A maker of CNC (computer numerical control) machine tools and software, Hurco helps small metal shops program and cut precision parts right at the machine instead of typing complex code by hand. Founded in 1968 in Indianapolis by Gerald Roch and Edward Humston, its name is an acronym of the founders' surnames—Humston, Roch—and "Company." In 1976 Roch patented "conversational programming," a method where machinists answer simple on-screen prompts to create programs, an idea that still powers the company's WinMax control software today.
Hurco reports Q2 FY2026 net loss of $2.4M, sales up 17% to $47.6M
Net loss for Q2 FY2026 was $2,372,000, or $0.37 per diluted share, compared to a net loss of $4,063,000, or $0.62 per diluted share, in the prior-year quarter.
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Sales and service fees for Q2 FY2026 were $47,618,000, up 17% year-over-year, with a favorable currency impact of $1,352,000.
Orders for Q2 FY2026 increased 41% year-over-year to $61,647,000, with growth of 63% in the Americas, 66% in Asia Pacific, and 17% in Europe.
Gross margin expanded by 300 basis points to 22% of sales in Q2 FY2026, up from 19% in the prior-year quarter.
Cash and cash equivalents totaled $50,055,000 at April 30, 2026, with no debt.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hurco shareholders elect all eight directors and approve executive pay and auditor at 2026 annual meeting
All eight director nominees were elected, with votes ranging from 3,403,565 (Richard Porter) to 3,728,776 (Benjamin Rashleger) in favor.
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Hurco Companies, Inc. held its Annual Meeting of Shareholders on March 12, 2026.
The advisory vote on executive compensation passed with 3,596,966 for, 141,517 against, and 123,835 abstentions.
Shareholders ratified Deloitte & Touche LLP as independent auditor for fiscal year ending October 31, 2026, with 4,801,753 for, 41,781 against, and 14,305 abstentions.
The report was filed under Item 5.07 to disclose the results of these shareholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Hurco reports Q1 FY2026 net loss of $3.5M, sales down 8% to $42.9M
Net loss for the first fiscal quarter ended January 31, 2026 was $3,468,000, or $0.54 per diluted share, compared to a net loss of $4,320,000, or $0.67 per diluted share, in the prior year period.
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Sales and service fees decreased 8% to $42,868,000 from $46,414,000, including a favorable currency impact of $1,813,000.
Gross profit was $7,938,000, or 19% of sales, up from 18% of sales in the prior year period.
Orders increased 5% to $41,980,000, with Americas orders up 18%.
Cash and cash equivalents totaled $48,011,000 at January 31, 2026, compared to $48,713,000 at October 31, 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hurco reports Q4 FY2025 net loss of $3.0M on sales of $45.5M, down 15% YoY.
Fourth quarter fiscal 2025 net loss was $3,041,000, or $0.47 per diluted share, compared to a net loss of $1,442,000, or $0.23 per diluted share, in the prior year period.
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Fiscal year 2025 net loss was $15,117,000, or $2.34 per diluted share, compared to a net loss of $16,608,000, or $2.56 per diluted share, in fiscal 2024.
Sales and service fees for Q4 fiscal 2025 were $45,467,000, a decrease of 15% year-over-year; for fiscal 2025 they were $178,554,000, a decrease of 4% year-over-year.
Gross profit for Q4 fiscal 2025 was $7,749,000 (17% of sales), down from $12,186,000 (23% of sales) in the prior year period; for fiscal 2025 gross profit was $32,980,000 (18% of sales), down from $37,743,000 (20% of sales) in fiscal 2024.
Cash and cash equivalents totaled $48,713,000 as of October 31, 2025, compared to $33,330,000 as of October 31, 2024.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hurco Executive Chairman Michael Doar to retire, remain as non-executive Chairman
Michael Doar notified Hurco Companies, Inc. on November 12, 2025, of his intention to retire as Executive Chairman, effective at the 2026 Annual Meeting of Shareholders.
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The Board has nominated Doar for re-election as a director at the 2026 Annual Meeting; if re-elected, he will become non-executive Chairman.
Doar's retirement is for personal reasons and consistent with long-term succession planning, not due to any disagreement with the Company or Board.
Doar joined Hurco's Board in 2000, served as CEO for twenty years, and has been Executive Chairman; he previously worked at International Ingersoll from 1989.
The Company issued a press release on November 18, 2025, announcing the transition.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Hurco reports Q3 FY2025 net loss of $3.7M, sales up 7% to $45.8M
Net loss for Q3 FY2025 was $3,693,000, or $0.58 per diluted share, compared to a net loss of $9,596,000, or $1.47 per diluted share, in Q3 FY2024.
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Sales and service fees for Q3 FY2025 were $45,806,000, up 7% from $42,651,000 in the prior year period, with a favorable currency impact of $1,379,000.
Gross profit for Q3 FY2025 was $9,112,000, or 20% of sales, compared to $7,843,000, or 18% of sales, in the prior year period.
Orders for Q3 FY2025 were $40,996,000, down 22% from $52,815,000 in the prior year period.
Cash and cash equivalents totaled $44,494,000 at July 31, 2025, up from $33,330,000 at October 31, 2024.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hurco reports Q2 FY2025 net loss of $4.1M, sales down 10% to $40.9M
Net loss for Q2 FY2025 was $4,063,000, or $0.62 per diluted share, compared to a net loss of $3,922,000, or $0.61 per diluted share, in Q2 FY2024.
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Sales and service fees for Q2 FY2025 were $40,867,000, a 10% decrease from $45,172,000 in the prior year period.
For the first six months of FY2025, net loss was $8,383,000, or $1.29 per diluted share, compared to a net loss of $5,570,000, or $0.86 per diluted share, in the prior year period.
Orders for Q2 FY2025 were $43,700,000, a 1% decrease from $44,192,000 in the prior year period.
Cash and cash equivalents totaled $43,807,000 at April 30, 2025, compared to $33,330,000 at October 31, 2024.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hurco shareholders approve 850,000-share increase to 2016 Equity Incentive Plan at annual meeting
All eight director nominees were elected, including Michael Doar, Cynthia Dubin, Timothy J. Gardner, Jay C. Longbottom, Richard Porter, Benjamin Rashleger, Janaki Sivanesan, and Gregory S. Volovic.
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At the March 13, 2025 annual meeting, shareholders approved an amendment to the 2016 Equity Incentive Plan adding 850,000 shares to its reserve.
The advisory vote on executive compensation passed with 3,914,992 votes for, 303,379 against, and 162,156 abstentions.
The amendment to the 2016 Plan received 4,114,178 votes for, 241,071 against, and 25,278 abstentions.
Shareholders ratified Deloitte & Touche LLP as independent auditor for fiscal year ending October 31, 2025, with 5,023,775 votes for.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits