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Harte Hanks Inc logo

Harte Hanks Inc

hartehanks.com

What Do They Do?

Provides marketing and customer-care services, and handles product fulfillment and logistics for businesses and brands.

How Do They Make Money?

Fulfillment and logistics customers are generally billed per transaction for fulfillment-center work; some other services are billed over time or when delivered. Customer-care clients pay for ongoing service or per-transaction work, while Revenue Solutions customers pay for projects as work progresses and for data services, including monthly data hosting.

revenue
SegmentShareRevenue
Revenue Solutions
22%
Customer Care
31%
FY2022: 33%
Fulfillment & Logistics Services
Mix

47%
FY2022: 42%

Who Are Their Customers?

Large multinational enterprises, small and midsized businesses, and government organizations buy through Harte Hanks' sales team, which also offers existing clients additional services.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2024: 9% from one customer

Do Revenues Turn Into Profits?

No. It lost $811K in FY2025.

Operating income, FY2025
0% of revenue
▼ −82% vs FY2024 ($2.1M, 1%)
Net income, FY2025
−1% of revenue
▼ −97% (Loss) vs FY2024 (−$30.3M, −16%)
Free cash flow, FY2025
−3% of revenue
▼ −33% (Loss) vs FY2024 (−$6.7M, −4%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −2%
vs $38.6M in Q2 FY2025
Net income
▲ +1393% (Loss)
vs −$335K in Q2 FY2025
Fulfillment & Logistics Services share of revenue vs 46.9% in Q2 FY2025
  • Sep 15, 2026 Board reaffirms Star merger after receiving other acquisition proposals The go-shop period ended; the company remains subject to the merger agreement.
  • Aug 19, 2026 Star Equity agreed to acquire Harte Hanks Shareholders may elect cash or Star preferred shares under the merger terms.

Shrinking. Revenue fell 18% in 4 years, from $194.6M in FY2021 to $159.6M in FY2025, about 5% a year.

Revenue over time
Revenue Solutions Customer Care Fulfillment & Logistics Services Marketing Services
$250M$125M$0

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