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 · 2026-08-05 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −23 | ~28 | 20 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | 0 | ~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 · 2026-08-05
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…
Cost of services sold decreased by $4.9 million, or 7.7%, and $8.9 million, or 7.4%, for the three and six months ended June 30, 2026, respectively, compared to the prior-year periods. These decreases in cost of services sold were in line with the decrease in service revenue. Cost of services as a p…
Cost of goods sold - products decreased by $36.9 million, or 69.1%, and $58.2 million, or 58.2%, for the three and six months ended June 30, 2026, respectively, compared to the prior-year periods. These decreases in cost of goods sold - products were in line with the decrease in product revenue. Cos…
Cost of goods sold – spare parts remained relatively flat for the three and six months ended June 30, 2026, compared to the corresponding periods in 2025. Cost of goods sold – spare parts as a percentage of spare parts revenue decreased to 56.0% and 56.7% for the three and six months ended June 30, …
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Service revenue decreased by $11.5 million, or 14%, in the first quarter of 2026, compared to the corresponding period in 2025, due to decreased services activity driven by lower order intake in the second half of 2025. Product revenue decreased by $22.2 million, or 40.6%, in the first quarter of 20…
Cost of services sold decreased by $4.0 million, or 7.0%, to $53.1 million in the first quarter of 2026, down from $57.1 million in the first quarter of 2025. The decrease in cost of services sold was in line with the decrease in service revenue. Cost of services sold as a percentage of service reve…
Cost of goods sold - products decreased by $21.3 million, or 45.7%, to $25.4 million in the first quarter of 2026, down from $46.7 in the first quarter of 2025. The decrease in cost of goods sold - products was in line with the decrease in product revenue. Cost of goods sold - products as a percenta…
Cost of goods sold - spare parts remained relatively flat in the first quarter of 2026 compared to first quarter of 2025. Cost of goods sold - spare parts as a percentage of spare parts revenue decreased to 57.2% in the first quarter of 2026 as compared to 63.3% in first quarter of 2025, mainly due …
In the first quarter of 2026, selling, general and administrative expenses decreased by $1.1 million, or 3.1%, to $35.1 million from $36.2 million in the first quarter of 2025, primarily due to continued cost optimization and rationalization efforts.
Other information
Text added 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