Hub Group Receives Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
Rhea-AI Summary
Hub Group (Nasdaq:HUBG) received an expected Nasdaq deficiency notice on May 19, 2026 for not timely filing its Form 10-Q for the quarter ended March 31, 2026, as required by Listing Rule 5250(c)(1).
The notice does not immediately affect listing or trading. Nasdaq granted a 180-day exception, until September 14, 2026, to regain compliance. Hub Group is working to complete restatements for 2023–2024 and 2025 quarterly periods and to file its 2025 Form 10-K before filing the delayed Form 10-Q.
AI-generated analysis. Not financial advice.
Positive
- No immediate impact on Nasdaq listing or trading status
- 180-day Nasdaq exception period granted until September 14, 2026
- Company intends to regain compliance within the exception period
- Ongoing work to complete multiple financial statement restatements and 2025 Form 10-K
Negative
- Non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed Form 10-Q
- Outstanding restatements for 2023–2024 and several 2025 quarters
- Form 10-Q for quarter ended March 31, 2026 remains unfiled
- Deadline of September 14, 2026 to regain Nasdaq listing rule compliance
News Market Reaction – HUBG
On the day this news was published, HUBG gained 1.92%, reflecting a mild positive market reaction. This price movement added approximately $45M to the company's valuation, bringing the market cap to $2.38B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
HUBG gained 6.23% while peers showed modest mixed moves (e.g., LSTR +1.77%, GXO -0.38%). This points to a stock-specific reaction rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 12 | Late 10-Q update | Negative | -12.5% | Form 12b-25 for Q1 2026 and broad financial restatements announced. |
| Mar 24 | Business & Nasdaq notice | Neutral | +0.8% | Q1 business update plus disclosure of Nasdaq deficiency for late 10-K. |
| Mar 03 | Late 10-K filing | Negative | +0.6% | Form 12b-25 for 2025 10-K and plan to restate 2025 quarters. |
| Feb 26 | Dividend declaration | Positive | +0.1% | Quarterly cash dividend of $0.125 per share, annualized $0.50. |
| Feb 05 | Prelim 2025 results | Negative | -18.3% | Preliminary 2025 results and material error requiring restatement of 2025 quarters. |
Regulatory and restatement-related disclosures have often coincided with sharp negative moves, while operational or dividend updates saw muted to mildly positive reactions.
Over the past few months, Hub Group’s news flow has centered on restatements, delayed SEC filings, and Nasdaq deficiency notices, alongside ongoing business updates. The February 2025 preliminary results and May 2026 late-filing updates triggered notable declines of -18.25% and -12.52%. In contrast, a February 2026 dividend declaration and business updates saw only small positive moves. Today’s notice reiterates the same compliance theme, with Nasdaq already having granted an exception period until September 14, 2026.
Market Pulse Summary
This announcement confirms Hub Group received an expected Nasdaq deficiency notice tied to its delayed Form 10-Q for the quarter ended March 31, 2026, with no immediate impact on listing status. The company already has a 180-day exception, until September 14, 2026, to regain compliance. It continues restating financials for 2023, 2024, and several 2025 quarters and plans to file the 2025 Form 10-K before the Q1 2026 Form 10-Q. Investors may watch for timely completion of these filings and any further regulatory updates.
Key Terms
nasdaq listing rule 5250(c)(1) regulatory
form 10-q regulatory
form 10-k regulatory
restatements financial
nasdaq stock market llc regulatory
AI-generated analysis. Not financial advice.
OAK BROOK, Ill., May 21, 2026 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) today announced that on May 19, 2026, as expected, it received a notice indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”). The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.
The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. As previously disclosed, the Nasdaq Stock Market LLC (“Nasdaq”) has granted a 180-day exception period, or until September 14, 2026, for the Company to regain compliance with the Listing Rule. The Company intends to regain compliance on or prior to such date.
Hub Group continues to work diligently to complete the restatements of its financial statements for the years ended December 31, 2024 and 2023 and the quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025 and to file its Form 10-K for the year ended December 31, 2025. The Company expects to file the Form 10-Q for the quarter ended March 31, 2026 as soon as practicable after the filing of the Form 10-K.
Certain Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements, provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of the restatement of the Company’s financial statements for the impacted periods and the filing of its Form 10-K for the year ended December 31, 2025 and its Form 10-Q for the quarterly period ended March 31, 2026, Hub Group’s plans to regain compliance with Nasdaq’s listing rules, and any other statements regarding Hub Group’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that might cause the actual performance of Hub Group to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the Company’s ability to complete the previously-announced restatement of its financial statements; the impact that further delays in the financial close process or the related audit may have on Hub Group’s business, financial condition and results of operations, and other risks discussed under the “Risk Factors” section in Hub Group’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. These forward-looking statements speak only as of the date hereof and Hub Group assumes no obligation to update any such forward-looking statements.
About Hub Group
Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG), our approximately 6,000 employees and drivers across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com.
CONTACT: Garrett Holland, InvestorRelations@hubgroup.com
