits. Fourth-quarter net income was $24.8 million, or $0.49 per diluted share, compared with $23.6 million, or $0.46 per diluted share, a year earlier. EBITDA rose to $34.7 million, representing 26.8% of net revenues, up from $31.2 million, or 25.2% of net revenues, in the prior-year period.

  • Exponent's fiscal 2025 included a 13-week fourth quarter and a 52-week year, compared with fiscal 2024 which had an extra week.
  • The extra week in fiscal 2024 created a headwind of approximately 7% to fourth-quarter revenue growth and 1.3% for the full year.

The players

Exponent

An engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries.

Catherine Corrigan

Chief Executive Officer of Exponent.

Rich Schlenker

Chief Financial Officer of Exponent.

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