Hub Group to Restate 2023-2025 Financials; Delays Filings

Hub Group announced it will restate its financial statements for the years ended December 31, 2024 and 2023, as well as for the first, second, and third quarters of 2025. This decision follows a review by the Audit Committee that identified prematurely or incorrectly recognized transactions. Consequently, the company has delayed filing its Form 10-K for 2025 and Form 10-Q for Q1 2026, and Nasdaq has granted a 180-day exception period until September 14, 2026, for compliance. The company noted no expected impact on total cash or operating cash flow for any periods, and provided a brief update on Q1 2026 business performance, including steady Intermodal demand and new Logistics business.