EXPONasdaqServices-Management Consulting ServicesUS GAAP · USD

Exponent, Inc

Exponent Inc. is a science and engineering consulting firm that helps clients solve complex technical, safety, regulatory, and litigation-related problems. Its multidisciplinary teams of scientists, physicians, engineers, and business consultants work across more than 90 technical disciplines, with roots in failure analysis and accident investigation dating back to 1967.

Liikevaihto582milj. USD
+4,2 %v/v
Liikevoitto (EBIT)120milj. USD
+0,2 %v/v
EBIT-marginaali20,6%
−0,8 %-yks.v/v
Nettotulos106milj. USD
−2,7 %v/v
Vapaa kassavirta122milj. USD
−11,1 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

0200400600milj. USD2021: 466 milj. USD2021: EBIT 109 milj. USD20212022: 513 milj. USD2022: EBIT 141 milj. USD20222023: 537 milj. USD2023: EBIT 111 milj. USD20232024: 559 milj. USD2024: EBIT 120 milj. USD20242025: 559 milj. USD2025: EBIT 120 milj. USD20252026: 582 milj. USD2026: EBIT 120 milj. USD2026582120
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Engineering and Other Scientific Consulting70 %

Technical consulting for accidents, failures, disputes, product safety, and engineering analysis.

Environmental and Health Consulting30 %

Regulatory consulting, health sciences, and environmental-related advisory work.

Asiakkaat

Exponent serves corporations that need independent technical expertise, as well as law firms and insurance companies involved in disputes or claims. Its client base spans consumer products, energy and utilities, transportation, chemicals, life sciences, construction, industrial equipment, technology, and government. Many engagements are reactive and tied to accidents, failures, litigation, or regulatory events, while others are proactive and support product development, safety, and sustainability.

Large enterprise clients

Buy technical consulting for product, process, safety, and failure-related issues to support operations and innovation.

Law firms and litigation parties

Buy expert analysis and testimony support for disputes, claims, and adversarial matters.

Insurance companies

Buy independent investigations and technical assessments tied to claims and liability matters.

Utilities and energy companies

Buy risk management, asset integrity, failure analysis, and dispute-related consulting.

Regulated product and life sciences companies

Buy regulatory consulting, health sciences, and product development support to manage safety and compliance.

Strategia

Exponent is focused on expanding its multidisciplinary consulting platform across proactive and reactive work, using technical breadth to address increasingly complex products and processes. Management is emphasizing resource utilization, billable hours, and billing rates while growing in markets such as utilities, chemicals, energy, transportation, and life sciences. The company also continues to invest in corporate infrastructure, cybersecurity, and new markets for its technical disciplines.

Expand proactive consultingKeskipitkä aikaväli

Proactive work is less event-driven and can deepen client relationships across the product lifecycle.

Strengthen reactive dispute and failure-analysis capabilitiesLyhyt aikaväli

Reactive work is a core source of demand when accidents, failures, or litigation arise.

Improve utilization and pricingLyhyt aikaväli

Higher utilization and billing rates directly support margins in a labor-based consulting model.

Invest in infrastructure and securityKeskipitkä aikaväli

Technology, data protection, and internal systems support delivery quality and client trust.

Maantiede

2026

Exponent is headquartered in Menlo Park, California and operates primarily from the United States, with client work described across global markets. The filings do not provide a country revenue split, but the business clearly serves international disputes and projects, especially in energy and infrastructure-related work around the world. Geography matters because demand is tied to local regulation, litigation venues, and industrial activity rather than a single consumer market.

USA89 %
Other countries (US filing)11 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Exponent’s business is inherently uneven because many engagements are reactive, short-notice, and terminable, which makes quarterly revenue and margins volatile. The firm also faces competition, low barriers to entry in some disciplines, staffing and pricing pressure, cybersecurity and data protection risk, and professional liability exposure from high-stakes technical opinions. Because its work depends on specialized talent and client trust, changes in demand, regulation, or personnel mix can quickly affect growth and profitability.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Uneven demand from reactive engagements1Pricing pressure and competition2Talent acquisition and retention3Cybersecurity and data protection4Professional and other liability5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Uneven demand from reactive engagementsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Many projects arise from accidents, disputes, or client events that are hard to predict and can be delayed or canceled.

    Kohdistuu: Quarterly revenue and operating margin volatility

  2. Pricing pressure and competitionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The market is fragmented, barriers to entry are low, and some competitors may offer acceptable services at lower prices.

    Kohdistuu: Billing rates and utilization

  3. Talent acquisition and retentionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The firm needs specialized scientists and engineers whose skills must match changing client needs and technologies.

    Kohdistuu: Growth capacity and service quality

  4. Cybersecurity and data protectionVaikutus: KorkeaTodennäköisyys: Matala

    The company handles confidential client and employee information and has experienced security breaches and threats.

    KohdistuuOperationsReputationLegal claims
  5. Professional and other liabilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Consulting opinions in disputes and safety matters can have significant financial consequences for clients.

    KohdistuuClaimsLitigationReputational damage

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for consulting engagements

Revenue depends on service delivery timing, billable hours, and reimbursable expenses, which can shift results between periods.

Vaikutus: Quarterly comparability and margin analysis

Allowance for contract losses and doubtful accounts

Management must estimate collectability and project losses on engagements, which can change reported earnings.

Vaikutus: Operating income and receivables quality

Goodwill impairment

The company carries goodwill that is tested for impairment and could require a material charge if performance weakens.

Vaikutus: Non-cash earnings volatility

Stock-based compensation and deferred compensation

These items affect operating expenses and can move with equity markets and award activity.

Vaikutus: Reported compensation expense

Lease accounting and capital expenditures

Facility leases and infrastructure investment affect operating costs and cash flow timing.

Vaikutus: Cash flow and expense recognition

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026