RESOURCES CONNECTION, INC. RGP
Resources Connection, Inc. ("RGP," the "Company," "we" or "us") is a global professional services firm based in Dallas, Texas (with offices worldwide) with three decades of experience helping the world's top organizations navigate change and seize opportunity. With three integrated offerings—On-Demand Talent, Consulting, and Outsourced Services—the Company provides CFOs and other C-suite leaders with the flexibility to solve today's most pressing challenges. The Company's principal markets of operations are North America, Europe & Asia Pacific.
The Company operates under the following business units: (i) On-Demand Talent, (ii) Consulting, (iii) Europe & Asia Pacific, (iv) Outsourced Services, and (v) Sitrick (disclosed as "All Other"). As noted below, we divested our Sitrick business on May 2, 2026.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $452.0M | $551.3M | $632.8M | $775.6M | $805.0M | $629.5M | $703.4M | $729.0M | $654.1M | $583.4M |
| Cost of revenue | $282.3M | $343.9M | $386.7M | $462.5M | $488.4M | $388.1M | $427.9M | $446.6M | $408.1M | $362.1M |
| Gross profit | $169.7M | $207.4M | $246.1M | $313.1M | $316.6M | $241.4M | $275.5M | $282.4M | $246.1M | $221.3M |
| SG&A | $202.8M | $202.0M | $208.9M | $228.8M | $224.7M | $209.3M | $228.1M | $223.8M | $209.0M | $183.5M |
| Operating income | -$38.3M | -$196.8M | $28.8M | $72.8M | $83.4M | $23.0M | $36.7M | $50.2M | $30.6M | $34.4M |
| Interest expense | — | — | $1.1M | $552.0K | $1.1M | $1.6M | $2.1M | $2.2M | $1.7M | $629.0K |
| Pre-tax income | -$38.1M | -$196.1M | $29.8M | $72.6M | $83.0M | $22.7M | $35.2M | $48.0M | $28.9M | $33.8M |
| Income tax | $2.5M | $4.3M | $8.8M | $18.3M | $15.8M | $2.5M | $6.9M | $16.5M | $10.1M | $15.1M |
| Net income | -$40.6M | -$191.8M | $21.0M | $54.4M | $67.2M | $25.2M | $28.3M | $31.5M | $18.8M | $18.7M |
| EPS, basic | -1.21 | -5.80 | 0.63 | 1.63 | 2.04 | 0.78 | 0.88 | 1.00 | 0.61 | 0.57 |
| EPS, diluted | -1.21 | -5.80 | 0.62 | 1.59 | 2.00 | 0.78 | 0.88 | 0.98 | 0.60 | 0.56 |
| Shares, diluted (wtd. avg.) | $33.6M | $33.1M | $33.9M | $34.2M | $33.6M | $32.6M | $32.2M | $32.2M | $31.2M | $33.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $82.4M | $86.1M | $108.9M | $116.8M | $104.2M | $74.4M | $95.6M | $43.0M | $56.5M | $62.3M |
| Short-term investments | — | — | — | — | — | — | — | $6.0M | $0 | $0 |
| Receivables | $71.9M | $99.2M | $108.5M | $137.4M | $153.2M | $116.5M | $125.0M | $133.3M | $130.5M | $98.2M |
| Total current assets | $169.6M | $203.7M | $240.8M | $264.1M | $308.5M | $235.3M | $231.0M | $191.7M | $194.9M | $166.8M |
| Property, plant and equipment | $3.4M | $4.4M | $3.8M | $15.4M | $17.7M | $20.5M | $23.6M | $26.6M | $22.4M | $23.4M |
| Goodwill | $28.8M | $28.8M | $216.6M | $206.7M | $209.8M | $216.8M | $214.1M | $190.8M | $191.9M | $171.1M |
| Other intangibles | $15.2M | $19.0M | $9.6M | $11.5M | $15.8M | $20.2M | $20.1M | $14.6M | $18.5M | — |
| Total assets | $257.4M | $304.7M | $510.9M | $532.0M | $581.5M | $520.6M | $529.2M | $428.4M | $432.7M | $364.1M |
| Accounts payable | $12.0M | $13.9M | $15.2M | $14.5M | $13.6M | $16.0M | $15.8M | $21.6M | $23.3M | $14.1M |
| Total current liabilities | $67.5M | $75.4M | $72.4M | $97.1M | $124.3M | $100.9M | $94.9M | $91.4M | $94.5M | $71.8M |
| Long-term debt | — | $0 | $0 | $0 | $54.0M | $43.0M | $88.0M | $43.0M | $63.0M | $48.0M |
| Total liabilities | $87.6M | $97.6M | $92.2M | $117.5M | $209.0M | $191.1M | $225.5M | $146.0M | $163.8M | $126.0M |
| Retained earnings | -$174.3M | -$121.6M | $88.6M | $87.6M | $52.7M | $367.2M | $360.5M | $350.2M | $335.7M | $332.0M |
| Total equity | $169.8M | $207.1M | $418.8M | $414.5M | $372.4M | $329.5M | $303.7M | $282.4M | $268.8M | $238.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4M | $18.9M | $21.9M | $81.6M | $49.4M | $39.9M | $49.5M | $43.6M | $15.4M | $28.3M |
| Depreciation and amortisation | $1.3M | $1.9M | $3.0M | $3.5M | $3.6M | $3.9M | $5.0M | $4.7M | — | — |
| Stock-based compensation | $11.6M | $6.8M | $5.7M | $9.5M | $8.2M | $6.6M | $6.1M | $6.6M | $6.0M | $6.1M |
| Capital expenditure | $808.0K | $2.7M | $1.1M | $2.0M | $3.0M | $3.8M | $2.3M | $6.9M | $2.2M | $4.8M |
| Investing cash flow | $1.1M | -$13.6M | -$8.6M | $3.9M | -$3.0M | -$3.8M | -$26.8M | -$12.9M | -$25.7M | $20.4M |
| Financing cash flow | -$7.5M | -$27.7M | -$20.7M | -$71.9M | -$13.4M | -$59.5M | $30.9M | -$43.6M | $3.5M | -$76.9M |
| Dividends paid | $9.4M | $18.6M | $18.8M | $18.8M | $18.6M | $18.2M | $17.6M | $16.2M | $14.3M | $14.2M |
| Buybacks | $0 | $13.0M | $8.0M | $15.2M | $19.7M | — | $5.0M | $29.9M | $5.1M | $118.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001084765-26-000051.
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