| Schedule of Disaggregation of Revenue |
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| Table 4.1: Revenue by Service Type |
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For the Three Months Ended |
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For the Nine Months Ended |
|
June 30, 2026 |
|
June 30, 2025 |
|
June 30, 2026 |
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June 30, 2025 |
|
(dollars in thousands) |
| Program Operations |
$ |
602,807 |
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|
47.1 |
% |
|
$ |
626,981 |
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|
46.5 |
% |
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$ |
1,924,106 |
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49.0 |
% |
|
$ |
2,045,720 |
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|
49.7 |
% |
| Clinical Services |
553,075 |
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|
43.2 |
% |
|
560,360 |
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41.6 |
% |
|
1,607,602 |
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|
40.9 |
% |
|
1,535,849 |
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37.3 |
% |
| Employment & Other |
55,852 |
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4.4 |
% |
|
81,906 |
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6.1 |
% |
|
186,025 |
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4.7 |
% |
|
274,513 |
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6.7 |
% |
| Technology Solutions |
67,237 |
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5.3 |
% |
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79,153 |
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5.9 |
% |
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212,251 |
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5.4 |
% |
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256,779 |
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6.2 |
% |
| Total revenue |
$ |
1,278,971 |
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$ |
1,348,400 |
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$ |
3,929,984 |
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$ |
4,112,861 |
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| Table 4.2: Revenue by Contract Type |
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For the Three Months Ended |
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For the Nine Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
|
(in thousands) |
| Performance-based |
$ |
755,826 |
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|
59.1 |
% |
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$ |
761,428 |
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56.5 |
% |
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$ |
2,209,585 |
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56.2 |
% |
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$ |
2,193,605 |
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53.3 |
% |
| Cost-plus |
303,486 |
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23.7 |
% |
|
301,385 |
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22.4 |
% |
|
1,033,798 |
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26.3 |
% |
|
1,020,311 |
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24.8 |
% |
| Fixed price |
155,200 |
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12.1 |
% |
|
180,390 |
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13.4 |
% |
|
489,327 |
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12.5 |
% |
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540,078 |
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13.1 |
% |
| Time and materials |
64,459 |
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5.0 |
% |
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105,197 |
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7.8 |
% |
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197,274 |
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5.0 |
% |
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358,867 |
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8.7 |
% |
| Total revenue |
$ |
1,278,971 |
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$ |
1,348,400 |
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$ |
3,929,984 |
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$ |
4,112,861 |
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| Table 4.3: Revenue by Customer Type |
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For the Three Months Ended |
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For the Nine Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
|
(dollars in thousands) |
| New York state government agencies |
$ |
148,067 |
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|
11.6 |
% |
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$ |
148,408 |
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11.0 |
% |
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$ |
445,548 |
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11.3 |
% |
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$ |
466,053 |
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11.3 |
% |
| Other U.S. state government agencies |
275,793 |
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|
21.6 |
% |
|
291,312 |
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21.6 |
% |
|
817,052 |
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20.8 |
% |
|
869,561 |
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21.1 |
% |
| Total U.S. state government agencies |
423,860 |
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|
439,720 |
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1,262,600 |
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1,335,614 |
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| U.S. federal government agencies |
701,932 |
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54.9 |
% |
|
743,058 |
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55.1 |
% |
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2,204,623 |
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56.1 |
% |
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2,267,078 |
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55.1 |
% |
| International government agencies |
137,462 |
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10.7 |
% |
|
146,018 |
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10.8 |
% |
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413,321 |
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10.5 |
% |
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451,608 |
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11.0 |
% |
| Other, including local municipalities and commercial customers |
15,717 |
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1.2 |
% |
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19,604 |
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1.5 |
% |
|
49,440 |
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1.3 |
% |
|
58,561 |
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|
1.4 |
% |
| Total revenue |
$ |
1,278,971 |
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$ |
1,348,400 |
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$ |
3,929,984 |
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$ |
4,112,861 |
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| Table 4.4: Effect of Changes in Contract Estimates |
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For the Three Months Ended |
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For the Nine Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
|
(in thousands, except per share data) |
| Increase/(decrease) in revenue recognized due to changes in contract estimates |
$ |
(1,291) |
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|
$ |
607 |
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$ |
5,628 |
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$ |
11,181 |
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| Increase/(decrease) in diluted earnings per share recognized due to changes in contract estimates |
$ |
(0.02) |
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$ |
0.01 |
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$ |
0.08 |
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$ |
0.14 |
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