HMH — what changed in the latest 10-Q
A section-by-section comparison of HMH's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −16 | ~27 | 28 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
Three Months Ended September 30,Nine Months Ended September 30,
Three Months Ended September 30,Nine Months Ended September 30,
Product revenue decreased by $37.4 million, or 69.1%, and $97.7 million, or 58.2%, for the three and nine months ended September 30, 2026, respectively. The decrease in product revenue, compared to the prior-year periods, reflects our lower equipment backlog volume and delays in the
Service revenue decreased by $7.7 million, or 7.4%, and $22.5 million, or 8.0%, for the three and nine months ended September 30, 2026, respectively. The decrease in Service revenue, compared to the prior-year periods, reflects reduction in contract service agreements partially offset by stronger di…
Income tax expense: Income tax consists primarily of U.S. federal and state income taxes and income taxes in foreign jurisdictions in which we operate. For the three months ended September 30, 2026, we recorded a tax expense of $7.2 million, resulting in an effective tax rate of 41.0%, compared to a…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
Product revenue decreased by $38.4 million, or 65.1%, and $60.3 million, or 53.1%, for the three and six months ended June 30, 2026, respectively, compared to the prior-year periods, reflecting a lower backlog to start the quarter and partially due to a delay in equipment deliveries and installation…
Service revenue decreased by $3.3 million, or 3.5%, and $14.8 million, or 8.4%, for the three and six months ended June 30, 2026, respectively, compared to the prior-year periods, primarily due to decreases in repairs and other services, partially offset by stronger digital services volume. Spare pa…
Income tax expense (benefit): Income tax consists primarily of U.S. federal and state income taxes and income taxes in foreign jurisdictions in which we operate. For the three months ended June 30, 2026, we recorded a tax benefit of $4.5 million, resulting in an effective tax rate of 47.3%, compared…
Net cash provided by (used in) investing activities(8,752)(5,913)
Net cash provided by (used in) financing activities6,648 (2,000)
Other information
Text removed vs the prior filing · source: 10-Q · 2026-08-05
On May 5, 2026, the Company granted an aggregate of 186,085 restricted stock units, each representing a contingent right to receive one share of Class A common stock, to its employees under the 2026 Plan. Due to an administrative error in the calculation of equity awards granted on April 2, 2026, fe…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice