HCKT · CIK 0001057379
What The Hackett Group, Inc. told the SEC could break it.
As a professional-services firm, Hackett's results rest on people and on discretionary client spending: its revenue depends on attracting, retaining and rapidly deploying skilled billable consultants (1,503 associates, 81% billable), and demand is macro-sensitive — inflation, high interest rates or weak business confidence can push clients to defer advisory, benchmarking and implementation work. A meaningful slice of the business is also tied to two software vendors, with its Oracle Solutions and SAP Solutions segments depending on Oracle and SAP roadmaps and migration cycles (2025 growth came largely from software sales and S/4HANA cloud-migration services), so a slowdown in that wave or a shift in partner economics would pressure them. It also carries modest customer concentration — one customer was 11% of total revenue in 2024 (6% in 2025).
4 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Other disclosures
- consulting/IT-services demand sensitive to macroeconomic conditions, business confidence, inflation and interest ratesmedium
Hackett's results are affected by macroeconomic conditions and levels of business confidence — deterioration or an economic downturn driven by inflation, high interest rates or national/global uncertainty can cause clients to defer or cut consulting and IT-services spending, reducing demand for its discretionary advisory, benchmarking and implementation engagements.
“Our results of operations are affected by economic conditions, including macroeconomic conditions and levels of business confidence.”
SEC filing →As of 2026 - Oracle and SAP ecosystem dependence — two of three segments tied to Oracle and SAP software cycles (e.g. S/4HANA migration wave)medium
Two of Hackett's three reportable segments — Oracle Solutions and SAP Solutions — derive revenue from implementing and reselling Oracle and SAP software (2025 growth was driven by software sales and S/4HANA cloud-migration implementation services), making a meaningful portion of revenue dependent on those two vendors' product roadmaps, partner-program terms and migration cycles; a slowdown in the S/4HANA migration wave or a change in Oracle/SAP partner economics would pressure those segments. (Captured as named Oracle/SAP partner edges; this records the dependency risk.)
“The increase in revenue during 2025 was primarily due to increased software sales in 2025 and implementation services related to S/4HANA cloud migrations.”
Customer concentration
- one customer up to 11% of total revenue (2024; 6% in 2025/2023), spanning all three segmentsmedium
Hackett serves Global 2000 companies and sophisticated buyers of consulting/IT services, and has had modest single-customer concentration — one customer was 11% of total revenue in 2024 (6% in 2025 and 2023), with that customer contributing across all three segments in 2024-2025; while currently below 10%, dependence on a large client and on the size of existing engagements is a revenue risk. (Customer not named; recorded as concentration risk.)
“In 2025, one customer accounted for 6% of total revenue, in 2024 one customer accounted for 11% of total revenue and in 2023 one customer accounted for 6% of total revenue.”
SEC filing →As of 2026
Key person
- consulting model depends on attracting, retaining and rapidly deploying skilled billable professionals (1,503 associates, 81% billable)medium
As a professional-services firm, Hackett's revenue depends on its ability to deliver market-leading services and to deploy skilled teams of professionals quickly — it had 1,503 associates (81% billable) — so failure to attract, retain and utilize qualified consultants, or to maintain Executive Advisory Program renewal rates and launch new programs, would directly reduce billable capacity and operating results.
“The level of revenue we achieve is based on our ability to deliver market leading services and solutions and to deploy skilled teams of professionals quickly.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
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