undamentalytics Newsletter
Sign in

Resources Connection, Inc. (RGP) stock

Add to watchlist

Add holding +

NASDAQ: RGP Nasdaq Human Resource & Employment Services Next results ~January 6, 2027

D Fundamentals grade

Resources Connection, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in May.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$5.9

Cash-flow model

Base case. Range ~$4.8–$7.3 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 123% above it.

Price used: $2.65, November 2, 2026

Resources Connection, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling4 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds80 adding, 66 cuttingOf 27 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Resources Connection files

Where Resources Connection stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $430m, down 19.6% on a year earlier, a steeper fall than the 18.0% decline a quarter earlier. That puts it 16 of 16 for growth among the human resource & employment services companies we cover. Free-cash-flow margin fell to -2.5% from 1.6% a year earlier. Operating margin widened to -10.1% from -36.3%. The diluted share count is up 2.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $6.07 a share, against a share price of $2.77. At that price, our model says the market is pricing in cash flow shrinking about 20.9% a year for five years, slower than the -11.8% a year revenue growth it has delivered.

Source: 10-Q filed October 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 6, 2027 (estimated)

Resources Connection, Inc.'s trailing-twelve-month revenue fell 19.6% year on year, with a free-cash-flow margin of -2.5%. Where it lags: revenue growth of -19.6% ranks 21 of 21 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$5.9 per share in the base case (~$4.8–$7.3 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -19.6% (-1.6pp vs the prior quarter), the 4th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $2.65 is 122% below our value per share of $6.
  • Margins widening. Operating margin is up 26.1 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 19.6% over the last 12 months.
  • Loss-making. Operating margin is -10.1%: costs exceed revenue.
  • Burning cash. Free cash flow was -2.5% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of 0.8 against the S&P 500.
  • Below peers: change in growth rate. Change in growth rate of -1.6pp ranks 16 of 20 human resource & employment services companies we cover (median +0.5pp).

Latest results: FY2027 Q1

Filed October 7, 2026
Earnings per share
-$0.16 against an average estimate of -$0.20: beat by 18.0%
Revenue
$98m, down 18.4% on a year earlier
Share reaction
-19.0% in the first session after the results on October 7, 2026, against -0.7% for the S&P 500
Next report
January 6, 2027; average EPS estimate -$0.20

Resources Connection's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week-0.4%
  • 1 month-31.9%
  • This year-44.7%
  • 1 year-35.7%
  • 5 years-81.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$430M
Operating margin
-10.1%
Net margin
-10.7%
EPS (TTM, diluted)
$-1.36

Growth

Revenue growth
−19.6%
Change in growth rate
−1.6 pts
Share count change
+2.9%

Cash

Free cash flow (TTM)
-$10.6M
FCF margin
-2.5%
Stock pay % of revenue
2.5%

Earnings

Last results
October 7, 2026
Next results (est.)
January 6, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Leadership
  4. Leadership
  5. Announcement
  6. Results
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Resources Connection, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 23.7% a year for five years.That is slower than the -11.8% a year revenue growth Resources Connection has delivered.

  • Priced in-23.7%
  • Last 12 months-19.6%
  • 3 years a year-16.6%
  • 5 years a year-11.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($2.62, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$5.9
Price used
$2.62close November 3, 2026
Implied change
▲ +125%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Resources Connection, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($8M, FY2027 Q1 TTM), growing -0.9% and 4.8% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$4.9–~$7.3 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Resources Connection, Inc.'s free cash flow after stock-based pay ( $8M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Resources Connection, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$5.9 ~$4.8–$7.3 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$5.9 ~$4.8–$7.3 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Resources Connection, Inc. with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$8$10$13$16
8.5% $4$5$6$8$10$12
10% $4$5$5$7$8$10

