What is Hudson Technologies' operating income?

Hudson Technologies' total operating income in 2025 was $18.56 million, based on the following breakdown: Total Gross Profit: $62.10 million Total Operating Expenses: $43.54 million

Hudson Technologies (HDSN) Financials

$5.16 +0.04 (+0.78%)

Closing price 10/13/2026 04:00 PM Eastern

Extended Trading

$5.16 0.00 (0.00%)

As of 04:34 AM Eastern

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Annual Income Statements for Hudson Technologies

This table shows Hudson Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.76	11	11	-56	-26	-5.21	32	104	52	24	17
Consolidated Net Income / (Loss)	4.76	11	11	-56	-26	-5.21	32	104	52	24	17
Net Income / (Loss) Continuing Operations	4.76	11	11	-56	-26	-5.21	32	104	52	24	17
Total Pre-Tax Income	7.71	17	12	-57	-25	-5.39	33	117	70	32	23
Total Operating Income	8.18	19	15	-43	-16	5.90	42	132	78	29	19
Total Gross Profit	18	31	38	-7.37	17	35	72	163	112	66	62
Total Revenue	80	105	140	167	162	148	193	325	289	237	247
Operating Revenue	80	105	140	167	162	148	193	325	289	237	247
Total Cost of Revenue	61	74	102	174	145	112	121	162	178	171	185
Operating Cost of Revenue	61	74	102	174	145	112	121	162	178	171	185
Total Operating Expenses	10	12	23	35	33	30	29	31	33	36	44
Selling, General & Admin Expense	9.80	12	22	32	30	27	27	29	31	33	40
Amortization Expense	0.51	0.49	1.11	2.97	2.93	2.86	2.79	2.79	2.79	3.39	3.30
Total Other Income / (Expense), net	-0.47	-1.68	-3.13	-15	-9.50	-11	-8.91	-14	-8.35	2.73	4.13
Interest & Investment Income	-	-	-	-	-	-	-	-14	-8.35	0.48	2.53
Other Income / (Expense), net	0.30	-0.56	0.03	-	9.41	1.03	2.47	0.00	0.00	2.25	1.60
Income Tax Expense	2.94	6.63	0.85	-1.70	0.66	-0.19	1.14	13	18	7.64	6.02
Basic Earnings per Share	$0.15	$0.31	$0.27	($1.31)	($0.61)	($0.12)	$0.74	$2.31	$1.15	$0.54	$0.38
Weighted Average Basic Shares Outstanding	32.55M	34.10M	41.76M	42.48M	42.61M	42.71M	43.77M	44.99M	45.39M	45.33M	43.59M
Diluted Earnings per Share	$0.14	$0.30	$0.26	($1.31)	($0.61)	($0.12)	$0.69	$2.20	$1.10	$0.52	$0.37
Weighted Average Diluted Shares Outstanding	33.94M	35.42M	42.77M	42.48M	42.61M	42.71M	46.64M	47.11M	47.34M	47.08M	45.11M
Weighted Average Basic & Diluted Shares Outstanding	31.80M	34.30M	42.40M	42.60M	42.63M	43.35M	44.81M	45.33M	45.51M	44.03M	42.47M

This table shows Hudson Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	3.95	9.56	9.59	7.81	-2.57	2.76	10	12	-8.63	0.33	4.95
Consolidated Net Income / (Loss)	3.95	9.56	9.59	7.81	-2.57	2.76	10	12	-8.63	0.33	4.95
Net Income / (Loss) Continuing Operations	3.95	9.56	9.59	7.81	-2.57	2.76	10	12	-8.63	0.33	4.95
Total Pre-Tax Income	4.49	13	13	9.54	-2.72	3.65	13	16	-11	1.60	7.45
Total Operating Income	4.74	13	13	6.97	-3.25	3.08	13	14	-11	1.46	7.40
Total Gross Profit	14	21	23	16	5.77	12	23	24	3.54	12	21
Total Revenue	45	65	75	62	35	55	73	74	44	60	78
Operating Revenue	45	65	75	62	35	55	73	74	44	60	78
Total Cost of Revenue	31	44	53	46	29	43	50	50	41	48	58
Operating Cost of Revenue	31	44	53	46	29	43	50	50	41	48	58
Total Operating Expenses	9.23	8.65	9.77	8.97	9.02	8.99	10	9.71	15	10	13
Selling, General & Admin Expense	8.53	7.95	9.01	8.06	8.00	8.17	9.27	8.88	14	9.53	12
Amortization Expense	0.70	0.70	0.76	0.91	1.02	0.82	0.82	0.82	0.83	0.86	0.86
Total Other Income / (Expense), net	-0.25	-0.21	-0.15	2.57	0.53	0.58	0.65	2.39	0.51	0.13	0.05
Interest & Investment Income	-	-0.21	-0.15	0.32	-	0.58	0.65	0.79	0.51	0.13	0.05
Income Tax Expense	0.55	3.00	3.06	1.73	-0.15	0.89	3.21	3.99	-2.06	1.27	2.50
Basic Earnings per Share	$0.09	$0.21	$0.21	$0.17	($0.05)	$0.06	$0.23	$0.28	($0.19)	$0.01	$0.12
Weighted Average Basic Shares Outstanding	45.39M	45.51M	45.51M	45.44M	45.33M	44.06M	43.63M	43.65M	43.59M	42.32M	42.07M
Diluted Earnings per Share	$0.07	$0.20	$0.20	$0.17	($0.05)	$0.06	$0.23	$0.27	($0.19)	$0.01	$0.12
Weighted Average Diluted Shares Outstanding	47.34M	47.47M	47.28M	47.14M	47.08M	45.62M	45.16M	45.25M	45.11M	42.58M	42.18M
Weighted Average Basic & Diluted Shares Outstanding	45.51M	45.51M	45.52M	45.20M	44.03M	43.48M	43.67M	43.60M	42.47M	42.07M	42.09M

