Hub (US:HUBG) Globenewswire·2026-02-07 01:12Core Viewpoint - Hub Group, Inc. is facing scrutiny due to a restatement of its financial statements for the first three quarters of 2025, which has led to a significant drop in its stock price following the announcement of the issue [2]. Financial Performance - In 2025, Hub Group reported revenues of $3.7 billion [1]. - The company announced preliminary fourth quarter and full year results after the market closed on February 5, 2026 [2]. Financial Restatement - Hub Group disclosed that it would restate its financial statements for the first three quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable [2]. - The total amount of the reduction to accounts payable and purchased transportation costs related to this issue is $77 million [2]. Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price fell by $9.37 per share, closing at $41.96 on February 6, 2026, which represents an 18.3% decline on heavy trading volume [2].