Mastech Digital, Inc. reported a total revenue of $191.4 million for the fiscal year ending December 31, 2025, reflecting a 3.8% decline from $198.9 million in 2024. The company's profitability also saw a decrease, with net income of $609,000 compared to $3.4 million in the previous year. The decline in revenue was primarily attributed to a 9.1% drop in the Data and Analytics Services segment, which generated $33.3 million, down from $36.6 million in 2024. The IT Staffing Services segment experienced a smaller decline of 2.6%, bringing in $158.1 million, down from $162.3 million.
The company noted significant operational changes, including a transition of its finance and accounting functions from the U.S. to India, which was completed by the end of 2025. This strategic move is expected to yield annualized cost savings of approximately $1.2 million starting in 2026. Additionally, Mastech Digital has been focusing on enhancing its capabilities in artificial intelligence and machine learning technologies, launching a new ServiceNow practice in 2024 to support these initiatives.
Mastech Digital's customer base remains concentrated, with the top ten clients accounting for 58% of total revenues in 2025, up from 54% in 2024. The financial services sector continues to dominate, representing approximately 54% of total revenues, compared to 49% in the previous year. The company ended 2025 with 840 billable consultants, a decrease of 16.7% from 1,008 at the end of 2024, which contributed to the decline in revenue.
Looking ahead, Mastech Digital anticipates that demand for its services will be influenced by broader economic conditions and client confidence levels. The company is preparing for potential challenges, including macroeconomic uncertainties and competitive pricing pressures that could further impact project activity and staffing demand. Despite these challenges, Mastech Digital remains committed to leveraging its expertise in high-demand digital transformation skills to drive future growth.
About Mastech Digital, Inc.
Mastech Digital, Inc. provides digital transformation IT services, including data and analytics solutions, digital learning, and IT staffing. Serving primarily North American clients across industries like finance, healthcare, and retail, it offers data management, cloud, AI, and staffing services through its Data & Analytics and IT Staffing segments. The company leverages offshore resources, proprietary methodologies, and strategic partnerships to deliver high-quality, cost-effective technology solutions.
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