Huron Consulting Group Inc. (NASDAQ: HURN)

Huron Consulting Group Inc. is a global professional services firm that partners with clients to create sound strategies, optimize operations, accelerate digital transformation, and empower businesses to own their future. The firm operates through a combination of deep industry expertise and broad service offerings to deliver sustainable results for organizations across multiple sectors. Headquartered in Chicago, Illinois, Huron maintains additional locations in the United States and internationally in Canada, France, India, Poland, Singapore, Switzerland, and the United Kingdom.

Huron generates revenue primarily through its consulting and managed services, as well as its digital capabilities, which include technology and analytics services, technology-related managed services, and software products. The firm serves clients across healthcare, education, financial services, industrials and manufacturing, energy and utilities, public sector, and other commercial industries. Revenue is derived from strategic, operational, financial, people, and organizational consulting engagements, managed services outsourcing, and proprietary software offerings that support long-term client relationships and drive lasting impact.

The company operates through the following segments: Healthcare, Education, and Commercial.

• Healthcare: This segment serves acute care providers such as national and regional health systems, academic health systems, community health systems, federal health systems, and public, children’s, and critical access hospitals, as well as non-acute care providers including physician practices, medical groups, payors, and long-term or post-acute providers. Offerings include financial and operational performance improvement consulting spanning revenue cycle, business operations, and care delivery transformation; organizational transformation; revenue cycle managed services and outsourcing; financial and capital advisory consulting; and strategy and innovation consulting. Digital services encompass technology and analytic-related services including core systems of record such as electronic health record (EHR), enterprise resource planning (ERP), enterprise performance management (EPM), and customer relationship management (CRM) systems; data management, AI and automation; technology managed services; and payor core administration systems. Proprietary software products are also delivered to the healthcare industry, including recent enhancements from the acquisition of Eclipse Insights LLC in June 2025 and the consulting services division of AXIOM Systems Consulting Services, Inc. in November 2025.

• Education: This segment serves public and private colleges and universities, research institutes, not-for-profit organizations, and other education-related organizations. Consulting and managed services include research-focused consulting and managed services; strategy and operations consulting spanning finance, accounting, operations, athletics, organization and talent strategy, and student and academic strategy; and advancement and fundraising consulting services strengthened by the acquisition of Grenzebach Glier and Associates (GG+A) in March 2024 and Advancement Resources and Halpin Partnership Limited in March 2025. Digital offerings span technology and analytic-related services such as student information, ERP, EPM, and CRM systems; data management, AI and automation; and technology managed services. Product offerings include the Huron Research Suite, a leading software suite designed to facilitate and improve research administration service delivery and compliance.

• Commercial: This segment serves industries and organizations facing significant disruption and regulatory change by helping them adapt to rapidly changing environments and accelerate business transformation. Primary buyers include chief executive officers, chief financial officers, chief strategy officers, chief human resources officers, chief operating officers, chief risk officers, and organizational advisors such as lenders and law firms. The firm has a deep focus on financial services, industrials and manufacturing, energy and utilities, and the public sector, while opportunistically serving professional and business services, life sciences, consumer products, and retail. Services include digital services and software products, financial and capital advisory (special situation and corporate finance advisory), regulatory compliance and risk management consulting and managed services, strategy and innovation consulting, and financial and operational performance improvement consulting. Recent acquisitions include TVG-Treliant Holdings, LLC (Treliant) in the third quarter of 2025 and Wilson Perumal and Company, Inc. (WP&C), a strategy and operations consulting firm specializing in operational efficiency and improved growth and profitability.

Huron Consulting Group Inc. holds leading market positions in healthcare and education, providing comprehensive offerings to the largest health systems, academic medical centers, colleges and universities, and research institutes in the United States and abroad. The company competes in a highly fragmented professional services industry that includes strategy, business operations, technology, and financial advisory consulting firms; general management consulting firms; consulting practices of major accounting firms; technical and economic advisory firms; regional and specialty consulting firms; consulting divisions of technology partners; and internal professional resources of organizations. Competitive advantages stem from reputation, industry and capability expertise, ability to attract and retain top talent, capacity to deliver high-quality, measurable results, and a balanced portfolio of offerings that enable favorable positioning despite varying geographic footprints and resource levels among competitors.

Huron serves over 2,000 clients across industries, including hospitals, health systems, and academic medical centers; colleges, universities, and research institutes; banks, asset managers, insurance companies, and private equity firms; oil and gas and utilities companies; manufacturing organizations; not-for-profit organizations; and the public sector. The company’s 10 largest clients accounted for approximately 19% of consolidated revenues in 2025. No specific client names are disclosed in the filing.