HHS · Harte Hanks, Inc.

Harte Hanks' Q1 2026 results reflect ongoing revenue pressures from legacy offerings and market headwinds, with total revenue declining 10.3% to $37.3 million from $41.6 million in the prior year quarter. All segments experienced declines: Fulfillment & Logistics Services dropped 16.6% to $16.5 million, Customer Care fell 1.1% to $12.9 million, and Revenue Solutions decreased 9.9% to $7.9 million. Despite this, EBITDA remained positive at $0.3 million, down from $1.0 million, while Adjusted EBITDA was $0.7 million excluding stock-based compensation and restructuring. Operating expenses decreased slightly, driven by lower production and distribution costs, though labor costs were stable and restructuring expenses reduced to $0.16 million from $0.84 million. President David Fisher highlighted progress in aligning the company around priority sectors, leveraging customer experience expertise and technology for higher-value services, with strategic new business wins secured. The balance sheet remains robust with $4.5 million in cash, no debt, and $24.3 million available on the credit line, positioning Harte Hanks to execute its growth strategy and target positive EBITDA throughout 2026 amid the sector-aligned transformation.