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Mastech Digital (MHH) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 18, 2026

Mastech Digital (MHH) reported revenue of $45.5M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -6% from the quarter before. Operating margin was 2.2%, net earnings $972K (2.1% of revenue).

Revenue$45.5M
Year over year-10%
Quarter over quarter-6%
Operating margin2.2%
Net earnings$972K

Mastech Digital, Q4 2025: revenue $45.5M (-10% year over year), operating margin 2.2%, net earnings $972K, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$45.5M-6%-10%
Gross profit$12.9M-4%-12%
Operating profit$1.0M+23%15×
Net earnings$972K+3%+227%
Operating cash flow$4.4M-32%+8%
Free cash flow$4.4M-31%+11%

What changed

Revenue was $45.5M in Q4 2025, down 10% year over year and down 6% from the previous quarter. IT Staffing Services was the largest line at 83% of revenue.

Gross margin was 28.3%, down 0.7 points from a year earlier. Operating profit was $1.0M, a 2.2% margin (up 2.1 points year over year). Operating expenses fell 19% while revenue fell 10%. Net earnings were $1.0M, up 227% year over year. The effective tax rate was 29.5%. Non-operating items added $372K, 27% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $4.4M (up 8% year over year), 450% of net earnings. Non-cash charges added back $803K of depreciation and amortization and $780K of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $25K left free cash flow of $4.4M.

Questions

What was Mastech Digital's revenue in the fourth quarter 2025?

Mastech Digital (MHH) reported revenue of $45.5M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and -6% from the quarter before.

Was Mastech Digital profitable in the fourth quarter 2025?

Operating profit was $1.0M (2.2% of revenue) and net earnings $972K.

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Source: Mastech Digital 10-K on SEC EDGAR.