This table details how cash moves in and out of Hudson Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.32	33	-29	-2.73	0.33	-1.25	2.14	1.80	7.15	58	-31
Net Cash From Operating Activities	-11	9.35	18	36	34	12	-1.23	63	59	92	-3.16
Net Cash From Continuing Operating Activities	-11	9.35	18	36	34	12	-1.23	63	59	92	-3.16
Net Income / (Loss) Continuing Operations	4.76	11	11	-56	-26	-5.21	32	104	52	24	17
Consolidated Net Income / (Loss)	4.76	11	11	-56	-26	-5.21	32	104	52	24	17
Depreciation Expense	1.56	1.74	2.27	4.16	4.19	3.23	3.39	3.18	2.99	3.00	2.70
Amortization Expense	0.59	0.64	2.16	6.55	5.72	3.99	3.92	3.88	3.52	3.62	3.52
Non-Cash Adjustments To Reconcile Net Income	0.00	1.10	1.63	28	1.02	-3.39	-4.72	7.92	6.25	3.45	3.13
Changes in Operating Assets and Liabilities, net	-17	-4.77	1.15	53	49	13	-36	-56	-6.46	57	-29
Net Cash From Investing Activities	-3.33	-1.73	-210	-1.09	-1.01	-0.47	-1.92	-3.66	-3.58	-26	-7.29
Net Cash From Continuing Investing Activities	-3.33	-1.73	-210	-1.09	-1.01	-0.47	-1.92	-3.66	-3.58	-26	-7.29
Purchase of Property, Plant & Equipment	-0.89	-1.73	-1.02	-1.09	-1.01	-1.47	-1.92	-3.66	-3.58	-5.30	-5.05
Acquisitions	-2.44	0.00	-209	-	-	-	-	0.00	0.00	-21	-2.24
Net Cash From Financing Activities	14	25	163	-38	-32	-12	5.29	-57	-48	-8.15	-20
Net Cash From Continuing Financing Activities	14	25	163	-38	-32	-12	5.29	-57	-48	-8.15	-20
Repayment of Debt	-0.33	-25	-0.17	-37	-31	-3.01	-5.25	-148	-47	0.00	0.00
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-8.15	-20
Issuance of Common Equity	0.46	51	0.81	0.02	0.01	0.06	0.20	0.18	0.04	0.00	0.05
Other Financing Activities, net	-0.45	-1.49	-2.55	-	-	0.00	-2.66	-0.97	-0.69	-0.01	0.00
Cash Interest Paid	0.70	0.96	2.03	14	15	11	10	12	4.48	0.69	0.52
Cash Income Taxes Paid	0.00	4.99	6.83	-10	-	-0.05	0.13	15	19	8.99	5.75

This table details how cash moves in and out of Hudson Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	8.66	-1.90	20	26	14	11	3.25	5.39	-50	-20	6.23
Net Cash From Operating Activities	15	-0.93	42	30	21	14	6.41	8.81	-33	-13	6.85
Net Cash From Continuing Operating Activities	15	-0.93	42	30	21	14	6.41	8.81	-33	-13	6.85
Net Income / (Loss) Continuing Operations	3.95	9.56	9.59	7.81	-2.57	2.76	10	12	-8.63	0.33	4.95
Consolidated Net Income / (Loss)	3.95	9.56	9.59	7.81	-2.57	2.76	10	12	-8.63	0.33	4.95
Depreciation Expense	0.78	0.74	0.82	0.71	0.72	0.77	0.73	0.60	0.59	0.89	0.88
Amortization Expense	0.76	0.76	0.82	0.97	1.08	0.88	0.88	0.88	0.89	0.91	0.91
Non-Cash Adjustments To Reconcile Net Income	2.16	0.84	2.38	1.85	-1.62	0.41	0.52	-1.39	3.59	-2.50	-1.22
Changes in Operating Assets and Liabilities, net	7.39	-13	28	19	23	9.34	-5.88	-3.66	-29	-12	1.33
Net Cash From Investing Activities	-1.37	-0.96	-22	-1.67	-1.55	-1.41	-0.46	-2.07	-3.35	-1.07	-0.58
Net Cash From Continuing Investing Activities	-1.37	-0.96	-22	-1.67	-1.55	-1.41	-0.46	-2.07	-3.35	-1.07	-0.58
Purchase of Property, Plant & Equipment	-1.37	-0.96	-1.13	-1.67	-1.55	-1.41	-0.46	-2.07	-1.11	-1.07	-0.58
Net Cash From Financing Activities	-5.00	-0.00	-	-2.64	-5.51	-1.83	-2.70	-1.36	-14	-6.21	-0.04
Net Cash From Continuing Financing Activities	-5.00	-0.00	-	-2.64	-5.51	-1.83	-2.70	-1.36	-14	-6.21	-0.04
Other Financing Activities, net	-0.00	-0.00	-	-0.00	-0.00	0.00	-	-	-	-3.72	-0.04
Cash Interest Paid	0.24	0.11	0.21	0.22	0.16	0.10	0.16	0.18	0.09	0.06	0.10
Cash Income Taxes Paid	1.58	0.10	3.45	3.49	1.95	0.18	0.47	3.97	1.12	0.10	2.09

This table presents Hudson Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	85	122	321	228	180	162	216	272	297	303	319
Total Current Assets	69	108	209	124	74	62	120	177	205	196	211
Cash & Equivalents	1.26	34	5.00	2.27	2.60	1.35	3.49	5.30	12	70	39
Accounts Receivable	4.41	4.80	15	14	8.06	9.81	14	21	25	14	17
Inventories, net	62	69	172	102	59	44	94	145	154	96	136
Prepaid Expenses	1.52	0.85	6.93	5.29	4.53	6.53	8.09	5.29	7.49	9.22	12
Current Deferred & Refundable Income Taxes	0.38	0.00	9.66	-	-	-	-	0.00	5.44	6.28	5.92
Plant, Property, & Equipment, net	7.54	7.53	30	27	24	22	20	21	19	22	24
Total Noncurrent Assets	8.01	6.76	82	77	82	78	76	75	72	86	84
Goodwill	0.86	0.86	49	48	48	48	48	48	48	62	65
Intangible Assets	3.79	3.30	32	29	26	23	20	18	15	14	11
Other Noncurrent Operating Assets	0.08	0.08	0.18	0.11	8.24	6.64	7.51	9.73	9.73	9.21	7.61
Total Liabilities & Shareholders' Equity	85	122	321	228	180	162	216	272	297	303	319
Total Liabilities	36	10	198	159	135	121	145	98	68	57	75
Total Current Liabilities	31	10	95	60	46	38	64	53	59	48	65
Accounts Payable	5.79	5.11	11	8.67	10	27	9.62	14	23	8.69	21
Accrued Expenses	3.02	2.89	15	19	18	-	31	28	32	34	39
Current Employee Benefit Liabilities	1.58	1.78	3.05	1.05	0.72	1.39	3.93	6.30	3.62	3.70	4.71
Other Current Liabilities	-	-	-	-	-	-	-	-	0.00	1.60	0.00
Total Noncurrent Liabilities	4.63	0.15	103	99	89	83	80	45	9.35	8.99	11
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	-	-	-	0.00	1.60
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.00	1.47	0.44	1.19	1.36	1.69	0.24	4.56	4.08	4.03
Other Noncurrent Operating Liabilities	0.33	-	-	0.00	5.74	3.93	5.50	5.76	4.79	4.92	5.03
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	49	112	123	69	45	41	71	175	229	246	243
Total Preferred & Common Equity	49	112	123	69	45	41	71	175	229	246	243
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	49	112	123	69	45	41	71	175	229	246	243
Common Stock	62	114	115	116	118	119	117	117	119	111	92
Retained Earnings	-13	-2.43	8.73	-47	-73	-78	-46	58	110	135	151

