Heidrick & Struggles Q3 2025 Financial Results

Heidrick & Struggles International, Inc., a premier provider of global leadership advisory and on-demand talent solutions, has reported its financial results for the third quarter ended September 30, 2025. The company demonstrated robust performance with significant revenue growth and profitability.

Financial Highlights

For the third quarter of 2025, Heidrick & Struggles reported a net revenue of $322.8 million, marking a 15.9% increase compared to the same period in 2024. The adjusted EBITDA stood at $34.2 million, with an adjusted EBITDA margin of 10.6%. Net income for the quarter was $17.6 million, translating to diluted earnings per share (EPS) of $0.83. The Board of Directors declared a cash dividend of $0.15 per share.

Business and Operational Highlights

All lines of business contributed to the consolidated revenue growth. Executive Search net revenue increased by 17.0% to $239.1 million, driven by strong performance in the Americas and Europe, although Asia Pacific saw a slight decline. On-Demand Talent net revenue rose by 10.1% to $50.9 million, while Heidrick Consulting net revenue grew by 17.6% to $32.8 million.

Strategic Initiatives and Corporate Developments

On October 6, 2025, Heidrick & Struggles announced a definitive agreement to become a private company through a transaction with an investor consortium led by Advent International and Corvex Private Equity. The transaction is valued at $59.00 per share in cash. Consequently, the company will not be hosting an earnings conference call or live webcast to discuss its third quarter 2025 financial results.

Management's Perspective

Tom Monahan, CEO of Heidrick & Struggles, commented on the results, stating, "We continued our strong 2025 momentum highlighted by our third quarter results that exceeded the high end of our outlook. Our teams remained laser-focused on partnering with clients through the full suite of our global leadership advisory solutions to meet and solve their needs while developing differentiated, deep, and durable global client relationships."

Future Outlook

While the company did not provide specific guidance for the next reporting period due to the ongoing take-private transaction, the management emphasized their commitment to driving sustainable growth and profitability, which will allow for reinvestment into growing top talent and developing future client solutions.

Original SEC Filing: HEIDRICK & STRUGGLES INTERNATIONAL INC [ HSII ] - 8-K - Nov. 03, 2025