Harte Hanks (HHS) Q2 2026 earnings summary

Executive summary

• Entered into a merger agreement with Star Equity Holdings, Inc. on August 14, 2026, with closing expected in Q4 2026. Shareholders will receive either $5.00 per share in cash or preferred stock, subject to a 50% cash cap.

• Revenue for Q2 2026 was $38.0M, down 1.7% year-over-year; net loss widened to $5.0M from $0.3M in Q2 2025.

• Operating expenses increased 10% year-over-year, driven by higher professional service and legal costs related to the pending acquisition.

Financial highlights

• Q2 2026 revenue: $38.0M (-1.7% YoY); six-month revenue: $75.2M (-6.2% YoY).

• Q2 2026 net loss: $5.0M (vs. $0.3M loss in Q2 2025); six-month net loss: $5.6M (vs. $0.7M loss in 2025).

• Basic and diluted EPS: $(0.67) for Q2 2026, $(0.76) for six months.

• Cash and equivalents at June 30, 2026: $5.2M; $3.0M drawn on credit facility.

Outlook and guidance

• Management believes liquidity is sufficient for ongoing operations and obligations.

• No dividends paid; $4.1M remains authorized for share repurchases.

• No explicit forward guidance provided due to pending merger.