RGP Q1 Loss Widens to $8.0M as Revenue Falls 18%
RGP sits 22% above its 52-week low of $3.055.
Summary
RGP reported a wider Q1 loss of $8.0 million on an 18% revenue decline, with negative Adjusted EBITDA and significant operating cash burn.
Key Events · Earnings and Guidance · RGP
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Q1 Loss Widens to $8.0M
Net loss of $8.0 million ($0.23 per share) compared to a $2.4 million loss ($0.07 per share) in the prior-year quarter.
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Revenue Declines 18.4%
Revenue fell to $98.1 million from $120.2 million, driven by a 13.2% drop in billable hours and a 5.8% decline in average bill rate.
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Adjusted EBITDA Turns Negative
Adjusted EBITDA was $(3.6) million compared to $3.1 million a year ago, with gross margin contracting to 37.4% from 39.5%.
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Operating Cash Burn of $18.9M
Cash from operations was negative $18.9 million for the quarter, leaving $61.2 million in cash and $24.1 million in borrowing capacity.
Analysis · RGP · Trade & Services
The first-quarter results point to accelerating deterioration: revenue fell 18.4% year-over-year to $98.1 million, and the net loss widened to $8.0 million from $2.4 million a year ago. Adjusted EBITDA swung to negative $3.6 million from positive $3.1 million. The company burned $18.9 million in cash from operations during the quarter, leaving $61.2 million in cash plus $24.1 million in borrowing capacity. This comes amid a CFO transition, a material weakness in internal controls, and a recent credit facility replacement after covenant breaches — the earnings miss adds to a pattern of operational decline.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 28.8% of the 1732 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RGP was trading at $3.74 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $129.8M. The 52-week trading range was $3.06 to $5.37. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.