---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-133257"
form_type: "8-K"
ticker: "MHH"
cik: "0001437226"
company_name: "Mastech Digital, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:49:43.818468+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mastech Digital Q1 rev down 8% YoY to $55.1M; GAAP EPS drops to $0.02

## Summary
- GAAP diluted EPS $0.02 vs $0.19; non-GAAP diluted EPS $0.12 vs $0.28 in Q1 2022.
- Data & Analytics rev $9.4M (-8% YoY, +3% sequentially); IT Staffing rev $45.7M (-8% YoY).
- Client pullback due to recession fears and bank failures; financial services (~50% of billable base) hit hardest.
- No bank debt; cash $9.1M; $31.5M borrowing availability; DSO 61 days.
- Management notes D&A segment pipeline improvement; new CEO appointed for that segment.

## SEC filing metadata
- accession: 0001193125-23-133257
- form_type: 8-K
- ticker: MHH
- cik: 0001437226
- company_name: Mastech Digital, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/0001193125-23-133257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/d238228d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-133257
- JSON: https://secwatch.observer/filing/0001193125-23-133257.json
- Plain text: https://secwatch.observer/filing/0001193125-23-133257.txt

## Key facts
- Earnings Releases
  Mastech Digital, Inc. reported first quarter ended March 31, 2023 results: revenue $55.1 million, net income $261,000, EPS $0.02 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $55.1 million
  - Net income: $261,000
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: IT Services, announced today its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights: • Total consolidated revenues declined by 8% to $55.1 million, compared to revenues of $59.8 million in the first quarter of 2022; • The Company’s Data and Analytics Services segment reported revenues of $9.4 million, compared to $10.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/0001193125-23-133257-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.