Mastech Digital, Inc.
Business
Mastech Digital, Inc. is a provider of Digital Transformation IT Services offering data and analytics solutions, IT staffing services, and digital learning across North America and offshore delivery centers. The company operates two reportable segments: Data and Analytics Services, delivering data management, engineering, analytics, and customer experience consulting to enterprises; and IT Staffing Services, providing contract-based technology professionals for project initiatives and operational needs. Services are marketed through dedicated sales organizations targeting Fortune 500 companies, mid-sized businesses, systems integrators, and managed service providers across financial services, healthcare, retail, manufacturing, and government verticals, primarily in the United States.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Revenues | 191 | 199 | 201 | 242 | 222 | |
| Cost of revenues | 138 | 143 | 150 | 179 | 163 | |
| Gross profit | 53 | 56 | 51 | 63 | 59 | |
| Operating expenses | 53 | 52 | 52 | 51 | 45 | |
| Impairment of goodwill | 0 | 0 | 5 | 0 | 0 | |
| Employment-related claim, net of recoveries | 0 | 0 | 3 | 0 | 0 | |
| Total selling, general and administrative expenses | 53 | 52 | 60 | 51 | — | |
| Income (loss) from operations | 1,000 | 4 | −9 | 12 | 18 | |
| Interest income (expense), net | 844,000 | 606,000 | 319,000 | −358,000 | −675,000 | |
| Other income (expense), net | 217,000 | 27,000 | −75,000 | 650,000 | −49,000 | |
| Income (loss) before income taxes | 1 | 4 | −9 | 12 | 17 | |
| Income tax expense (benefit) | 453,000 | 1 | −2 | 4 | 5 | |
| Net income (loss) | 609,000 | 3 | −7 | 9 | 12 | |
| Basic (per share) | 0.05 | 0.29 | −0.61 | 0.75 | 1.07 | |
| Diluted (per share) | 0.05 | 0.28 | −0.61 | 0.72 | 1.02 | |
| Basic (shares) | 12 | 12 | 12 | 12 | 11 | |
| Diluted (shares) | 12 | 12 | 12 | 12 | 12 |
Consolidated Balance Sheet
| Concept | Trend | 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 | 37 | 28 | 21 | 7 | 7 | |
| Accounts receivable, net of allowance for credit losses of $275 in 2025 and $311 in 2024 | 21 | 24 | 23 | 34 | 34 | |
| Unbilled receivables | 6 | 8 | 7 | 9 | 9 | |
| Prepaid and other current assets | 6 | 7 | 6 | 4 | 4 | |
| Total current assets | 69 | 66 | 56 | 53 | 54 | |
| Equipment | 4 | 4 | 3 | 3 | 2 | |
| Enterprise software | 4 | 4 | 4 | 4 | 4 | |
| Leasehold improvements | 738,000 | 742,000 | 753,000 | 732,000 | 842,000 | |
| Total equipment, enterprise software, and leasehold improvements | 9 | 9 | 8 | 8 | 7 | |
| Less accumulated depreciation and amortization | −7 | −7 | −6 | −5 | −4 | |
| Net equipment, enterprise software, and leasehold improvements | 2 | 2 | 2 | 3 | 3 | |
| Operating lease right-of-use assets, net | 3 | 4 | 5 | 4 | 5 | |
| Deferred income taxes | 3 | 1 | 793,000 | 0 | — | |
| Deferred financing costs, net | 95,000 | 189,000 | 284,000 | 293,000 | 366,000 | |
| Deferred compensation, net | 1 | 0 | — | — | — | |
| Non-current deposits | 530,000 | 444,000 | 457,000 | 578,000 | 595,000 | |
| Goodwill, net of impairment | 27 | 27 | 27 | 33 | 33 | |
| Intangible assets, net of amortization | 8 | 10 | 13 | 16 | 19 | |
| Total assets | 112 | 111 | 105 | 109 | 114 | |
| Accounts payable | 3 | 5 | 5 | 4 | 5 | |
| Accrued payroll and related costs | 15 | 14 | 12 | 11 | 14 | |
| Current portion of operating lease liability | 1 | 1 | 1 | 2 | 1 | |
| Other accrued liabilities | 898,000 | 550,000 | 938,000 | 1 | 1 | |
| Deferred revenue | 41,000 | 329,000 | 684,000 | 207,000 | 544,000 | |
| Total current liabilities | 21 | 21 | 20 | 20 | 27 | |
| Long-term operating lease liability, less current portion | 1 | 2 | 4 | 2 | 4 | |
| Long-term accrued income taxes | 0 | 0 | 69,000 | 105,000 | 125,000 | |
| Long-term severance liability | 330,000 | 987,000 | 0 | — | — | |
| Total liabilities | 23 | 24 | 24 | 23 | 40 | |
| Commitments and contingent liabilities (Note 8) | — | — | — | — | — | |
| Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding | 0 | 0 | — | — | — | |
