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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Components of Segment Information | The table below sets forth information about our operating segments for the three and six months ended June 30, 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Healthcare: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 197,822 |  |  | $ | 190,098 |  |  | $ | 396,312 |  |  | $ | 370,840 |
Reimbursable expenses | 5,449 |  |  | 5,583 |  |  | 10,280 |  |  | 9,810 |
Total revenues | 203,271 |  |  | 195,681 |  |  | 406,592 |  |  | 380,650 |
Operating expenses: |  |  |  |  |  |  |
Direct costs | 125,759 |  |  | 119,156 |  |  | 256,071 |  |  | 242,815 |
Reimbursable expenses | 5,449 |  |  | 5,516 |  |  | 10,280 |  |  | 9,842 |
Selling, general and administrative expenses | 10,847 |  |  | 13,924 |  |  | 21,178 |  |  | 26,359 |
Depreciation and amortization | 1,568 |  |  | 1,821 |  |  | 3,135 |  |  | 3,558 |
Other segment items(1) | (3) |  |  | 18 |  |  | (39) |  |  | 136 |
Total segment operating expenses | 143,620 |  |  | 140,435 |  |  | 290,625 |  |  | 282,710 |
Segment operating income | $ | 59,651 |  |  | $ | 55,246 |  |  | $ | 115,967 |  |  | $ | 97,940 |
Education: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 129,301 |  |  | $ | 122,753 |  |  | $ | 252,049 |  |  | $ | 234,336 |
Reimbursable expenses | 2,385 |  |  | 2,433 |  |  | 4,653 |  |  | 4,395 |
Total revenues | 131,686 |  |  | 125,186 |  |  | 256,702 |  |  | 238,731 |
Operating expenses: |  |  |  |  |  |  |
Direct costs | 86,984 |  |  | 85,040 |  |  | 177,349 |  |  | 169,597 |
Reimbursable expenses | 2,385 |  |  | 2,546 |  |  | 4,653 |  |  | 4,540 |
Selling, general and administrative expenses | 8,842 |  |  | 6,551 |  |  | 17,204 |  |  | 11,445 |
Depreciation and amortization | 1,146 |  |  | 258 |  |  | 2,115 |  |  | 405 |
Other segment items(1) | — |  |  | (1) |  |  | (8) |  |  | (4) |
Total segment operating expenses | 99,357 |  |  | 94,394 |  |  | 201,313 |  |  | 185,983 |
Segment operating income | $ | 32,329 |  |  | $ | 30,792 |  |  | $ | 55,389 |  |  | $ | 52,748 |
Commercial: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 75,382 |  |  | $ | 58,803 |  |  | $ | 149,834 |  |  | $ | 122,439 |
Reimbursable expenses | 1,416 |  |  | 1,347 |  |  | 2,768 |  |  | 2,582 |
Total revenues | 76,798 |  |  | 60,150 |  |  | 152,602 |  |  | 125,021 |
Operating expenses: |  |  |  |  |  |  |
Direct costs | 56,214 |  |  | 44,347 |  |  | 113,393 |  |  | 89,417 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Reimbursable expenses | 1,416 |  |  | 1,364 |  |  | 2,768 |  |  | 2,628 |
Selling, general and administrative expenses | 6,316 |  |  | 5,371 |  |  | 12,068 |  |  | 9,820 |
Depreciation and amortization | 236 |  |  | 60 |  |  | 472 |  |  | 120 |
Other segment items(1) | 109 |  |  | (7) |  |  | 98 |  |  | (18) |
Total segment operating expenses | 64,291 |  |  | 51,135 |  |  | 128,799 |  |  | 101,967 |
Segment operating income | $ | 12,507 |  |  | $ | 9,015 |  |  | $ | 23,803 |  |  | $ | 23,054 |
Total Huron: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 402,505 |  |  | $ | 371,654 |  |  | $ | 798,195 |  |  | $ | 727,615 |
Reimbursable expenses | 9,250 |  |  | 9,363 |  |  | 17,701 |  |  | 16,787 |
Total revenues | $ | 411,755 |  |  | $ | 381,017 |  |  | $ | 815,896 |  |  | $ | 744,402 |
Segment operating income | $ | 104,487 |  |  | $ | 95,053 |  |  | $ | 195,159 |  |  | $ | 173,742 |
