Quarterly ResultAug 6, 2026, 10:10 AM
Mastech Digital Q2 Revenue Down 15.6% to $41.4M; Reports Net Loss
AI Summary
Mastech Digital reported a significant decline in its second-quarter 2026 financial results, with revenue decreasing 15.6% to $41.4 million and a net loss of $0.1 million, compared to net income in the prior year. For the first six months of 2026, revenue also fell by 15.3% to $82.5 million, although the company achieved a small net income of $0.2 million, a turnaround from a net loss in the same period last year. The company also announced a realignment of its reporting segments to Talent and Data & AI, the termination of its Employee Stock Purchase Plan, and a new office lease agreement in Dallas.
Key Highlights
- Q2 2026 revenue decreased 15.6% to $41.4 million from $49.1 million in Q2 2025.
- Q2 2026 net loss was $0.1 million, compared to net income of $0.1 million in Q2 2025.
- Basic EPS for Q2 2026 was $(0.01), down from $0.01 in Q2 2025.
- Six-month 2026 revenue decreased 15.3% to $82.5 million from $97.4 million in 2025.
- Six-month 2026 net income was $0.2 million, compared to a net loss of $1.3 million in 2025.
- Net cash used in operating activities for six months was $0.9 million, compared to $0.4 million generated in 2025.
- Company realigned reporting into Talent and Data & AI segments effective January 1, 2026.
- Employee Stock Purchase Plan (ESPP) terminated effective July 1, 2026.
- Entered new 5-year office lease in Dallas, Texas, commencing August 2026.
Price Impact
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