HMH FY 2025 Earnings Report — HMH Holding Inc. Class A Common Stock Revenue & Financial Results | Market Cap Arena

HMH Holding Inc. Class A Common StockHMH

FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$822M	—	$843M	—	-2.6%
Op. Income	$113M	—	$119M	—	-5.1%
Gross Margin	29.9%	—	32.3%	—	-2.4pp
Net Margin	5.5%	—	6.1%	—	-0.5pp
EPS (Diluted)	$1.03	—	$0.00	—	Infinity%
Free Cash Flow	$79M	—	$16M	—	381.9%

Revenue Flow

Item	Amount
REVENUE	$822M
Cost of Revenue	$576M
GROSS PROFIT	$246M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$130M
Other Expenses	$0
Operating Expenses	$133M
Cost & Expenses	$709M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$43M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$73M
Income Tax Expense	$26M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$42M
EBIT	$113M
EBITDA	$155M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$822M
Cost of Revenue	$576M
GROSS PROFIT	$246M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$130M
Other Expenses	$0
Operating Expenses	$133M
Cost & Expenses	$709M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$43M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$73M
Income Tax Expense	$26M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$42M
EBIT	$113M
EBITDA	$155M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	$32M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$10M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	-$24M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$24M
FREE CASH FLOW	$79M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$0
Net Receivables	$246M
Inventory	$254M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$629M
PP&E (Net)	$250M
Goodwill	$307M
Intangible Assets	$122M
Long-Term Investments	$34M
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$728M
TOTAL ASSETS	$1.4B
Account Payables	$56M
Short-Term Debt	$11M
Deferred Revenue	$35M
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$224M
Long-Term Debt	$339M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$17M
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$434M
TOTAL LIABILITIES	$657M
Common Stock	$0
Additional Paid-In Capital	$610M
Retained Earnings	$84M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$699M
Minority Interest	$2M
TOTAL EQUITY	$700M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$390M
Net Debt	$294M