hrth-20250930

0000045919--12-31false2025Q3P1Yhttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseRightOfUseAssethttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseRightOfUseAssethttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseRightOfUseAssethttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseRightOfUseAssethttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrent http://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrent http://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrent http://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrenthttp://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityCurrent http://www.hartehanks.com/20250930#OperatingAndFinanceLeaseLiabilityNoncurrent



(1) This amount is comprised of the below balances:

Pension Plan I termination payments and charges	$	—	31,879

Normal pension plan activities	(1,847)		$	(852)

Net Pension cost, net	$	(1,847)	$	31,027



(2) This amount is comprised of the below balances:

Cash and cash equivalents	$	6,510	$	5,944

Cash held in Escrow account included in other assets	—		500

Cash and cash equivalents and restricted cash at end of period	$	6,510	$	6,444

xbrli:sharesiso4217:USDiso4217:USDxbrli:shareshrth:segmentxbrli:purehrth:plan00000459192025-01-012025-09-3000000459192025-10-3100000459192025-09-3000000459192024-12-310000045919us-gaap:QualifiedPlanMember2025-09-300000045919us-gaap:QualifiedPlanMember2024-12-310000045919us-gaap:NonqualifiedPlanMember2025-09-300000045919us-gaap:NonqualifiedPlanMember2024-12-3100000459192025-07-012025-09-3000000459192024-07-012024-09-3000000459192024-01-012024-09-300000045919us-gaap:CommonStockMember2024-12-310000045919us-gaap:AdditionalPaidInCapitalMember2024-12-310000045919us-gaap:RetainedEarningsMember2024-12-310000045919us-gaap:TreasuryStockCommonMember2024-12-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000045919us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-3100000459192025-01-012025-03-310000045919us-gaap:TreasuryStockCommonMember2025-01-012025-03-310000045919us-gaap:RetainedEarningsMember2025-01-012025-03-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310000045919us-gaap:CommonStockMember2025-03-310000045919us-gaap:AdditionalPaidInCapitalMember2025-03-310000045919us-gaap:RetainedEarningsMember2025-03-310000045919us-gaap:TreasuryStockCommonMember2025-03-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-3100000459192025-03-310000045919us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-3000000459192025-04-012025-06-300000045919us-gaap:TreasuryStockCommonMember2025-04-012025-06-300000045919us-gaap:RetainedEarningsMember2025-04-012025-06-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300000045919us-gaap:CommonStockMember2025-06-300000045919us-gaap:AdditionalPaidInCapitalMember2025-06-300000045919us-gaap:RetainedEarningsMember2025-06-300000045919us-gaap:TreasuryStockCommonMember2025-06-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-3000000459192025-06-300000045919us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300000045919us-gaap:TreasuryStockCommonMember2025-07-012025-09-300000045919us-gaap:RetainedEarningsMember2025-07-012025-09-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-07-012025-09-300000045919us-gaap:CommonStockMember2025-09-300000045919us-gaap:AdditionalPaidInCapitalMember2025-09-300000045919us-gaap:RetainedEarningsMember2025-09-300000045919us-gaap:TreasuryStockCommonMember2025-09-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-300000045919us-gaap:CommonStockMember2023-12-310000045919us-gaap:AdditionalPaidInCapitalMember2023-12-310000045919us-gaap:RetainedEarningsMember2023-12-310000045919us-gaap:TreasuryStockCommonMember2023-12-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-3100000459192023-12-310000045919us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-3100000459192024-01-012024-03-310000045919us-gaap:TreasuryStockCommonMember2024-01-012024-03-310000045919us-gaap:RetainedEarningsMember2024-01-012024-03-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000045919us-gaap:CommonStockMember2024-03-310000045919us-gaap:AdditionalPaidInCapitalMember2024-03-310000045919us-gaap:RetainedEarningsMember2024-03-310000045919us-gaap:TreasuryStockCommonMember2024-03-310000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-3100000459192024-03-310000045919us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-3000000459192024-04-012024-06-300000045919us-gaap:TreasuryStockCommonMember2024-04-012024-06-300000045919us-gaap:RetainedEarningsMember2024-04-012024-06-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000045919us-gaap:CommonStockMember2024-06-300000045919us-gaap:AdditionalPaidInCapitalMember2024-06-300000045919us-gaap:RetainedEarningsMember2024-06-300000045919us-gaap:TreasuryStockCommonMember2024-06-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-3000000459192024-06-300000045919us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300000045919us-gaap:TreasuryStockCommonMember2024-07-012024-09-300000045919us-gaap:RetainedEarningsMember2024-07-012024-09-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300000045919us-gaap:CommonStockMember2024-09-300000045919us-gaap:AdditionalPaidInCapitalMember2024-09-300000045919us-gaap:RetainedEarningsMember2024-09-300000045919us-gaap:TreasuryStockCommonMember2024-09-300000045919us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-3000000459192024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:MarketingServicesMember2025-07-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:MarketingServicesMember2024-07-012024