HMH Holding Q2 revenue falls 16% to $170.8 million; net income $5.0 million
HMH Holding reported second-quarter 2026 revenue of $170.8 million, down 16% from a year earlier and flat from the first quarter. Net income attributable to HMH was $5.0 million, down from $8.9 million a year earlier, after a $22.0 million one-time pre-IPO stock-based compensation expense, while Adjusted EBITDA rose 3% to $33.9 million. Shareholders see lower revenue and GAAP profit year over year, offset by higher adjusted profitability and orders.
Key points
- Revenue was $170.8 million, down 16% year over year; product revenue fell 65% while service revenue fell 4% and spare parts rose 17%.
- Net income attributable to HMH was $5.0 million, versus $8.9 million in Q2 2025 and $3.4 million in Q1 2026.
- Orders were $205 million, up 19% year over year, giving a book-to-bill ratio of 1.2x.
- Adjusted EBITDA was $33.9 million, a 19.8% margin, and free cash flow was $22.2 million; cash was $119.7 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.