This table presents Hudson Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	291	294	301	309	308	318	339	309	322
Total Current Assets	198	203	195	204	201	213	234	203	218
Cash & Equivalents	3.78	11	31	56	81	84	90	19	26
Accounts Receivable	45	36	30	29	27	36	25	33	43
Inventories, net	139	148	124	104	78	78	97	131	128
Prepaid Expenses	10	7.55	7.46	11	8.80	12	18	14	14
Current Deferred & Refundable Income Taxes	-	1.69	2.55	3.65	5.75	3.09	4.28	5.67	6.97
Plant, Property, & Equipment, net	21	19	19	20	22	22	23	23	22
Total Noncurrent Assets	73	71	87	86	84	83	82	83	82
Goodwill	48	48	62	62	62	62	62	65	65
Intangible Assets	15	14	16	15	13	12	12	10	9.58
Other Noncurrent Operating Assets	9.46	9.34	8.87	8.44	8.75	8.31	7.89	7.59	6.89
Total Liabilities & Shareholders' Equity	291	294	301	309	308	318	339	309	322
Total Liabilities	67	56	52	56	61	63	73	71	79
Total Current Liabilities	57	47	42	47	52	55	64	60	68
Accounts Payable	17	14	9.94	11	11	13	20	18	22
Accrued Expenses	30	31	30	32	36	38	42	40	41
Current Employee Benefit Liabilities	5.03	2.19	2.45	3.91	3.13	2.08	1.84	2.74	2.96
Other Current Liabilities	-	-	-	-	1.60	1.60	0.00	-	1.00
Total Noncurrent Liabilities	9.69	8.19	9.94	8.97	8.67	8.27	9.02	11	11
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	-	-	1.21	0.77
Noncurrent Deferred & Payable Income Tax Liabilities	4.52	3.71	4.18	3.54	4.25	4.33	5.54	4.95	7.02
Other Noncurrent Operating Liabilities	5.17	4.49	5.76	5.43	4.42	3.94	3.49	4.96	3.51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	225	239	249	254	247	255	266	238	243
Total Preferred & Common Equity	225	239	249	254	247	255	266	238	243
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	225	239	249	254	247	255	266	238	243
Common Stock	118	119	119	117	109	107	106	86	87
Retained Earnings	106	120	129	137	137	148	160	152	157