Valuation multiples over time Market data may be delayed

At fiscal year end 2017201820192020202120222023202420252026Now
Share price$8.52$11.38$11.18$8.23$11.40$14.69$12.98$9.70$4.76$4.45$2.65
Market value$285m$355m$360m$265m$371m$493m$444m$329m$157m$149m$90m
+ Net debt (− = net cash)−$14m$7m−$45000−$8m−$31m−$50m−$117m−$109m−$86m−$82m−$61m
Enterprise value$271m$362m$360m$258m$340m$443m$327m$220m$71m$67m$29m
Multiples
Price / sales 0.5x0.5x0.5x0.4x0.6x0.6x0.6x0.5x0.3x0.3x0.2x
Price / earnings 15.3x18.9x11.4x9.4x14.7x7.3x8.2x15.6x———
Price / free cash flow 12.1x27.0x9.8x5.6x10.3x10.6x5.6x15.8x9.7xn/m—
EV / EBITDA 7.2x9.8x6.1x5.4x10.6x4.8x4.0x5.9x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Resources Connection's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.6% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 38.3%, moving by 0.9 percentage points (standard deviation) across 9 years.

  • Durability 0 / 20

    Operating margin has been a median 5.1%; its worst year was -36.3%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 9 years, at a median 3.8% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 3.4% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (51 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 6, 2027, after the close. Analysts expect revenue of $98m and EPS of −$0.20 (range −$0.25 to −$0.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.61 −925% $401m −11%
Next −$0.15 +76% $433m +8%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6050.0% on 90 days ago. In the last 30 days, 1 analyst raised Resources Connection, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Resources Connection, Inc., last 90 days
−$0.80 −$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.01 Current fiscal year, 60 days ago: −$0.49 Current fiscal year, 30 days ago: −$0.49 Current fiscal year, 7 days ago: −$0.49 Current fiscal year, Now: −$0.61 −$0.61 Next fiscal year, 60 days ago: −$0.08 Next fiscal year, 30 days ago: −$0.08 Next fiscal year, 7 days ago: −$0.08 Next fiscal year, Now: −$0.15 −$0.15

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.01−$0.08
60 days ago −$0.49−$0.08
30 days ago −$0.49−$0.08
7 days ago −$0.49−$0.15
Now −$0.61$0.00

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 −$0.20 −$0.16 +18.0%
May 2026 −$0.11 −$0.07 +36.4%
Feb 2026 −$0.11 −$0.09 +15.6%
Nov 2025 $0.04 $0.06 +71.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Resources Connection, Inc.'s revenue by -0.9% next year and +4.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-4.8%, weight 56%) and the company's own record (+4.0%, weight 44%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy267%
Hold00%
Sell133%

Monthly trend

  1. Oct 2026213
  2. Sep 20262114

Counts of recommendations published by analysts covering Resources Connection, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
1.81
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
7.7%
of shares
Employees
601
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −35.7%

$4.12 on October 31, 2025 to $2.65

ThenNowEffect
Revenue (last 12 months) $535m $430m −19.6%
P/S multiple 0.3x 0.2x −17.8%
Share count 33m 34m −2.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −77.4%

$11.72 on November 3, 2023 to $2.65

ThenNowEffect
Revenue (last 12 months) $742m $430m −42.0%
P/S multiple 0.5x 0.2x −61.2%
Share count 34m 34m +0.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RGP+47%+6%−20%−37%−37%−45%
Industry peers (median)+48%−21%+6%−15%−29%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RGP67%58%50%42%33%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RGP−13%−28%−27%−42%−51%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 86% from August 1, 2022 to October 21, 2026. Getting back needed a 632% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.43 – $5.02
From 52-week high
−47.2%
vs 50-day average
−24.6%
vs 200-day average
−32.2%
Volatility (1 year)
53%
Beta vs S&P 500
0.84

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.0%
After a week
3 up, 9 down
typical move ±9.4%
After a month
2 up, 9 down
typical move ±9.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 7, 2026 −19.0% −0.7% −26.0% —
July 22, 2026 −19.3% −1.3% −12.7% −6.4%
April 8, 2026 −3.1% +3.1% +7.5% +24.6%
January 7, 2026 −13.8% −0.3% −10.5% −16.3%
October 8, 2025 −2.1% +0.3% −9.3% −6.0%
July 24, 2025 +5.3% +0.5% −8.0% −9.5%
April 2, 2025 −20.0% −4.3% −15.6% −12.5%
January 2, 2025 +6.4% +1.0% −2.1% −1.8%
December 6, 2024 +0.8% −0.3% +1.3% +0.5%
October 4, 2024 −1.7% 0.0% 0.0% −4.4%
October 1, 2024 −13.9% −0.9% −14.3% −14.4%
July 18, 2024 +2.1% −1.4% +5.7% −7.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Resources Connection, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade D (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Resources Connection, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Resources Connection, Inc.
$400M $500M $600M $700M $800M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $704.5M Revenue (TTM), FY24 Q3: $669.1M Revenue (TTM), FY24 Q4: $632.8M Revenue (TTM), FY25 Q1: $599.6M Revenue (TTM), FY25 Q2: $582.1M Revenue (TTM), FY25 Q3: $560.2M Revenue (TTM), FY25 Q4: $551.3M Revenue (TTM), FY26 Q1: $534.6M Revenue (TTM), FY26 Q2: $506.7M Revenue (TTM), FY26 Q3: $485.2M Revenue (TTM), FY26 Q4: $452M Revenue (TTM), FY27 Q1: $429.9M $429.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $704.5M
FY24 Q3 $669.1M
FY24 Q4 $632.8M
FY25 Q1 $599.6M
FY25 Q2 $582.1M
FY25 Q3 $560.2M
FY25 Q4 $551.3M
FY26 Q1 $534.6M
FY26 Q2 $506.7M
FY26 Q3 $485.2M
FY26 Q4 $452M
FY27 Q1 $429.9M
Revenue growth, TTM YoY Resources Connection, Inc.
-20% -15% -10% -5% 0% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -14.7% Revenue growth, TTM YoY, FY24 Q3: -17.2% Revenue growth, TTM YoY, FY24 Q4: -18.4% Revenue growth, TTM YoY, FY25 Q1: -19.2% Revenue growth, TTM YoY, FY25 Q2: -17.4% Revenue growth, TTM YoY, FY25 Q3: -16.3% Revenue growth, TTM YoY, FY25 Q4: -12.9% Revenue growth, TTM YoY, FY26 Q1: -10.8% Revenue growth, TTM YoY, FY26 Q2: -12.9% Revenue growth, TTM YoY, FY26 Q3: -13.4% Revenue growth, TTM YoY, FY26 Q4: -18.0% Revenue growth, TTM YoY, FY27 Q1: -19.6% -19.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -14.7%
FY24 Q3 -17.2%
FY24 Q4 -18.4%
FY25 Q1 -19.2%
FY25 Q2 -17.4%
FY25 Q3 -16.3%
FY25 Q4 -12.9%
FY26 Q1 -10.8%
FY26 Q2 -12.9%
FY26 Q3 -13.4%
FY26 Q4 -18.0%
FY27 Q1 -19.6%
Operating margin (TTM) Resources Connection, Inc.
-40% -20% 0% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 5.3% Operating margin (TTM), FY24 Q3: 5.2% Operating margin (TTM), FY24 Q4: 4.5% Operating margin (TTM), FY25 Q1: 3.2% Operating margin (TTM), FY25 Q2: -11.3% Operating margin (TTM), FY25 Q3: -21.4% Operating margin (TTM), FY25 Q4: -35.7% Operating margin (TTM), FY26 Q1: -36.3% Operating margin (TTM), FY26 Q2: -25.5% Operating margin (TTM), FY26 Q3: -18.1% Operating margin (TTM), FY26 Q4: -8.5% Operating margin (TTM), FY27 Q1: -10.1% -10.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 5.3%
FY24 Q3 5.2%
FY24 Q4 4.5%
FY25 Q1 3.2%
FY25 Q2 -11.3%
FY25 Q3 -21.4%
FY25 Q4 -35.7%
FY26 Q1 -36.3%
FY26 Q2 -25.5%
FY26 Q3 -18.1%
FY26 Q4 -8.5%
FY27 Q1 -10.1%
FCF margin (TTM) Resources Connection, Inc.
-5% 0% 5% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 7.7% FCF margin (TTM), FY24 Q3: 5.2% FCF margin (TTM), FY24 Q4: 3.3% FCF margin (TTM), FY25 Q1: 3.8% FCF margin (TTM), FY25 Q2: 3.9% FCF margin (TTM), FY25 Q3: 0.5% FCF margin (TTM), FY25 Q4: 2.9% FCF margin (TTM), FY26 Q1: 1.6% FCF margin (TTM), FY26 Q2: 4.8% FCF margin (TTM), FY26 Q3: 3.1% FCF margin (TTM), FY26 Q4: 0.1% FCF margin (TTM), FY27 Q1: -2.5% -2.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 7.7%
FY24 Q3 5.2%
FY24 Q4 3.3%
FY25 Q1 3.8%
FY25 Q2 3.9%
FY25 Q3 0.5%
FY25 Q4 2.9%
FY26 Q1 1.6%
FY26 Q2 4.8%
FY26 Q3 3.1%
FY26 Q4 0.1%
FY27 Q1 -2.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 May 2017 2018 May 2018 2019 May 2019 2020 May 2020 2021 May 2021 2022 May 2022 2023 May 2023 2024 May 2024 2025 May 2025 2026 May 2026 LTM Aug 2026
Income
Revenue 583 654 729 703 630 805 776 633 551 452 430
Gross profit 221 246 282 275 241 317 313 246 207 170 159
EBITDA 38 37 59 47 32 92 81 37 −189 −33 −41
Operating income 34 31 50 37 23 83 73 29 −197 −38 −44
Net income 19 19 31 28 25 67 54 21 −192 −41 −46
Diluted EPS $0.56 $0.60 $0.98 $0.88 $0.78 $2.00 $1.59 $0.62 −$5.80 −$1.21 −$1.36
Growth (year on year)
Revenue — +12.1% +11.4% −3.5% −10.5% +27.9% −3.6% −18.4% −12.9% −18.0% −19.6%
EBITDA — −2.2% +58.4% −19.1% −32.3% +186.6% −11.5% −54.3% −608.0% — —
Operating income — −11.0% +63.8% −26.9% −37.4% +263.5% −12.8% −60.5% −783.8% — —
Net income — +0.9% +67.2% −10.1% −10.8% +166.3% −19.1% −61.3% <−999% — —
Diluted EPS — +7.1% +63.3% −10.2% −11.4% +156.4% −20.5% −61.0% <−999% — —
Margins
Gross margin 37.9% 37.6% 38.7% 39.2% 38.3% 39.3% 40.4% 38.9% 37.6% 37.5% 37.0%
EBITDA margin 6.5% 5.7% 8.0% 6.7% 5.1% 11.4% 10.5% 5.9% −34.3% −7.3% −9.5%
Operating margin 5.9% 4.7% 6.9% 5.2% 3.6% 10.4% 9.4% 4.5% −35.7% −8.5% −10.1%
Net margin 3.2% 2.9% 4.3% 4.0% 4.0% 8.3% 7.0% 3.3% −34.8% −9.0% −10.7%
Free-cash-flow margin 4.0% 2.0% 5.0% 6.7% 5.7% 5.8% 10.3% 3.3% 2.9% 0.1% −2.5%
Cash flow
Cash from operations 28 15 44 50 40 49 82 22 19 1 −10
Capital spending 5 2 7 2 4 3 2 1 3 1 1
Free cash flow 23 13 37 47 36 46 80 21 16 1 −11
Stock-based pay 6 6 7 6 7 8 10 6 7 12 11
Free cash flow after stock pay 17 7 30 41 29 38 70 15 9 −11 −21
Balance sheet
Cash 62 56 43 96 74 104 117 109 86 82 61
Total debt 48 63 43 88 43 54 0 0 0 0 0
Net debt (negative = net cash) −14 7 −0 −8 −31 −50 −117 −109 −86 −82 −61
Diluted shares 33m 31m 32m 32m 33m 34m 34m 34m 33m 34m 34m
Returned to shareholders
Dividends 14 14 16 18 18 19 19 19 19 9 9
Buybacks 119 5 30 5 — 20 15 8 13 0 —
Total returned 133 19 46 23 18 38 34 27 32 9 9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · August 29, 2026
What it owns · $232m
Short-term assets $146mLonger-term assets $86m
What it owes, and who funded it · $232m
Short-term liabilities $51mLonger-term liabilities $20mShareholders' equity $161m
  • Short-term assets cover short-term liabilities $146m of assets due within a year against $51m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $146m short-term assets against $20m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Resources Connection, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$9.5M
Returned to shareholders
1518%
of free cash flow
Buybacks, last 3 fiscal years
$21M
Diluted share count
+2.9%
year over year
Total shareholder yield
10.3%
dividends 10.3% + buybacks 0.0% of market value
Sales & admin spending
46.0%
of revenue
Days sales outstanding
59 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated RGP CIRC STRR BBSI KFRC FA Median
Revenue, last 12 months $430m $800m $210m $1.3bn $1.4bn $1.7bn $1.7bn
Revenue growth, last 12 months −19.6% 80.5% 52.1% 5.6% 2.1% 32.9% 5.6%
Revenue growth, 3-year average −16.6% >999% 5.2% 5.9% −4.8% 28.7% −0.5%
Revenue growth, latest quarter −18.4% 210.8% 54.6% 3.8% 7.5% 14.9% 5.2%
Gross margin 37.0% 8.6% 42.0% 20.0% 27.8% — 28.0%
Operating margin −10.1% −7.8% −3.4% 4.1% 4.5% 10.7% 1.0%
Operating margin, 3-year average −14.4% −5.9% −2.5% 4.8% 4.7% 5.6% 2.3%
Net margin −10.7% −19.4% −4.3% 2.8% 3.0% 1.5% 1.5%
Cash from operations / revenue −2.2% −2.9% −4.6% 2.9% 1.6% 15.7% 1.9%
Free-cash-flow margin −2.5% −2.9% −6.8% 1.2% 0.6% 15.0% 1.2%
Free-cash-flow margin, 3-year average 1.0% −2.5% −2.5% 1.1% 3.3% 12.3% 2.4%
Stock pay / revenue 2.5% 3.6% 1.0% 0.8% 1.1% 1.2% 1.3%
Change in share count 2.9% 31.5% 19.6% −3.3% −4.7% 6.2% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth -19.6% 5.6% 21 of 21
Change in growth rate Growth -1.6pp +0.5pp 16 of 20
Gross margin Profitability 37.0% 27.8% 6 of 17
Operating margin Profitability -10.1% 0.6% 17 of 19
Net margin Profitability -10.7% 1.5% 18 of 21
Free-cash-flow margin Cash generation -2.5% 1.2% 15 of 21
Stock pay as % of revenue Cash generation 2.5% 1.3% 15 of 20
Change in share count Balance sheet 2.9% -0.1% 14 of 20
Days sales outstanding Balance sheet 59 days 68 days 7 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to May 30, 2026
Segments
Line of business Revenue Share YoY
On Dem and Talent $169M 37.3% ▼ 18.1%
Consulting $160M 35.4% ▼ 27.1%
Europe and Asia Pacific $75.1M 16.6% ▼ 3.2%
Outsourced Services $39.2M 8.7% ▼ 1.0%
All Other Segments $9.1M 2.0% ▲ 1.7%
Geography
Region Revenue Share YoY
United States $361M 79.9% ▼ 19.9%
Outside the US $90.8M 20.1% ▼ 9.3%

