KORN FERRY 10-Q

Financial Statements (unaudited)

Item 1. Condensed Consolidated Financial Statements KORN FERRY AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS July 31, 2026 April 30, 2026 (unaudited) (in thousands, except per share data) ASSETS Cash and cash equivalents $ 800,852 $ 1,095,445 Marketable securities 15,439 38,914 Receivables due from clients, net of allowance for doubtful accounts of $ 44,591 and $ 42,527 at July 31, 2026 and April 30, 2026, respectively 615,274 573,350 Income taxes and other receivables 68,265 75,410 Unearned compensation 67,215 64,421 Prepaid expenses and other assets 71,923 58,437 Total current assets 1,638,968 1,905,977 Marketable securities, non-current 234,778 247,132 Property and equipment, net 193,676 191,531 Operating lease right-of-use assets, net 170,191 170,986 Cash surrender value of company-owned life insurance policies, net of loans 304,906 289,058 Deferred income taxes 118,383 113,207 Goodwill 945,837 950,636 Intangible assets, net 39,754 45,858 Unearned compensation, non-current 140,457 118,592 Investments and other assets 29,926 31,799 Total assets $ 3,816,876 $ 4,064,776 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ 50,316 $ 49,682 Income taxes payable 18,718 19,573 Compensation and benefits payable 299,408 570,242 Operating lease liability, current 30,621 28,111 Other accrued liabilities 292,154 314,402 Total current liabilities 691,217 982,010 Deferred compensation and other retirement plans 531,991 510,774 Operating lease liability, non-current 163,701 164,899 Long-term debt 398,778 398,565 Deferred tax liabilities 6,607 5,723 Other liabilities 23,305 23,902 Total liabilities 1,815,599 2,085,873 Stockholders' equity Common stock: $ 0.01 par value, 150,000 shares authorized, 80,165 and 79,203 shares issued and 50,790 and 50,225 shares outstanding at July 31, 2026 and April 30, 2026, respectively 276,212 284,370 Retained earnings 1,799,808 1,761,063 Accumulated other comprehensive loss, net ( 81,633 ) ( 72,827 ) Total Korn Ferry stockholders' equity 1,994,387 1,972,606 Noncontrolling interest 6,890 6,297 Total stockholders' equity 2,001,277 1,978,903 Total liabilities and stockholders' equity $ 3,816,876 $ 4,064,776 The accompanying notes are an integral part of these condensed consolidated financial statements. 1 KORN FERRY AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) Three Months Ended July 31, 2026 2025 (in