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Mastech Digital (MHH) investor relations material
Mastech Digital Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue was $49.1M, down 0.9% year-over-year but up 2% sequentially, with gross margin nearly flat at 28.1% and top ten clients accounting for 58% of revenue.
Net income for Q2 2025 was $100K–$135K ($0.01 per share), down sharply from $1.4M in Q2 2024, impacted by $0.9M in severance and finance/accounting transition costs.
Non-GAAP net income was $1.8M ($0.15 per share), down from $2.2M ($0.19 per share) in Q2 2024, but improved from Q1 2025.
Strategic initiatives advanced, including the transition of finance and accounting functions to India and a new partnership with Informatica.
CEO transition occurred in Q2 2025, with John J. Cronin, Jr. terminated without cause and a severance package provided.
Financial highlights
Q2 2025 revenue was $49.1M (Q2 2024: $49.5M); gross profit was $13.8M (Q2 2024: $14.0M); gross margin was 28.1% (Q2 2024: 28.2%).
GAAP net income was $100K–$135K ($0.01 per share), down from $1.4M ($0.12 per share) in Q2 2024.
Non-GAAP net income was $1.8M ($0.15 per share), down from $2.2M ($0.19 per share) in Q2 2024, but up from Q1 2025.
Q2 2025 included $0.9M in severance and transition costs; Q1 2025 included $1.4M in severance expense.
Cash balance at June 30, 2025 was $27.9M, with no bank debt and $22.2M available under the credit facility.
Outlook and guidance
Management notes persistent market uncertainty and conservative client spending, making forecasts for the remainder of 2025 and 2026 difficult.
Early signs of stabilization in client activity, with confidence in long-term demand drivers and AI-first enterprise positioning.
Post-transition cost savings from moving finance/accounting to India expected to be $1.2M annually; transition costs estimated at $2M, with $0.9M incurred in Q2 2025.
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