Hub Group Says Q2 10-Q Will Be Late Due to Restatement Delay

What happened

Hub Group, Inc. (HUBG), a freight and cargo transportation arrangement company, notified the SEC on August 11, 2026, that it will not file its quarterly report on Form 10-Q for the quarter ended June 30, 2026, by the required deadline.

In a Form 12b-25 (NT 10-Q), the company said the delay stems from the late filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. That annual report is itself delayed because the company is restating its consolidated financial statements for 2024 and 2023, as well as for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025.

The company also said it is still working through its financial close and audit for 2025. It expects to file the Q2 2026 Form 10-Q only after the 2025 Form 10-K and the Q1 2026 Form 10-Q are filed.

On the day of the filing, Hub Group's stock rose 5.82% to close at $40.21, with volume of about 3.87 million shares, over four times its average volume.

Why the delay matters

Hub Group is restating prior financials, but the filing does not say what accounting issues triggered the restatement. It notes that the company has not completed the restatement for the quarter ended June 30, 2025, and therefore cannot yet estimate how its Q2 2026 results will compare to the same quarter last year.

The filing also states that the company may find additional accounting issues during its ongoing review, and that adjustments may arise from the 2025 audit. The company's most recent annual and quarterly reports are also listed as not yet filed.

Because the Q2 2025 results are part of the restatement, the company cannot provide a reason for any expected change in results for the quarter, according to the filing.

What this means

A Form 12b-25, also known as an NT 10-Q, is a notification filed with the SEC when a company cannot file its required quarterly report on time. It is an extension request: under SEC rules, a company that files this form gets five extra calendar days to file a Form 10-Q. Here, Hub Group is using it because its Q2 2026 report is tied up with the delayed 2025 annual report.

The restatement covers financial statements for 2024 and 2023, plus the first three quarters of 2025. Restating means the company is revising previously issued financial results, usually because errors or misstatements were found. The filing does not say what errors were found or how large they are.

The company says it expects to file the Q2 2026 Form 10-Q 'as soon as practicable' after the 2025 Form 10-K and the Q1 2026 Form 10-Q are filed. Until then, investors do not have updated quarterly financials for Hub Group, and the company has not provided any estimate of what the restated numbers will show.

The stock price rose on the day of the filing, but the filing itself does not explain why investors bought. The price move could be related to many factors not mentioned in the filing.