Mastech Digital | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 48.5 M

LB filings

2025.11.12 13:02

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Revenue: As of FY2025 Q3, the actual value is USD 48.5 M, missing the estimate of USD 49.47 M.

EPS: As of FY2025 Q3, the actual value is USD 0.08, beating the estimate of USD 0.055.

EBIT: As of FY2025 Q3, the actual value is USD 405 K.

Total Consolidated Revenues: $48.5 million, a decrease of 6.4% year-over-year and 1% sequentially from the second quarter of 2025.
Data and Analytics Services: $7.9 million, down from $9.4 million in the third quarter of 2024.
IT Staffing Services: $40.6 million, down from $42.4 million in the third quarter of 2024.

Gross Profit: $13.5 million, compared to $14.8 million in the third quarter of 2024.
Gross Margin: 27.8%, a decrease of 70 basis points year-over-year and 30 basis points sequentially.
GAAP Net Income: $0.9 million, compared to $1.9 million in the third quarter of 2024.
Non-GAAP Net Income: $3.5 million, compared to $2.8 million in the third quarter of 2024.
GAAP Diluted Earnings Per Share: $0.08, compared to $0.16 in the third quarter of 2024.
Non-GAAP Diluted Earnings Per Share: $0.29, compared to $0.23 in the third quarter of 2024.

Cash and Cash Equivalents: $32.7 million as of September 30, 2025.
No Bank Debt: The company reported no bank debt and borrowing availability of $20.8 million under its revolving credit facility.

Share Repurchase: The company repurchased 192,112 shares of Mastech Digital common stock for approximately $1.5 million.

Mastech Digital is focusing on strategic initiatives like EDGE to optimize operations and drive growth, despite macroeconomic and geopolitical uncertainties affecting client activity. The company aims to improve operational efficiency and resource alignment to strengthen its competitive position and create sustainable value. Long-term demand drivers for the Data and Analytics Services segment remain intact, although near-term visibility is limited.