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:MarketingServicesMember2025-01-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:MarketingServicesMember2024-01-012024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:CustomerCareMember2025-07-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:CustomerCareMember2024-07-012024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:CustomerCareMember2025-01-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:CustomerCareMember2024-01-012024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:FulfillmentAndLogisticsServicesMember2025-07-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:FulfillmentAndLogisticsServicesMember2024-07-012024-09-300000045919us-gaap:OperatingSegmentsMemberhrth:FulfillmentAndLogisticsServicesMember2025-01-012025-09-300000045919us-gaap:OperatingSegmentsMemberhrth:FulfillmentAndLogisticsServicesMember2024-01-012024-09-300000045919us-gaap:OperatingSegmentsMember2025-07-012025-09-300000045919us-gaap:OperatingSegmentsMember2024-07-012024-09-300000045919us-gaap:OperatingSegmentsMember2025-01-012025-09-300000045919us-gaap:OperatingSegmentsMember2024-01-012024-09-300000045919us-gaap:TransferredAtPointInTimeMember2025-07-012025-09-300000045919us-gaap:TransferredAtPointInTimeMember2025-01-012025-09-300000045919us-gaap:TransferredAtPointInTimeMember2024-07-012024-09-300000045919us-gaap:TransferredAtPointInTimeMember2024-01-012024-09-300000045919srt:MinimumMember2025-01-012025-09-300000045919srt:MaximumMember2025-01-012025-09-3000000459192023-05-020000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2021-12-212021-12-210000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2021-12-210000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2023-12-292023-12-290000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2025-06-242025-06-240000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2025-06-240000045919us-gaap:LetterOfCreditMemberhrth:TexasCapitalBankMemberhrth:NewCreditFacilityMember2021-12-210000045919us-gaap:RevolvingCreditFacilityMemberhrth:TexasCapitalBankMember2021-12-212021-12-210000045919hrth:TexasCapitalBankMember2025-09-300000045919hrth:TexasCapitalBankMember2025-01-012025-09-300000045919hrth:NewCreditFacilityMember2025-09-3000000459192020-12-310000045919hrth:QualifiedPlanIIMemberus-gaap:QualifiedPlanMember2025-09-300000045919hrth:QualifiedPlanIIMember2025-01-012025-09-300000045919us-gaap:NonqualifiedPlanMember2025-01-012025-09-300000045919us-gaap:NonqualifiedPlanMember2024-01-012024-09-300000045919us-gaap:EmployeeStockOptionMember2025-07-012025-09-300000045919us-gaap:EmployeeStockOptionMember2024-07-012024-09-300000045919us-gaap:RestrictedStockMember2025-07-012025-09-300000045919us-gaap:RestrictedStockMember2024-07-012024-09-300000045919us-gaap:EmployeeStockOptionMember2025-01-012025-09-300000045919us-gaap:EmployeeStockOptionMember2024-01-012024-09-300000045919us-gaap:RestrictedStockMember2025-01-012025-09-300000045919us-gaap:RestrictedStockMember2024-01-012024-09-300000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-12-310000045919us-gaap:AccumulatedTranslationAdjustmentMember2024-12-310000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-09-300000045919us-gaap:AccumulatedTranslationAdjustmentMember2025-01-012025-09-300000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-09-300000045919us-gaap:AccumulatedTranslationAdjustmentMember2025-09-300000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310000045919us-gaap:AccumulatedTranslationAdjustmentMember2023-12-310000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-09-300000045919us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-09-300000045919us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-09-300000045919us-gaap:AccumulatedTranslationAdjustmentMember2024-09-300000045919srt:ScenarioForecastMember2024-01-012026-12-310000045919hrth:ConsultingAndEmployeeExpenseMember2025-07-012025-09-300000045919hrth:ConsultingAndEmployeeExpenseMember2024-07-012024-09-300000045919hrth:ConsultingAndEmployeeExpenseMember2025-01-012025-09-300000045919hrth:ConsultingAndEmployeeExpenseMember2024-01-012024-09-300000045919us-gaap:EmployeeSeveranceMember2025-07-012025-09-300000045919us-gaap:EmployeeSeveranceMember2024-07-012024-09-300000045919us-gaap:EmployeeSeveranceMember2025-01-012025-09-300000045919us-gaap:EmployeeSeveranceMember2024-01-012024-09-300000045919us-gaap:FacilityClosingMember2025-07-012025-09-300000045919us-gaap:FacilityClosingMember2024-07-012024-09-300000045919us-gaap:FacilityClosingMember2025-01-012025-09-300000045919us-gaap:FacilityClosingMember2024-01-012024-09-300000045919hrth:ConsultingAndEmployeeExpenseMember2024-12-310000045919us-gaap:EmployeeSeveranceMember2024-12-310000045919hrth:FacilityAssetImpairmentAndOtherExpenseMember2024-12-310000045919hrth:FacilityAssetImpairmentAndOtherExpenseMember2025-01-012025-09-300000045919hrth:ConsultingAndEmployeeExpenseMember2025-09-300000045919us-gaap:EmployeeSeveranceMember2025-09-300000045919hrth:FacilityAssetImpairmentAndOtherExpenseMember2025-09-300000045919us-gaap:RelatedPartyMember2025-01-012025-09-300000045919us-gaap:IntersegmentEliminationMember2025-07-012025-09-300000045919us-gaap:CorporateNonSegmentMember2025-07-012025-09-300000045919us-gaap:IntersegmentEliminationMember2024-07-012024-09-300000045919us-gaap:CorporateNonSegmentMember2024-07-012024-09-300000045919us-gaap:IntersegmentEliminationMember2025-01-012025-09-300000045919us-gaap:CorporateNonSegmentMember2025-01-012025-09-300000045919us-gaap:IntersegmentEliminationMember2024-01-012024-09-300000045919us-gaap:CorporateNonSegmentMember2024-01-012024-09-30

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


x			QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-07120

HARTE HANKS, INC.

(Exact name of registrant as specified in its charter)


Delaware	1 Executive Drive, Chelmsford, MA 01824	74-1677284
(State or other jurisdiction of	(Address of principal executive offices,	(I.R.S. Employer
incorporation or organization)	including zip code)	Identification Number)

(512) 434-1100

(Registrant’s telephone number including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	HHS	NASDAQ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark if the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

The number of shares outstanding of the issuer’s common stock as of October 31, 2025 was 7,414,794 shares.

Table of Contents

HARTE HANKS, INC. AND SUBSIDIARIES

TABLE OF CONTENTS

FORM 10-Q REPORT

For the Quarterly Period Ended September 30, 2025


PART 1. FINANCIAL INFORMATION			3
Item 1. Condensed Consolidated Financial Statements			3
Condensed Consolidated Balance Sheets			3
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)			4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)			5
Condensed Consolidated Statements of Cash Flows (Unaudited)			6
Notes to Condensed Consolidated Financial Statements (Unaudited)			7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			21
Item 3. Quantitative and Qualitative Disclosures About Market Risk			28
Item 4. Controls and Procedures			28
PART II. OTHER INFORMATION			28
Item 1. Legal Proceedings			28
Item 1a. Risk Factors			28
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			29
Item 3. Defaults Upon Senior Securities			29
Item 4. Mine Safety Disclosures			29
Item 5. Other Information			29
Item 6. Exhibits			30

