Cra International (CRAI) risk factors, FY2024 10-K

Cra International's FY2024 10-K, filed Feb 20, 2025, lists 24 risk factors in 7 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
247 groups
Section length
7k wordsItem 1A

Cra International's biggest risks in the FY2024 10-K

  • Professional services rely heavily on key consultants and non-employee experts.
  • Revenue concentration and client dispute terminations threaten performance.
  • International operations face currency and regulatory volatility.

The risks most specific to Cra International

  • Risks Related to Our People

    We depend upon key employees to generate revenue

    Our professional services revenue depends heavily on the personal relationships and project execution capabilities of our key employee consultants.

  • Risks Related to Our People

    We depend on our non-employee experts

    Our ability to secure engagements and attract consultants depends on retaining our relationships with key non-employee experts who are difficult to replace.

  • Risks Related to Our Client Relationships

    Clients can terminate engagements with us at any time

    Clients involved in disputes or transactions can terminate engagements suddenly and without advance notice due to settlement, abandoned deals, or bankruptcy.

  • Risks Related to Our Client Relationships

    Potential conflicts of interests may preclude us from accepting some engagements

    Adversarial or sensitive matters may create conflicts of interest that preclude us from accepting engagements with competitors or adversaries.

  • Risks Related to Our Client Relationships

    We derive revenue from a limited number of large engagements

    Deriving revenue from a limited number of large engagements means our results suffer if we fail to secure enough new large engagements annually.

  • Risks Related to Our Operations

    Our performance could be affected if employees and non-employee experts default on loans

    Defaults on forgivable loans extended to employees and non-employee experts to attract and retain them could harm our financial condition and liquidity.

  • Risks Related to Our Operations

    Fluctuations in the types of service contracts we enter into may adversely impact revenue and results of operations

    Fixed-price contracts and fee arrangements tied to performance criteria can cause fluctuations in our revenue and results of operations.

  • Risks Related to Our International Operations

    Fluctuations in currency exchange rates could adversely affect our operations

    Our international operations expose us to currency fluctuations, primarily in the British Pound and Euro against the U.S. Dollar.

  • Risks Related to Our Indebtedness

    Our debt obligations may adversely impact our financial performance

    We rely on borrowings under a revolving credit facility of up to $250.0 million, which may impact our financial performance.

All 24 risk factors

Headings as the filing states them, in filing order.

Risks Related to Our People

  1. 01We depend upon key employees to generate revenue
  2. 02Our business could suffer if we are unable to hire and retain additional qualified consultants as employees
  3. 03Maintaining our professional reputation is crucial to our future success
  4. 04We depend on our non-employee experts
  5. 05Additional hiring and business acquisitions could disrupt our operations, increase our costs, or adversely affect our results

Risks Related to Our Client Relationships

  1. 06Clients can terminate engagements with us at any time
  2. 07Potential conflicts of interests may preclude us from accepting some engagements
  3. 08We derive revenue from a limited number of large engagements
  4. 09Our clients may be unable or unwilling to pay us for our services

Risks Related to Our Operations

  1. 10Our revenues, operating results and cash flows are likely to fluctuate
  2. 11Fluctuations in our quarterly revenues and results of operations could depress the market price of our common stock
  3. 12Our engagements may result in professional liability and we may be subject to other litigation, claims or assessments
  4. 13We may need to take material write-offs for the impairment of goodwill, including if our market capitalization declines
  5. 14Our performance could be affected if employees and non-employee experts default on loans
  6. 15Fluctuations in the types of service contracts we enter into may adversely impact revenue and results of operations
  7. 16We could incur substantial costs protecting our proprietary rights from infringement or defending against a claim of infringement

Risks Related to Our Competition

  1. 17Competition from other litigation, regulatory, financial, and management consulting firms could hurt our business

Risks Related to Our International Operations

  1. 18Our international operations create risks
  2. 19Fluctuations in currency exchange rates could adversely affect our operations

Risks Related to Our Indebtedness

  1. 20Our debt obligations may adversely impact our financial performance

Risks Related to Our Common Stock

  1. 21The market price of our common stock may be volatile
  2. 22There can be no assurance that we will continue to declare cash dividends at all or in any particular amounts
  3. 23Our stock repurchase programs could affect the market price of our common stock and increase its volatility
  4. 24Our charter and by-laws, and Massachusetts law may deter takeovers

Other Cra International 10-Ks

  • FY2025 10-K risk factors
    24 risks1 reworded

    Risk 16 was updated to address potential competitive threats and operational uncertainties from new technologies like AI and machine learning.

    Filed Feb 26, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.