Every 10-Q that Hurco Cos Inc (HURC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HURC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HURC filings page.
Hurco Companies, Inc. (HURC) returned to profitability in its fiscal third quarter while sharply improving margins, though results for the first nine months of fiscal 2026 remain loss-making. Third-quarter sales were $47.3 million, up 3% year over year, with strength in the Americas and Asia Pacific offsetting weaker Europe. Gross margin improved to 28% from 20%, driven by a richer mix of higher‑performance machines, price increases, and U.S. tariff refund claims. Operating income was $2.3 million versus a $1.7 million loss a year ago, and net income was $2.3 million (basic EPS $0.35).
For the first nine months, sales rose 4% to $137.8 million, but Hurco posted a net loss of $3.5 million, improved from a $12.1 million loss in the prior‑year period, as gross margin increased to 23% from 19%. Orders were robust at $51.4 million in the quarter and $155.0 million year‑to‑date, up 25% and 24%, respectively, with especially strong growth in the Americas and Asia Pacific.
Liquidity remains solid with $52.1 million of cash, working capital of $166.7 million, and no debt outstanding. Hurco put in place a new $20 million secured revolver maturing December 31, 2026, but a leverage covenant based on consolidated EBITDA means the facility is effectively unavailable while trailing twelve‑month EBITDA is negative. The company previously suspended its regular quarterly dividend and continues to prioritize investment, balance‑sheet strength, and selective share repurchases under a $25 million authorization (about $19.7 million remaining).
Hurco Companies, Inc. reported higher sales but continued losses for the quarter and six months ended April 30, 2026. Second-quarter sales rose to $47.6 million from $40.9 million, driven by stronger demand for higher-performance 5-axis and vertical milling machines, especially in the Americas and Asia Pacific, while Europe declined.
Despite the growth, Hurco posted a Q2 net loss of $2.4 million (loss of $0.37 per share), improving from a $4.1 million loss a year earlier, as gross margin increased to 22% on a richer product mix and pricing actions. For the first six months, sales were $90.5 million with a net loss of $5.8 million, both better than the prior year.
Orders were notably stronger, reaching $61.6 million in Q2 and $103.6 million year-to-date, reflecting broad-based demand for Hurco and Takumi machines. Hurco ended the period with $50.1 million of cash, no debt outstanding on its credit facilities, and working capital of $166.9 million, providing flexibility to navigate the industry cycle.
Hurco Companies, Inc. reported lower sales and a smaller loss for the quarter ended January 31, 2026. Sales and service fees were $42.9 million, down 8% from $46.4 million, mainly from weaker demand for Milltronics machines in the Americas and Hurco machines in Europe and Asia.
Orders were $42.0 million, up 5%, helped by stronger demand in the Americas. Gross profit was $7.9 million, or 19% of sales, slightly above 18% a year earlier due to a richer mix of higher-performance machines and better fixed-cost leverage. Selling, general and administrative expenses rose to $11.1 million, or 26% of sales, partly from currency and higher employee benefits.
Hurco posted a net loss of $3.5 million, improving from a $4.3 million loss, while income tax expense declined to $0.5 million. The balance sheet remained strong with $48.0 million in cash, no debt, and working capital of $169.5 million. The company replaced its prior facility with a new $20.0 million secured revolving credit line, but a leverage covenant tied to EBITDA currently prevents borrowing until consolidated EBITDA turns positive over the most recent four fiscal quarters.
Hurco Companies, Inc. (HURC) reported select disclosures in its Form 10-Q: the company held a forward contract designated as a hedge of Euro‑denominated net investments that matures in November 2025 and has produced a $1.2 million realized gain and a $0.1 million unrealized loss, net of tax, recorded in accumulated other comprehensive loss. Share counts reported approximately 6.57 million shares issued and 6.40 million shares outstanding as of July 31, 2025. The 2016 Equity Incentive Plan was increased twice (additional 850,000 shares in 2022 and again in 2025) and grant date fair value for recent grants was based on a closing price of $19.81 per share or PSU. Long‑term incentive PSUs vest partly on performance (approximately 55% performance‑based) over a three‑year 2025–2027 period; components include NI (30% of package) and FCF (25% of package) with payout ranges from 50% to 200% of target. Under the 2018 Credit Agreement the company has a $40.0 million revolving facility with covenants including maximum letters of credit of $10.0 million, maximum loans to Hurco B.V. of $20.0 million, maximum alternative currency loans of $20.0 million, and a scheduled maturity of December 31, 2025. Covenants require minimum working capital of $125.0 million and minimum tangible net worth of $176.5 million, and annual repurchases capped at $25.0 million. The company recorded $5.3 million of income (loss) for the nine months of fiscal 2025 versus $8.2 million in the prior year period and established a $4.0 million valuation allowance against U.S., Chinese and Italian deferred tax assets, reflecting a full valuation allowance in those jurisdictions.