Quarterly ResultMay 7, 2026, 04:38 PM
TTEC Q1 Revenue $496.2M, Net Loss $(7.6M); EPS $(0.16)
AI Summary
TTEC Holdings, Inc. reported a net loss of $(7.6) million for the first quarter of 2026, a significant decline from a net income of $1.4 million in the prior year's quarter. Revenue decreased by 7.1% to $496.2 million compared to $534.2 million in Q1 2025, with both TTEC Engage and TTEC Digital segments experiencing revenue declines. Despite the negative results, the company believes it has sufficient liquidity and access to its credit facility to meet operating requirements for the next 12 months.
Key Highlights
- Q1 2026 revenue decreased 7.1% to $496.2 million from $534.2 million in Q1 2025.
- Net loss attributable to TTEC stockholders was $(7.6) million, down from $1.4 million income.
- Basic EPS was $(0.16) for Q1 2026, compared to $0.03 in Q1 2025.
- TTEC Engage segment revenue declined 7.5% to $394.3 million in Q1 2026.
- TTEC Digital segment revenue decreased 5.7% to $101.9 million in Q1 2026.
- Cash and cash equivalents increased to $88.7 million at March 31, 2026.
- Line of credit balance reduced by $16.0 million to $889.0 million.
- One automotive client contributed 11.4% of total revenue in Q1 2026.