HURCO COMPANIES INC
HURC · Industrial Instruments For Measurement, Display, and Control · 6.5M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $5M, SBC $3M)
Reference price $16.00 · est. market cap ~$104M — last insider purchase, 2025-12-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Cyclical machine-tool maker in a loss year with weak margins, offset by a debt-free balance sheet and positive free cash flow.
Strengths
- Very strong liquidity: current ratio 4.3 (82nd), quick ratio 58.8th, no meaningful debt, positive FCF of $16.7M
- Long operating history and disciplined cost/inventory management through the downturn
Risks
- Net loss of $15.1M: net margin -8.5%, operating margin -5.75%, ROE -7.6%; low gross margin (18.5%, 14th pct)
- Revenue -4.3% amid a deep machine-tool cycle trough plus tariff and FX exposure
Notable findings
- Net lossNet loss (net margin -8.5%)
- Customer concentration~62% of revenue from one customer/distributor — During fiscal year 2025, approximately 62% of our revenues were derived from sales to customers located outside of the Americas
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
18.5%
Operating margin
-5.8%
Net margin
-8.5%
Return on equity
-7.6%
Return on assets
-5.7%
Revenue growth (QoQ)
11.1%
Current ratio
4.3×
Free cash flow
$17M
EBITDA
-$8M
Tangible book value
$198M
Cash & investments
$58M
Stock comp / revenue
1.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-12 | DOAR MICHAEL | Grant | 5.4K | — |
| 2026-03-12 | Sivanesan Janaki | Grant | 5.4K | — |
| 2026-03-12 | Rashleger Benjamin | Grant | 5.4K | — |
| 2026-03-12 | Porter Richard R. | Grant | 5.4K | — |
| 2026-03-12 | Keyler Lawrence | Grant | 5.4K | — |
| 2026-03-12 | GARDNER TIMOTHY J | Grant | 5.4K | — |
| 2026-03-12 | Dubin Cynthia S | Grant | 5.4K | — |
| 2026-01-07 | McClelland Sonja K | Tax withheld | 1.9K | $16.30 |
| 2026-01-07 | DOAR MICHAEL | Tax withheld | 2.1K | $16.30 |
| 2026-01-07 | Jamison HaiQuynh | Tax withheld | 510 | $16.30 |
| 2026-01-07 | Wright Jonathon D. | Tax withheld | 528 | $16.30 |
| 2026-01-07 | Volovic Gregory S | Tax withheld | 2.7K | $16.30 |
| 2026-01-06 | Volovic Gregory S | Grant | 35K | — |
| 2026-01-06 | Jamison HaiQuynh | Grant | 5.5K | — |
| 2026-01-06 | Wright Jonathon D. | Grant | 5.7K | — |
| 2026-01-06 | McClelland Sonja K | Grant | 21K | — |
| 2026-01-04 | Jamison HaiQuynh | Tax withheld | 130 | $16.35 |
| 2026-01-04 | DOAR MICHAEL | Tax withheld | 1.2K | $16.35 |
| 2026-01-04 | Wright Jonathon D. | Tax withheld | 195 | $16.35 |
| 2026-01-04 | Volovic Gregory S | Tax withheld | 1.6K | $16.35 |
| 2026-01-04 | McClelland Sonja K | Tax withheld | 978 | $16.35 |
| 2026-01-03 | Jamison HaiQuynh | Tax withheld | 106 | $16.35 |
| 2026-01-03 | DOAR MICHAEL | Tax withheld | 958 | $16.35 |
| 2026-01-03 | Wright Jonathon D. | Tax withheld | 106 | $16.35 |
| 2026-01-03 | Volovic Gregory S | Tax withheld | 1.3K | $16.35 |
| 2026-01-03 | McClelland Sonja K | Tax withheld | 799 | $16.35 |
| 2025-12-11 | DOAR MICHAEL | Gift | 5.0K | — |
| 2025-12-01 | Sivanesan Janaki | Buy | 300 | $16.00 |
| 2025-09-03 | Sivanesan Janaki | Buy | 550 | $16.50 |
| 2025-09-03 | Sivanesan Janaki | Buy | 600 | $16.50 |
| 2025-07-02 | DOAR MICHAEL | Buy | 1.0K | $20.31 |
| 2025-07-02 | DOAR MICHAEL | Buy | 1.0K | $20.50 |
| 2025-07-02 | DOAR MICHAEL | Buy | 1.0K | $20.38 |
| 2025-06-27 | DOAR MICHAEL | Buy | 2.0K | $18.50 |
| 2025-06-24 | DOAR MICHAEL | Buy | 2.0K | $15.99 |
| 2025-06-24 | Sivanesan Janaki | Buy | 700 | $15.75 |
| 2025-06-23 | DOAR MICHAEL | Buy | 2.0K | $15.68 |
| 2025-06-23 | DOAR MICHAEL | Buy | 2.0K | $15.80 |
| 2025-06-13 | Jamison HaiQuynh | Buy | 211 | $14.40 |
| 2025-06-13 | Jamison HaiQuynh | Buy | 409 | $14.50 |
| 2025-06-12 | Porter Richard R. | Buy | 500 | $14.71 |
| 2025-06-11 | Volovic Gregory S | Buy | 500 | $13.34 |
| 2025-06-11 | Volovic Gregory S | Buy | 7.0K | $13.35 |
| 2025-03-28 | Polar Asset Management Partners Inc. | Sell | 3.0K | $15.51 |
| 2025-03-27 | Polar Asset Management Partners Inc. | Sell | 3.0K | $15.51 |
| 2025-03-26 | Polar Asset Management Partners Inc. | Sell | 3.0K | $15.50 |
| 2025-03-25 | Polar Asset Management Partners Inc. | Sell | 3.0K | $15.56 |
| 2025-03-24 | Polar Asset Management Partners Inc. | Sell | 3.0K | $15.78 |
| 2025-03-13 | Dubin Cynthia S | Grant | 5.0K | — |
| 2025-03-13 | Porter Richard R. | Grant | 5.0K | — |
| 2025-03-13 | Sivanesan Janaki | Grant | 5.0K | — |
| 2025-03-13 | Rashleger Benjamin | Grant | 5.0K | — |
| 2025-03-13 | Longbottom Jay C. | Grant | 5.0K | — |
| 2025-03-13 | GARDNER TIMOTHY J | Grant | 5.0K | — |
| 2025-02-18 | Polar Asset Management Partners Inc. | Sell | 3.4K | $22.62 |
| 2025-02-14 | Polar Asset Management Partners Inc. | Sell | 3.1K | $22.60 |
| 2025-02-13 | Polar Asset Management Partners Inc. | Sell | 4.5K | $22.63 |
| 2025-01-07 | DOAR MICHAEL | Tax withheld | 2.1K | $19.81 |
| 2025-01-07 | Wright Jonathon D. | Grant | 5.6K | — |
| 2025-01-07 | Wright Jonathon D. | Tax withheld | 298 | $19.81 |
| 2025-01-07 | Volovic Gregory S | Grant | 37K | — |
| 2025-01-07 | Volovic Gregory S | Tax withheld | 2.4K | $19.81 |
| 2025-01-07 | McClelland Sonja K | Grant | 23K | — |
| 2025-01-07 | McClelland Sonja K | Tax withheld | 1.8K | $19.81 |
| 2025-01-07 | Jamison HaiQuynh | Grant | 5.4K | — |
| 2025-01-07 | Jamison HaiQuynh | Tax withheld | 295 | $19.81 |
| 2025-01-07 | DOAR MICHAEL | Grant | 28K | — |
| 2025-01-04 | McClelland Sonja K | Tax withheld | 695 | $19.56 |
| 2025-01-04 | Volovic Gregory S | Tax withheld | 927 | $19.56 |
| 2025-01-04 | Volovic Gregory S | Tax withheld | 1.4K | $19.56 |
| 2025-01-04 | DOAR MICHAEL | Tax withheld | 1.1K | $19.56 |
| 2025-01-04 | DOAR MICHAEL | Tax withheld | 834 | $19.56 |
| 2025-01-04 | McClelland Sonja K | Tax withheld | 979 | $19.56 |
| 2025-01-04 | Wright Jonathon D. | Tax withheld | 95 | $19.56 |
| 2025-01-04 | Wright Jonathon D. | Tax withheld | 201 | $19.56 |
| 2025-01-04 | Jamison HaiQuynh | Tax withheld | 94 | $19.56 |
| 2025-01-04 | Jamison HaiQuynh | Tax withheld | 132 | $19.56 |
| 2025-01-03 | Wright Jonathon D. | Tax withheld | 109 | $19.56 |
| 2025-01-03 | DOAR MICHAEL | Tax withheld | 959 | $19.56 |
| 2025-01-03 | Jamison HaiQuynh | Tax withheld | 108 | $19.56 |
| 2025-01-03 | Volovic Gregory S | Tax withheld | 1.3K | $19.56 |
| 2025-01-03 | McClelland Sonja K | Tax withheld | 799 | $19.56 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | ResultsExhibits | filing ↗ |
| 2026-03-16 | Shareholder vote | filing ↗ |
| 2026-03-06 | ResultsExhibits | filing ↗ |
| 2026-01-09 | ResultsExhibits | filing ↗ |
| 2025-11-18 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-09-05 | ResultsExhibits | filing ↗ |
| 2025-06-06 | ResultsExhibits | filing ↗ |
| 2025-03-17 | Exec/director changeShareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-05 | 0001104659-26-070810 ↗ |
| 10-Q | 2026-06-05 | 2026-04-30 | 0001104659-26-070920 ↗ |
| 8-K | 2026-03-16 | 2026-03-12 | 0001104659-26-028523 ↗ |
| 10-Q | 2026-03-06 | 2026-01-31 | 0001104659-26-024614 ↗ |
| 8-K | 2026-03-06 | 2026-03-06 | 0001104659-26-024429 ↗ |
| 8-K | 2026-01-09 | 2026-01-09 | 0001104659-26-002361 ↗ |
| 10-K | 2026-01-09 | 2025-10-31 | 0001104659-26-002512 ↗ |
| 8-K | 2025-11-18 | 2025-11-12 | 0001104659-25-113501 ↗ |
| 8-K | 2025-09-05 | 2025-09-05 | 0001558370-25-011891 ↗ |
| 10-Q | 2025-09-05 | 2025-07-31 | 0001558370-25-011897 ↗ |
| 8-K | 2025-06-06 | 2025-06-06 | 0001558370-25-008470 ↗ |
| 10-Q | 2025-06-06 | 2025-04-30 | 0001558370-25-008487 ↗ |