This table displays calculated financial ratios and metrics derived from Hudson Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	32,686,196.00	34,042,964.00	42,039,452.00	85,198,862.00	42,628,560.00	42,664,274.00	43,969,748.00	45,075,912.00	45,502,380.00	-	43,598,202.00
DEI Adjusted Shares Outstanding	32,686,196.00	34,042,964.00	42,039,452.00	85,198,862.00	42,628,560.00	42,664,274.00	43,969,748.00	45,075,912.00	45,502,380.00	-	43,598,202.00
DEI Earnings Per Adjusted Shares Outstanding	0.15	0.31	0.27	-0.65	-0.61	-0.12	0.73	2.30	1.15	-	0.38
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	42.85%	32.31%	33.09%	18.62%	-2.68%	-8.92%	30.58%	68.73%	-11.13%	-17.96%	4.00%
EBITDA Growth	9,928.30%	95.32%	-5.64%	-262.82%	111.08%	300.57%	267.80%	166.08%	-38.89%	-54.93%	-30.89%
EBIT Growth	961.22%	116.70%	-17.53%	-381.06%	85.04%	208.85%	545.45%	193.71%	-40.56%	-59.64%	-36.11%
NOPAT Growth	833.28%	130.88%	20.48%	-312.07%	62.96%	137.41%	888.70%	185.09%	-49.78%	-61.86%	-38.90%
Net Income Growth	761.53%	123.33%	4.89%	-598.87%	53.39%	79.92%	719.41%	221.77%	-49.67%	-53.32%	-31.66%
EPS Growth	800.00%	114.29%	-13.33%	-603.85%	53.44%	80.33%	675.00%	218.84%	-50.00%	-52.73%	-28.85%
Operating Cash Flow Growth	-717.46%	189.00%	96.47%	97.82%	-6.91%	-65.44%	-110.51%	5,215.23%	-6.79%	56.82%	-103.44%
Free Cash Flow Firm Growth	-102.70%	144.14%	-3,183.44%	130.57%	-24.98%	-56.99%	-65.47%	879.76%	-14.77%	14.44%	-123.18%
Invested Capital Growth	35.82%	7.40%	264.38%	-31.11%	-28.13%	-10.56%	27.08%	32.31%	1.65%	-18.77%	16.06%
Revenue Q/Q Growth	-0.94%	0.46%	13.63%	0.67%	0.02%	-2.41%	8.85%	3.06%	-0.89%	-4.13%	4.12%
EBITDA Q/Q Growth	6.02%	-4.42%	-21.00%	13.82%	155.69%	12.80%	38.24%	-2.60%	-1.39%	-12.53%	-20.23%
EBIT Q/Q Growth	6.69%	-5.38%	-32.73%	11.87%	57.13%	144.43%	43.45%	-1.67%	-2.94%	-15.38%	-23.99%
NOPAT Q/Q Growth	-2.66%	-2.97%	-6.62%	11.87%	-6.18%	108.03%	36.63%	-1.53%	-4.22%	-24.01%	-30.67%
Net Income Q/Q Growth	1.21%	-7.83%	-22.72%	-5.50%	-11.45%	53.63%	51.29%	-1.06%	-2.13%	-21.07%	-26.69%
EPS Q/Q Growth	7.69%	-11.76%	-16.13%	-5.65%	-12.96%	55.56%	53.33%	-0.90%	-3.51%	-18.75%	-27.45%
Operating Cash Flow Q/Q Growth	-24.27%	283.59%	30.77%	-12.55%	11.59%	-52.06%	-783.45%	23.74%	26.41%	6.59%	-106.31%
Free Cash Flow Firm Q/Q Growth	29.55%	51,924.23%	-1,759.09%	138.20%	11.45%	-44.55%	-21.09%	22.64%	22.48%	8.95%	-135.70%
Invested Capital Q/Q Growth	6.38%	-2.77%	239.93%	-3.94%	-8.58%	3.43%	11.75%	1.52%	-4.20%	-10.99%	15.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.19%	29.47%	27.06%	-4.42%	10.59%	23.99%	37.18%	50.09%	38.58%	27.71%	25.18%
EBITDA Margin	13.33%	19.68%	13.96%	-19.15%	2.18%	9.59%	27.02%	42.61%	29.30%	16.10%	10.70%
Operating Margin	10.26%	17.96%	10.78%	-25.59%	-9.74%	4.00%	21.95%	40.44%	27.05%	12.36%	7.53%
EBIT Margin	10.64%	17.43%	10.80%	-25.59%	-3.93%	4.70%	23.23%	40.44%	27.05%	13.31%	8.17%
Profit (Net Income) Margin	5.97%	10.08%	7.95%	-33.42%	-16.01%	-3.53%	16.74%	31.92%	18.08%	10.29%	6.76%
Tax Burden Percent	61.80%	61.61%	92.94%	97.03%	102.59%	96.57%	96.59%	88.58%	74.83%	76.15%	73.45%
Interest Burden Percent	90.85%	93.92%	79.18%	134.63%	396.74%	-77.74%	74.59%	89.11%	89.32%	101.51%	112.56%
Effective Tax Rate	38.20%	38.39%	7.06%	0.00%	0.00%	0.00%	3.41%	11.42%	25.17%	23.85%	26.55%
Return on Invested Capital (ROIC)	7.97%	15.41%	7.72%	-12.36%	-6.53%	3.08%	28.43%	62.35%	27.26%	11.38%	7.18%
ROIC Less NNEP Spread (ROIC-NNEP)	6.22%	36.20%	3.21%	-30.17%	-19.82%	-7.16%	18.65%	42.50%	-21.77%	6.36%	1.64%
Return on Net Nonoperating Assets (RNNOA)	2.22%	-2.24%	1.75%	-45.42%	-38.85%	-15.23%	29.40%	22.10%	-1.37%	-1.11%	-0.37%
Return on Equity (ROE)	10.20%	13.18%	9.48%	-57.78%	-45.38%	-12.15%	57.83%	84.45%	25.89%	10.28%	6.81%
Cash Return on Invested Capital (CROIC)	-22.40%	8.28%	-106.14%	24.49%	26.20%	14.23%	4.58%	34.53%	25.63%	32.10%	-7.68%
Operating Return on Assets (OROA)	11.71%	17.72%	6.83%	-15.50%	-3.12%	4.06%	23.73%	53.87%	27.47%	10.53%	6.49%
Return on Assets (ROA)	6.57%	10.25%	5.03%	-20.25%	-12.70%	-3.05%	17.10%	42.52%	18.36%	8.14%	5.37%
Return on Common Equity (ROCE)	10.20%	13.18%	9.48%	-57.78%	-45.38%	-12.15%	57.83%	84.45%	25.89%	10.28%	6.81%
Return on Equity Simple (ROE_SIMPLE)	9.64%	9.50%	9.04%	-80.42%	-57.50%	-12.82%	45.47%	59.36%	0.00%	9.92%	0.00%
Net Operating Profit after Tax (NOPAT)	5.06	12	14	-30	-11	4.13	41	116	58	22	14
NOPAT Margin	6.34%	11.07%	10.02%	-17.91%	-6.82%	2.80%	21.20%	35.82%	20.24%	9.41%	5.53%
Net Nonoperating Expense Percent (NNEP)	1.76%	-20.78%	4.52%	17.81%	13.29%	10.25%	9.78%	19.85%	49.03%	5.03%	5.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	53.41%	25.57%	9.08%	5.60%
Cost of Revenue to Revenue	76.81%	70.53%	72.94%	104.42%	89.41%	76.01%	62.82%	49.91%	61.42%	72.29%	74.82%
SG&A Expenses to Revenue	12.29%	11.05%	15.49%	19.38%	18.52%	18.05%	13.78%	8.79%	10.57%	13.92%	16.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.93%	11.51%	16.28%	21.16%	20.33%	19.99%	15.23%	9.65%	11.53%	15.35%	17.65%
Earnings before Interest and Taxes (EBIT)	8.48	18	15	-43	-6.37	6.94	45	132	78	32	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	21	20	-32	3.54	14	52	139	85	38	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.96	2.43	2.07	0.55	0.92	1.14	2.75	2.61	2.68	1.03	1.23
Price to Tangible Book Value (P/TBV)	2.17	2.53	6.14	0.00	0.00	0.00	70.25	4.17	3.69	1.49	1.79
Price to Revenue (P/Rev)	1.22	2.59	1.82	0.23	0.26	0.32	1.01	1.40	2.12	1.06	1.21
Price to Earnings (P/E)	20.38	25.64	22.87	0.00	0.00	0.00	6.05	4.39	11.75	10.34	17.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.91%	3.90%	4.37%	0.00%	0.00%	0.00%	16.52%	22.76%	8.51%	9.67%	5.58%
Enterprise Value to Invested Capital (EV/IC)	1.65	3.05	1.46	0.84	0.98	1.05	1.77	2.32	2.78	1.04	1.27
Enterprise Value to Revenue (EV/Rev)	1.51	2.27	2.97	0.99	0.85	0.90	1.48	1.52	2.08	0.77	1.05
Enterprise Value to EBITDA (EV/EBITDA)	11.35	11.52	21.31	0.00	39.06	9.35	5.47	3.57	7.10	4.77	9.83
Enterprise Value to EBIT (EV/EBIT)	14.23	13.01	27.54	0.00	0.00	19.09	6.37	3.76	7.69	5.77	12.86
Enterprise Value to NOPAT (EV/NOPAT)	23.87	20.48	29.69	0.00	0.00	32.05	6.98	4.24	10.28	8.16	19.01
