HMH Holding Inc. (HMH) Income Statement
HMH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHMH revenue and net income
Where HMH's revenue goes
2025Each bar shows an amount and its share of revenue. HMH kept 5.5% of revenue as net income.
HMH profit margins
HMH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.6% | +6.7% | — | — |
| Gross profit | −9.7% | +3.5% | — | — |
| Operating income | −5.1% | +76.9% | — | — |
| Net income | −11.3% | — | — | — |
| EPS (diluted) | −11.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HMH quarterly EPS vs estimates
HMH beat the analyst EPS estimate in 1 of the last 2 quarters. Next report: November 4, 2026 (estimate $0.41).
HMH income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $821.8M | $843.4M | $785.4M | $677.2M |
| Cost of revenue | $576.0M | $571.2M | $575.1M | $455.7M |
| Gross profit | $245.7M | $272.2M | $210.4M | $221.5M |
| Research & development | $2.8M | $7.1M | $3.0M | $2.9M |
| Sales, general & admin | $151.6M | $146.8M | $127.4M | $141.8M |
| Total operating expenses | $133.2M | $153.6M | $132.4M | $201.2M |
| Operating income | $112.5M | $118.6M | $78.0M | $20.3M |
| Interest expense | $43.4M | $37.3M | $46.3M | $32.7M |
| Income before taxes | $72.6M | $76.5M | $32.8M | −$17.9M |
| Income taxes | $26.5M | $24.5M | $15.4M | $8.6M |
| Net income | $45.5M | $51.2M | $17.4M | −$26.6M |
| EBITDA | $158.4M | $153.1M | $117.9M | $56.4M |
| EPS (diluted) | $1.03 | $1.16 | — | — |
| Gross margin | 29.9% | 32.3% | 26.8% | 32.7% |
| Operating margin | 13.7% | 14.1% | 9.9% | 3.0% |
| Net margin | 5.5% | 6.1% | 2.2% | −3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $170.8M | $171.3M | $202.7M | $217.2M | $203.5M | $198.4M | $228.6M | $213.5M |
| Cost of revenue | $109.5M | $116.6M | $125.2M | $157.4M | $151.5M | $141.9M | $161.7M | $155.4M |
| Gross profit | $61.3M | $54.7M | $77.5M | $59.8M | $51.9M | $56.5M | $66.9M | $58.1M |
| Research & development | $771,000 | $414,000 | $1.0M | $98,000 | $649,000 | $1.0M | $1.6M | $2.4M |
| Sales, general & admin | $60.4M | $35.1M | $54.5M | $31.4M | $29.4M | $36.2M | $31.7M | — |
| Total operating expenses | $61.1M | $35.5M | $34.4M | $31.6M | $31.2M | $40.5M | $32.9M | $24.8M |
| Operating income | $173,000 | $19.2M | $43.1M | $28.2M | $20.8M | $16.0M | $34.0M | $33.3M |
| Interest expense | $3.9M | $7.0M | $16.7M | $8.3M | $9.1M | $9.2M | $10.6M | $9.8M |
| Income before taxes | −$9.5M | $9.7M | $26.4M | $20.2M | $14.9M | $11.1M | $16.9M | $25.7M |
| Income taxes | −$4.5M | $5.9M | $11.7M | $4.3M | $5.2M | $5.3M | $9.9M | $6.0M |
| Net income | $5.0M | $3.4M | $14.2M | $16.2M | $8.9M | $6.1M | $6.8M | $19.4M |
| EBITDA | $11.2M | $27.3M | $53.7M | $39.4M | $34.7M | $30.6M | $37.9M | $45.5M |
| EPS (diluted) | $0.42 | $0.08 | — | — | — | — | — | — |
| Gross margin | 35.9% | 31.9% | 38.2% | 27.5% | 25.5% | 28.5% | 29.3% | 27.2% |
| Operating margin | 0.1% | 11.2% | 21.3% | 13.0% | 10.2% | 8.1% | 14.9% | 15.6% |
| Net margin | 2.9% | 2.0% | 7.0% | 7.5% | 4.4% | 3.1% | 3.0% | 9.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HMH's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HMH financial results
In fiscal year 2025 (ended December 31, 2025), HMH reported revenue of $821.8 million, down 2.6% from the year before. It had net income of $45.5 million (down 11.3%), a net profit margin of 5.5%. Diluted earnings per share came to $1.03.
See the HMH stock overview for the latest quote and news, or the HMH chart for price history and technical indicators.
HMH income statement FAQ
What is HMH's annual revenue?
HMH reported total revenue of $821.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 2.6% from $843.4 million the previous year.
Is HMH profitable?
Yes. HMH reported net income of $45.5 million in fiscal 2025, a net profit margin of 5.5%; its operating margin was 13.7%.
What is HMH's gross margin?
HMH's gross margin was 29.9% in fiscal 2025: for every $100 of revenue, HMH kept $30 after the direct cost of its products and services.
How much does HMH spend on research and development?
HMH spent $2.8 million on research and development in fiscal 2025, 0.3% of revenue.
What are HMH's earnings per share?
HMH earned $1.03 per diluted share in fiscal 2025, compared with $1.16 a year earlier.
When will HMH report its next earnings?
HMH is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does HMH's fiscal year end?
HMH's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.