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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We provide our services and products and manage our business under three reportable segments: Healthcare, Education, and Commercial, which align our business by industry.
•Healthcare
Our Healthcare segment serves acute care providers, including national and regional health systems; academic health systems; community health systems; the federal health system; and public, children’s and critical access hospitals, and non-acute care providers, including physician practices and medical groups; payors; and long-term care or post-acute providers. Our healthcare-focused services and products include financial and operational performance improvement consulting, which spans revenue cycle, business operations and care delivery transformation; digital offerings, spanning technology and analytic-related services, including enterprise health record (“EHR”), enterprise resource planning (“ERP”) and enterprise performance management (“EPM”),
customer relationship management (“CRM”), data management, artificial intelligence (“AI”) and automation, and technology managed services, and a portfolio of software products; human capital management; revenue cycle managed services and outsourcing; financial advisory consulting; and strategy and innovation consulting.
•Education
Our Education segment serves public and private colleges and universities, research institutes, not-for-profit organizations and other education-related organizations. Our education and research-focused services and products include our digital offerings, spanning technology and analytic-related services, including student information systems, ERP and EPM, CRM, data management, AI and automation, and technology managed services and our Huron Research Suite product suite (the leading software suite designed to facilitate and improve research administration service delivery and compliance); our research-focused consulting and managed services; our strategy and operations consulting services, which span finance, accounting, operations and athletics to organization and talent strategy and student and academic strategy; and our global philanthropy consulting services, which were bolstered by the acquisitions of Grenzebach Glier and Associates (“GG+A”) in March 2024 and Advancement Resources and Halpin in March 2025.
•Commercial
Our Commercial segment is focused on serving industries and organizations facing significant disruption and regulatory change by helping them adapt to rapidly changing environments and accelerate business transformation. Our Commercial professionals work primarily with six primary buyers: the chief executive officer, the chief financial officer, the chief strategy officer, the chief human resources officer, the chief operating officer, and organizational advisors, including lenders and law firms. We have a deep focus on serving organizations in the financial services, energy and utilities, industrials and manufacturing industries and the public sector while opportunistically serving commercial industries more broadly, including professional and business services, life sciences, consumer products, and retail. Our Commercial professionals use their deep industry, functional and technical expertise to deliver our digital services and software products, financial advisory (special situation advisory and corporate finance advisory) consulting services, and strategy and innovation consulting services. In December 2024, we expanded our Commercial consulting and digital services offerings through the acquisition of AXIA Consulting, Inc. (“AXIA Consulting”), a leading provider of supply chain-focused consulting and technology solutions who has deep expertise in the industrials and manufacturing and retail sectors.
Our chief operating decision maker (“CODM”), who is our chief executive officer, manages the business under these three reportable segments. Our CODM uses segment operating income in the annual budgeting and quarterly forecasting process as well as on a monthly basis for evaluating the performance of each segment and making decisions about allocating capital and other resources to each segment. Our CODM does not evaluate segments using asset information.
Segment operating income consists of the revenues generated by a segment, less operating expenses that are incurred directly by the segment. Unallocated costs include corporate costs related to administrative functions that are performed in a centralized manner, as well as restructuring charges, depreciation and amortization, and interest expense that are not attributable to a particular segment. The administrative function costs include corporate office support costs, office facility costs, costs related to accounting and finance, human resources, legal, marketing, information technology, and company-wide business development functions, as well as costs related to overall corporate management. 
The table below sets forth information about our operating segments for the three months ended March 31, 2025 and 2024, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements. We do not present financial information by geographic area because the financial results of our international operations are not significant to our consolidated financial statements.
