KFRC

EX-99.1

2 exhibit991q32026.htm

EXHIBIT-99.1

Document

Exhibit 99.1

KFORCE REPORTS THIRD QUARTER 2026 REVENUE OF $357.8 MILLION, EXCEEDING HIGH-END OF GUIDANCE, AND IMPROVING 7.5% YEAR OVER YEAR

TECHNOLOGY REVENUE GREW 7.8% YEAR OVER YEAR

GROSS PROFIT MARGINS IN THE THIRD QUARTER IMPROVED 50 BASIS POINTS YEAR OVER YEAR

EPS OF $0.90 INCLUDED A $0.12 GAIN ON COMPANY-OWNED LIFE INSURANCE POLICIES

TAMPA, FL, October 26, 2026 — Kforce Inc. (NYSE: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the third quarter of 2026.

Joseph J. Liberatore, President and Chief Executive Officer, said, "We are extremely pleased to deliver a quarter of accelerating revenue and earnings growth. Revenues, which exceeded the high end of our guidance, reflect the continuing build of momentum that began in the second half of 2025, as evidenced by another quarter of sequential growth and further accentuated with a year-over-year growth rate in our Technology business of nearly 8% that is roughly equivalent to our pre-pandemic compound annual growth rate. Across Kforce’s 64-year history, we have navigated—and helped our clients navigate—several defining periods of technological change. We witnessed that each transition reshaped the labor market, yet it also created new opportunities as workers, particularly technology professionals, developed new skills and adapted to evolving demands. We believe we are operating in an environment where many companies remain hesitant to add full-time staff and that broader uncertainty has further reinforced the need for agility. We believe these dynamics highlight the value of flexible workforce solutions as clients adapt to near-term uncertainty while assessing the longer-term implications of emerging technologies on their businesses and talent strategies."

Mr. Liberatore continued, "I am incredibly proud of the determination of our people and deeply appreciative of the trust our world-class clients continue to place in Kforce as we help them advance more meaningful, higher-value engagements. We believe our go-to-market approach, shaped by our integrated operating model, is gaining traction. Across the Firm, our people are operating more fully as "One Kforce," bringing the full breadth of our capabilities to bear across our service offerings."

Quarterly Financial Highlights

•Revenue for the quarter ended September 30, 2026 was $357.8 million, an increase of 2.4% sequentially and 7.5% year over year.

•Technology Flex revenue increased 2.5% sequentially and 7.8% year over year. FA Flex revenue increased 5.5% sequentially and 4.6% year over year.

•Gross profit margins of 28.2% decreased 30 basis points sequentially and increased 50 basis points year over year. Flex gross profit margins of 26.8% decreased 10 basis points sequentially and increased 50 basis points year over year.

•SG&A expenses as a percentage of revenue was 21.6% for the quarter ended September 30, 2026, which decreased 110 basis points sequentially and 120 basis points year over year. The gain on company-owned life insurance policies ("COLI Gain") benefited SG&A expenses as a percentage of revenue by 60 basis points in the quarter ended September 30, 2026.

•Operating margins were 6.3% for the quarter ended September 30, 2026, which increased 90 basis points sequentially and 180 basis points year over year. The COLI Gain benefited operating margins by 60 basis points in the quarter ended September 30, 2026.

•Diluted earnings per share for the quarter ended September 30, 2026 was $0.90, an increase of 23.3% sequentially and 42.9% year over year. The COLI Gain benefited earnings per share by $0.12 in the quarter ended September 30, 2026. The year over year increase to diluted earnings per share would have been 23.8% excluding the COLI Gain.

•We returned $6.7 million in capital to our shareholders in the form of quarterly dividends during the third quarter of 2026.

•Our Board of Directors approved a fourth quarter cash dividend of $0.40 per share to shareholders of record as of the close of business on December 4, 2026, which will be payable on December 18, 2026.

Fourth Quarter 2026 - Guidance

Looking forward to the fourth quarter of 2026, there will be 62 billing days, compared to 64 billing days in the third quarter of 2026 and 62 billing days in the fourth quarter of 2025. Current estimates for the fourth quarter of 2026 are:

•Revenue of $352 million to $360 million

•Earnings per share of $0.62 to $0.70

•Gross profit margins of 27.8% to 28.0%

•Flex gross profit margins of 26.4% to 26.6%

•SG&A expenses as a percent of revenue of 22.8% to 23.0%

•Operating margin of 4.5% to 4.9%

•WASO of 17.4 million

•Effective tax rate of 28.7%

Conference Call

On Monday, October 26, 2026, Kforce will host a conference call at 5:00 p.m. E.T. to discuss these results. The dial-in number is (833) 461-5787 and the conference passcode is 497 752 574. The prepa

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