Items not allocated at the segment level: |  |  |  |  |  |  |
Unallocated corporate expenses | 54,281 |  |  | 45,626 |  |  | 106,652 |  |  | 96,565 |
Other gains, net | (71) |  |  | (15,917) |  |  | (71) |  |  | (14,349) |
Restructuring charges | 455 |  |  | 2,047 |  |  | 1,847 |  |  | 4,280 |
Depreciation and amortization | 4,168 |  |  | 3,894 |  |  | 8,345 |  |  | 7,922 |
Operating income | 45,654 |  |  | 59,403 |  |  | 78,386 |  |  | 79,324 |
Other expense, net | (17,946) |  |  | (7,308) |  |  | (29,226) |  |  | (9,669) |
Income before taxes | $ | 27,708 |  |  | $ | 52,095 |  |  | $ | 49,160 |  |  | $ | 69,655 |
Disaggregation of Revenue |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Total Revenues by Capability |  | 2025 |  | 2024 |  | 2025 |  | 2024
Healthcare: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 150,148 |  |  | $ | 138,464 |  |  | $ | 297,181 |  |  | $ | 265,816 |
Digital |  | 53,123 |  |  | 57,217 |  |  | 109,411 |  |  | 114,834 |
Total revenues |  | $ | 203,271 |  |  | $ | 195,681 |  |  | $ | 406,592 |  |  | $ | 380,650 |
Education: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 68,351 |  |  | $ | 65,178 |  |  | $ | 133,009 |  |  | $ | 121,072 |
Digital |  | 63,335 |  |  | 60,008 |  |  | 123,693 |  |  | 117,659 |
Total revenues |  | $ | 131,686 |  |  | $ | 125,186 |  |  | $ | 256,702 |  |  | $ | 238,731 |
Commercial: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 16,225 |  |  | $ | 20,919 |  |  | $ | 33,317 |  |  | $ | 43,589 |
Digital |  | 60,573 |  |  | 39,231 |  |  | 119,285 |  |  | 81,432 |
Total revenues |  | $ | 76,798 |  |  | $ | 60,150 |  |  | $ | 152,602 |  |  | $ | 125,021 |
Total Huron: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 234,724 |  |  | $ | 224,561 |  |  | $ | 463,507 |  |  | $ | 430,477 |
Digital |  | 177,031 |  |  | 156,456 |  |  | 352,389 |  |  | 313,925 |
Total revenues |  | $ | 411,755 |  |  | $ | 381,017 |  |  | $ | 815,896 |  |  | $ | 744,402 |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Revenues before Reimbursable Expenses by Capability |  | 2025 |  | 2024 |  | 2025 |  | 2024
Healthcare: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 145,755 |  |  | $ | 133,987 |  |  | $ | 289,129 |  |  | $ | 258,198 |
Digital |  | 52,067 |  |  | 56,111 |  |  | 107,183 |  |  | 112,642 |
Total revenues before reimbursable expenses |  | $ | 197,822 |  |  | $ | 190,098 |  |  | $ | 396,312 |  |  | $ | 370,840 |
Education: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 67,329 |  |  | $ | 63,831 |  |  | $ | 130,873 |  |  | $ | 118,940 |
Digital |  | 61,972 |  |  | 58,922 |  |  | 121,176 |  |  | 115,396 |
Total revenues before reimbursable expenses |  | $ | 129,301 |  |  | $ | 122,753 |  |  | $ | 252,049 |  |  | $ | 234,336 |
Commercial: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 16,038 |  |  | $ | 20,521 |  |  | $ | 33,041 |  |  | $ | 42,760 |
Digital |  | 59,344 |  |  | 38,282 |  |  | 116,793 |  |  | 79,679 |
Total revenues before reimbursable expenses |  | $ | 75,382 |  |  | $ | 58,803 |  |  | $ | 149,834 |  |  | $ | 122,439 |
Total Huron: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 229,122 |  |  | $ | 218,339 |  |  | $ | 453,043 |  |  | $ | 419,898 |
Digital |  | 173,383 |  |  | 153,315 |  |  | 345,152 |  |  | 307,717 |
Total revenues before reimbursable expenses |  | $ | 402,505 |  |  | $ | 371,654 |  |  | $ | 798,195 |  |  | $ | 727,615 |

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