Mastech Digital, Inc. (NYSE American: MHH) announced its financial results for the third quarter ended September 30, 2026, in a press release filed with the SEC on October 30, 2026. The company reported total consolidated revenues of $41,987,000 for the quarter, which represents a 13.4% decrease compared to the same period in 2025 but an increase of 1.3% compared to the prior quarter.
The company operates two primary segments: Data & AI and Talent. The Data & AI segment generated revenues of $14,122,000 for the quarter, a 6.8% decrease year-over-year but a 4.7% increase sequentially. This marks the second consecutive quarter of sequential growth for the segment. Bookings for the Data & AI segment totaled $10.8 million, a 29.0% increase compared to the third quarter of 2025. The Talent segment reported revenues of $27,865,000, a 16.4% decrease year-over-year and a 0.4% decrease sequentially.
On a GAAP basis, the company reported net income of $7,000 for the quarter, compared to net income of $941,000 in the prior year. Non-GAAP net income was reported at $1,222,000, with Non-GAAP diluted earnings per share of $0.10. The company noted that gross margin for the Data & AI segment improved to 40.5% on a Non-GAAP basis for the quarter.
Regarding its balance sheet, Mastech Digital reported liquidity of $56.2 million as of September 30, 2026. This figure includes cash and cash equivalents of $37.9 million and approximately $18.3 million of borrowing capacity available under its credit facility, with no bank debt outstanding.
Management highlighted the launch of the new Mastech brand and its focus on the "Knowledge-first Enterprise." The company has achieved the status of a Solutions Partner for Cloud and AI Platform in the Microsoft AI Cloud Partner Program. The company will host a conference call to discuss the results on October 30, 2026, at 9:00 a.m. Eastern Time.
