Huckleberry.ai
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Huckleberry.ai (HUCK) investor relations material

Huckleberry.ai Q2 2027 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2027 earnings summary3 Sep, 2026

Executive summary

  • Entered into an Asset Purchase Agreement to sell substantially all assets and employees for $400 million in cash, excluding NOL carryforwards, to Progress Software Corporation; closing expected by November 30, 2026.

  • Following the sale, will repay all outstanding debt, change corporate name, and remain a public entity focused on monetizing NOLs and exploring new business opportunities.

  • Board intends to use proceeds to identify opportunities leveraging AI and automation or return capital to shareholders.

Financial highlights

  • Total revenue for Q2 2026 was $76.8 million, down 4% year-over-year; six-month revenue was $156.2 million, down 2%.

  • Net loss for Q2 2026 was $9.6 million, improved from $22.9 million in Q2 2025; six-month net loss was $23.8 million, improved from $41.0 million.

  • Gross margin for Q2 2026 was 77%, up from 75% in Q2 2025.

  • Cash and cash equivalents as of July 31, 2026 were $25.1 million.

  • Billings for Q2 2026 were $61.0 million, down from $70.3 million in Q2 2025.

Outlook and guidance

  • Asset Sale expected to close by November 30, 2026; proceeds to be used for debt repayment and strategic initiatives.

  • Company will have no operating business post-sale and will focus on monetizing NOLs and exploring new ventures.

  • Management acknowledges substantial doubt about ability to continue as a going concern if the Asset Sale does not close.

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