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Here are 1-2 brief analogies for Resources Connection (RGP):

• Think of them as a 'project-based' professional services provider, akin to how firms like PwC or KPMG staff specialized teams for things like regulatory compliance or finance system implementations.

• They're a consulting firm that provides expert teams for specific business projects and transformations, a bit like a more agile version of services offered by larger firms such as Accenture or Deloitte.

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• Transaction Consulting Services: RGP assists businesses with significant events like mergers, acquisitions, divestitures, bankruptcies, IPO preparation, and system implementations.
• Regulatory & Compliance Consulting Services: RGP helps clients navigate complex accounting rules, ensure internal audit and compliance, manage data privacy and security, and adhere to various regulatory requirements.
• Transformation Consulting Services: RGP guides companies through strategic changes such as finance and digital transformations, supply chain optimization, cloud migration, and data analytics initiatives.

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Resources Connection (RGP) provides consulting services primarily to other companies, not individuals. As a consulting firm, RGP serves a diverse range of business customers, from middle-market companies to large multinational corporations, across various industries and geographies.

Due to client confidentiality and the nature of its business, RGP does not publicly disclose the names of its specific major customers. Their financial filings (e.g., 10-K reports) indicate that no single client represented 10% or more of their consolidated revenues in recent fiscal years. This signifies that their client base is diversified, and no individual client is considered material enough to warrant specific public disclosure.

Therefore, it is not possible to list specific major customer companies by name for RGP.

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Roger Carlile, President and Chief Executive Officer

Roger Carlile was appointed President and Chief Executive Officer of Resources Connection (RGP) in November 2025. He joined RGP's board in June 2024. Carlile founded Ankura Consulting Group, LLC, a global business advisory firm, in 2014, serving as its CEO for five years and Board Chair for six years, during which time it grew to over $550 million in revenue and approximately 1,500 employees. Ankura received a $100 million strategic growth investment from private equity partner Madison Dearborn Partners (MDP) in 2016. Prior to founding Ankura, Carlile spent over a decade at FTI Consulting, Inc., where his roles included Chief Financial Officer, Chief Administrative Officer, Chief Human Resources Officer, and global leader of the firm's forensic and litigation consulting and technology segments. He also served as the global and Americas leader of KPMG's forensic services practice, which was later sold to FTI Consulting, and held positions at PricewaterhouseCoopers and Deloitte & Touche.

Jennifer Ryu, Executive Vice President and Chief Financial Officer

Jennifer Ryu serves as Executive Vice President and Chief Financial Officer of RGP, a position she has held since February 2020, after serving as Interim CFO from August 2019. She joined RGP in April 2019 as Senior Vice President of Finance & Accounting. Before her tenure at RGP, Ryu was the Chief Accounting Officer at Young's Holdings, a privately-owned distributor and importer of wine and spirits, for five years, where she was responsible for technical and general accounting functions and contributed to transformational initiatives including ERP system implementation. She previously spent seven years at Kaiser Aluminum as Director of External Reporting. Ryu began her career in public accounting with Deloitte. She is a Certified Public Accountant.

Bhadresh Patel, Chief Operating Officer

Bhadresh Patel was appointed Chief Operating Officer of RGP in April 2024. He previously served as RGP's Chief Digital Officer from September 2021 to April 2024. Patel co-founded Veracity Consulting Group, LLC, a digital transformation firm, in 2015 and served as its CEO until RGP acquired the company in 2019. Following the acquisition, he continued to lead Veracity as its CEO and later became RGP's Chief Digital Officer. Prior to Veracity, Patel held a Senior Vice President role at ICF International, a global consulting and technology services company.

Jennifer Jones, Chief Strategy & Experience Officer

Jennifer Jones was promoted to Chief Strategy & Experience Officer at RGP in February 2026. In this expanded role, she is responsible for aligning the company's strategic objectives with industry trends, customer needs, market opportunities, and organizational capabilities, and continues to lead the marketing and communications functions. Most recently, Jones served as RGP's Chief Marketing Officer, leading the relaunch of the global brand and enhancing its position as an industry thought leader. Her career background includes spearheading large-scale transformations spanning brand, customer experience, employee experience, service design, workplace automation, and AI-enabled operating models. She previously founded her own successful marketing consulting firm.

Scott Rottmann, President, CFO Advisory

Scott Rottmann was appointed President, CFO Advisory at RGP in August 2025. In this role, he leads RGP's Office of the CFO consulting capability area, overseeing the firm's Finance & Accounting, Governance, Risk & Compliance, and Tax & Treasury practices. Rottmann brings over 25 years of professional services experience. Prior to joining RGP, he served as a principal and partner at EY-Parthenon. His previous experience also includes senior leadership positions at Genpact and Deloitte, and he spent six years as a managing director and commercial sector leader at MorganFranklin Consulting. Rottmann began his career in the audit practice of PwC. He is a Certified Public Accountant (CPA).

