secwatch.observer — SEC 8-K summary
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Issuer:     HMH Holding Inc (HMH)
CIK:        0002021880
Form:       8-K
Filed at:   2026-08-05T20:08:16+00:00
Accession:  0001628280-26-053339
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HMH Q2 revenue down 16% YoY to $170.8M; orders up 19% to $205M, book-to-bill 1.2x
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- Net income $5.0M vs $8.9M YoY; includes $22.0M pre-IPO stock-based comp expense.
- Adjusted EBITDA $33.9M (+3% YoY); margin 19.8% vs 16.1% YoY.
- Free Cash Flow positive at $22.2M; cash and liquidity $119.7M and ~$195M.
- IPO completed April 2026: 10.52M shares at $20.00, net proceeds $197.8M used to repay shareholder loan and fund working capital.
- Service orders up 50% YoY to $118M; product revenue down 65% YoY on Middle East delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2021880/000162828026053339/0001628280-26-053339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2021880/000162828026053339/hmh-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-053339

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