McGraw Hill Inc (MH) financial statements: income statement, balance sheet and cash flow
McGraw Hill Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Mar 31, 2026 · FY), McGraw Hill Inc reported revenue of $2.1B and net income of $35.3M.
Income statement
McGraw Hill Inc income statement, fiscal years
Line item
Mar 31, 2026 · FY
Revenue
$2.1B
Cost of sales (excluding depreciation and amortization)
$401.1M
Gross profit
$1.7B
Operating and administrative expenses
$1.1B
Depreciation
$82.0M
Amortization of intangibles
$223.6M
Impairment charge
$39.0M
Total operating expenses
$1.4B
Operating income (loss)
$276.8M
Interest expense (income), net
$207.2M
(Gain) loss on extinguishment of debt
$25.8M
Income (loss) from operations before taxes
$43.8M
Income tax provision (benefit)
$8.5M
Net income (loss)
$35.3M
Basic (in dollars per share)
$0.19
Diluted (in dollars per share)
$0.19
Basic (in shares)
183.5M
Diluted (in shares)
183.7M
McGraw Hill Inc income statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · Q3
Sep 30, 2025 · Q2
Jun 30, 2025 · Q1
Revenue
$549.9M
$434.2M
$669.2M
$535.7M
Cost of sales (excluding depreciation and amortization)
$110.7M
$63.8M
$139.1M
$123.4M
Gross profit
$439.2M
$370.3M
$530.1M
$412.3M
Operating and administrative expenses
$255.1M
$257.2M
$299.5M
$241.5M
Depreciation
$16.3M
$27.3M
$17.7M
$17.2M
Amortization of intangibles
$53.5M
$55.4M
$56.4M
$57.4M
Total operating expenses
$324.9M
$339.9M
$373.6M
$316.1M
Operating income (loss)
$114.3M
$30.4M
$156.5M
$96.2M
Interest expense (income), net
$45.8M
$47.4M
$55.9M
$58.8M
Income (loss) from operations before taxes
$68.5M
($25.1M)
$84.2M
$37.5M
Income tax provision (benefit)
$10.7M
($5.0M)
($21.1M)
$36.9M
Net income (loss)
$57.9M
($20.2M)
$105.3M
$502.0K
Basic (in dollars per share)
$0.30
-$0.11
$0.57
$0.00
Diluted (in dollars per share)
$0.30
-$0.11
$0.57
$0.00
Basic (in shares)
191.2M
—
—
166.6M
Diluted (in shares)
191.3M
—
—
166.6M
Balance sheet
McGraw Hill Inc balance sheet, fiscal years
Line item
Mar 31, 2026 · FY
Cash and cash equivalents
$253.5M
Accounts receivable, net of allowance for credit losses of $14,517 and $13,521 as of March 31, 2026 and 2025, respectively
$362.5M
Inventories, net
$195.0M
Prepaid and other current assets
$162.6M
Total current assets
$973.6M
Product development costs, net
$286.0M
Property, plant and equipment, net
$90.4M
Goodwill
$2.5B
Other intangible assets, net
$1.2B
Deferred income taxes
$8.6M
Operating lease right-of-use assets
$44.8M
Other non-current assets
$332.2M
Total assets
$5.5B
Accounts payable
$126.7M
Accrued royalties
$81.4M
Accrued compensation
$108.4M
Deferred revenue
$835.4M
Current portion of long-term debt
$13.2M
Operating lease liabilities
$8.4M
Other current liabilities
$93.1M
Total current liabilities
$1.3B
Long-term debt
$2.6B
Deferred income taxes
$15.2M
Long-term deferred revenue
$836.0M
Non-current lease liabilities
$57.3M
Other non-current liabilities
$23.5M
Total liabilities
$4.8B
Common stock
$1.9M
Additional paid-in capital
$2.0B
Accumulated deficit
($1.2B)
Accumulated other comprehensive income (loss)
($2.5M)
Total stockholders' equity (deficit)
