Revenue has now declined for at least four consecutive quarters (Q4 2025 -15.4%, Q1 2026 -10.3%). With no guidance provided and all segments shrinking, the trajectory remains negative. Monitor for further customer losses in Fulfillment Logistics and any signs of stabilization in Customer Care. The debt-free balance sheet provides a cushion, but the $21M market cap leaves little room for error.
Price Chart
Executive Summary
Harte Hanks reported Q1 2026 revenue of $37.3M, down 10.3% YoY from $41.6M, and a net loss of $0.6M ($-0.08/share) vs a loss of $0.4M ($-0.05/share) a year ago. Operating loss widened to $768K from $40K, and EBITDA fell to $0.3M from $1.0M. All three segments declined, with Fulfillment Logistics down 16.6% and Revenue Solutions down 9.9%. The company maintains a debt-free balance sheet with $4.5M cash and $24.3M credit capacity, but the persistent revenue contraction and margin compression signal ongoing structural headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $37.3M, down 10.3% YoY from $41.6M
- Net loss of $0.6M ($-0.08/share) vs loss of $0.4M ($-0.05/share) in Q1 2025
- Operating loss widened to $768K from $40K in the prior-year quarter
- EBITDA fell to $0.3M from $1.0M; Adjusted EBITDA fell to $0.7M from $1.8M
- All three segments declined: Fulfillment Logistics -16.6%, Revenue Solutions -9.9%, Customer Care -1.1%
- Cash balance $4.5M, zero debt, $24.3M credit line available
- No guidance provided; management commentary focuses on 'building momentum' without quantitative targets
Financial Impact
Revenue decline of $4.3M YoY; operating loss swing of $728K; EBITDA decline of $0.7M
Risk Factors
- Continued revenue erosion across all three segments, especially Fulfillment Logistics (-16.6%)
- No quantitative guidance provided, increasing uncertainty about near-term trajectory
- Cash burn: cash declined from $5.6M (Dec 2025) to $4.5M (Mar 2026)
- Micro-cap with $21M market cap — low liquidity and high volatility
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-035139 |
| Document: hhs-20260514.htm | 0001628280-26-035139 |
| Document: 0001628280-26-035139-index-headers.html | 0001628280-26-035139 |
| Document: 0001628280-26-035139-index.html | 0001628280-26-035139 |
| Document: 0001628280-26-035139.txt | 0001628280-26-035139 |
| 8-K Data (Synthetic) | 0001628280-26-035139 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 14, 2026 23w ago | 8-K | $2.80 $2.49 | ▲ +11.07% | ▲ +15.59% | $4.06 (−45.00%) |
Mar 18, 2026 31w ago | 8-K | $2.65 $2.46 | ▲ +7.17% | ▲ +18.70% | $4.06 (−53.21%) |
US Market Status
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