olivLaw · US equity research
RCM Technologies, Inc. RCMT
Services-Help Supply Services · SIC 7363 · Vertical: Services-Help Supply Services (SIC 7363)
RCM Technologies provides specialty healthcare staffing, engineering and IT solutions to clients in North America and Europe. In fiscal 2025 the company reported revenue of 319.4 million USD, up 14.7%, driven by demand for medical staff and energy and aerospace project work.
At the close of 05 Nov 2026, RCM Technologies, Inc. (RCMT) stock was 31.82 USD (−8.80% on the day), with market capitalisation 226.3 m USD, P/E 13.8 on diluted EPS of 2.31 USD over the last 12 months, beta 0.84, 52-week range 17.55–42.02 USD. Latest reported quarter (Q2 2027): revenue of 93.8 m USD (+20.0% YoY), net income of 4.9 m USD (+29.5% YoY), diluted EPS 0.68 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 21.3
- oversold (≤ 30)
- Bollinger (20, 2)
- 32.56 – 41.64
- below the lower band · %B -0.08 · band width 24.5%
- SMA 50 / 200
- 39.30 / 28.94
- mixed trend
- MACD (12, 26, 9)
- -1.55 / -1.09
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −23.0% | −5.9% | −17.0 pp | — |
| 3 months | +11.5% | −4.6% | +16.2 pp | — |
| 6 months | +11.3% | +0.2% | +11.1 pp | — |
| Year to date | +55.6% | +7.4% | +48.2 pp | — |
| 1 year | +36.3% | +8.2% | +28.1 pp | +18.6% |
| 3 years | +65.4% | +68.4% | −3.0 pp | −39.5% |
| 5 years | +385.8% | +56.5% | +329.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 04 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.4 m | 76.9 m | 84.5 m | 78.2 m | 70.3 m | 86.5 m | 83.0 m | 93.8 m |
| Cost of revenue | 42.5 m | 55.3 m | 62.5 m | 55.9 m | 50.9 m | 62.2 m | 61.0 m | 69.7 m |
| Gross profit | 17.8 m | 21.6 m | 22.0 m | 22.3 m | 19.4 m | 24.3 m | 22.0 m | 24.1 m |
| SG&A | 13.0 m | 16.0 m | 15.0 m | 15.3 m | 14.9 m | 15.8 m | 15.5 m | 15.6 m |
| Operating income | 4.4 m | 6.3 m | 6.6 m | 6.6 m | 3.9 m | 8.0 m | 5.9 m | 8.0 m |
| Depreciation & amortisation | 438.0 k ≈ | 954.0 k | 424.0 k | 401.0 k ≈ | 539.0 k ≈ | 554.0 k | 554.0 k | 558.0 k ≈ |
| Pre-tax income | 3.8 m | 5.8 m | 5.9 m | 5.7 m | 3.3 m | 7.2 m | 5.4 m | 7.2 m |
| Income tax | 1.0 m | 2.9 m | 1.7 m | 1.9 m | 1.1 m | 1.1 m | 1.5 m | 2.3 m |
| Net income | 2.7 m | 2.9 m | 4.2 m | 3.8 m | 2.3 m | 6.1 m | 3.8 m | 4.9 m |
| Diluted EPS | 0.35 | 0.37 ≈ | 0.54 | 0.50 | 0.30 | 0.81 ≈ | 0.52 | 0.68 |
| Operating cash flow | -4.3 m ≈ | -1.6 m | 16.7 m | -7.9 m ≈ | -1.3 m ≈ | 11.4 m | 2.7 m | 10.9 m ≈ |
| Capex | 522.0 k ≈ | 983.0 k | 427.0 k | 473.0 k ≈ | 498.0 k ≈ | 197.0 k | 97.0 k | 104.0 k ≈ |
| Share repurchases | 2.4 m ≈ | -1.0 k | 3.2 m | 1.9 m ≈ | 0 ≈ | 2.2 m | 6.7 m | -31.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 52 percentile of its own 23-quarter history (min 6.1, median 13.8, max 37.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2021 | ⚠ 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 186.7 m | 200.4 m | 191.1 m | 150.4 m | 284.7 m | 263.2 m | 278.4 m | 319.4 m |
| Revenue YoY | +5.8% | +7.3% | −4.6% | unavailable | — | −7.5% | +5.8% | unavailable |
| Net income | 2.0 m | 2.7 m | 4.1 m | -8.9 m | 20.9 m | 16.8 m | 13.3 m | 16.3 m |
| Net income YoY | +14.3% | +35.1% | +49.5% | unavailable | — | −19.4% | −20.8% | unavailable |
| Diluted EPS | 0.17 | 0.22 | unavailable | -0.73 | 2.00 | 1.96 | 1.68 | 2.14 |
| Diluted EPS YoY | +21.4% | +29.4% | unavailable | unavailable | — | −2.0% | −14.3% | unavailable |
| net % | 1.1% | 1.4% | 2.1% | -5.9% | 7.3% | 6.4% | 4.8% | 5.1% |
| Free cash flow | 4.0 m | -1.6 m | -5.1 m | 24.8 m | 27.4 m | 9.6 m | 3.6 m | 17.4 m |
The series breaks before 2022: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 03 Jan 2026
- Cash
- 2.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 46.0 m USD
- Total assets
- 134.4 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.85x
- ROE
- unavailable
- ROA
- 12.2%
- FCF margin
- 5.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 191.1 m | 150.4 m | 284.7 m | 263.2 m | 278.4 m | 319.4 m | SEC (XBRL)· 03 Apr 2026verified |
| Cost of revenue | 142.5 m | 111.6 m | 201.8 m | 186.5 m | 198.6 m | 231.5 m | SEC (XBRL)· 03 Apr 2026verified |
| Gross profit | 48.6 m | 38.9 m | 82.9 m | 76.7 m | 79.8 m | 87.9 m | SEC (XBRL)· 03 Apr 2026verified |
| SG&A | 40.4 m | 37.8 m | 53.4 m | 52.2 m | 56.8 m | 60.9 m | SEC (XBRL)· 03 Apr 2026verified |
| Operating income | 6.6 m | -11.0 m | 28.8 m | 23.7 m | 22.3 m | 25.1 m | SEC (XBRL)· 03 Apr 2026verified |
| Depreciation & amortisation | 1.6 m | 1.4 m | 1.0 m | 1.2 m | 2.1 m | 1.9 m | SEC (XBRL)· 03 Apr 2026verified |
| EBITDA | 8.2 m ≈ | -9.6 m ≈ | 29.8 m ≈ | 24.9 m ≈ | 24.4 m ≈ | 27.0 m ≈ | SEC (XBRL)· 03 Apr 2026derived |
| Pre-tax income | 4.8 m | -12.1 m | 28.5 m | 22.2 m | 20.2 m | 22.1 m | SEC (XBRL)· 03 Apr 2026verified |
| Income tax | 764.0 k | -3.2 m | 7.6 m | 5.4 m | 6.9 m | 5.7 m | SEC (XBRL)· 03 Apr 2026verified |
| Net income | 4.1 m | -8.9 m | 20.9 m | 16.8 m | 13.3 m | 16.3 m | SEC (XBRL)· 03 Apr 2026verified |
| Diluted EPS | — | -0.73 | 2.00 | 1.96 | 1.68 | 2.14 | SEC (XBRL)· 03 Apr 2026verified |
| Weighted average diluted shares | 13.0 m | 12.2 m | 10.4 m | 8.6 m | 7.9 m | 7.6 m | SEC (XBRL)· 03 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 m | 734.0 k | 339.0 k | 6.3 m | 4.7 m | 2.9 m | SEC (XBRL)· 03 Apr 2026verified |
| Receivables | 59.8 m | 36.0 m | 50.8 m | 70.7 m | 78.0 m | — | SEC (XBRL)· 13 Mar 2025verified |
| Current assets | 70.7 m | 43.9 m | 59.0 m | 90.5 m | 97.0 m | 99.9 m | SEC (XBRL)· 03 Apr 2026verified |
| Property, plant & equipment, net | 2.7 m | 2.1 m | 2.1 m | 4.0 m | 7.4 m | 7.3 m | SEC (XBRL)· 03 Apr 2026verified |
| Goodwill | 16.4 m | 16.4 m | 22.1 m | 22.1 m | 22.1 m | 22.1 m | SEC (XBRL)· 03 Apr 2026verified |
| Intangibles (excl. goodwill) | 416.0 k | 95.0 k | 864.0 k | 683.0 k | 0 | — | SEC (XBRL)· 13 Mar 2025verified |
| Total assets | 96.2 m | 68.3 m | 88.0 m | 120.5 m | 132.1 m | 134.4 m | SEC (XBRL)· 03 Apr 2026verified |
| Accounts payable | 6.2 m | 7.5 m | 14.1 m | 12.5 m | 13.4 m | 9.6 m | SEC (XBRL)· 03 Apr 2026verified |
| Current liabilities | 21.4 m | 28.7 m | 40.4 m | 58.2 m | 53.6 m | 53.9 m | SEC (XBRL)· 03 Apr 2026verified |
| Total liabilities | 63.8 m | 46.1 m | 56.0 m | 94.7 m | 98.6 m | 88.4 m | SEC (XBRL)· 03 Apr 2026verified |
| Equity | 32.4 m † | 22.2 m † | 32.0 m † | 25.8 m † | 33.5 m † | 46.0 m † | SEC (XBRL)· 03 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -4.8 m | 25.2 m | 28.3 m | 12.5 m | 6.2 m | 19.0 m | SEC (XBRL)· 03 Apr 2026verified |
| Capex | 367.0 k | 460.0 k | 889.0 k | 2.9 m | 2.6 m | 1.6 m | SEC (XBRL)· 03 Apr 2026verified |
| Free cash flow | -5.1 m ≈ | 24.8 m ≈ | 27.4 m ≈ | 9.6 m ≈ | 3.6 m ≈ | 17.4 m ≈ | SEC (XBRL)· 03 Apr 2026derived |
| Investing cash flow | -363.0 k | -460.0 k | -4.8 m | -2.5 m | -2.6 m | -1.6 m | SEC (XBRL)· 03 Apr 2026verified |
| Financing cash flow | 6.6 m | -25.6 m | -23.1 m | -3.9 m | -4.8 m | -19.0 m | SEC (XBRL)· 03 Apr 2026verified |
| Share repurchases | — | 2.2 m | 17.6 m | 25.8 m | 7.8 m | 7.4 m | SEC (XBRL)· 03 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 226.3 m USD
Key indicators
Coverage and freshness
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 46.15 – 62.44 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E46.15 – 62.44 (Mid 53.84)7 companies used · median multiple 23.4x · quartiles 20.0x – 27.1xAMN, BBSI, EFOR, HQI, KFRC, MAN, RHI
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.1% | 94 (vs peers) | 11% |
| FCF conversion · Quality | 133.4% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 6.7% | 55 (on a fixed band) | 14% |
| EPS CAGR 3Y · Growth | 3.0% | 20 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.9x | 94 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 13.8x | 100 (vs peers) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 10.1% | 100 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | 3.9% | 56 (on a fixed band) | 11% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial94/100 · 1/3 factors with a value
- Growth38/100 · 2/2 factors with a value
- Quality97/100 · 2/3 factors with a value
- Returns· partial56/100 · 1/2 factors with a value
- Valuation100/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
RCM TECHNOLOGIES, INC. (RCMT). Latest full fiscal year: 2026; data up to 2026-07-04.
Figures computed from the financial statements: revenue 319.4 m USD in 2026; net margin 5.1%; ROE 39.5%.
The estimated value range is 46.15–62.44 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 53.84 USD, the price of 31.82 USD leaves a potential of 69.2% (value / price − 1) and a margin of safety of 40.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 5.1%
- FCF conversion: 133.4%
- Current ratio: 1.9x
- P/E (TTM): 13.8x
- FCF yield: 10.1%
- The price is below the estimated value range
What contradicts it
- EPS CAGR 3Y: 3.0%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Services-Help Supply Services (SIC 7363) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| RHIRobert Half Inc. | 4.4 bn | 35.6 | 9.8% | 2.3% | −7.2% | +59% / −48% |
| MANManpowergroup Inc. | 2.2 bn | 18.2 | 5.8% | 0.6% | +0.6% | +61% / −38% |
| NSPInsperity, Inc. | 1.9 bn | 554.9 | 4.6% | 0.0% | +3.5% | +44% / −55% |
| AMNAmn Healthcare Services, Inc. | 1.8 bn | 17.7 | 15.6% | 3.1% | −8.5% | +185% / −30% |
| EFOREverforth, Inc. | 1.5 bn | 21.8 | 3.7% | 1.7% | −2.9% | −21% / −60% |
| KFRCKforce Inc | 997.7 m | 23.4 | 30.5% | 3.0% | −5.4% | +89% / −20% |
| BBSIBarrett Business Services, Inc. | 728.3 m | 24.2 | 13.9% | 2.4% | +8.4% | −13% / +11% |
| TBITrueBlue, Inc. | 376.8 m | — | -15.9% | -2.6% | +3.1% | +152% / −11% |
| HQIHireQuest, Inc. | 239.2 m | 30.0 | 12.1% | 27.1% | −11.4% | +98% / +16% |
| RCMTRcm Technologies, Inc. | 226.3 m | 13.8 | 39.5% | 5.1% | unavailable | +36% / +65% |
| TTECTTEC Holdings, Inc. | 73.0 m | — | -108.2% | -10.2% | −3.2% | −56% / −92% |
| DLHCDlh Holdings Corp. | 52.6 m | — | -20.8% | -8.5% | −13.0% | −42% / −74% |
| BGSFBgsf, Inc | 37.5 m | — | -4.4% | -2.3% | −10.6% | −24% / −64% |
| STRRStar Equity Holdings, Inc. | 35.0 m | — | -18.2% | -4.3% | +22.9% | −6% / −40% |
| CIRCCircle8 Group Inc. | 23.5 m | — | — | -19.4% | −1.5% | −90% / −95% |
| YFORYY Group Holding Ltd. | 3.9 m | — | -94.1% | -11.8% | +29.4% | −100% / unavailable |
| KELYAKelly Services, Inc. | — | — | -11.9% | -3.1% | −1.9% | +63% / −32% |
1- and 3-year price returns: for RCMT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 20.05 Total return -37% · Per year -37% | 35.42 Total return 11% · Per year 11% | 53.30 Total return 67% · Per year 67% |
| 3 years | 20.32 Total return -36% · Per year -14% | 40.29 Total return 27% · Per year 8% | 66.45 Total return 109% · Per year 28% |
| 5 years | 20.58 Total return -35% · Per year -8% | 45.83 Total return 44% · Per year 8% | 82.85 Total return 160% · Per year 21% |
- Exit P/E± 10.07
- Net margin± 7.05
- Annual revenue growth± 5.67
- Annual dilution± 0.59
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
RCM Technologies provides specialty healthcare staffing, engineering and IT solutions to clients in North America and Europe. In fiscal 2025 the company reported revenue of 319.4 million USD, up 14.7%, driven by demand for medical staff and energy and aerospace project work.
SWOT
Strengths
- The company has more than fifty years of experience, a broad set of capabilities and a presence in several vertical industries, which supports long-term client relationships 1.
- A diversified segment structure reduces dependence on any single market, although large clients still account for a significant share of revenue 1.
Weaknesses
- Customer concentration is high, and a few large clients make up an important part of revenue, so results are sensitive to their decisions 1.
- Activity is seasonal, with reduced demand in the first quarter and during school summer recess, which can weigh on quarterly results 1.
- The company is exposed to subcontractor risk and to delayed client payments, particularly in construction management contracts 1.
Opportunities
- Demand for telemedicine, behavioral health and school services could grow, and the company already offers services in these areas 1.
- Investment in energy infrastructure, decarbonization and defense programmes could generate new projects for the engineering segments 1.
- Client adoption of AI and automation could widen opportunities for the LS&D segment if outsourcing of these systems increases 2.
Threats
- Price pressure in the temporary staffing market and competition from low-cost providers could compress margins 1.
- Tariffs and trade restrictions could affect demand and competitive positions in key markets, including international operations 1.
- Changes in employment, tax and staffing regulations could create additional costs or penalties 1.
Risks
- Customer concentrationhigh
A few large clients make up a significant part of revenue. If one of them reduces its business or changes suppliers, results could be materially affected 1.
- Pricing pressure from competitorsmedium
The staffing market has low barriers to entry, and price pressure from competitors and customers is increasing 1.
- Subcontractor and receivables riskmedium
If a subcontractor fails to perform or a client delays payment, the company could incur losses, particularly on construction management contracts 1.
- Currency exposure and international operationslow
Operations in Canada, Germany and Serbia expose the company to exchange-rate movements, and the company does not hedge these foreign operations 1.
- Dependence on key personnelmedium
The business relies on executive management and local managers. The loss of these people could disrupt client relationships and the ability to win new business 1.
Investment thesis
What would need to be true (bull case)
- If demand for medical staff and energy projects stays strong, revenue and profitability could keep growing in existing segments 13.
- Growth in adjusted EBITDA in fiscal 2025 could indicate better operating efficiency if the trend holds 3.
- Broader AI and automation offerings could open new opportunities in the LS&D segment, especially if clients outsource business-critical systems 2.
What would break the thesis
- Reliance on a few large clients makes results vulnerable to changes in their budgets or strategies 1.
- Price pressure and competition from low-cost providers could limit margins in future periods 1.
