Exponent, Inc. Is Winning Big in Proactive Consulting — But Can It Stay Ahead of Rising Global Regulations?

Exponent, Inc. delivered robust financial performance in Q3 2025, reflecting strong demand across its diversified portfolio. Revenues experienced a notable increase, with total revenues rising by 8% year-over-year to $147.1 million, and net revenues—a critical metric excluding reimbursements—increasing by 10% to $137.1 million. This growth was largely driven by heightened demand for dispute-related and reactive engagements across key sectors like energy, transportation, life sciences, and construction. However, these gains were somewhat offset by reduced activity in consumer electronics, although trends in this area began to show improvement towards the end of the quarter. The company successfully capitalized on the increasing complexity in dispute-related activities, notably in the energy sector, seeking expertise in failure analysis for both legacy systems and new technologies. There was also a significant uptick in reactive activities in life sciences, primarily scrutinizing complex medical devices for safety and performance issues.