HUHUTECH International Group Inc. (NASDAQ: HUHU) reported a 8.6% increase in total revenue to $10.67 million for the six months ended June 30, 2026, compared to $9.82 million in the prior-year period. The company's revenue growth was driven by significant contributions from its operations in the United States, Germany, and Singapore, which generated $3.69 million, up from zero revenue in the first half of 2025. China revenue grew 29.4% to $4.97 million, while Japan revenue declined to $2.01 million due to a planned contraction.
Gross profit increased to $3.37 million, up 7.3% from $3.14 million, with a gross margin of 31.6%, slightly below the 32.0% margin reported in the prior-year period. Operating expenses rose to $20.20 million from $11.75 million, primarily due to increased share-based compensation, credit loss provisions, and consulting and audit fees. The company reported a net loss of $16.65 million, or $0.68 per share, compared to a net loss of $8.73 million, or $0.38 per share, in the prior-year period. Non-cash share-based compensation of $13.87 million and a $2.03 million provision for credit losses accounted for $15.90 million of the reported loss.
The company completed 104 system integration projects during the period, compared to 220 a year earlier, with an average contract value of $86,719, up from $42,727. As of June 30, 2026, HUHUTECH held $3.58 million in cash, $4.20 million in working capital, and approximately $4.5 million in total bank loan balances.
On January 13, 2026, the company issued 1,390,000 ordinary shares with a fair value of $13.87 million as part of its 2025 Equity Incentive Plan. A registered direct offering completed on May 5, 2026, generated gross proceeds of $3.0 million through the sale of 400,000 ordinary shares at $1.50 per share and pre-funded warrants to purchase up to 1,600,000 ordinary shares.
