Harte Hanks (HHS) Q4 2025 earnings summary

Executive summary

• FY 2025 delivered positive EBITDA, reflecting successful streamlining and margin expansion initiatives.

• Full-year revenue declined 13.9% year-over-year to $159.6 million, with all segments experiencing decreases.

• Net loss for 2025 was $0.8 million, a significant improvement from a $30.3 million loss in 2024, which included large pension charges.

• Q4 2025 saw a return to profitability with net income of $2.2 million, compared to a $2.4 million loss in Q4 2024.

Financial highlights

• Q4 2025 revenue was $39.9 million, down 15.4% year-over-year.

• Q4 operating loss narrowed to $0.1 million from $1.6 million in Q4 2024.

• Q4 EBITDA was $1.0 million, up from negative $0.3 million in Q4 2024; adjusted EBITDA was $1.2 million, down from $3.5 million.

• FY 2025 operating income was $0.4 million, down 81.6% from $2.1 million in 2024.

• Ended 2025 with $5.6 million in cash and no debt; cash impacted by $2.8 million in capital investment and $2.3 million in pension costs.

Outlook and guidance

• Focus for 2026 is on deepening customer relationships and driving profitable growth.

• Management remains committed to margin expansion and disciplined capital allocation.