Three Months Ended
March 31,
20252024
Healthcare:
Revenues before reimbursable expenses$198,490 $180,742 
Reimbursable expenses4,831 4,227 
Total revenues203,321 184,969 
Operating expenses:
Direct costs130,312 123,659 
Reimbursable expenses4,831 4,326 
Selling, general and administrative expenses10,331 12,435 
Depreciation and amortization1,567 1,737 
Other segment items(1)
(36)118 
Total segment operating expenses147,005 142,275 
Segment operating income$56,316 $42,694 
Education:
Revenues before reimbursable expenses$122,748 $111,583 
Reimbursable expenses2,268 1,962 
Total revenues125,016 113,545 
Operating expenses:
Direct costs90,365 84,557 
Reimbursable expenses2,268 1,994 
Selling, general and administrative expenses8,362 4,894 
Depreciation and amortization969 147 
Other segment items(1)
(8)(3)
Total segment operating expenses101,956 91,589 
Segment operating income$23,060 $21,956 
Commercial:
Revenues before reimbursable expenses$74,452 $63,636 
Reimbursable expenses1,352 1,235 
Total revenues75,804 64,871 
Operating expenses:
Direct costs57,179 45,070 
Reimbursable expenses1,352 1,264 
Selling, general and administrative expenses5,752 4,449 
Depreciation and amortization236 60 
Other segment items(1)
(11)(11)
Total segment operating expenses64,508 50,832 
Segment operating income$11,296 $14,039 
Total Huron:
Revenues before reimbursable expenses$395,690 $355,961 
Reimbursable expenses8,451 7,424 
Total revenues $404,141 $363,385 
Segment operating income$90,672 $78,689 
Items not allocated at the segment level:
Unallocated corporate expenses 52,371 50,939 
Other losses
— 1,568 
Restructuring charges
1,392 2,233 
Depreciation and amortization4,177 4,028 
Operating income32,732 19,921 
Other expense, net(11,280)(2,361)
Income before taxes$21,452 $17,560 
(1)Other segment items in each segment consists of restructuring charges for all periods presented.
The following tables illustrate the disaggregation of segment total revenues and segment revenues before reimbursable expenses by our two principal capabilities: i) Consulting and Managed Services and ii) Digital, and includes a reconciliation to consolidated total revenues and consolidated revenues before reimbursable expenses. We manage our business on the basis of revenues before reimbursable expenses, which we believe is the most accurate reflection of our services because it eliminates the effect of reimbursable expenses that we bill to our clients at cost.
Three Months Ended
March 31,
Total Revenues by Capability20252024
Healthcare:
Consulting and Managed Services$147,033 $127,352 
Digital56,288 57,617 
Total revenues$203,321 $184,969 
Education:
Consulting and Managed Services$64,658 $55,894 
Digital60,358 57,651 
Total revenues$125,016 $113,545 
Commercial:
Consulting and Managed Services$17,092 $22,670 
Digital58,712 42,201 
Total revenues$75,804 $64,871 
Total Huron:
Consulting and Managed Services$228,783 $205,916 
Digital175,358 157,469 
Total revenues$404,141 $363,385 
Three Months Ended
March 31,
Revenues before Reimbursable Expenses by Capability20252024
Healthcare:
Consulting and Managed Services$143,374 $124,211 
Digital55,116 56,531 
Total revenues before reimbursable expenses$198,490 $180,742 
Education:
Consulting and Managed Services$63,544 $55,109 
Digital59,204 56,474 
Total revenues before reimbursable expenses$122,748 $111,583 
Commercial:
Consulting and Managed Services$17,003 $22,239 
Digital57,449 41,397 
Total revenues before reimbursable expenses$74,452 $63,636 
Total Huron:
Consulting and Managed Services$223,921 $201,559 
Digital171,769 154,402 
Total revenues before reimbursable expenses$395,690 $355,961 
For the three months ended March 31, 2025 and 2024, substantially all of our revenues were recognized over time. During the three months ended March 31, 2025 and 2024, no single client generated greater than 10% of our consolidated total revenues. At March 31, 2025 and December 31, 2024, no single client accounted for greater than 10% of our combined balance of receivables from clients, net and unbilled services, net.