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	25.58	22.73	4.56	4.08	11.33	0.00	7.87	10.27	1.98	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	38.14	0.00	2.80	3.11	6.95	43.30	7.66	10.94	2.89	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.00	1.36	1.88	2.19	2.15	1.32	0.25	0.00	0.00	0.00
Long-Term Debt to Equity	0.09	0.00	0.82	1.42	1.82	1.92	1.03	0.22	0.00	0.00	0.00
Financial Leverage	0.36	-0.06	0.55	1.51	1.96	2.13	1.58	0.52	0.06	-0.17	-0.22
Leverage Ratio	1.55	1.29	1.89	2.85	3.57	3.99	3.38	1.99	1.41	1.26	1.27
Compound Leverage Factor	1.41	1.21	1.49	3.84	14.18	-3.10	2.52	1.77	1.26	1.28	1.43
Debt to Total Capital	33.47%	0.31%	57.55%	65.25%	68.69%	68.24%	56.83%	19.82%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	27.69%	0.18%	22.76%	15.90%	11.80%	7.28%	12.32%	1.95%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	5.78%	0.14%	34.78%	49.34%	56.89%	60.96%	44.51%	17.87%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.53%	99.69%	42.45%	34.75%	31.31%	31.76%	43.17%	80.18%	100.00%	100.00%	100.00%
Debt to EBITDA	2.34	0.02	8.54	-4.07	28.00	6.16	1.79	0.31	0.00	0.00	0.00
Net Debt to EBITDA	2.22	-1.62	8.29	-4.00	27.27	6.07	1.73	0.27	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.40	0.01	5.16	-3.08	23.19	5.51	1.40	0.28	0.00	0.00	0.00
Debt to NOPAT	4.92	0.03	11.90	-4.36	-8.96	21.12	2.29	0.37	0.00	0.00	0.00
Net Debt to NOPAT	4.67	-2.88	11.54	-4.28	-8.72	20.80	2.20	0.33	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.85	0.01	7.19	-3.29	-7.42	18.87	1.79	0.33	0.00	0.00	0.00
Altman Z-Score	3.23	17.94	1.83	0.30	0.59	0.79	2.40	6.43	8.38	5.00	4.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.24	10.50	2.19	2.05	1.61	1.65	1.86	3.36	3.50	4.09	3.26
Quick Ratio	0.18	3.76	0.21	0.27	0.23	0.30	0.27	0.50	0.64	1.75	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	6.27	-193	59	44	19	6.59	65	55	63	-15
Operating Cash Flow to CapEx	-1,181.44%	539.41%	1,797.06%	3,327.01%	3,345.30%	795.03%	-63.89%	1,716.73%	1,635.39%	1,732.28%	-62.59%
Free Cash Flow to Firm to Interest Expense	-18.30	5.61	-61.25	4.01	2.34	1.55	0.58	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-13.53	8.36	5.82	2.46	1.79	0.95	-0.11	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-14.68	6.81	5.50	2.39	1.74	0.83	-0.28	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	1.02	0.63	0.61	0.79	0.86	1.02	1.33	1.02	0.79	0.79
Accounts Receivable Turnover	19.02	22.90	14.30	11.53	14.65	16.52	16.04	18.53	12.56	12.22	16.05
Inventory Turnover	1.24	1.14	0.85	1.27	1.80	2.16	1.75	1.36	1.18	1.37	1.59
Fixed Asset Turnover	10.34	14.00	7.39	5.76	6.35	6.48	9.18	16.00	14.47	11.59	10.92
Accounts Payable Turnover	14.72	13.65	12.80	17.78	15.30	6.01	6.60	13.65	9.45	10.68	12.38
Days Sales Outstanding (DSO)	19.19	15.94	25.52	31.67	24.92	22.09	22.75	19.69	29.07	29.86	22.74
Days Inventory Outstanding (DIO)	294.81	320.13	429.69	288.04	203.04	168.68	208.91	269.28	308.24	266.92	229.63
Days Payable Outstanding (DPO)	24.80	26.74	28.51	20.52	23.86	60.73	55.29	26.74	38.62	34.17	29.48
Cash Conversion Cycle (CCC)	289.19	309.32	426.70	299.18	204.09	130.04	176.37	262.23	298.70	262.61	222.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	73	78	286	197	142	127	161	213	216	176	204
Invested Capital Turnover	1.26	1.39	0.77	0.69	0.96	1.10	1.34	1.74	1.35	1.21	1.30
Increase / (Decrease) in Invested Capital	19	5.40	207	-89	-55	-15	34	52	3.51	-41	28
Enterprise Value (EV)	121	239	418	166	138	132	285	494	601	182	259
Market Capitalization	97	273	255	38	42	47	195	456	614	252	299
Book Value per Share	$1.51	$3.29	$2.94	$1.62	$1.06	$0.95	$1.61	$3.88	$5.03	$5.44	$5.58
Tangible Book Value per Share	$1.37	$3.17	$0.99	($0.19)	($0.67)	($0.71)	$0.06	$2.43	$3.65	$3.75	$3.83
Total Capital	74	112	291	199	144	128	164	218	229	246	243
Total Debt	25	0.35	167	130	99	87	93	43	0.00	0.00	0.00
Total Long-Term Debt	4.29	0.15	101	98	82	78	73	39	0.00	0.00	0.00
Net Debt	24	-34	162	128	96	86	90	38	-12	-70	-39
Capital Expenditures (CapEx)	0.89	1.73	1.02	1.09	1.01	1.47	1.92	3.66	3.58	5.30	5.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	58	64	175	93	43	32	72	123	134	78	107
Debt-free Net Working Capital (DFNWC)	59	98	180	95	45	34	76	128	146	148	146
Net Working Capital (NWC)	39	98	114	63	28	24	56	124	146	148	146
Net Nonoperating Expense (NNE)	0.29	1.04	2.91	26	15	9.34	8.60	13	6.25	-2.08	-3.04
Net Nonoperating Obligations (NNO)	24	-34	162	128	96	86	90	38	-12	-70	-39
Total Depreciation and Amortization (D&A)	2.15	2.38	4.43	11	9.91	7.22	7.31	7.06	6.51	6.62	6.22
Debt-free, Cash-free Net Working Capital to Revenue	72.53%	60.81%	124.49%	55.59%	26.35%	21.91%	37.49%	37.87%	46.36%	32.71%	43.30%
Debt-free Net Working Capital to Revenue	74.11%	92.98%	128.05%	56.96%	27.96%	22.82%	39.30%	39.50%	50.67%	62.29%	59.30%
Net Working Capital to Revenue	48.30%	92.79%	80.89%	37.94%	17.46%	16.51%	28.80%	38.19%	50.67%	62.29%	59.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.31	$0.27	($1.31)	($0.61)	($0.12)	$0.74	$2.31	$1.15	$0.54	$0.38
Adjusted Weighted Average Basic Shares Outstanding	32.55M	34.10M	41.76M	42.48M	42.61M	42.71M	43.77M	44.99M	45.39M	45.33M	43.59M
Adjusted Diluted Earnings per Share	$0.14	$0.30	$0.26	($1.31)	($0.61)	($0.12)	$0.69	$2.20	$1.10	$0.52	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	33.94M	35.42M	42.77M	42.48M	42.61M	42.71M	46.64M	47.11M	47.34M	47.08M	45.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.85M	41.52M	42.40M	42.60M	42.63M	43.35M	44.81M	45.33M	45.51M	44.03M	42.47M
Normalized Net Operating Profit after Tax (NOPAT)	5.06	12	14	-30	-11	4.13	41	116	58	22	14
Normalized NOPAT Margin	6.34%	11.07%	10.02%	-17.91%	-6.82%	2.80%	21.20%	35.82%	20.24%	9.41%	5.53%
Pre Tax Income Margin	9.67%	16.37%	8.55%	-34.45%	-15.60%	-3.65%	17.33%	36.03%	24.16%	13.51%	9.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.93	16.44	4.80	-2.89	-0.34	0.56	3.94	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	6.52	10.44	4.46	-2.02	-0.58	0.34	3.59	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	9.79	14.89	4.48	-2.96	-0.39	0.44	3.77	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	5.37	8.89	4.13	-2.10	-0.64	0.22	3.42	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	48.27%	-1.88%	-5.19%	0.00%	0.00%	8.20%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	48.27%	-1.88%	-5.19%	0.00%	0.00%	8.20%	0.00%	33.40%	121.64%

This table displays calculated financial ratios and metrics derived from Hudson Technologies' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	45,502,380.00	45,510,925.00	45,510,925.00	45,521,739.00	-	44,025,108.00	43,480,721.00	43,668,370.00	43,598,202.00	42,468,822.00	42,068,788.00
DEI Adjusted Shares Outstanding	45,502,380.00	45,510,925.00	45,510,925.00	45,521,739.00	-	44,025,108.00	43,480,721.00	43,668,370.00	43,598,202.00	42,468,822.00	42,068,788.00
DEI Earnings Per Adjusted Shares Outstanding	0.09	0.21	0.21	0.17	-	0.06	0.23	0.28	-0.20	0.01	0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.45%	-15.48%	-16.79%	-19.02%	-22.77%	-15.18%	-3.23%	19.48%	28.19%	8.69%	7.54%
EBITDA Growth	-16.01%	-41.43%	-50.85%	-55.82%	-123.03%	-66.88%	-0.72%	56.43%	-573.96%	-31.01%	-35.87%
EBIT Growth	-33.29%	-43.61%	-53.72%	-60.11%	-168.48%	-75.93%	-0.58%	68.80%	-245.29%	-52.39%	-41.86%
NOPAT Growth	-41.54%	-42.49%	-52.92%	-65.90%	-154.61%	-76.11%	-0.28%	85.13%	-245.29%	-86.98%	-49.18%
Net Income Growth	-22.34%	-38.43%	-50.05%	-42.53%	-165.02%	-71.16%	6.08%	58.52%	-236.57%	-88.03%	-51.35%
EPS Growth	-36.36%	-39.39%	-51.22%	-41.38%	-171.43%	-70.00%	15.00%	58.82%	-280.00%	-83.33%	-47.83%
Operating Cash Flow Growth	436.94%	-108.75%	294.78%	35.90%	37.79%	1,617.26%	-84.65%	-70.89%	-257.15%	-190.46%	6.80%
Free Cash Flow Firm Growth	101.45%	109.39%	683.85%	6,027.94%	5,807.84%	6,197.82%	173.97%	-6.85%	-194.07%	-180.85%	-173.72%
Invested Capital Growth	1.65%	3.97%	-4.89%	-12.57%	-18.77%	-27.31%	-21.85%	-10.74%	16.06%	31.69%	27.67%
Revenue Q/Q Growth	-41.36%	45.47%	15.37%	-17.72%	-44.07%	59.75%	31.63%	1.60%	-40.00%	35.44%	30.25%
EBITDA Q/Q Growth	-74.58%	127.64%	1.12%	-24.49%	-113.25%	427.42%	203.11%	18.98%	-157.08%	133.52%	181.73%
EBIT Q/Q Growth	-79.50%	169.54%	0.17%	-27.93%	-135.19%	194.73%	313.79%	22.35%	-171.99%	113.06%	405.33%
NOPAT Q/Q Growth	-75.14%	133.72%	-0.25%	-41.17%	-139.82%	202.23%	316.43%	9.22%	-174.26%	103.86%	1,524.96%
Net Income Q/Q Growth	-70.95%	142.38%	0.24%	-18.56%	-132.86%	207.52%	268.67%	21.70%	-169.77%	103.82%	1,399.09%
EPS Q/Q Growth	-75.86%	185.71%	0.00%	-15.00%	-129.41%	220.00%	283.33%	17.39%	-170.37%	105.26%	1,100.00%
Operating Cash Flow Q/Q Growth	-32.52%	-106.21%	4,576.74%	-27.53%	-31.58%	-31.64%	-54.70%	37.41%	-469.30%	60.65%	153.49%
Free Cash Flow Firm Q/Q Growth	16.62%	58.09%	1,939.80%	62.95%	12.43%	68.52%	-11.26%	-44.59%	-213.53%	-44.85%	19.09%
Invested Capital Q/Q Growth	-4.20%	5.42%	-4.35%	-9.51%	-10.99%	-5.66%	2.84%	3.36%	15.73%	7.05%	-0.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.14%	32.83%	29.98%	25.74%	16.67%	21.81%	31.31%	31.99%	7.98%	19.70%	26.41%
EBITDA Margin	13.98%	21.88%	19.17%	17.60%	-4.17%	8.54%	19.67%	23.04%	-21.91%	5.42%	11.73%
Operating Margin	10.57%	19.58%	17.00%	11.26%	-9.37%	5.56%	17.47%	18.87%	-25.24%	2.43%	9.44%
EBIT Margin	10.57%	19.58%	17.00%	14.89%	-9.37%	5.56%	17.47%	21.03%	-25.24%	2.43%	9.44%
Profit (Net Income) Margin	8.79%	14.65%	12.73%	12.60%	-7.40%	4.98%	13.96%	16.72%	-19.44%	0.55%	6.31%
Tax Burden Percent	87.78%	76.12%	75.79%	81.84%	94.34%	75.54%	76.02%	75.64%	80.72%	20.66%	66.45%
Interest Burden Percent	94.81%	98.33%	98.81%	103.42%	83.76%	118.73%	105.12%	105.09%	95.42%	109.08%	100.64%
Effective Tax Rate	12.22%	23.88%	24.21%	18.16%	0.00%	24.46%	23.98%	24.36%	0.00%	79.34%	33.55%
Return on Invested Capital (ROIC)	12.50%	18.46%	15.08%	10.77%	-7.93%	4.84%	15.36%	18.10%	-22.95%	0.66%	8.31%
ROIC Less NNEP Spread (ROIC-NNEP)	10.80%	16.58%	16.91%	3.17%	-7.22%	3.89%	14.50%	15.62%	-21.51%	0.60%	8.25%
Return on Net Nonoperating Assets (RNNOA)	0.68%	0.67%	-0.46%	-0.37%	1.26%	-0.73%	-3.31%	-4.39%	4.82%	-0.13%	-1.82%
Return on Equity (ROE)	13.18%	19.13%	14.62%	10.40%	-6.68%	4.11%	12.05%	13.70%	-18.13%	0.53%	6.49%
Cash Return on Invested Capital (CROIC)	25.63%	19.05%	23.09%	27.29%	32.10%	39.20%	32.18%	21.87%	-7.68%	-21.27%	-20.64%
Operating Return on Assets (OROA)	10.73%	18.58%	14.84%	12.26%	-7.41%	4.19%	12.69%	15.37%	-20.04%	1.98%	7.58%
Return on Assets (ROA)	8.93%	13.91%	11.12%	10.38%	-5.86%	3.76%	10.14%	12.21%	-15.43%	0.45%	5.07%
Return on Common Equity (ROCE)	13.18%	19.13%	14.62%	10.40%	-6.68%	4.11%	12.05%	13.70%	-18.13%	0.53%	6.49%
Return on Equity Simple (ROE_SIMPLE)	0.00%	19.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	4.16	9.72	9.70	5.71	-2.27	2.32	9.67	11	-7.85	0.30	4.92
NOPAT Margin	9.28%	14.90%	12.89%	9.21%	-6.56%	4.20%	13.28%	14.27%	-17.67%	0.50%	6.27%
Net Nonoperating Expense Percent (NNEP)	1.69%	1.88%	-1.83%	7.60%	-0.71%	0.95%	0.86%	2.48%	-1.44%	0.05%	0.06%
Return On Investment Capital (ROIC_SIMPLE)	1.82%	4.08%	3.90%	2.25%	-0.92%	0.94%	3.80%	3.97%	-3.22%	0.13%	2.02%
Cost of Revenue to Revenue	68.86%	67.17%	70.02%	74.26%	83.33%	78.19%	68.69%	68.01%	92.02%	80.30%	73.59%
SG&A Expenses to Revenue	19.02%	12.18%	11.97%	13.01%	23.09%	14.76%	12.72%	12.00%	31.35%	15.84%	15.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.58%	13.25%	12.98%	14.48%	26.04%	16.25%	13.85%	13.11%	33.22%	17.26%	16.97%
Earnings before Interest and Taxes (EBIT)	4.74	13	13	9.22	-3.25	3.08	13	16	-11	1.46	7.40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.27	14	14	11	-1.44	4.73	14	17	-9.73	3.26	9.19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.68	2.10	1.61	1.50	1.03	1.10	1.39	1.63	1.23	1.05	0.99
Price to Tangible Book Value (P/TBV)	3.69	2.84	2.35	2.15	1.49	1.59	1.96	2.26	1.79	1.54	1.43
Price to Revenue (P/Rev)	2.12	1.81	1.53	1.54	1.06	1.20	1.57	1.83	1.21	0.99	0.94
Price to Earnings (P/E)	11.75	10.83	10.91	12.29	10.34	15.45	19.43	19.07	17.92	17.54	26.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.51%	9.24%	9.17%	8.14%	9.67%	6.47%	5.15%	5.24%	5.58%	5.70%	3.73%
Enterprise Value to Invested Capital (EV/IC)	2.78	2.15	1.69	1.64	1.04	1.15	1.58	1.95	1.27	1.06	0.99
Enterprise Value to Revenue (EV/Rev)	2.08	1.77	1.41	1.31	0.77	0.84	1.20	1.45	1.05	0.92	0.84
Enterprise Value to EBITDA (EV/EBITDA)	7.10	6.58	6.19	7.41	4.77	7.23	10.23	10.40	9.83	9.88	11.88
Enterprise Value to EBIT (EV/EBIT)	7.69	7.18	6.92	8.67	5.77	9.72	13.76	12.97	12.86	13.59	18.57
Enterprise Value to NOPAT (EV/NOPAT)	10.28	9.56	9.14	11.01	8.16	12.78	18.07	17.49	19.01	19.70	30.29
Enterprise Value to Operating Cash Flow (EV/OCF)	10.27	10.45	4.73	3.75	1.98	1.78	3.76	6.87	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	10.94	11.51	7.15	5.60	2.89	2.47	4.30	8.42	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.06	0.04	-0.03	-0.12	-0.17	-0.19	-0.23	-0.28	-0.22	-0.21	-0.22
Leverage Ratio	1.41	1.36	1.30	1.26	1.26	1.24	1.23	1.25	1.27	1.27	1.28
Compound Leverage Factor	1.34	1.34	1.29	1.30	1.06	1.47	1.29	1.31	1.21	1.39	1.29
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.56	7.70	6.81	6.23	4.62	4.65	5.44	5.68	4.25	4.17	3.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.50	4.30	4.60	4.37	4.09	3.84	3.88	3.66	3.26	3.38	3.23
Quick Ratio	0.64	0.98	1.44	1.83	1.75	2.07	2.19	1.80	0.88	0.88	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.65	1.03	21	34	38	65	57	32	-36	-52	-42
Operating Cash Flow to CapEx	1,101.03%	-97.19%	3,712.71%	1,815.72%	1,337.73%	1,003.26%	1,382.11%	426.32%	-2,931.80%	-1,192.27%	1,189.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	0.95	0.87	0.82	0.79	0.75	0.73	0.73	0.79	0.82	0.80
Accounts Receivable Turnover	12.56	7.42	6.60	6.73	12.22	7.17	6.79	8.79	16.05	8.25	6.49
Inventory Turnover	1.18	1.23	1.34	1.43	1.37	1.51	1.67	1.72	1.59	1.81	1.92
Fixed Asset Turnover	14.47	13.96	13.42	12.17	11.59	10.90	10.88	11.05	10.92	11.23	11.58
Accounts Payable Turnover	9.45	12.08	12.60	12.44	10.68	13.66	14.55	11.11	12.38	13.14	11.08
Days Sales Outstanding (DSO)	29.07	49.20	55.34	54.22	29.86	50.91	53.77	41.54	22.74	44.23	56.21
Days Inventory Outstanding (DIO)	308.24	297.86	271.81	255.45	266.92	241.46	218.56	212.56	229.63	201.27	190.49
Days Payable Outstanding (DPO)	38.62	30.23	28.97	29.35	34.17	26.72	25.09	32.85	29.48	27.78	32.94
Cash Conversion Cycle (CCC)	298.70	316.84	298.18	280.33	262.61	265.66	247.24	221.25	222.89	217.72	213.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	216	228	218	197	176	166	170	176	204	218	218
Invested Capital Turnover	1.35	1.24	1.17	1.17	1.21	1.15	1.16	1.27	1.30	1.31	1.32
Increase / (Decrease) in Invested Capital	3.51	8.70	-11	-28	-41	-62	-48	-21	28	53	47
Enterprise Value (EV)	601	491	370	323	182	191	269	344	259	230	216
Market Capitalization	614	501	400	380	252	272	353	434	299	250	241
Book Value per Share	$5.03	$5.24	$5.46	$5.58	$5.44	$5.61	$5.86	$6.09	$5.58	$5.60	$5.78
Tangible Book Value per Share	$3.65	$3.88	$3.74	$3.88	$3.75	$3.89	$4.14	$4.40	$3.83	$3.81	$4.00
Total Capital	229	239	249	254	246	247	255	266	243	238	243
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-12	-11	-31	-56	-70	-81	-84	-90	-39	-19	-26
Capital Expenditures (CapEx)	1.37	0.96	1.13	1.67	1.55	1.41	0.46	2.07	1.11	1.07	0.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	146	122	100	78	68	73	81	107	124	125
Debt-free Net Working Capital (DFNWC)	146	156	152	157	148	149	158	170	146	143	151
Net Working Capital (NWC)	146	156	152	157	148	149	158	170	146	143	151
Net Nonoperating Expense (NNE)	0.22	0.16	0.12	-2.10	0.29	-0.44	-0.49	-1.81	0.79	-0.03	-0.03
Net Nonoperating Obligations (NNO)	-12	-11	-31	-56	-70	-81	-84	-90	-39	-19	-26
Total Depreciation and Amortization (D&A)	1.53	1.50	1.64	1.68	1.80	1.65	1.61	1.48	1.48	1.80	1.79
Debt-free, Cash-free Net Working Capital to Revenue	46.36%	52.54%	46.50%	40.62%	32.71%	29.89%	32.69%	34.05%	43.30%	49.16%	48.67%
Debt-free Net Working Capital to Revenue	50.67%	56.35%	58.16%	63.46%	62.29%	65.56%	70.20%	71.91%	59.30%	56.86%	58.64%
Net Working Capital to Revenue	50.67%	56.35%	58.16%	63.46%	62.29%	65.56%	70.20%	71.91%	59.30%	56.86%	58.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.21	$0.21	$0.17	($0.05)	$0.06	$0.23	$0.28	($0.19)	$0.01	$0.12
Adjusted Weighted Average Basic Shares Outstanding	45.39M	45.51M	45.51M	45.44M	45.33M	44.06M	43.63M	43.65M	43.59M	42.32M	42.07M
Adjusted Diluted Earnings per Share	$0.07	$0.20	$0.20	$0.17	($0.05)	$0.06	$0.23	$0.27	($0.19)	$0.01	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	47.34M	47.47M	47.28M	47.14M	47.08M	45.62M	45.16M	45.25M	45.11M	42.58M	42.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.51M	45.51M	45.52M	45.20M	44.03M	43.48M	43.67M	43.60M	42.47M	42.07M	42.09M
Normalized Net Operating Profit after Tax (NOPAT)	4.16	9.72	9.70	5.71	-2.27	2.32	9.67	11	-7.85	1.02	4.92
Normalized NOPAT Margin	9.28%	14.90%	12.89%	9.21%	-6.56%	4.20%	13.28%	14.27%	-17.67%	1.70%	6.27%
Pre Tax Income Margin	10.02%	19.25%	16.80%	15.40%	-7.85%	6.60%	18.36%	22.10%	-24.08%	2.66%	9.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	8.53%	33.40%	56.74%	69.80%	50.35%	121.64%	147.01%	202.14%

Financials Breakdown Chart

Key Financial Trends

Hudson Technologies’ second-quarter 2026 results showed a sharp sequential recovery, but profitability remained below the prior-year period. Revenue increased to $78.3 million from $60.2 million in Q1 2026 and $72.8 million in Q2 2025. Operating income rose to $7.4 million from $1.5 million in the prior quarter, while net income reached $4.9 million, or $0.12 per diluted share, compared with $0.3 million, or $0.01 per share, in Q1. However, net income declined from $10.2 million, or $0.23 per diluted share, in Q2 2025.

The company’s gross margin was approximately 26.4% in Q2 2026, down from 31.3% in Q2 2025. This suggests that stronger sales did not fully translate into profitability. Cash flow also improved significantly on a sequential basis: operating cash flow was $6.8 million in Q2 after a $12.8 million outflow in Q1. Hudson ended June with $25.6 million in cash, while total liabilities remained relatively modest at $78.8 million compared with $243.3 million of equity. Still, cash is substantially below the $89.7 million reported at the end of Q3 2025, highlighting the company’s significant working-capital swings.

Strong sequential rebound: Q2 2026 revenue rose 30% from Q1, and operating income increased more than fivefold to $7.4 million.
Return to positive operating cash flow: Hudson generated $6.8 million of operating cash flow in Q2 2026, reversing the $12.8 million outflow recorded in Q1.
Healthy liquidity and equity base: The company reported $25.6 million of cash, $218.2 million of current assets and $243.3 million of total equity against $78.8 million of liabilities.
Share count continues to contract: Weighted-average basic shares declined to 42.1 million in Q2 2026 from 43.6 million in Q2 2025, supported by ongoing share repurchases.
Limited reported debt burden: The latest balance sheet does not show material short-term or long-term debt, reducing interest-rate and refinancing risk.
Working capital remains volatile: Inventory was $128.1 million at June 30, down modestly from Q1 but up substantially from $77.7 million a year earlier. Accounts receivable also increased to $43.3 million from $35.9 million in Q2 2025.
Cash generation is seasonal and uneven: Operating cash flow was positive in Q2 2026, Q3 2025 and most earlier quarters, but Hudson recorded sizable outflows in Q1 2026 and Q4 2025.
Year-over-year earnings deterioration: Q2 2026 net income fell approximately 51% from Q2 2025 despite higher revenue, and diluted EPS dropped from $0.23 to $0.12.
Gross-margin compression: The gross margin declined by nearly five percentage points year over year as cost of revenue rose faster than sales.
Cash balance has fallen sharply from its recent peak: Cash declined from $89.7 million in Q3 2025 to $25.6 million at the end of Q2 2026, reflecting large cash uses from working capital, share repurchases and investing activities.

Overall, the statements point to a financially solvent company with a strong Q2 rebound and low reported leverage, but earnings remain exposed to margin pressure and working-capital volatility. Investors should watch whether Hudson can sustain positive operating cash flow, reduce inventory and restore year-over-year profit growth in coming quarters.

10/14/26 03:37 AM ETAI Generated. May Contain Errors.

Hudson Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hudson Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Hudson Technologies' net income appears to be on an upward trend, with a most recent value of $16.67 million in 2025, rising from $4.76 million in 2015. The previous period was $24.39 million in 2024. Find out what analysts predict for Hudson Technologies in the coming months.

Hudson Technologies' total operating income in 2025 was $18.56 million, based on the following breakdown:

Total Gross Profit: $62.10 million
Total Operating Expenses: $43.54 million

Over the last 10 years, Hudson Technologies' total revenue changed from $79.72 million in 2015 to $246.61 million in 2025, a change of 209.3%.

In the past 11 quarters, Hudson Technologies' cash and equivalents has ranged from $3.78 million in Q3 2023 to $89.68 million in Q3 2025, and is currently $25.60 million as of their latest financial filing in Q2 2026.

Hudson Technologies had total debt of $0.00 at the end of 2025, compared with none in 2024, and a 100.0% decrease since 2015.

Over the last 10 years, Hudson Technologies' book value per share changed from 1.51 in 2015 to 5.58 in 2025, a change of 269.2%.

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Financial statements for NASDAQ:HDSN last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hudson Technologies (HDSN) Financials

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