$726.2M
Total liabilities and stockholders' equity (deficit)
$5.5B
McGraw Hill Inc balance sheet, quarters
Line item
Jun 30, 2026
Dec 31, 2025
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$193.6M
$514.4M
$463.2M
$247.3M
Accounts receivable, net of allowance for credit losses of $12,638 and $14,517 as of June 30, 2026 and March 31, 2026, respectively
$377.9M
$242.3M
$666.8M
$444.7M
Inventories, net
$183.2M
$169.7M
$133.0M
$160.7M
Prepaid and other current assets
$133.3M
$142.5M
$161.5M
$139.1M
Total current assets
$888.1M
$1.1B
$1.4B
$991.8M
Product development costs, net
$306.7M
$255.1M
$240.3M
$232.7M
Property, plant and equipment, net
$92.5M
$90.4M
$97.3M
$96.6M
Goodwill
$2.5B
$2.6B
$2.6B
$2.6B
Other intangible assets, net
$1.2B
$1.3B
$1.3B
$1.4B
Deferred income taxes
$8.5M
$7.1M
$7.0M
$7.1M
Operating lease right-of-use assets
$43.2M
$47.9M
$48.2M
$49.9M
Other non-current assets
$343.1M
$331.5M
$329.7M
$328.7M
Total assets
$5.4B
$5.6B
$6.0B
$5.7B
Accounts payable
$118.7M
$113.1M
$125.7M
$117.1M
Accrued royalties
$100.7M
$110.9M
$108.7M
$100.5M
Accrued compensation
$33.6M
$89.1M
$65.8M
$36.0M
Deferred revenue
$732.9M
$813.2M
$966.9M
$737.6M
Current portion of long-term debt
$13.2M
$13.2M
$13.2M
$13.2M
Operating lease liabilities
$7.6M
$8.7M
$8.0M
$8.1M
Other current liabilities
$138.6M
$134.0M
$121.4M
$186.5M
Total current liabilities
$1.1B
$1.3B
$1.4B
$1.2B
Long-term debt
$2.6B
$2.6B
$2.8B
$3.2B
Deferred income taxes
$15.4M
$16.4M
$15.8M
$15.0M
Long-term deferred revenue
$789.2M
$883.7M
$946.6M
$912.6M
Operating lease liabilities
$55.9M
$60.5M
$62.3M
$64.4M
Other non-current liabilities
$23.2M
$20.4M
$19.4M
$21.9M
Total liabilities
$4.6B
$4.9B
$5.3B
$5.4B
Common stock
$1.9M
$1.9M
$1.9M
$1.7M
Additional paid-in capital
$2.0B
$2.0B
$2.0B
$1.6B
Accumulated deficit
($1.2B)
($1.2B)
($1.2B)
($1.3B)
Accumulated other comprehensive income (loss)
($3.9M)
($172.0K)
($460.0K)
$89.0K
Total stockholders' equity (deficit)
$788.4M
$775.3M
$794.6M
$283.3M
Total liabilities and stockholders' equity (deficit)
$5.4B
$5.6B
$6.0B
$5.7B
Cash flow statement
McGraw Hill Inc cash flow statement, fiscal years
Line item
Mar 31, 2026 · FY
Net income (loss)
$35.3M
Amortization of inventory purchase accounting adjustments
$0
Depreciation (including amortization of technology costs)
$82.0M
Amortization of intangibles
$223.6M
Amortization of product development costs
$56.3M
Amortization of capitalized contract costs
$98.6M
Stock-based compensation
$33.7M
Credit losses on accounts receivable
$2.3M
Unrealized (gain) loss on interest rate cap
$0
Inventory obsolescence
$9.2M
Deferred income taxes
($1.1M)
Amortization of debt discount
$13.0M
Amortization of deferred financing costs
$4.9M
(Gain) loss on extinguishment of debt
$25.8M
Gain on disposition
$0
Impairment charge
$39.0M
Accounts receivable
($22.9M)
Inventories
($29.5M)
Prepaid and other current assets
($128.0M)
Accounts payable and accrued expenses
($21.3M)
Deferred revenue
($6.2M)
Other current liabilities
($84.2M)
Other changes in operating assets and liabilities, net
$407.0K
Cash provided by (used for) operating activities
$331.2M