Table of Contents

PART 1. FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

Harte Hanks, Inc. and Subsidiaries Condensed Consolidated Balance Sheets


In thousands, except shares and per share amounts	September 30, 2025		December 31, 2024
ASSETS	(unaudited)
Current assets
Cash and cash equivalents	$	6,510	$	9,934
Accounts receivable (less allowance for doubtful accounts of $6 and $50 at September 30, 2025 and December 31, 2024, respectively)	30,206		31,648
Contract assets and unbilled accounts receivable	7,286		8,215
Prepaid expenses	2,023		1,511
Prepaid income taxes and income tax receivable	938		938
Other current assets	1,735		1,368
Total current assets	48,698		53,614
Property, plant and equipment (less accumulated depreciation of $34,657 and $37,635, respectively)	7,902		8,956
Right-of-use assets	19,728		22,460
Other assets
Intangible assets, net	418		563
Goodwill	295		295
Deferred tax assets, net	15,101		15,177
Other long-term assets	565		717
Total other assets	16,379		16,752
Total assets	$	92,707	$	101,782
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	18,103	$	21,832
Accrued payroll and related expenses	3,827		3,210
Deferred revenue and customer advances	2,458		1,589
Customer postage and program deposits	773		1,625
Other current liabilities	4,313		3,145
Current portion of lease liabilities	3,520		3,736
Total current liabilities	32,994		35,137
Pension liabilities - Qualified plans	3,942		5,445
Pension liabilities - Nonqualified plan	16,463		17,103
Long-term lease liabilities, net of current portion	18,240		20,860
Other long-term liabilities	1,188		1,548
Total liabilities	72,827		80,093
Stockholders’ equity
Common stock, $1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,414,794 and 7,357,450 shares outstanding at September 30, 2025 and December 31, 2024, respectively	12,221		12,221
Additional paid-in capital	109,621		124,194
Retained earnings	811,610		814,623
Less treasury stock, 4,806,690 shares at cost at September 30, 2025 and 4,864,034 shares at cost at December 31, 2024	(900,085)		(915,752)
Accumulated other comprehensive loss	(13,487)		(13,597)
Total stockholders’ equity	19,880		21,689
Total liabilities and stockholders’ equity	$	92,707	$	101,782
See Accompanying Notes to Condensed Consolidated Financial Statements

Table of Contents

Harte Hanks, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)


	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share amounts	2025		2024		2025		2024
Revenue	$	39,520	$	47,630	$	119,712	$	138,113
Operating expenses
Labor	20,382		24,176		59,626		70,343
Production and distribution	11,724		14,421		38,181		41,850
Advertising, selling, general and administrative	5,149		5,260		16,531		17,051
Restructuring expenses	538		836		1,525		2,116
Depreciation and amortization expense	1,218		1,039		3,346		3,107
Total operating expenses	39,011		45,732		119,209		134,467
Operating income	509		1,898		503		3,646

Other expenses, net
Interest expense, net	84		57		198		107
Pension plan termination charges	—		—		—		37,505
Other expenses, net	106		831		1,006		2,104
Total other expenses, net	190		888		1,204		39,716
Income (loss) before income taxes	319		1,010		(701)		(36,070)
Income tax expense (benefit)	2,605		868		2,312		(8,207)
Net (loss) income	(2,286)		142		(3,013)		(27,863)

(Loss) income per common share
Basic	$	(0.31)	$	0.02	$	(0.41)	$	(3.83)
Diluted	$	(0.31)	$	0.02	$	(0.41)	$	(3.83)

Weighted average shares used to compute (loss) income per share
Basic	7,415		7,324		7,386		7,273
Diluted	7,415		7,398		7,386		7,273

Comprehensive loss, net of tax:
Net (loss) income	$	(2,286)	$	142	$	(3,013)	$	(27,863)

Adjustment to pension liability, net	73		102		282		29,626
Foreign currency translation adjustment	(281)		(8)		(172)		(1,945)
Total other comprehensive (loss) income, net of tax	$	(208)	$	94	$	110	$	27,681

Comprehensive (loss) income	$	(2,494)	$	236	$	(2,903)	$	(182)

See Accompanying Notes to Condensed Consolidated Financial Statements

Table of Contents

Harte Hanks, Inc. and Subsidiaries Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)


In thousands	Common Stock		Additional Paid-in Capital		Retained Earnings		Treasury Stock		Accumulated Other Comprehensive Loss		Total Stockholders’ Equity
Balance at December 31, 2024	$	12,221	$	124,194	$	814,623	$	(915,752)	$	(13,597)	$	21,689
Stock-based compensation	—		(49)		—		—		—		(49)
Vesting of RSUs	—		(2,353)		—		2,325		—		(28)
Net loss	—		—		(392)		—		—		(392)
Other comprehensive income	—		—		—		—		201		201
Balance at March 31, 2025	$	12,221	$	121,792	$	814,231	$	(913,427)	$	(13,396)	$	21,421
Stock-based compensation	—		220		—		—		—		220
Vesting of RSUs	—		(11,006)		—		10,985		—		(21)
Recovery of short swing profits, net of tax	—		838		—		—		—		838
Net loss	—		—		(335)		—		—		(335)
Other comprehensive income	—		—		—		—		117		117
Balance at June 30, 2025	$	12,221	$	111,844	$	813,896	$	(902,442)	$	(13,279)	$	22,240
Stock-based compensation	—		150		—		—		—		150
Vesting of RSUs	—		(2,373)		—		2,357		—		(16)
Net loss	—		—		(2,286)		—		—		(2,286)
Other comprehensive loss	—		—		—		—		(208)		(208)
Balance at September 30, 2025	$	12,221	$	109,621	$	811,610	$	(900,085)	$	(13,487)	$	19,880


In thousands	Common Stock		Additional Paid-in Capital		Retained Earnings		Treasury Stock		Accumulated Other Comprehensive Loss		Total Stockholders’ Equity
Balance at December 31, 2023	$	12,221	$	157,889	$	844,920	$	(951,083)	$	(44,090)	$	19,857
Stock-based compensation	—		552		—		—		—		552
Vesting of RSUs	—		(5,264)		—		5,177		—		(87)
Net loss	—		—		(171)		—		—		(171)
Other comprehensive loss	—		—		—		—		(189)		(189)
Balance at March 31, 2024	$	12,221	$	153,177	$	844,749	$	(945,906)	$	(44,279)	$	19,962
Stock-based compensation	—		734		—		—		—		734
Vesting of RSUs	—		(8,208)		—		8,178		—		(30)

Net loss	—		—		(27,834)		—		—		(27,834)
Other comprehensive income	—		—		—		—		27,776		27,776
Balance at June 30, 2024	$	12,221	$	145,703	$	816,915	$	(937,728)	$	(16,503)	$	20,608
Stock-based compensation	—		368		—		—		—		368
Vesting of RSUs	—		(20,898)		—		20,735		—		(163)
Net income	—		—		142		—		—		142
Other comprehensive income	—		—		—		—		94		94
Balance at September 30, 2024	$	12,221	$	125,173	$	817,057	$	(916,993)	$	(16,409)	$	21,049

See Accompanying Notes to Condensed Consolidated Financial Statements

Table of Contents

Harte Hanks, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited)


	Nine Months Ended September 30,
In thousands	2025			2024
Cash Flows from Operating Activities
Net loss	$	(3,013)		$	(27,863)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	3,346			3,107
Stock-based compensation	321			1,654
Net pension (payment) cost	(1,847)		(1)	31,027
Deferred income taxes	(76)			(10,254)
Changes in assets and liabilities:
Accounts receivable and contract assets	2,371			(287)
Prepaid expenses, income tax receivable and other current assets	(551)			(79)
Accounts payable and accrued expenses	(4,120)			(1,989)
Deferred revenue and customer advances	869			205
Customer postage and program deposits	(852)			(385)
Other accrued expenses and liabilities	1,080			(2,168)

SEC Form 10-Q filed by Harte Hanks Inc.