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1. Declining Financial Performance and Potential Financial Distress: Resources Connection, Inc. has experienced a decline in revenue and widening net losses, with a 3-year revenue growth decline of -11.4% and a concerning net margin of -35.25%. Furthermore, the company's Altman Z-Score is in the distress zone, implying a potential risk of bankruptcy within the next two years. The company's return on invested capital (ROIC) is also below its weighted average cost of capital (WACC), indicating potential inefficiencies in capital allocation.
2. Highly Competitive Market and Challenges in Attracting and Retaining Talent: The market for professional services is highly competitive, with numerous competitors, some possessing greater financial resources and name recognition. This intense competition can affect RGP's ability to attract and retain both clients and qualified consultants. The loss of key management or sales professionals, or a significant increase in wages and payroll-related costs, could disrupt operations and adversely affect financial results.
3. Impact of Technological Advancements: Technological advancements, particularly in artificial intelligence (AI) and automation, pose a risk of reducing demand for RGP's traditional consulting services. As a labor-intensive industry heavily dependent on human thought processes, the rise of AI and robotics could fundamentally impact the consulting market.

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The following are clear emerging threats for Resources Connection (RGP):

• Artificial Intelligence and Automation: The rapid advancement and adoption of artificial intelligence and automation tools threaten traditional consulting services by enabling businesses to automate tasks previously performed by human consultants. This includes data analysis, report generation, routine compliance checks, and aspects of financial and operational process optimization. As these technologies become more sophisticated and accessible, they could significantly reduce the demand for human expertise in certain areas, offering cheaper, faster, and more scalable alternatives for a range of diagnostic and implementation tasks.
• Emergence of Digital Consulting Marketplaces and Gig Economy Platforms: The growing prevalence of online platforms that directly connect businesses with independent consultants, freelancers, and specialized project teams for specific engagements. These digital marketplaces disintermediate traditional consulting firms like RGP by offering clients direct access to a global pool of talent, often with greater flexibility, transparency, and potentially lower costs. This trend could erode market share for traditional firms, particularly for project-based work that can be modularized and delivered remotely.

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Resources Connection, Inc. (RGP) operates within several significant addressable markets for its consulting services across North America, Europe, and the Asia Pacific region. Here are the estimated market sizes for their main products and services:

Overall Consulting Services

• The global management consulting services market was valued at approximately USD 466.68 billion in 2024. This market is projected to grow to USD 721.60 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.63% from 2025 to 2032.
• North America held the largest share of the global management consulting services market, accounting for 33.51% in 2024, with the U.S. market alone valued at USD 123.15 billion in 2024.

Transactions Services

• The global transaction advisory services market was projected to grow from USD 35 billion in 2025 to USD 66 billion by 2033, at a CAGR of 9.1%.
• The global mergers and acquisitions advisory market was valued at USD 29.29 billion in 2026 and is projected to reach USD 36.57 billion by 2035, with a CAGR of 2.5%. North America leads this market with a 45% share.

Regulations Services

• The global regulatory and compliance management consulting market is valued at USD 19.2 billion in 2025 and is projected to reach USD 33.7 billion by 2034, growing at a CAGR of 6.4%. Regulatory Compliance Consulting is anticipated to dominate this segment, capturing 32.0% of the total market share in 2025.
• North America held a dominant position in the regulatory and compliance management consulting market in 2024, capturing over 32.4% share with revenue around USD 8.2 billion. The U.S. market alone contributed approximately USD 7.05 billion in 2024.
• The global risk and compliance consulting market was projected to reach USD 30,374.6 million by 2033, growing at a CAGR of 7.699% from 2021. North America and Europe combined held over 62% of the global market share in 2025.

