McGraw Hill, Inc.

Listed Company

MHCIK 0001951070NYSENon-AcceleratedMiscellaneous PublishingDelawareFY ends Mar 31

Period

FY 2026

Revenue

$2.10B

Net Income

$35.32M

Total Assets

$5.49B

Equity

$726.22M

Shares Out

191.28M

Op. Cash Flow

$331.17M

MH$9.67−43.12% · past yearDBEQ Basic

Daily closing prices

Business

McGraw Hill is a leading global provider of digital and print education solutions serving K-12, higher education, and professional learning markets. The company delivers proprietary content, adaptive learning platforms, and data-driven personalized learning experiences across its core product suites including ConnectEd, Connect, ALEKS, Sharpen, and Access. McGraw Hill operates through four reportable segments: K-12, Higher Education, Global Professional, and International, distributing solutions in more than 100 countries and 80 languages.

Summary from 10-K filed 2026-07-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31
Revenue	2,103	2,101	1,960
Cost of sales (excluding depreciation and amortization)	401	422	420
Gross profit	1,702	1,679	1,540
Operating and administrative expenses	1,080	1,066	1,027
Depreciation	82	17	53
Amortization of intangibles	224	239	255
Impairment charge	39	0	50
Total operating expenses	1,425	1,372	1,385
Operating income (loss)	277	307	155
Interest expense (income), net	207	293	326
(Gain) loss on extinguishment of debt	26	3	−3
Income (loss) from operations before taxes	44	11	−168
Income tax provision (benefit)	8	96	25
Net income (loss)	35	−86	−193
Basic (in dollars per share)	0.19	−0.52	−1.16
Diluted (in dollars per share)	0.19	−0.52	−1.16
Basic (in shares)	183	167	167
Diluted (in shares)	184	167	167

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31
Cash and cash equivalents	254	390	—	—
Accounts receivable, net of allowance for credit losses of $14,517 and $13,521 as of March 31, 2026 and 2025, respectively	362	338	—	—
Inventories, net	195	174	—	—
Prepaid and other current assets	163	150	—	—
Total current assets	974	1,053	—	—
Product development costs, net	286	222	—	—
Property, plant and equipment, net	90	95	—	—
Goodwill	2,523	2,558	2,558	2,598
Other intangible assets, net	1,227	1,454	—	—
Deferred income taxes	9	8	—	—
Operating lease right-of-use assets	45	50	—	—
Other non-current assets	332	318	—	—
Total assets	5,486	5,758	—	—
Accounts payable	127	147	—	—
Accrued royalties	81	71	—	—
Accrued compensation	108	125	—	—
Deferred revenue	835	794	—	—
Current portion of long-term debt	13	13	—	—
Operating lease liabilities	8	8	—	—
Other current liabilities	93	172	—	—
Total current liabilities	1,267	1,330	—	—
Long-term debt	2,561	3,165	—	—
Deferred income taxes	15	16	—	—
Long-term deferred revenue	836	882	—	—
Non-current lease liabilities	57	65	—	—
Other non-current liabilities	24	20	—	—
Total liabilities	4,759	5,478	—	—
Commitments and contingencies (Note 20)	—	—	—	—
Common stock	2	—	—	—
Additional paid-in capital	1,973	1,562	—	—
Accumulated deficit	−1,246	−1,281	—	—
Accumulated other comprehensive income (loss)	−3	−2	—	—
Total stockholders' equity (deficit)	726	280	369	558
Total liabilities and stockholders' equity (deficit)	5,486	5,758	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31
Amortization of inventory purchase accounting adjustments	0	0	18
Amortization of product development costs	56	57	58
Stock-based compensation	34	0	0
Credit losses on accounts receivable	2	3	11
Unrealized (gain) loss on interest rate cap	0	235,000	3
Inventory obsolescence	9	13	18
Deferred income taxes	−1	−1	−30
Amortization of debt discount	13	21	15
Amortization of deferred financing costs	5	10	6
Gain on disposition	0	0	−2
Accounts receivable	−23	−12	−43
Inventories	−29	26	−784,000
Prepaid and other current assets	−128	−100	−88
Accounts payable and accrued expenses	−21	86	−47
Deferred revenue	−6	167	61
Other current liabilities	−84	47	−23
Other changes in operating assets and liabilities, net	407,000	13	29
Cash provided by (used for) operating activities	331	646	236
Product development expenditures	−119	−90	−75
Capital expenditures	−85	−71	−82
Proceeds from disposition	0	0	21
Acquisition of EssayPop	0	−6	0
Cash provided by (used for) investing activities	−204	−167	−136
Borrowings on 2024 Secured Notes	0	650	0
Borrowings on ABL Revolving Credit Facility	0	0	30
Payment of ABL Revolving Credit Facility	0	0	−30
Repurchase of 2022 Unsecured Notes	−40	0	−44
Payment of deferred financing costs	0	−24	0
Payment of finance lease obligations	−7	−9	−11
Proceeds from issuance of Common Stock in Initial Public Offering, net of underwriting discounts	393	0	0
Deferred Initial Public Offering costs	−7	0	0
Issuance of Common Stock	2	0	0
Cash provided by (used for) financing activities	−265	−295	−77
Effect of exchange rate changes on cash	1	2	−659,000
Net change in cash and cash equivalents	−136	186	22
Cash paid for interest expense	208	275	333
Cash paid for income taxes	77	47	44

Filings

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Frequently asked questions

What is McGraw Hill, Inc.'s CIK number?

McGraw Hill, Inc.'s SEC CIK number is 0001951070 (1951070). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find McGraw Hill, Inc.'s SEC filings?

All of McGraw Hill, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did McGraw Hill, Inc. last report earnings?

McGraw Hill, Inc. (MH) most recently filed an earnings 8-K with the SEC on Jun 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001951070-26-000021). This is McGraw Hill, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is McGraw Hill, Inc.'s most recent earnings 8-K?

McGraw Hill, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 11, 2026 under accession 0001951070-26-000021. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View McGraw Hill, Inc.'s latest earnings 8-K →
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