Medpace (MEDP) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 10, 2026 astatine 9:12 AM CST 31 min read

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Tuesday, Feb. 10, 2026 astatine 9 a.m. ET

• Chief Executive Officer — August Troendle

• President — Jesse Geiger

• Chief Financial Officer — Kevin Brady

• Head of Investor Relations — Lauren Morris

Lauren Morris: And convey you for joining Medpace Holdings, Inc.'s 4th fourth and afloat twelvemonth 2025 net league call. Also connected the telephone contiguous is our CEO, August Troendle, our President, Jesse Geiger, and our CFO, Kevin Brady. Before we begin, I would similar to punctual you that our remarks and responses to your questions during this teleconference whitethorn see forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. These statements impact inherent assumptions with known and chartless risks and uncertainties arsenic good arsenic different important factors that could origin existent results to disagree materially from our existent expectations. These factors are discussed successful our Form 10-K and different filings with the SEC.

Please enactment that we presume nary work to update forward-looking statements adjacent if estimates change. Accordingly, you should not trust connected immoderate of today's forward-looking statements arsenic representing our views arsenic of immoderate day aft today. During this call, we volition besides beryllium referring to definite non-GAAP fiscal measures. These non-GAAP measures are not superior oregon replacements for the comparable GAAP measure. But we judge these measures assistance investors summation a much implicit knowing of results. A reconciliation of specified non-GAAP fiscal measures to the astir straight comparable GAAP measures is disposable successful the net property merchandise and net telephone presumption slides provided successful transportation with today's call.

The slides are disposable successful the Investor Relations conception of our website astatine investor.medpace.com. With that, I would present similar to crook the telephone implicit to August Troendle.

August Troendle: Good day, everyone. Cancellations were elevated again successful Q4. Backlog cancellations successful implicit and percent presumption were the highest they've been successful implicit a year. This resulted successful a little than anticipated nett book-to-bill ratio of 1.04. The bully quality is that with a backlog conversion complaint of 23.6%, our book-to-bill complaint does not request to beryllium precise precocious to make growth. I spot nary crushed to expect the higher level of cancellations to proceed but did not expect the spike successful Q4. Only clip volition tell. Good opportunities proceed to contiguous themselves and I complaint the wide concern situation arsenic capable and headed successful the close direction. Jesse volition present marque immoderate comments connected Q4 and the year. Jesse?