Filing Flows › Mastech Digital (MHH) › Q1 2025
Mastech Digital (MHH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Mastech Digital (MHH) reported revenue of $48.3M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -5% from the quarter before. Operating margin was -3.8%, net loss $1.4M (3.0% of revenue).
Mastech Digital, Q1 2025: revenue $48.3M (+3% year over year), operating margin -3.8%, net loss $1.4M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | -5% | +3% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $48.3M in Q1 2025, up 3% year over year and down 5% from the previous quarter. IT Staffing Services was the largest line at 81% of revenue. Data and Analytics Services added $893K year over year (up 11%), 60% of the total change.
Gross margin was 26.7%, up 0.8 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -3.8%. Operating expenses grew 18% against revenue growth of 3%. The quarter ended with a net loss of $1.4M, after a profit of $297K the previous quarter.
Operating cash flow was −$2.9M. Non-cash charges added back $832K of depreciation and amortization and $895K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $114K exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Mastech Digital's revenue in the first quarter 2025?
Mastech Digital (MHH) reported revenue of $48.3M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -5% from the quarter before.
Was Mastech Digital profitable in the first quarter 2025?
Operating loss was $1.9M (-3.8% of revenue) and net loss $1.4M.
Source: Mastech Digital 10-Q on SEC EDGAR.