HG Holdings Q1 FY26 income before taxes swings to profit of $799,000; revenue rises to $3.82 million

HG HOLDINGS INC

HG HOLDINGS INC

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  • HG Holdings swung to pretax profit of USD 799,000 for quarter ended March 31, 2026, from pretax loss of USD 281,000 a year earlier.
  • Revenue rose 40.19% to USD 3.82 million, driven by management fees of USD 1.5 million that more than doubled as Services Agreement with HP Risk became effective June 1, 2025.
  • Net title premium written increased to USD 1.58 million, while escrow and other title fees climbed to USD 738,000 on higher affiliated title business volume and expansion of market share in Florida.
  • Cash and cash equivalents totaled USD 10.7 million at March 31, 2026, with restricted cash of USD 9.8 million held mainly in escrow for title transactions.


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