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The Hackett Group
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Updated Nov 4, 2026
Hackett Group Q3 2026: Gen AI platforms stabilizing revenue headwinds; margin expansion offset by rising debt costs.
The Hackett Group reported Q3 2026 revenue of $69.8 million, down 4.5% YoY, driven by elongated client decision-making as enterprises evaluate AI ROI. Nine-month revenue fell 9.6% to $207.9 million. Operating income improved to $7.5 million (Q3) and $24.1 million (nine months), reflecting headcount optimization tied to Gen AI delivery leverage and reduced stock compensation. However, interest expense nearly tripled to $1.2 million (Q3) and $3.4 million (nine months) as debt doubled to $86.5 million following the August 2026 credit facility expansion. SAP Solutions revenue grew 21% YoY in the nine-month period on S4 HANA migrations and increased software sales, partially offsetting 16% declines in Global S&BT advisory work.
Tone: cautiousRevenue
$305.6M
HCKT 10-K · FY 2025
Employees
1,503
Revenue FY2024
$313.9M
Founded
1997
Profile
HCKT 10-K Item 1 · Feb 27, 2026The Hackett Group is a global IP platform-based generative AI strategic advisory and business transformation firm that combines proprietary benchmarking and best-practice process intelligence with Gen AI-enabled delivery platforms. The company serves Global 2000 organizations across enterprise functions including finance, supply chain, HR, IT, and procurement. It also provides enterprise application implementation services for Oracle, SAP, OneStream, and eProcurement platforms.
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The Hackett Group, Inc. (NASDAQ: HCKT) is a global, IP platform-based generative artificial intelligence ('Gen AI') strategic advisory, business transformation, and enterprise application implementation firm. We combine proprietary benchmarking and best-practice process intelligence intellectual property ('IP') with Gen AI-enabled delivery platforms to help clients identify, prioritize, design, and implement high-impact improvements across enterprise functions, including supply chain and operations, finance, human resources, information technology, procurement and corporate services, as well as selected enterprise application implementation services, including Oracle, SAP, OneStream, and eProcurement applications. Our platform-enabled model is grounded in our globally recognized Digital World Class performance benchmarks and best-practice process intelligence (collectively, 'Hackett Intelligence IP'). As of December 26, 2025, we have completed over 28,400 benchmarking and performance studies and have measured and evaluated enterprise processes for thousands of organizations globally. Our strategy focuses on expanding the reach of our IP through platform-enabled delivery, selectively monetizing capabilities through licensing and deepening long-term client relationships. We focus on developing long-term client relationships with Global 2000 organizations and other sophisticated buyers of advisory, transformation, and enterprise application services. Our transformation expertise is grounded in best practices insights from benchmarking the world's leading businesses, including 97% of the Dow Jones Industrials, 90% of the Fortune 100, 68% of the DAX 40 and 53% of the FTSE 100.
Primary products
- Hackett AI XPLR
- XT (Business Transformation Delivery Platform)
- AIXelerator (AIX)
- Ask Hackett AI
- Hackett Connect
- Quantum Leap
Business segments
End markets
Geographies
Named customers
During 2025, 2024 and 2023, our ten most significant clients accounted for 24%, 31% and 23% of total revenue, respectively. In addition, during 2025, 2024 and 2023, our largest client generated 6%, 11% and 6% of total revenue, respectively.
“We face competition from international accounting firms; international, national and regional strategic consulting and systems implementation firms; and the IT services divisions of application software firms.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue declined from $313.9 million in fiscal 2024 to $305.6 million in fiscal 2025, driven by a decrease in revenue before reimbursements partially offset by changes in reimbursement activity.
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