Exponent : 2026 Investor Presentation
EXPO
Published on 04/30/2026 at 11:44 pm EDT
2026 Investor Presentation
@ 2026 Exponent, Inc. | Privileged & Confidential 1
Premium Engineering & Scientific Consulting
Exponent harnesses the power of technical excellence, objectivity and disciplinary diversity to solve our clients' toughest challenges
3
World's Best Problem Solvers for More
than Five Decades
OVERVIEW OUR WORLD CLASS TALENT
50+ years of expansion and diversification across disciplines and industries
Best-in-class engineering and scientific expertise
Bespoke multidisciplinary solutions for high
exposure, high-risk challenges around the world
Unparalleled reputation for rigorous,
objective technical analyses throughout the product lifecycle
900+
Consulting Staff
250+
Standards
committees and advisory boards served
650+
Doctoral-level
professionals
50+
Staff serving on
editorial review boards/peer reviewers
90+
Disciplines
1,250+
Staff academic
articles published
Note: Figures as of 12/31/25
4
Proven Track Record of Results
STRONG FINANCIAL POSITION
COMPELLING INVESTMENT THESIS
Positioned to capitalize on increasing demand for
a safer, healthier, more sustainable world
$582M
FY25 Revenue
28%
FY25 EBITDA Margin1,2
Wide competitive moat through unique multi-
disciplinary solutions and world class talent
Strategic resource management and agility to
capitalize on high growth areas
Strong profitable organic growth
$0.31
Quarterly Dividend
$2.07
FY25 EPS
Healthy balance sheet and strong cash flow
generation
1Refer to non-GAAP reconciliation on slide 25 2EBITDA Margin % = EBITDA/Revenues before Reimbursements
5
50+ Years of Future-Focused Thinking
Failure Analysis Associates (FaAA) was founded
Expansion: Test and Engineering Center
Acquired Environmental Health Strategies and PTI Environmental Services
Acquired Novigen Sciences
Project: Toyota unintended acceleration
Project: Camp Fire, California
Project: Cruise, Automated Vehicle Incident Response
1970 1980 1990 2000 2010 2020
Exponent adds new engineering and science disciplines
Public Filing/ NASDAQ listing under the ticker "FAIL"
Name changed to Exponent Inc.; NASDAQ listing updated to "EXPO"
Expanded presence into Asia
Project: Deep Water Horizon explosion, Gulf Coast
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Connecting the Lessons of Past Failures
with Tomorrow's Solutions
We leverage our wealth of failure analysis learnings to develop the breakthrough insights our
clients need, generating opportunity at every stage of the product lifecycle.
Design
Prototype
Upgrades and Refinements
Product Lifecycle
Test
Production
Pre-Production
Reactive Services
Understanding the past
Litigation support
Accident and failure investigation
Product recalls
Regulatory actions
Insurance investigations
Proactive Services
Charting a course for the future across the product lifecycle
Product and process improvement
Research and development
Risk management
Regulatory consulting
7
Our History of Growth & Diversification
2025
1967
Reactive Proactive
8
Diversified Portfolio Provides Resilience
CONSUMER
PRODUCTS
ENERGY
TRANSPORTATION
CHEMICALS
LIFE SCIENCES & HEALTHCARE
CONSTRUCT
Reactive Proactive
Reactive work driven by disputes and failure analysis work across the globe which have historically
been less impacted by challenging economic cycles
Note: Revenue and mix reflect Full Year 2025 results
9
Diverse Customer Relationships
Our Clients
10K
FY25
Engagements
2K
FY25
Clients
Corporate
Legal Government
Deep Industry Know-How
Construction
Chemicals
Consumer Products
Electronics
Energy
Food
& Beverage
Government
Industrial
& Manufacturing
Life Sciences
& Healthcare
Mining
& Forestry
Software & Computer
Science
Transportation Utilities
10
Strong Growth Momentum Through Safety, Health & Environmental Trends
TRANSPORTATION UTILITIES
CONSUMER ELECTRONICS
LIFE SCIENCES
& HEALTHCARE
CHEMICAL
Key Drivers / Trends
Automation
Electrification
Energy transition
Climate resilience
Aging infrastructure
Augmented and virtual reality
Wearable technology
Digital health
Health equity
Combination products
Human health effects
Environmental impact
Selected Exponent Solutions
Advanced Driver Assistance System litigation
Battery performance and safety studies
Asset risk analysis
Climate vulnerability studies
Wildfire
investigations
AI/ML studies
Product development consulting
Medical device recalls
Real-world evidence strategy and solutions
Regulatory consulting
Toxic tort litigation
Product
stewardship
11
Our Bespoke Multidisciplinary Teams
Exponent's flexibility to build the right team at the right time
is truly unrivaled.
Polymers & Chemistry
Biomedical Engineering & Sciences Mechanical Engineering
Ecological & Biological Sciences
Thermal Sciences
Vehicle Engineering
Human Factors
Projects
Biomechanics
Electrical Engineering & Computer Science
Metallurgical & Corrosion Engineering
Data Sciences
12
Our Bespoke Multidisciplinary Teams
Exponent's flexibility to build the right team at the right time
is truly unrivaled.
Environmental & Earth Sciences
Polymers & Chemistry
Biomedical Engineering & Sciences
Chemical Regulation & Food Safety
Mechanical Engineering v
Thermal Sciences
Vehicle Engineering
Batteries
Civil & Structural Engineering
Construction Consulting
Human Factors
Biomechanics
Electrical Engineering & Computer Science
Metallurgical & Corrosion Engineering
Data Sciences
13
Our Bespoke Multidisciplinary Teams
Exponent's flexibility to build the right team at the right time
is truly unrivaled.
Polymers & Chemistry
Biomedical Engineering & Sciences
Mechanical Engineering
Thermal Sciences
Vehicle Engineering
Human Factors
PFAS
Civil & Structural Engineering
Construction Consulting
Biomechanics
Electrical Engineering & Computer Science
v
Materials Science & Electrochemistry
Metallurgical & Corrosion Engineering
Data Sciences
14
Our Bespoke Multidisciplinary Teams
Exponent's flexibility to build the right team at the right time
is truly unrivaled.
Biomedical Engineering & Sciences
v
Ecological & Biological Sciences
Mechanical Engineering
Chemical Regulation & Food Safety
Thermal Sciences
Health Sciences
ADAS
Vehicle Engineering
Civil & Structural Engineering
Human Factors
Construction Consulting
Biomechanics
v
Electrical Engineering & Computer Science
Metallurgical & Corrosion Engineering
Polymers & Chemistry
Materials Science & Electrochemistry
Data Sciences
Environmental & Earth Sciences
15
World-Class Culture & Talent
Sourcing candidates from increasingly diverse backgrounds and skill sets
Leveraging science, technology, engineering and math (STEM) to empower the communities around us
Seminar series, mentoring and continuing education programs
Employee engagement and staff surveys to ensure voices are heard
16
E
onent
@ 2026 Exponent. Inc. | Privileged & Confidential
17
Proven Financial Results
$700
$600
$500
$400
$300
$200
$100
$0
$70
$60
$50
$40
$30
$20
$10
$0
Revenue ($M)
$466M
$513M
$536M
$559M
$582 M
$400M
2020 2021 2022 2023 2024 2025
Dividends Paid ($M)
$54M
$58M
$49M
$40M
$43M
$62M
2020 2021 2022 2023 2024 2025
35%
30%
25%
20%
15%
10%
5%
0%
$140
$120
$100
$80
$60
$40
$20
$0
EBITDA Margin1,2 (%)
27.0%
27.7%
28.4%
27.6%
30.4% 29.6%
2020 2021 2022 2023 2024 2025
Free Cash Flow ($M)
$138M
$118M
$111M
$122M
$98M
$82M
2020 2021 2022 2023 2024 2025
1Refer to non-GAAP reconciliation on slide 25
2EBITDA Margin % = EBITDA/Revenues before Reimbursements
18
Capital Allocation
$350
$300
Cash and Short Term Investments ($M):
2020-2025
$297.7M
$258.9M
$242.5M
$221.9M
$187.2M
$161.5M
$331M
Repurchased Shares (or ~4.2M shares)
2020-2025
Cash Returned to Shareholders:
$306M
Dividend Payments
$250
$200
$150
$100
$50
$0
2020 2021 2022 2023 2024 2025
19
Key Metrics - Q1 2026
($ Millions, except where noted) 2025 2026 % Change
Revenues Before Reimbursements
$137.4
$151.8
10%
Revenues
145.5
166.3
14%
EBITDA1
$37.5
$43.1
15%
EBITDA Margin2 (%)
27.3%
28.4%
Net Income
26.7
29.6
11%
Earnings per share ($)
0.52
0.59
13%
Average diluted shares outstanding (Millions)
51.7
50.1
-3%
Billable hours
376,000
399,000
6%
Utilization, technical
75%
76%
Realized rate increase
4%
4%
Technical full time equivalent employees
966
1,013
5%
1Refer to non-GAAP reconciliation on slide 25
2EBITDA Margin % = EBITDA/Revenues before Reimbursements
20
Disclaimer
Exponent Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2026 at 03:43 UTC.