Resources Connection, Inc.
RGP Industrials Consulting Services
Resources Connection, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $452.0 million, down 18.0% from fiscal 2025. In the quarter to August 2026, revenue fell 18.4%, EPS fell 229.6% and free cash flow fell 140.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Resources Connection, Inc. (RGP) Beneish M-score
Resources Connection, Inc.'s Beneish M-score for fiscal 2026 is −3.53; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −3.53 | 2.67 |
| FY2025 | −6.20 | (3.61) |
| FY2024 | −2.59 | 0.25 |
| FY2023 | −2.84 | (0.63) |
| FY2022 | −2.21 | 0.13 |
| FY2021 | −2.34 | 0.43 |
| FY2020 | −2.76 | (0.21) |
| FY2019 | −2.56 | (0.31) |
| FY2018 | −2.24 | 0.58 |
| FY2017 | −2.82 | (0.28) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.87 | — | 0.80 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 1.03 | — | 0.42 | |
| Sales growth index | 0.82 | — | 0.73 | |
| Depreciation index | 1.31 | — | 0.15 | |
| SG&A index | 1.22 | — | −0.21 | |
| Total accruals to total assets | (0.16) | — | −0.76 | |
| Leverage index | 1.06 | — | −0.35 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.53 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| FORR Forrester Research, Inc. compare | −4.4× |
| RGP Resources Connection, Inc. | −3.5× |
| DGNX Diginex Limited compare | −3.3× |
| RYOJ rYojbaba Co., Ltd. compare | −3.2× |
| AERT Aeries Technology, Inc. compare | −2.5× |
| EFTY Etoiles Capital Group Co., Ltd. compare | −1.3× |
| ACCL Acco Group Holdings Limited compare | −0.6× |
| EGG Enigmatig Limited compare | 0.5× |
| LAWR Robot Consulting Co., Ltd. compare | 2.5× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI