Hub Group Receives Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Hub Group (Nasdaq:HUBG) received an expected Nasdaq deficiency notice on May 19, 2026 for not timely filing its Form 10-Q for the quarter ended March 31, 2026, as required by Listing Rule 5250(c)(1).

Rhea-AI Summary

Hub Group (Nasdaq:HUBG) received an expected Nasdaq deficiency notice on May 19, 2026 for not timely filing its Form 10-Q for the quarter ended March 31, 2026, as required by Listing Rule 5250(c)(1).

The notice does not immediately affect listing or trading. Nasdaq granted a 180-day exception, until September 14, 2026, to regain compliance. Hub Group is working to complete restatements for 2023–2024 and 2025 quarterly periods and to file its 2025 Form 10-K before filing the delayed Form 10-Q.

Positive

• No immediate impact on Nasdaq listing or trading status
• 180-day Nasdaq exception period granted until September 14, 2026
• Company intends to regain compliance within the exception period
• Ongoing work to complete multiple financial statement restatements and 2025 Form 10-K

Negative

• Non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed Form 10-Q
• Outstanding restatements for 2023–2024 and several 2025 quarters
• Form 10-Q for quarter ended March 31, 2026 remains unfiled
• Deadline of September 14, 2026 to regain Nasdaq listing rule compliance

Argus May 22 session

+1.92% close to close Open Argus

Details

News Market Reaction – HUBG

In the May 22 session, HUBG gained 1.92%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms Hub Group received an expected Nasdaq deficiency notice tied to its delay...

Analysis

This announcement confirms Hub Group received an expected Nasdaq deficiency notice tied to its delayed Form 10-Q for the quarter ended March 31, 2026, with no immediate impact on listing status. The company already has a 180-day exception, until September 14, 2026, to regain compliance. It continues restating financials for 2023, 2024, and several 2025 quarters and plans to file the 2025 Form 10-K before the Q1 2026 Form 10-Q. Investors may watch for timely completion of these filings and any further regulatory updates.

Key Figures

Exception period length: 180 days Compliance deadline: September 14, 2026 Quarter delayed: Quarter ended March 31, 2026 +5 more

Exception period length

180 days

Nasdaq exception period to regain compliance with Listing Rule 5250(c)(1)

Compliance deadline

September 14, 2026

Date by which Hub Group aims to regain Nasdaq filing compliance

Quarter delayed

Quarter ended March 31, 2026

Form 10-Q not filed on time, triggering deficiency notice

Restatement years

2024 and 2023

Financial statements for these years being restated

Restated quarters

Q1, Q2, Q3 2025

Quarterly 2025 periods subject to restatement

Delayed 10-K year

Year ended December 31, 2025

Form 10-K to be filed before the Q1 2026 Form 10-Q

Price vs 52-week high

-23.62%

Current price relative to 52-week high of 53.26

Price vs 52-week low

25.32%

Current price above 52-week low of 32.46

Historical Context

5 past events · Latest: May 12

5 events

1. May 12

   Late 10-Q update

   24h Move

   -12.5%

   Form 12b-25 for Q1 2026 and broad financial restatements announced.

2. Mar 24

   Business & Nasdaq notice

   24h Move

   +0.8%

   Q1 business update plus disclosure of Nasdaq deficiency for late 10-K.

3. Mar 03

   Late 10-K filing

   24h Move

   +0.6%

   Form 12b-25 for 2025 10-K and plan to restate 2025 quarters.

4. Feb 26

   Dividend declaration

   24h Move

   +0.1%

   Quarterly cash dividend of $0.125 per share, annualized $0.50.

5. Feb 05

   Prelim 2025 results

   24h Move

   -18.3%

   Preliminary 2025 results and material error requiring restatement of 2025 quarters.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq listing rule 5250(c)(1), form 10-q, form 10-k, restatements, +1 more

5 terms

nasdaq listing rule 5250(c)(1) regulatory

"not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

form 10-q regulatory

"failure to timely file its Form 10-Q for the quarter ended March 31, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

form 10-k regulatory

"to file its Form 10-K for the year ended December 31, 2025."

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

restatements financial

"continues to work diligently to complete the restatements of its financial statements"

Restatements are official corrections to a company’s previously published financial results when earlier numbers are found to be inaccurate. They matter to investors because, like fixing a past report card, they can change a company’s true performance, reduce trust in its reporting, trigger regulatory scrutiny or legal risk, and often lead to stock price volatility as investors reassess value and management reliability.

nasdaq stock market llc regulatory

"As previously disclosed, the Nasdaq Stock Market LLC (“Nasdaq”) has granted a 180-day exception"

Nasdaq Stock Market LLC is the company that operates the Nasdaq electronic stock exchange, a large centralized marketplace where shares of publicly traded companies are listed and bought and sold. Think of it as a high-speed digital auction house and storefront combined: being listed there gives a company visibility and easier access to many buyers, while investors benefit from transparent prices, fast trades and regulated rules that help protect fair trading.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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OAK BROOK, Ill., May 21, 2026 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) today announced that on May 19, 2026, as expected, it received a notice indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”). The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.

The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. As previously disclosed, the Nasdaq Stock Market LLC (“Nasdaq”) has granted a 180-day exception period, or until September 14, 2026, for the Company to regain compliance with the Listing Rule. The Company intends to regain compliance on or prior to such date.

Hub Group continues to work diligently to complete the restatements of its financial statements for the years ended December 31, 2024 and 2023 and the quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025 and to file its Form 10-K for the year ended December 31, 2025. The Company expects to file the Form 10-Q for the quarter ended March 31, 2026 as soon as practicable after the filing of the Form 10-K.

Certain Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements, provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of the restatement of the Company’s financial statements for the impacted periods and the filing of its Form 10-K for the year ended December 31, 2025 and its Form 10-Q for the quarterly period ended March 31, 2026, Hub Group’s plans to regain compliance with Nasdaq’s listing rules, and any other statements regarding Hub Group’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that might cause the actual performance of Hub Group to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the Company’s ability to complete the previously-announced restatement of its financial statements; the impact that further delays in the financial close process or the related audit may have on Hub Group’s business, financial condition and results of operations, and other risks discussed under the “Risk Factors” section in Hub Group’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. These forward-looking statements speak only as of the date hereof and Hub Group assumes no obligation to update any such forward-looking statements.

About Hub Group
Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG), our approximately 6,000 employees and drivers across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com.

CONTACT: Garrett Holland, InvestorRelations@hubgroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Hub Group (HUBG) receive a Nasdaq deficiency notice in May 2026?

Hub Group received the Nasdaq notice because it did not timely file its Form 10-Q for the quarter ended March 31, 2026. According to Hub Group, this delay caused non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely periodic SEC filings.

Does the Nasdaq deficiency notice affect trading of Hub Group (HUBG) stock?

The Nasdaq deficiency notice currently has no immediate effect on the listing or trading of Hub Group common stock. According to Hub Group, its shares remain listed on Nasdaq while it works to regain compliance within the granted exception period.

How long does Hub Group (HUBG) have to regain Nasdaq compliance after the May 2026 notice?

Hub Group has a 180-day exception period, until September 14, 2026, to regain Nasdaq compliance. According to Hub Group, it plans to meet this deadline by completing financial restatements, filing its 2025 Form 10-K, then submitting the delayed March 31, 2026 Form 10-Q.

What SEC filings is Hub Group (HUBG) working on after the Nasdaq notice?

Hub Group is working to restate financial statements for 2023, 2024 and 2025 quarterly periods and file its Form 10-K for 2025. According to Hub Group, the Form 10-Q for March 31, 2026 will be filed as soon as practicable afterward.

What does Hub Group (HUBG) say about regaining compliance with Nasdaq Listing Rule 5250(c)(1)?

Hub Group states it intends to regain Nasdaq Listing Rule 5250(c)(1) compliance on or before September 14, 2026. According to Hub Group, it is working diligently on required restatements and filings needed to resolve the delayed Form 10-Q issue.