From Resources Connection, Inc.'s 10-K filed July 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$95.4M
Institutions reporting
135
Shares held vs prior quarter
▼ 10.4%
Positions opened / closed
29 / 26

Top buyers and sellers, Q2 2026: 80 institutions bought and 66 sold ; the biggest buyer was Pacific Ridge Capital Partners, LLC (+402K shares) and the biggest seller Blackrock, Inc (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Tieton Capital Management, LLC $12M 2.8M 12.5% ▲ 14.9%
Brandes Investment Partners, LP $8.7M 2.0M 9.1% ▲ 12.4%
Circumference Group LLC $5.9M 1.4M 6.2% 0.0%
Vanguard Capital Management LLC $5.6M 1.3M 5.9% ▼ 3.3%
Blackrock, Inc. $4.8M 1.1M 5.1% ▼ 58.7%
AQR Capital Management LLC $3.6M 844K 3.8% ▲ 8.1%
Charles Schwab Investment Management Inc $3.5M 813K 3.6% ▼ 33.0%
First Manhattan Co. Llc. $3.4M 800K 3.6% ▼ 0.1%
Sei Investments Co $3M 714K 3.2% ▼ 46.3%
Hotchkis & Wiley Capital Management LLC $3M 696K 3.1% ▼ 14.9%
Dimensional Fund Advisors LP $2.7M 640K 2.9% ▼ 35.6%
American Century Companies Inc $2.5M 578K 2.6% ▲ 76.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Resources Connection, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $904,200 4 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $904,200 net buying
Insider Date Trade Shares Price Value
Fox Jeffrey H Director November 12, 2025 Buy 10,000 $4.53 $45,300
Cg Core Value Gp Llc Director November 12, 2025 Buy 10,000 $4.53 $45,300
Fox Jeffrey H Director November 11, 2025 Buy 90,000 $4.52 $406,800
Cg Core Value Gp Llc Director November 11, 2025 Buy 90,000 $4.52 $406,800

