HMH Holding Inc (HMH) SEC Filings & Earnings Calls
EquiReason read 4 HMH Holding Inc SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — Q2 revenue $170.8M (-16% YoY) due to product revenue decline and Middle East delays. Orders $205M (+19% YoY), book-to-bill 1.2x. Adjusted EBITDA $33.9M (+3% YoY). IPO completed, de.
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 798.7M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
5 Aug 20268-K · 2.02Q2 revenue $170.8M (-16% YoY) due to product revenue decline and Middle East delays. Orders $205M (+19% YoY), book-to-bill 1.2x. Adjusted EBITDA $33.9M (+3% YoY). IPO completed, debt repaid.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $171M | -16% y/y |
| Orders · Q2-2026 | $205M | +19% y/y |
| Adjusted EBITDA · Q2-2026 | $34M | +3% y/y |
| Gross margin · Q2-2026 | 36.0% | |
| Adjusted EBITDA Margin · Q2-2026 | 19.8% | |
| Net income attributable to HMH · Q2-2026 | $5M | -44% y/y |
| Free Cash Flow · Q2-2026 | $22M | |
| Book-to-bill · Q2-2026 | $1.20 |
Risks flagged
Revenue decline driven by product revenue drop and Middle East conflict delays.
“Product revenue decreased 65% YoY; delays in Middle East due to ongoing conflict.”
Geopolitical uncertainty and trade policy changes may impact future orders.
“CEO cites 'geopolitical uncertainty, evolving trade policies, project timing shifts, and continued customer caution in certain regions.'”
5 Aug 202610-QHMH reported Q2 2026 revenue of $170.8M, down 16% YoY, and a net loss of $5.0M vs net income of $9.8M in Q2 2025.earningsopen
Figures in the filing · each found in the filing text
| Consolidated revenue · Q2-2026 | $171M | -16% y/y |
| ESS segment revenue · ESS · Q2-2026 | $98M | -22% y/y |
| PCS segment revenue · PCS · Q2-2026 | $73M | -6% y/y |
| Net income (loss) · Q2-2026 | $-5M | -151% y/y |
| Restructuring and other expenses · Q2-2026 | $5M | +355% y/y |
| ESS segment operating income · ESS · Q2-2026 | $3M | -77% y/y |
| PCS segment operating income (loss) · PCS · Q2-2026 | $-4M | -135% y/y |
| Basic EPS · Q2-2026 | $0.43 | +231% y/y |
| Diluted EPS · Q2-2026 | $0.42 | +223% y/y |
Risks flagged
Restructuring execution risk
“In June 2026, the Company expanded the scope of this restructuring plan to include the reorganization of its operations in Mexico. These initiatives impacted 195 individuals, comprising 110 employees in Norway, 60 employees in Mexico, and 25 employees in Germany.” · word for word
Related party debt concentration
“Long-term debt, net—related party ... As of December 31, 2025 ... $143,732”
6 May 20268-K · 2.02HMH reported Q1 2026 revenue of $171.3M (down 14% YoY), net income $3.4M (down 44% YoY), adjusted EBITDA $30.1M (flat). Orders $218M (up 10% YoY), book-to-bill 1.3x. FY26 adjusted EBITDA guidance $157-177M. Completed IPO in April.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $171M | -14% y/y |
| Net income attributable to HMH Holding B.V. · Q1-2026 | $3M | -44% y/y |
| Adjusted EBITDA · Q1-2026 | $30M | |
| Orders · Q1-2026 | $218M | +10% y/y |
| Aftermarket services revenue · Aftermarket Services · Q1-2026 | $72M | -14% y/y |
| Spares revenue · Spares · Q1-2026 | $67M | +11% y/y |
| Product revenue · Products · Q1-2026 | $33M | -41% y/y |
| Cost of sales · Q1-2026 | $117M | -18% y/y |
| Selling, general and administrative expenses · Q1-2026 | $35M | -3% y/y |
Guidance
FY26 adjusted EBITDA $157-177M
FY26 adjusted EBITDA guidance of $157-177M provided. CEO positive on demand recovery and order momentum.
Risks flagged
Revenue decline of 14% YoY due to lower backlog; product revenue down 41%.
“Revenue down 14%...Product revenue down 41%...driven by lower starting backlog due to customers' capex deferrals in 2025.”
Net income down 44% YoY, though adjusted EBITDA flat.
“Net income...down 44% compared to the first quarter of 2025.” · word for word
Dependence on oil and gas industry cyclicality and capex spending.
“Customers' capex deferrals in 2025...global market volatility.”
6 May 202610-QHMH reported Q1 2026 results with a 14% YoY revenue decline, but improved gross margins and stable Adjusted EBITDA.earningsopen
Figures in the filing · each found in the filing text
| Cost of Sales as % of Revenue · Q1-2026 | 68.1% | |
| Adjusted EBITDA · Q1-2026 | $30M | +1% y/y |
| Adjusted EBITDA Margin · Q1-2026 | 17.6% | |
| Backlog (Remaining Performance Obligations) · 2026-03-31 | $382M | |
| Cash and Cash Equivalents · 2026-03-31 | $101M | |
| Net Income (Loss) Attributable to HMH Holding B.V. · Q1-2026 | $3M | -44% y/y |
Risks flagged
Customer Concentration
“During the three months ended March 31, 2026, two customers accounted for approximately 13.6% and 11.5% of total revenue.” · word for word
Geopolitical Risk in Middle East
“These factors may drive short-term volatility in certain regional markets, particularly onshore and jack-up activities in the Middle East.” · word for word
Customer Capex Deferral Risk
“Product revenue decreased by $22.2 million, or 40.6%, in the first quarter of 2026, compared to the corresponding period in 2025, primarily driven by customer capital expenditure deferrals.” · word for word
HMH Holding Inc — questions
- What did HMH Holding Inc file recently?
- 4 SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — Q2 revenue $170.8M (-16% YoY) due to product revenue decline and Middle East delays. Orders $205M (+19% YoY), book-to-bill 1.2x. Adjusted EBITDA $33.9M (+3% YoY). IPO completed, debt repaid.
Every figure on this page comes from HMH Holding Inc's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.