Transformations Services

• Finance Transformation: The global finance transformation implementation consulting market is estimated to be valued at approximately USD 789.9 billion in 2026 and is projected to reach USD 2,589.10 billion by 2035, expanding at a CAGR of 14.1% from 2026 to 2035. North America leads this market with a 38-42% share for large enterprise transformations. Separately, the corporate finance transformation consulting market was valued at USD 20.6 billion in 2023 and is projected to reach USD 46 billion by 2031, at a CAGR of 10.04%. North America held over 40% of the global revenue for corporate finance transformation consulting in 2024.
• Digital Transformation: The global digital transformation consulting market was worth USD 344.72 billion in 2024 and is estimated to reach USD 383.33 billion in 2025, with a projected growth to USD 896.21 billion by 2033 at a CAGR of 11.2% from 2025 to 2033. North America is the largest market for digital transformation consulting, holding approximately 40% of the global market share.
• Supply Chain Management: The global supply chain consulting market is valued at USD 24 billion based on a five-year historical analysis. Another source indicates the global supply chain consulting market size is USD 24,152.2 million in 2024 and will expand at a CAGR of 18.60% from 2024 to 2031. North America held the major market for supply chain consulting, accounting for more than 40% of global revenue with a market size of USD 9,660.88 million in 2024.
• Cloud Migration: The global cloud migration services market size was estimated at USD 16.897.2 million in 2024 and is projected to reach USD 70,339.4 million by 2030, growing at a CAGR of 27.8% from 2025 to 2030. North America was the largest revenue-generating market in 2024, accounting for 33.8% of the global market. The U.S. market is expected to grow significantly at a CAGR of 26.2% from 2025 to 2030.
• Data Design and Analytics: The global data analytics market size was estimated at USD 69.54 billion in 2024 and is projected to reach USD 302.01 billion by 2030, growing at a CAGR of 28.7% from 2025 to 2030. North America accounted for a dominant global share of 31.75% in 2024. The Big Data Analytics Consulting Services market is projected to grow from USD 26.37 billion in 2025 to USD 45.0 billion by 2035, registering a CAGR of 5.49% from 2025 to 2035. North America held a dominant market position in the Big Data Consulting Market in 2024, capturing more than 38% of the global market share, generating approximately USD 3.70 billion in revenue.

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Here are the expected drivers of future revenue growth for Resources Connection (RGP) over the next 2-3 years:

1. Scaling the Consulting Business and Expanding High-Value Offerings: Resources Connection is focused on expanding its consulting segment by identifying and hiring experienced consulting professionals to deliver high-value solutions. This strategy includes strengthening their focus on CFO advisory and digital transformation, as well as enhancing capabilities in financial transformation, technology, data analytics, and risk management. The company aims to move up the value chain with existing clients, expanding its role from On-Demand Talent into Advisory Services on mission-critical work streams. The integration of Reference Point is also expected to enhance collaboration and streamline go-to-market execution in these focus areas.
2. Growth in Europe and Asia Pacific Markets: The Europe and Asia Pacific segment has demonstrated year-over-year and sequential growth, with Europe specifically noted as a bright spot. This growth is driven by strong client relationships, project extensions, and an increase in average bill rates due to value-based pricing and a shift in geographic revenue mix towards Europe, where average bill rates are higher.
3. Refocusing On-Demand Offerings and Aligning with Client Demand: RGP is working to improve its On-Demand segment by better understanding and addressing clients' evolving needs. This involves adjusting its talent pool to emphasize skills in high-demand areas such as ERP, finance transformation, data, and supply chain, particularly those requiring AI expertise and knowledge.
4. Value-Based Pricing and Improving Average Bill Rates: The company continues to implement value-based pricing initiatives, which have led to increases in average bill rates across various segments and geographic regions. This pricing discipline, combined with a strategic focus on higher-value engagements, is expected to contribute to revenue growth.

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Share Repurchases

• Resources Connection returned $36.2 million to stockholders through its share repurchase program over the past three fiscal years, ending May 31, 2025.
• During the fiscal year ended May 31, 2025, the company repurchased 1,382,820 shares for approximately $13.0 million at an average price of $9.40 per share.
• As of May 31, 2025, approximately $79.2 million remained available for future repurchases under the Stock Repurchase Programs, and in October 2024, the company announced a new authorization to repurchase up to $50 million of common stock with no expiration date.

Share Issuance

• In Q2 Fiscal Year 2026, the company's Chief Operating Officer was awarded 75,000 Restricted Stock Units (RSUs) that vest in three equal installments over three years.
• Resources Connection had 34 million shares outstanding in Q2 2026, representing a 0.3% increase from the prior quarter.

Outbound Investments

• In fiscal year 2025, the company acquired Reference Point LLC, a U.S.-based advisory firm, to enhance its consulting services, particularly in technology and data capabilities, with the aim of accelerating growth in its consulting business.
• Fiscal year 2024 included the acquisition of CloudGo.

Capital Expenditures

• In fiscal year 2025, Resources Connection capitalized $20.8 million for a technology platform initiative, which included completing its Enterprise Resource Planning (ERP) system implementation in North America.
• The company invested $321K in capital expenditures in Q2 2026, funding long-term assets and infrastructure, an increase of 165.3% from the prior quarter.
• Capital expenditures of $2.7 million absorbed a large share of operating cash flow in Q2 2024.