HCKT

HACKETT GROUP, INC.
7 filings tracked
technologycloud computingSMALL ($300M-2B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

The Hackett Group is demonstrating a significant shift in its profitability profile, successfully decoupling its cost structure from revenue volatility.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Beneath the surface of reported margin expansion, The Hackett Group is facing a fundamental deterioration in its core business engines. Total revenue fell 11.6% year-over-year, with significant declines in the Global S&BT and Oracle Solutions segments.…

Risk Factors

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Synthesis (Verdict & Resolution)

The latest 10-Q presents a stark contrast between operational efficiency and top-line health. On one hand, Hackett has proven it can generate significantly more profit from less revenue, a testament to its ability to cut costs and leverage AI to improve margins. On the other hand, the organic decline in its primary consulting segments suggests that the broader demand for its traditional services is waning or that the transition to AI is cannibalizing old revenue streams faster than new ones are being established. Investors are left to decide if the current trajectory is a sustainable evolution into a high-margin tech firm or a managed decline of a legacy consultancy. The success of the SAP Solutions segment provides a glimmer of growth, but the overall cash burn and increased debt levels create a tighter margin for error. The ultimate outcome will depend on whether the AI XPLR and ZBrain platforms can accelerate client decision cycles and drive a meaningful return to revenue growth in the coming quarters.

Selected Quarter

Core Takeaway

The company is successfully reducing its cost base via AI, but is struggling to maintain top-line growth in core consulting.

Investor Lens

The trade-off is between impressive short-term margin expansion and a deteriorating long-term revenue trend.

Watch Next

The ability of the Global S&BT segment to stabilize revenue and the impact of the $22M remaining buyback authorization.

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.05Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%
bullishMay 6

Operating income more than doubled despite a decline in total revenue.

margin expansion
90%
bearishMay 6

Total revenue declined 11.6% year-over-year.

earnings miss
60%
bullishMay 6

Active share repurchase program with $22 million remaining authorization.

buyback
40%
bearishMay 6

Increased reliance on credit facility to fund operations and buybacks.

debt restructure
50%

Filing History

10-QMay 6, 2026
Expand Sequence

The latest 10-Q presents a stark contrast between operational efficiency and top-line health. On one hand, Hackett has proven it can generate significantly more profit from less revenue, a testament to its ability to cut costs and leverage AI to improve margins. On the other hand, the organic decline in its primary consulting segments suggests that the broader demand for its traditional services is waning or that the transition to AI is cannibalizing old revenue streams faster than new ones are being established. Investors are left to decide if the current trajectory is a sustainable evolution into a high-margin tech firm or a managed decline of a legacy consultancy. The success of the SAP Solutions segment provides a glimmer of growth, but the overall cash burn and increased debt levels create a tighter margin for error. The ultimate outcome will depend on whether the AI XPLR and ZBrain platforms can accelerate client decision cycles and drive a meaningful return to revenue growth in the coming quarters.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.