For the quarter ending 2026-03-31, HURN had $1,951K increase in cash & cash equivalents over the period. -$167,848K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| (gains) losses on sale of property and equipment | - | -132 | 0 | 0 |
| Net income (loss) | 23,247 | 30,654 | 30,420 | 43,966 |
| Depreciation and amortization | 9,721 | 8,965 | 9,398 | 14,066 |
| Non-cash lease expense | 1,641 | 2,284 | 1,628 | 2,855 |
| Lease-related impairment charges | 0 | -424 | 424 | 738 |
| Credit-related impairment charge on convertible debt investment | - | 743 | 0 | -11,125 |
| Gain (loss) on termination of lease | 3,814 | - | - | - |
| Share-based compensation | 15,693 | 10,193 | 10,562 | 25,757 |
| Amortization of debt discount and issuance costs | 288 | 289 | 287 | 571 |
| Allowances for doubtful accounts | 133 | 552 | -6 | 396 |
| Deferred income taxes | 2,339 | 1,776 | 8,705 | 399 |
| Gain (loss) on disposition of business | 303 | 0 | - | - |
| Change in fair value of contingent consideration liabilities | 3,840 | 3,023 | 0 | -71 |
| Change in fair value of equity investment | 0 | 0 | 0 | -5,014 |
| (increase) decrease in receivables from clients, net | 22,660 | -15,535 | 4,125 | -5,494 |
| (increase) decrease in unbilled services, net | 39,979 | -280 | 5,162 | 26,945 |
| (increase) decrease in current income tax receivable / payable, net | -57 | 9,665 | -301 | -17,161 |
| (increase) decrease in other assets | 4,354 | -5,110 | 11,638 | 6,051 |
| Increase (decrease) in accounts payable and other liabilities | -5,005 | -7,777 | -2,539 | 4,063 |
| Increase (decrease) in accrued payroll and related benefits | -142,770 | 46,099 | 54,511 | -91,280 |
| Increase (decrease) in deferred revenues | -128 | 794 | 1,603 | 284 |
| Net cash used in operating activities | -162,168 | 126,407 | 93,767 | -26,780 |
| Purchases of property and equipment | 5,680 | 2,578 | 3,967 | 3,892 |
| Investments in life insurance policies | 0 | 344 | 585 | 2,312 |
| Distributions from life insurance policies | - | 0 | - | - |
| Purchases of businesses, net of cash acquired | -1,493 | 4,456 | 54,063 | 53,111 |
| Proceeds from sale of property and equipment | - | 50 | 0 | 0 |
| Capitalization of internally developed software costs | 6,177 | 5,241 | 4,487 | 10,919 |
| Proceeds from note receivable | 2,250 | 0 | 0 | 154 |
| Proceeds from divestiture of businesses, net of cash divested | 300 | 0 | - | - |
| Net cash used in investing activities | -7,814 | -12,569 | -63,102 | -70,080 |
| Proceeds from exercises of stock options | 708 | 945 | 1,551 | 2,591 |
| Shares redeemed for employee tax withholdings | 20,530 | 594 | 467 | 32,507 |
| Payments for debt issuance costs | - | 0 | 3,100 | 0 |
| Share repurchases | 153,130 | 13,628 | 18,728 | 134,369 |
| Proceeds from bank borrowings | 413,000 | 67,000 | 489,000 | 552,000 |
| Repayments of bank borrowings | 68,000 | 167,000 | 535,813 | 251,875 |
| Deferred payments for business acquisitions | 0 | 0 | 0 | 36 |
| Net cash provided by financing activities | 172,048 | -113,277 | -67,557 | 135,804 |
| Effect of exchange rate changes on cash | -115 | 58 | -230 | 156 |
| Net increase in cash and cash equivalents | 1,951 | 619 | -37,122 | 39,100 |
| Cash and cash equivalents at beginning of the period | 24,508 | 23,889 | 21,911 | - |
| Cash and cash equivalents at end of the period | 26,459 | 24,508 | 23,889 | - |