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 7, 2026
  • July 22, 2026
  • April 8, 2026
  • January 7, 2026
  • October 8, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Resources Connection, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Resources Connection, Inc. in brief

What does Resources Connection, Inc. do?
Resources Connection, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in May.
What is Resources Connection, Inc.'s stock ticker?
Resources Connection, Inc. trades under the ticker RGP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Resources Connection, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Resources Connection, Inc. reported revenue of $430M, 19.6% lower than a year earlier, according to its SEC filings.
What is Resources Connection, Inc.'s free cash flow?
Resources Connection, Inc.'s free-cash-flow margin is -2.5% of revenue over the trailing twelve months, ranking 15 of the 21 human resource & employment services companies we cover.
What is Resources Connection, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Resources Connection, Inc.'s free cash flow after stock-based pay gives ~$5.9 per share in the base case, and ~$4.8–$7.3 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Resources Connection, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Tieton Capital Management, LLC, Brandes Investment Partners, LP and Circumference Group LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Resources Connection, Inc. buying back stock, and does it pay a dividend?
Resources Connection, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 2.9% over the year.
What is Resources Connection, Inc.'s market cap?
On November 2, 2026, Resources Connection, Inc.'s market capitalisation was about $89.9M and net debt of -$61.2M. Market figures come from third-party market data and may be delayed.
Does Resources Connection, Inc. pay a dividend?
Yes: Resources Connection, Inc. paid $9.5M in dividends over the trailing twelve months, a dividend yield of 10.32%.
Who are Resources Connection, Inc.'s competitors?
In our Human Resource & Employment Services peer group, the companies closest to Resources Connection, Inc. are Circle8 Group Inc, Star Equity Holdings, Inc., Barrett Business Services Inc, Kforce Inc and First Advantage Corp. The side-by-side comparison below sets their revenue, margins and growth against Resources Connection, Inc.'s.
Are insiders buying or selling Resources Connection, Inc. stock?
Over the last 12 months, Resources Connection, Inc.'s directors and officers reported 4 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Resources Connection, Inc.'s next earnings date?
Around January 6, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Resources Connection, Inc. announces its own schedule.