XML 89 R9.htm IDEA: XBRL DOCUMENT v3.25.3
Reportable Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reportable Segments
Note B - Reportable Segments
Kforce’s two reportable segments are Technology and Finance and Accounting (“FA”). Within each segment, we provide highly skilled professionals on a Flex and Direct Hire basis to our customers on traditional staffing engagements and increasingly, within our Technology segment, as a part of an overall solutions engagement. The chief operating decision-maker (“CODM”), our President and Chief Executive Officer, establishes the strategic direction of the Firm, its priorities and longer-term financial objectives. Our CODM is ultimately responsible for evaluating segment performance and making decisions regarding resource allocation. Our CODM evaluates performance based on, among others, revenue trends (relative to peers and market benchmarks) and segment gross profit, and other key leading indicators such as client visits, job order trends for traditional staffing assignments, opportunity pipeline reviews for solutions-oriented engagements, and trends in consultants on assignment. The CODM uses these financial metrics and productivity measures when making decisions about allocating capital and resources to the segments.
Segment gross profit is defined as segment revenue, less direct costs attributable to the reportable segment. The CODM is not provided income from operations or asset information by reportable segment as operations are largely combined.
The following table provides information on the operations of our segments:
(in thousands)TechnologyFATotal
Three Months Ended September 30,
2025
Revenue$307,145 $25,500 $332,645 
Direct costs224,799 15,589 240,388 
Gross profit$82,346 $9,911 $92,257 
Less:
Selling, general and administrative expenses75,884 
Depreciation and amortization1,371 
Other expense, net758 
Income before income taxes$14,244 
2024
Revenue$325,511 $27,808 $353,319 
Direct costs238,018 16,734 254,752 
Gross profit$87,493 $11,074 $98,567 
Less:
Selling, general and administrative expenses78,308 
Depreciation and amortization1,543 
Other expense, net429 
Income before income taxes$18,287 
(in thousands)TechnologyFATotal
Nine Months Ended September 30,
2025
Revenue$923,956 $73,033 $996,989 
Direct costs680,852 44,972 725,824 
Gross profit$243,104 $28,061 $271,165 
Less:
Selling, general and administrative expenses225,419 
Depreciation and amortization4,225 
Other expense, net2,352 
Income before income taxes$39,169 
2024
Revenue$975,469 $86,057 $1,061,526 
Direct costs716,042 52,694 768,736 
Gross profit$259,427 $33,363 $292,790 
Less:
Selling, general and administrative expenses234,216 
Depreciation and amortization4,431 
Other expense, net1,589 
Income before income taxes$52,554