Everforth, Inc.
asgn.comWhat Do They Do?
Provides IT consulting and project staffing for commercial enterprises, and data, cybersecurity, software engineering, and enterprise-platform solutions for government agencies.
10-K for FY2025, filed Feb 25, 2026Our Commercial Segment (70 percent of 2025 consolidated revenues) provides IT solutions to Fortune 1000 and large mid-market clients across…View ↗
Assignment — Our business heritage is in providing our clients with experienced IT and creative digital marketing billable professionals…View ↗
Our Federal Government Segment (30 percent of 2025 consolidated revenues) delivers advanced solutions in data and AI, cybersecurity…View ↗
How Do They Make Money?
Commercial clients pay hourly rates for labor and reimbursable costs under time-and-materials contracts; federal customers pay for services through time-and-materials, cost-reimbursable, and fixed-price contracts, generally as work is delivered. Fixed-price commercial work is also billed as the service is provided.
10-K for FY2025, filed Feb 25, 2026Revenue Recognition — Revenues are recognized as control of the promised service is transferred to customers, in an amount that reflects…View ↗
The majority of the Company's services are provided under time-and-materials ("T&M") contracts where payments are based on fixed hourly…View ↗
The Federal Government Segment also provides services under cost reimbursable and FFP contracts, which are recognized over time based on…View ↗
$4B
-
10-K for FY2025, filed Feb 25, 2026
$4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Commercial Business
Usage-based
10-K for FY2025, filed Feb 25, 2026 |
70%
FY2022: 75%
|
Commercial Business, FY2025
$2.8B Sources
|
Usage-based |
|
Federal Government Business
|
30%
FY2022: 25%
|
Federal Government Business, FY2025
$1.2B Sources
|
Who Are Their Customers?
Commercial clients are primarily Fortune 1000 and large mid-market companies; federal customers are government agencies, including defense, intelligence, national security, and civilian agencies. The company has direct contractual relationships with customers.
10-K for FY2025, filed Feb 25, 2026Our Commercial Segment (70 percent of 2025 consolidated revenues) provides IT solutions to Fortune 1000 and large mid-market clients across…View ↗
Our Federal Government Segment (30 percent of 2025 consolidated revenues) delivers advanced solutions in data and AI, cybersecurity…View ↗
Revenue Recognition — Revenues are recognized as control of the promised service is transferred to customers, in an amount that reflects…View ↗
10-K for FY2025, filed Feb 25, 2026
We support clients across a diverse set of industries. No client, other than the U.S. federal government, represented more than 10 percent…View ↗
10-K for FY2022, filed Feb 27, 2023
We serve our clients by effectively understanding their IT, consulting and digital creative marketing services needs and providing them…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.
10-K for FY2025, filed Feb 25, 2026
$230.3MView ↗
10-K for FY2025, filed Feb 25, 2026
$113.5MView ↗
10-K for FY2025, filed Feb 25, 2026
$288.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$14.2MView ↗
- ▼ −52%
- vs $29.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
-
Jul 9, 2026
Everforth refinanced and expanded its revolving credit facility
The new facility increased commitments from $500.0 million to $600.0 million and extended maturity from 2028 to 2031.
Sources
8-K, filed Jul 9, 2026
On July 7, 2026, Everforth, Inc. (the “Company”) entered into the Third Amendment to its Third Amended and Restated Credit Agreement (the…View ↗
Flat. Revenue was $4B in FY2025, about the same as the $4B of FY2021.
More IT consulting work
The latest report describes a focus on higher-value IT consulting and digital engineering solutions, while the older report described staffing and consulting together and emphasized a broader mix of IT services and professional solutions.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 25, 2026ASGN Incorporated ("ASGN," "our", "we," or "us") is a leading provider of information technology (IT) solutions to the commercial and…View ↗
Over the past six years, we have strategically refined our focus and broadened our service portfolio to encompass high-value, high-margin…View ↗
Our business model continues to evolve in line with client needs and expectations to focus on higher-end, higher-value IT solutions…View ↗
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