Every 10-Q that McGraw Hill, Inc. (MH) 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 MH 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 MH filings page.
McGraw Hill, Inc. reported revenue of $549.9 million for the quarter ended June 30, 2026, up modestly from $535.7 million a year earlier, with growth led by Higher Education and K-12 digital offerings. Net income rose sharply to $57.9 million from $0.5 million, reflecting stronger operating profitability and lower interest expense and taxes.
Gross profit increased to $439.2 million, while operating income improved to $114.3 million from $96.2 million as operating expenses grew more slowly than revenue. Re-occurring revenue, largely subscriptions and multi-year print contracts, accounted for $425.6 million, or about 77% of total revenue, underscoring the subscription focus of the model. Adjusted EBITDA reached $207.0 million, compared with $191.4 million in the prior-year quarter.
The company remains highly leveraged, with total debt of $2.63 billion against cash of $193.6 million, but was in compliance with all covenants. Deferred revenue stood at $1.52 billion, with $565.7 million expected to be recognized over the remainder of fiscal 2027, providing visibility into future revenue. McGraw Hill also disclosed ongoing legal proceedings in Florida, Illinois, and a royalty-related class action, noting that outcomes and potential losses cannot be reasonably estimated at this time.
McGraw Hill, Inc. reported quarterly revenue of $434.2 million for the three months ended December 31, 2025, up slightly from $416.5 million a year earlier. The company recorded a net loss of $20.2 million for the quarter but earned net income of $85.6 million for the nine-month period, compared with $71.0 million a year earlier.
Cash from operating activities was strong at $477.3 million for the nine months, supporting $137.7 million of investment spending and sizeable debt repayments. Long-term debt fell from $3.28 billion to $2.68 billion, aided by proceeds of $392.9 million from an initial public offering used primarily to pay down term loans. Shares outstanding were 191.0 million as of February 9, 2026.
McGraw Hill, Inc. filed its quarterly report for the period ended September 30, 2025. Revenue for the quarter was $669,187 thousand versus $688,590 thousand a year ago, with operating income of $156,525 thousand. Net income was $105,284 thousand, or $0.57 per diluted share, compared with $133,403 thousand, or $0.80, last year. Interest expense fell to $55,940 thousand from $80,146 thousand, and the company recorded a $16,361 thousand loss on extinguishment of debt.
For the six months, revenue was $1,204,897 thousand and net income was $105,786 thousand ($0.60 per diluted share). Cash provided by operating activities was $168,331 thousand. The balance sheet showed cash and cash equivalents of $463,187 thousand, total assets of $6,045,389 thousand, long‑term debt of $2,796,958 thousand (plus $13,170 thousand current), and stockholders’ equity of $794,592 thousand. Deferred revenue totaled $1,913,561 thousand (current $966,940 thousand; non‑current $946,621 thousand).
Capital markets activity: On July 25, 2025, the company completed an IPO of 24,390,000 shares at $17.00 per share, receiving $385,698 thousand in net proceeds and used the proceeds to repay $385,698 thousand under its A&E Term Loan Facility. As of November 10, 2025, common shares outstanding were 191,001,519.
McGraw Hill, Inc. reported revenue of $535.7 million for the three months ended June 30, 2025, a modest increase from $522.9 million a year earlier. Gross profit rose to $412.3 million, and operating income improved to $96.2 million from $75.8 million, driven by slightly lower total operating expenses and reduced amortization of intangibles.
Interest expense (income), net, declined to $58.8 million from $80.9 million, producing income before taxes of $37.5 million. After a tax provision of $36.9 million, net income was $0.5 million and diluted earnings per share were reported as $0.00. Cash and cash equivalents declined to $247.3 million from $389.8 million, and operating activities used $96.7 million of cash, largely reflecting a $105.3 million increase in accounts receivable and changes in deferred revenue. Total debt outstanding remained about $3.275 billion while total stockholders' equity was $283.3 million with an accumulated deficit of $(1,280.7) million. Key balance-sheet items include goodwill of $2.558 billion and intangible assets net of amortization of $1.397 billion.