HARTE HANKS INC

Listed Company

HHSCIK 0000045919NasdaqNon-AcceleratedSmaller ReportingServices-Direct Mail Advertising ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$159.57M

Net Income

$-811.0K

Total Assets

$91.83M

Equity

$20.53M

Shares Out

7.41M

Op. Cash Flow

$-1.74M

Business

HARTE HANKS INC is a global customer and brand experience company that designs and delivers end-to-end customer and product lifecycle solutions. It provides services spanning data and analytics, marketing and demand generation, sales and inside-sales outsourcing, customer care and AI-enabled self-service, and fulfillment and logistics including print-on-demand, kitting, temperature-controlled and recall management. Operationally, its offerings are organized into three business units: Data/Marketing/Demand Generation and Managed Marketing Services, Customer Care, and Fulfillment & Logistics. The company serves B2B and B2C clients across industries from offices and delivery networks in North America, Asia‑Pacific and Europe using omnichannel digital, direct and logistics distribution channels.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenue	160	185	191	206	195
Labor	81	94	98	105	110
Production and distribution	50	57	60	62	50
Advertising, selling, general and administrative	22	23	21	22	18
Restructuring expense	2	2	6	0	6
Depreciation and amortization expense	4	4	4	3	3
Total operating expenses	159	183	188	191	187
Operating income (loss)	386,000	2	3	15	8
Interest expense, net	248,000	187,000	−135,000	—	—
Pension plan termination charges	0	38	0	—	—
Goodwill impairment charge	0	2	0	—	—
Impairment of intangible assets	0	2	0	—	—
Other expenses, net	1	2	5	−5	477,000
Total other expenses, net	1	40	5	−4	−9
Loss before income taxes	−1	−38	−2	19	16
Income tax benefit	−197,000	−8	−349,000	−17	1
Net loss	−811,000	−30	−2	37	15
Basic (in dollars per share)	−0.11	−4.15	−0.21	4.98	1.85
Diluted (in dollars per share)	−0.11	−4.15	−0.21	4.75	1.76
Basic (in shares)	7	7	7	7	7
Diluted (in shares)	7	7	7	7	7
Adjustment to pension liabilities, net of tax benefit of $180 and $11,492	−1	32	2	10	14
Foreign currency translation adjustments	−369,000	−2	3	−5	−2
Total other comprehensive (loss) income, net of tax	−1	30	4	5	12
Comprehensive (loss) income	−2	196,000	3	42	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents and restricted cash	6	10	19	—	—
Accounts receivable (less allowance of $22 and $50 at December 31, 2025 and 2024, respectively)	28	32	34	40	41
Contract assets and unbilled accounts receivable	7	8	8	8	—
Prepaid expenses	2	2	2	2	2
Prepaid income tax and income tax receivable	1	938,000	2	—	—
Other current assets	2	1	928,000	2	1
Total current assets	46	54	65	66	75
Net property, plant and equipment	8	9	9	11	8
Right-of-use assets	20	22	25	—	—
Intangible assets, net	370,000	563,000	3	4	0
Goodwill	295,000	300,000	2	2	0
Deferred tax assets, net	16	15	17	16	0
Other long-term assets	564,000	717,000	1	2	3
Total other assets	17	17	23	24	3
Total assets	92	102	123	120	108
Accounts payable	13	13	23	22	16
Accrued expenses	6	8	—	—	—
Accrued payroll and related expenses	3	3	6	7	7
Deferred revenue and customer advances	813,000	2	3	5	4
Customer postage and program deposits	868,000	2	2	1	6
Other current liabilities	3	3	9	3	2
Short-term lease liabilities	4	4	5	—	—
Total current liabilities	30	35	48	44	42
Long-term lease liabilities	19	21	24	—	—
Other long-term liabilities	1	2	2	3	4
Total liabilities	71	80	103	101	123
Common stock, $1 par value, 25,000,000 shares authorized, 12,221,484 shares issued, 7,414,794 and 7,357,450 shares outstanding at December 31, 2025 and 2024, respectively	12	12	12	12	12
Additional paid-in capital	110	124	158	218	291
Retained earnings	814	815	845	846	811
Less treasury stock, 4,806,690 and 4,864,034 shares at December 31, 2025 and 2024, respectively, at cost	−900	−916	−951	—	—
Accumulated other comprehensive loss	−15	−14	−44	−48	−53
Total stockholders equity	21	22	20	19	−25
Total liabilities and stockholders equity	92	102	123	120	108

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	4	4	4	3	3
Restructuring expense	0	158,000	861,000	0	913,000
Impairment charges for goodwill and intangible assets	0	3	0	—	—
Stock-based compensation	258,000	2	1	2	1
Net pension cost	−2	31	70,000	−1	−717,000
Deferred income taxes	−928,000	−9	−1	−20	0
Accounts receivable, net and contract assets	5	2	6	4	−9
Prepaid expenses, income tax receivable and other current assets	−2	703,000	3	3	925,000
Accounts payable and accrued expenses	−3	−795,000	844,000	6	−395,000
Deferred revenue and customer advances	−776,000	−2	−1	383,000	−719,000
Customer postage and program deposits	−757,000	−190,000	592,000	−5	−1,000
Other accrued expenses and liabilities	−728,000	−4	−2	−147,000	−2
Net cash used in operating activities	−2	−3	10	29	−2
Purchases of property, plant and equipment	−3	−4	−3	−6	−3
Proceeds from the sale of property, plant and equipment	1,000	2,000	3,000	57,000	146,000
Net cash used in investing activities	−3	−4	−2	−11	−3
Debt financing costs	−100,000	0	−45,000	−131,000	−795,000
Payment of finance leases	−159,000	−124,000	−160,000	−194,000	—
Recovery of short-swing profit from stockholders	838,000	0	—	—	—
Treasury stock activities	−65,000	−295,000	−641,000	−469,000	−291,000
Net cash provided by (used in) financing activities	514,000	−419,000	−3	−16	−13
Effect of exchange rate changes on cash and cash equivalents and restricted cash	−370,000	−2	3	−5	−353,000
Net decrease in cash and cash equivalents and restricted cash	−4	−9	8	−4	−18
Cash paid for interest	292,000	234,000	244,000	273,000	490,000
Cash (received) for interest	−123,000	−236,000	—	—	—
Cash paid for income taxes, net of refunds	2	1	−3	—	1
Purchases of property, plant and equipment included in accounts payable and accrued expense	498,000	1	2	2	3
Right-of-use assets acquired through operating leases	1	303,000	—	—	—

Filings

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