Logotype for Exponent Inc

Exponent (EXPO) investor relations material

Exponent Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Exponent Inc
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Q2 2025 revenues increased 1% year-over-year to $142M, driven by dispute-related growth in construction, automotive, and medical device sectors, while proactive risk management in utilities offset softer chemical regulatory demand.

  • Net income for Q2 2025 decreased to $26.6M ($0.52 per diluted share), down from $29.2M ($0.57) in Q2 2024, due to higher compensation and operating expenses and a lower tax benefit from stock-based awards.

  • Billable hours declined 6% to 359,000; utilization dropped to 72% from 75% year-over-year; technical FTEs down 2% to 958.

  • Early-stage work in energy transition, AI, digital health, and immersive technologies shows long-term growth potential.

  • Cash and cash equivalents at July 4, 2025, were $231.8M, down from $258.9M at January 3, 2025.

Financial highlights

  • Q2 2025 total revenues: $142M (up 1% year-over-year); net revenues before reimbursements: $132.9M (flat); six-month revenues: $287.5M (up 1%).

  • Q2 2025 net income: $26.6M (down 9% year-over-year); six-month net income: $53.2M (down 10%).

  • Q2 2025 EBITDA: $37M (27.8% margin), down from $39.9M (30.2%) year-over-year; H1 2025 EBITDA: $74.5M.

  • Q2 2025 operating income: $17.2M (down 52% year-over-year); six-month operating income: $61.6M (down 7%).

  • Paid $31.6M in dividends and repurchased $32.7M of stock in H1 2025.

Outlook and guidance

  • Q3 2025 net revenues expected to rise mid-single digits year-over-year; EBITDA margin forecast at 26.75%-27.75%.

  • Full-year 2025 guidance maintained: net revenues to grow low single digits, EBITDA margin 26.5%-27%.

  • Q4 2025 will face a 6% revenue headwind due to fewer workdays versus Q4 2024; fiscal 2025 returns to a 52-week year.

  • Technical FTEs expected to be up 1%-2% in Q3 and 4% higher by year-end.

  • Utilization for Q3 and full year expected at ~72%-73%; realized rate increase of 4%-5%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Exponent earnings date

Logotype for Exponent Inc
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Exponent earnings date

Logotype for Exponent Inc
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Exponent Inc. is a multidisciplinary engineering and scientific consulting firm. The company offers analysis, research, and testing services in fields such as mechanical engineering, materials science, health, and environmental science, primarily to corporations, insurance firms, and government agencies. It is headquartered in Menlo Park, California, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage