0001193125-26-112845
SEC filingMastech Digital, Inc. (MHH) reported fiscal year 2025 revenues of $191.4 million, ending December 31, 2025, with cost of revenues at $138.3 million, yielding gross profit of $53.1 million. Selling, general, and administrative expenses totaled $53.1 million, resulting in operating income of $1 thousand. Net interest income of $844 thousand and other income of $217 thousand increased income before taxes to $1.1 million. Income tax expense was $453 thousand, leading to net income of $609 thousand, or $0 per basic and diluted share, based on weighted average shares of 11.7 million basic and 11.9 million diluted. The balance sheet reflects a solid position with total assets of $111.8 million, including cash and cash equivalents of $36.5 million and total current assets of $68.6 million. Total liabilities stood at $22.5 million, with shareholders' equity at $89.3 million. Operating cash flow was strong at $11.1 million, supporting a net increase in cash of $8.8 million despite investing outflows of $486 thousand and financing outflows of $1.1 million. No year-over-year comparisons are available in the provided data. The filing notes seasonality impacts on billable hours and critical accounting policies involving judgment in estimates. This near-breakeven profitability with robust liquidity positions the company for operational stability amid thin margins.
Mastech Digital, Inc. delivered FY 2025 revenues of $191.4 million for the period ended December 31, 2025. Gross profit was $53.1 million after $138.3 million in cost of revenues. Operating expenses of $53.1 million, including no impairments or employment claims, resulted in operating income of $1 thousand. Interest income net was $844 thousand, other income $217 thousand, yielding pre-tax income of $1.1 million. Income taxes were $453 thousand, producing net income of $609 thousand, or $0 basic and diluted EPS on 11.7 million basic and 11.9 million diluted shares. Total assets reached $111.8 million, with equity at $89.3 million. Cash from operations was $11.1 million. No prior year figures provided for comparison. (148 words)
The filing does not provide a segment breakdown, geographic mix, or specific growth drivers for FY 2025 revenues of $191.4 million. Revenues reflect overall operations with gross profit at $53.1 million. Risk factors note seasonality, with lower consultant utilization and higher benefit costs in Q4 due to holidays and vacations, and higher assignment completions near year-end impacting subsequent quarters. No further details on revenue sources or changes disclosed. (85 words)
Gross profit of $53.1 million followed revenues of $191.4 million. Operating expenses exactly offset gross profit at $53.1 million, leading to minimal operating income of $1 thousand. No changes in cost structure detailed. Stock-based compensation was $3.1 million in cash flow adjustments. Thin profitability persisted with net income of $609 thousand supported by non-operating income. (72 words)
Net cash from operating activities was $11.1 million, driven by net income of $609 thousand, depreciation and amortization $3.3 million, stock-based compensation $3.1 million, offset by working capital changes like accounts receivable decrease of $5.0 million. Investing activities used $486 thousand, mainly capital expenditures of $376 thousand. Financing used $1.1 million, including $2.2 million treasury stock purchases. Net cash increase $8.8 million; balance sheet cash $36.5 million, current assets $68.6 million vs. liabilities $21.1 million. Total liabilities $22.5 million, no significant debt noted. (112 words)
No management guidance or strategic priorities disclosed. Risk factors highlight inflation risks to business and seasonality affecting Q4 billable hours and benefits. Critical accounting policies involve judgment in estimates based on historical experience, contracts, and industry trends. Commitments and contingent liabilities referenced in Note 8, but details not provided. (68 words)