Product development expenditures
($119.0M)
Capital expenditures
($84.9M)
Proceeds from disposition
$0
Acquisition of EssayPop
$0
Cash provided by (used for) investing activities
($203.9M)
Borrowings on 2024 Secured Notes
$0
Borrowings on ABL Revolving Credit Facility
$0
Payment of term loan facility and Secured Notes
($605.6M)
Payment of ABL Revolving Credit Facility
$0
Repurchase of 2022 Unsecured Notes
($39.9M)
Payment of deferred financing costs
$0
Payment of finance lease obligations
($6.7M)
Proceeds from issuance of Common Stock in Initial Public Offering, net of underwriting discounts
$392.9M
Deferred Initial Public Offering costs
($7.0M)
Issuance of Common Stock
$1.5M
Cash provided by (used for) financing activities
($264.9M)
Effect of exchange rate changes on cash
$1.2M
Net change in cash and cash equivalents
($136.3M)
Cash and cash equivalents, at the beginning of the period
$389.8M
Cash and cash equivalents, at the end of the period
$253.5M
Cash paid for interest expense
$207.9M
McGraw Hill Inc cash flow statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · YTD
Sep 30, 2025 · YTD
Jun 30, 2025 · Q1
Net income (loss)
$57.9M
$85.6M
$105.8M
$502.0K
Depreciation (including amortization of technology costs)
$16.3M
$62.2M
$34.9M
$17.2M
Amortization of intangibles
$53.5M
$169.2M
$113.8M
$57.4M
Amortization of product development costs
$13.6M
$45.0M
$32.0M
$13.3M
Amortization of capitalized contract costs
$45.7M
$83.6M
$70.9M
$42.1M
Stock-based compensation
$3.9M
$31.7M
$31.1M
—
Credit losses on accounts receivable
($1.3M)
($529.0K)
$236.0K
($2.3M)
Inventory obsolescence
$4.0M
$8.3M
$8.2M
$3.5M
Deferred income taxes
$255.0K
$845.0K
$942.0K
$864.0K
Amortization of debt discount
$3.2M
$9.9M
$6.8M
$3.4M
Amortization of deferred financing costs
$1.2M
$3.7M
$2.5M
$1.3M
Accounts receivable
($18.0M)
$100.6M
($324.4M)
($105.3M)
Inventories
$7.9M
($3.1M)
$33.5M
$10.5M
Prepaid and other current assets
($16.4M)
($92.8M)
($99.1M)
($28.2M)
Accounts payable and accrued expenses
($63.6M)
($25.3M)
($39.6M)
($91.6M)
Deferred revenue
($149.4M)
$19.0M
$236.1M
($27.6M)
Other current liabilities
$42.3M
($42.1M)
($53.2M)
$12.2M
Other changes in operating assets and liabilities, net
($513.0K)
($3.1M)
($8.5M)
($4.0M)
Cash provided by (used for) operating activities
$601.0K
$477.3M
$168.3M
($96.7M)
Product development expenditures
($34.4M)
($76.7M)
($49.1M)
($22.8M)
Capital expenditures
($23.9M)
($61.0M)
($37.5M)
($16.3M)
Cash provided by (used for) investing activities
($58.3M)
($137.7M)
($86.6M)
($39.1M)
Payment of A&E Term Loan Facility
($3.3M)
($595.6M)
($392.3M)
($3.3M)
Payment of finance lease obligations
($1.7M)
($5.9M)
($3.7M)
($1.7M)
Deferred Initial Public Offering costs
$0
($7.0M)
($5.2M)
($2.4M)
Exercise of stock options
$1.8M
—
—
—
Cash provided by (used for) financing activities
($3.1M)
($215.7M)
($8.4M)
($7.4M)
Effect of exchange rate changes on cash
$956.0K
$646.0K
($67.0K)
$608.0K
Net change in cash and cash equivalents
($59.9M)
$124.6M
$73.4M
($142.5M)
Cash and cash equivalents, at the beginning of the period
$253.5M
$389.8M
$389.8M
$389.8M
Cash and cash equivalents, at the end of the period