- Economic cyclicality and seasonality can produce significant swings in results from one quarter to the next, especially if demand falls in a peak period 1.
What to watch
- Revenue and gross margin trends by quarter compared with fiscal 2025Q1 2027
- Share of revenue from the largest customers and any changes to contracts with themnext 10-K
- Borrowings under the revolving credit facility and remaining borrowing availability2027
- Effect of trade tariffs and currency movements on international operationsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
RCM Technologies, Inc. is a provider of business and technology solutions that operates through three segments: Specialty Health Care, Engineering, and Life Sciences, Data and Solutions (LS&D). The company serves customers through a network of about 27 offices in North America and Europe, across aerospace, education, energy, financial services, healthcare, industry and the public sector 1.
The business model combines temporary and permanent staffing with projects billed on hourly rates or fixed fees. According to the annual report, most services are provided under purchase orders, while more complex contracts run longer and can be terminated by the customer on 60 to 90 days' notice 1.
The strategy aims to offer a full life-cycle solution, from conceptualization and design through ongoing management, and to raise the share of higher-margin services. Selective acquisitions are treated as a tool to broaden capabilities, in markets the company describes as highly fragmented 1.
Segments
Specialty Health Care
This segment supplies medical professionals, nurses, therapists and teletherapy services, mainly to hospitals and school districts across the United States. It generated about 51.4% of revenue in fiscal 2025 1.
Engineering
The engineering segment covers energy services, process and industrial, and aerospace, with design, project management and EPC work. It produced about 37.7% of revenue in fiscal 2025 and has important customers in defense aviation and the energy industry 1.
Life Sciences, Data and Solutions
This segment offers enterprise applications, IT infrastructure, process automation and AI-based solutions for the life sciences industry. Its contribution to revenue was about 10.9% in fiscal 2025 1.
Market context
Demand for healthcare staff remains high because of nurse shortages and an aging population, and expanding telemedicine and mental health services is a public priority. In engineering, the energy transition and investment in transmission infrastructure create opportunities, and outsourcing of automation and AI-related IT projects is growing 1.
The staffing and outsourcing market is highly competitive, with low barriers to entry and price pressure from competitors and customers. The company is also sensitive to economic cycles, and demand could fall quickly if client budgets are cut 1.
Trends
- Healthcare workforce shortagetailwind
A shortage of nurses and other medical personnel in the United States has increased activity at healthcare service companies, including the Specialty Health Care group. This trend could support demand if the shortage persists 1.
- Energy transition and transmission build-outtailwind
Investment in renewable energy and grid modernization requires engineering design and EPC services, which could bring projects to the engineering segment 1.
- Economic cyclicalityheadwind
The market in which the company operates is cyclical and sensitive to economic change, and weaker conditions could lead clients to delay or cancel spending 1.
- Outsourcing of AI and automationmixed
Organizations adopting AI and process automation increasingly seek to outsource business-critical systems, which could support demand for the LS&D segment. However, return-on-investment scrutiny can slow the adoption of new solutions 2.
Competitive position
The company competes with numerous temporary staffing and permanent placement firms at global, national, regional and local levels. The analysed sources do not name specific competitors listed in the United States, but they point to pressure from low-cost offshore outsourcing providers 1.
Competition centres mainly on price, and the company seeks to differentiate itself through a relationship-oriented, partnership-based approach and specialization in vertical industries. Its ability to hold market share depends on attracting and retaining qualified personnel 1.
- Temporary staffing and permanent placement firms
Numerous competitors at global, national, regional and local levels, described generically in the annual report without named companies.
- Low-cost offshore outsourcing providers
Growing pressure on companies to outsource activities to offshore firms, cited as a competitive risk.
- Engineering consulting firms
Providers of design and EPC services that compete for the same energy and process industry projects.
- IT and data services providers
Companies offering automation, AI and IT infrastructure solutions that compete with the LS&D segment.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report31 Aug 2026Departure or appointment of officers
- Quarterly report13 Aug 2026
- Quarterly report14 May 2026
- Current report04 May 2026Item 4.01 · Financial statements and exhibits
- Annual report03 Apr 2026
- Current report03 Apr 2026Results of operations · Financial statements and exhibits
- Current report24 Feb 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report22 Dec 2025Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Proxy statement13 Nov 2025
- Quarterly report06 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2026-01-03 · SEC / RCM Technologies, Inc. · 03 Apr 2026
- [2] Form 10-Q, quarter ended 2026-07-04 · SEC / RCM Technologies, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / RCM Technologies, Inc. · 03 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.