| Common Stock, par value $.01; 100,000,000 shares authorized and 13,715,016 shares issued as of December 31, 2025 and 13,444,712 shares issued as of December 31, 2024 | 137,000 | 135,000 | 133,000 | 133,000 | 131,000 | |
| Additional paid-in-capital | 43 | 38 | 35 | 32 | 28 | |
| Retained earnings | 56 | 56 | 52 | 60 | 51 | |
| Accumulated other comprehensive income (loss) | −3 | −2 | −2 | −2 | −607,000 | |
| Treasury stock, at cost; 2,022,864 shares as of December 31, 2025 and 1,723,341 as of December 31, 2024 | −7 | −5 | −5 | −4 | −4 | |
| Total shareholders' equity | 89 | 87 | 81 | 86 | 74 | |
| Total liabilities and shareholders' equity | 112 | 111 | 105 | 109 | 114 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Net income (loss) | 609,000 | 3 | −7 | 9 | 12 | |
| Depreciation & Amortization | 3 | 3 | 4 | 4 | 4 | |
| Bad debt expense | 36,000 | −217,000 | −30,000 | 50,000 | 130,000 | |
| Interest amortization of deferred financing costs | 94,000 | 95,000 | 73,000 | 73,000 | 82,000 | |
| Stock-based compensation expense | 3 | 2 | 3 | 2 | 2 | |
| Deferred income taxes, net | −1 | −509,000 | −2 | 655,000 | 1 | |
| Operating lease assets and liabilities, net | 45,000 | 46,000 | 75,000 | −379,000 | 173,000 | |
| Loss on disposition of fixed assets | 4,000 | 24,000 | 1,000 | 0 | 9,000 | |
| Amortization of deferred compensation | 500,000 | 987,000 | 0 | — | — | |
| Long-term severance liability | −657,000 | 0 | 0 | 0 | — | |
| Payment of deferred compensation | −2 | 0 | 0 | — | — | |
| Long-term accrued income taxes | 0 | −69,000 | −36,000 | −20,000 | −40,000 | |
| Accounts receivable and unbilled receivables | 5 | −1 | 13 | 1 | −11 | |
| Prepaid and other current assets | 2 | −2 | −2 | 95,000 | −3 | |
| Accounts payable | −1 | 39,000 | 186,000 | −479,000 | 2 | |
| Accrued payroll and related costs | 2 | 1 | 1 | −3 | −429,000 | |
| Other accrued liabilities | 357,000 | −386,000 | −248,000 | −41,000 | 202,000 | |
| Deferred revenue | −288,000 | −355,000 | 477,000 | −337,000 | 66,000 | |
| Net cash flows provided by operating activities | 11 | 7 | 16 | 13 | 5 | |
| Recovery of (payments for) non-current deposits | −110,000 | 0 | 119,000 | 17,000 | −199,000 | |
| Capital expenditures | −376,000 | −941,000 | −335,000 | −835,000 | −2 | |
| Net cash flows (used in) investing activities | −486,000 | −941,000 | −216,000 | −818,000 | −2 | |
| (Repayments) on term loan facility | 0 | 0 | −1 | −12 | −4 | |
| Proceeds from the issuance of common stock | 91,000 | 223,000 | 204,000 | 263,000 | 301,000 | |
| Purchase of treasury stock | −2 | −80,000 | −618,000 | 0 | 0 | |
| Payment of deferred financing costs | 0 | 0 | −64,000 | 0 | −223,000 | |
| Proceeds from the exercise of stock options | 1 | 511,000 | 0 | 1 | 229,000 | |
| Net cash flows provided by (used in) financing activities | −1 | 654,000 | −2 | −10 | −4 | |
| Effect of exchange rate changes on cash and cash equivalents | −732,000 | −310,000 | −94,000 | −948,000 | −94,000 | |
| Net change in cash and cash equivalents | 9 | 7 | 14 | 435,000 | −1 | |
| Cash payments for interest expense | 0 | 0 | 43,000 | 324,000 | 623,000 | |
| Cash payments for income taxes | 868,000 | 2 | 1 | 2 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Mastech Digital, Inc.'s CIK number?
Mastech Digital, Inc.'s SEC CIK number is 0001437226 (1437226). 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 Mastech Digital, Inc.'s SEC filings?
All of Mastech Digital, 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 Mastech Digital, Inc. last report earnings?
Mastech Digital, Inc. (MHH) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-225488). This is Mastech Digital, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Mastech Digital, Inc.'s most recent earnings 8-K?
Mastech Digital, Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001193125-26-225488. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Mastech Digital, Inc.'s latest earnings 8-K →
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