Hurco Companies Inc (HURC) Q1 2025 Earnings Report

Hurco Companies Inc. reported Q1 fiscal 2025 results for the period ending January 31, 2025, with revenue of $46.414 million, up 3.0% year over year but down 13.6% quarter over quarter. Gross profit was $8.29 million, yielding a gross margin of 17.9%, while operating income was negative $2.09 million and net income declined to negative $4.32 million, or −$0.67 per share. The quarter reflects ongoing profitability headwinds amid a fixed cost structure and working capital dynamics, even as the company delivered robust operating cash flow of $10.34 million and free cash flow of $9.78 million. Hurco ended the period with a solid liquidity position: cash and cash equivalents of $41.82 million and a net cash position (negative net debt) of approximately $30.02 million. Balance sheet metrics show modest leverage (total debt $11.8 million, debt-to-capitalization around 5.6%), a strong current ratio of 4.93x, and substantial working capital support.