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Kforce
Kforce, led by CEO Joseph Liberatore, deploys technology and finance consultants across 4,000+ U.S. clients as a publicly traded staffing firm.
Kforce
Kforce was founded in 1962 and has operated under its current name since 1995, when the firm divested non-core staffing units to focus exclusively on high-skill technology and finance placements. Joseph J. Liberatore has led the firm as CEO since 2012, shaping a strategy that ties revenues directly to enterprise digital-transformation budgets and regulatory-driven hiring in financial services. The firm operates two reporting segments: Technology, which accounted for roughly 80% of revenue in recent periods, and Finance & Accounting. Technology placements span application development, cloud migration, data analytics, and project management. Finance assignments concentrate on areas exposed to recurring compliance cycles, including mortgage processing, risk management, and internal audit. Kforce generates revenue on a time-and-materials basis, meaning its income statement moves with billable consultant headcount rather than permanent placement fees. Client concentration is managed; no single client exceeds 10% of revenue. Kforce maintains a national footprint with field offices across the United States but does not operate material international hubs. The firm runs a hybrid delivery model — local market teams handle relationship management and requirement gathering, while centralized national recruiting centers source candidates. In February 2024, Kforce reported fourth-quarter 2023 revenue of $363 million, down 13% year-over-year as enterprise clients slowed discretionary technology project spending amid macroeconomic uncertainty (per the firm, February 2024). The company carried out a share repurchase authorization and paid a quarterly dividend of $0.36 per share during the same period. The firm's structural position rests on the contingent-labor wedge: Kforce converts fixed corporate headcount budgets into variable expense lines for clients, a model that gains traction when companies face earnings pressure but cannot freeze critical technology or compliance projects. The company is subject to SEC reporting requirements and publishes audited financial statements as a NYSE-listed entity under ticker KFRC.
General information
Firm type
Asset Manager
Year founded
1962
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Tampa
Corporate office
Tampa, FL, United States
Principals
Joseph J. Liberatore
President & Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Kforce?
Kforce does not operate a pooled investment vehicle and therefore does not have a CIO or investment committee in the allocator sense. Capital allocation decisions — including the $100 million share repurchase program authorized in 2023 and quarterly dividend policy — are made by CEO Joseph Liberatore and CFO David Kelly under the oversight of a board of directors. The firm reports these decisions in SEC filings as a publicly traded company.
Is Kforce structured as a single family office?
No. Kforce is a publicly traded corporation listed on the New York Stock Exchange under ticker KFRC. It generates revenue from staffing and consulting services, not from managing a family's private wealth. The firm files quarterly and annual reports with the SEC and has a diversified shareholder base with no single family controlling entity.
How does Kforce source deal flow or client engagements?
Client engagements originate through a dual-channel model: local market account executives maintain relationships with hiring managers at enterprise clients, while a centralized national recruiting team sources and qualifies consultant candidates. Kforce serves over 4,000 clients, predominantly Fortune 500 companies and large government contractors. The firm's revenue concentration risk is managed — no single client represents more than 10% of total billings.
Which sectors does Kforce explicitly avoid?
Kforce exited its healthcare staffing and government solutions divisions in 2023, selling the latter to ManTech for $250 million. The firm now operates exclusively in two segments: Technology and Finance & Accounting. It does not compete in light industrial, clerical, or permanent executive search, focusing instead on high-skill contingent assignments where bill rates and margins are structurally higher.
How does Kforce generate revenue?
The firm operates almost entirely on a time-and-materials basis: clients pay an hourly or daily rate for each consultant deployed, and Kforce recognizes revenue as the work is performed. This model differs from permanent placement firms that earn a one-time commission. Revenue therefore fluctuates directly with consultant headcount and utilization, making the income statement a real-time proxy for enterprise tech and compliance spending sentiment.
What is Kforce's known posture on co-investments alongside external partners?
Kforce is a services company, not an investment firm, and does not make co-investments or capital commitments to private equity, venture capital, or real asset funds. The firm's balance sheet is deployed toward working capital, dividends, and share repurchases. Any future move into principal investing would require shareholder disclosure under SEC rules.
Does Kforce maintain any philanthropic or foundation structures?
Kforce operates a corporate giving program called Kforce Cares, which supports veteran transition to civilian employment, STEM education, and local community grants. The firm does not maintain a separate charitable foundation with a dedicated endowment. Philanthropic activity is funded from operating cash flow and reported in corporate social responsibility disclosures.
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