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AI brief of an SEC Form 8-K · RESOURCES CONNECTION, INC. (RGP)

Resources Connection Q1 revenue falls to $98.1 million; net loss widens to $8.0 million

Negative Impact 4 of 5 earnings Written later

Resources Connection (RGP) reported a first-quarter fiscal 2027 net loss of $8.0 million, or $0.23 per diluted share, versus a $2.4 million loss, or $0.07 per share, a year earlier, as revenue fell 18.4% on a constant currency basis to $98.1 million. Revenue fell across both headline segments, and the company reported an adjusted EBITDA loss of $3.6 million, compared with positive adjusted EBITDA of $3.1 million a year earlier.

Key points

  • Revenue was $98.1 million versus $120.2 million; billable hours fell 13.2% and the average bill rate fell 5.8%.
  • Consulting revenue fell 25.8% to $32.4 million; On-Demand Talent revenue fell 13.2% to $38.6 million.
  • SG&A expenses declined to $43.1 million from $47.9 million, but were not enough to offset lower revenue.
  • Cash and cash equivalents were $61.2 million at August 29, 2026, down from $82.4 million at May 30, 2026, after $18.9 million of cash used in operations.

The filing

CompanyRESOURCES CONNECTION, INC. (RGP)
Form8-K, current report
Filed with the SECOct 7, 2026, 4:05 PM ET
Accession number0001084765-26-000078

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.