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Hudson Technologies Inc (HDSN) stock

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NASDAQ: HDSN Nasdaq Trading Companies & Distributors Next results ~January 20, 2027

C+ Fundamentals grade

Hudson Technologies Inc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($16.55) is 3.84x the share price ($4.30) and 3.74x the median of our other models ($4.43); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($16.55) is 3.84x the share price ($4.30) and 3.74x the median of our other models ($4.43); the other models don't support a gap this wide. We'll show the comparison once resolved.

Hudson Technologies Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders10 buying, 1 selling31 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds71 adding, 81 cuttingOf 33 active managers that changed their stake, 11 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hudson Technologies files

Where Hudson Technologies stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $257m, up 14.3% on a year earlier, faster than the 10.7% growth a quarter earlier. Free-cash-flow margin fell to -13.4% from 29.6% a year earlier. Operating margin narrowed to 4.5% from 8.7%. The diluted share count is down 5.4% on a year earlier, which lifts each remaining share. It passes 2 of our 2 financial-health checks.

Our model value for Hudson Technologies is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

Hudson Technologies Inc's trailing-twelve-month revenue grew 14.3% year on year, with a free-cash-flow margin of -13.4%. Where it stands out: change in share count of -5.4% ranks 3 of 27 trading companies & distributors companies we cover. Where it lags: free-cash-flow margin of -13.4% ranks 28 of 32 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$17 per share in the base case (~$13–$22 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 52% in the quarter to 2026-09-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 3.6 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 5.4% in a year, so each share owns more of the business.

Things to watch

  • Margins narrowing. Operating margin is down 4.2 points on a year ago.
  • Burning cash. Free cash flow was -13.4% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 51% and a beta of 1.4 against the S&P 500.
  • Weak cash conversion. Free cash flow was -383% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 23.3% ranks 21 of 26 trading companies & distributors companies we cover (median 28.9%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.05 against an average estimate of $0.10: missed by 52.4%
Revenue
$78m, up 7.5% on a year earlier
Share reaction
-16.0% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate -$0.05

Hudson Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.9%
  • 1 week-19.3%
  • 1 month-19.1%
  • This year-38.2%
  • 1 year-53.4%
  • 5 years+15.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$257M
Operating margin
4.5%
Net margin
3.5%
EPS (TTM, diluted)
$0.21

Growth

Revenue growth
+14.3%
Change in growth rate
+3.6 pts
Share count change
−5.4%

Cash

Free cash flow (TTM)
-$34.5M
FCF margin
-13.4%
Stock pay % of revenue
0.5%

Earnings

Last results
October 28, 2026
Next results (est.)
January 20, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hudson Technologies Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($16.55) is 3.84x the share price ($4.30) and 3.74x the median of our other models ($4.43); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of Hudson Technologies Inc's free cash flow after stock-based pay ( $34.7M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Hudson Technologies Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.99 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$17 ~$13–$22 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$4.4 ~$3.9–$6.4 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$52 ~$36–$75 Left out: out of range vs price (12.21x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$26 ~$23–$31 Left out: out of range vs price (6.24x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hudson Technologies Inc with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.97$8.01$6.07$0.89$0.98$1.09$4.44$10.12$13.49$5.58$6.85$4.23
Market value$101m$284m$260m$38m$42m$47m$207m$477m$639m$263m$309m$184m
+ Net debt (− = net cash)$24m−$33m$166m$134m$103m$93m$97m$46m−$7m−$70m−$39m−$26m
Enterprise value$124m$250m$426m$171m$144m$140m$304m$523m$631m$193m$270m$159m
Multiples
Price / sales 1.3x2.7x1.8x0.2x0.3x0.3x1.1x1.5x2.2x1.1x1.3x0.7x
Price / earnings 21.2x26.7x23.3x———6.4x4.6x12.2x10.8x18.5x20.5x
Price / free cash flow —37.3x15.0x1.1x1.3x4.6x—8.1x11.6x3.0x——
EV / EBITDA 12.8x12.1x24.5x——15.3x6.6x3.9x7.8x6.0x12.7x10.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Hudson Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 4.3% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 26.9%, moving by 15.1 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 9.5%; its worst year was -31.1%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 8 of 10 years, at a median 15.3% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.4% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (41 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.18 −59% $247m +0%
Next $0.32 +78% $259m +5%

Next year's EPS estimate has moved −22.9% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −47.8% on 90 days ago. In the last 30 days, 0 analysts raised Hudson Technologies Inc's forecast and 1 cut it.

Consensus EPS forecast Hudson Technologies Inc, last 90 days
$0.10 $0.20 $0.30 $0.40 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.34 Current fiscal year, 60 days ago: $0.17 Current fiscal year, 30 days ago: $0.17 Current fiscal year, 7 days ago: $0.17 Current fiscal year, Now: $0.18 $0.18 Next fiscal year, 90 days ago: $0.41 Next fiscal year, 60 days ago: $0.28 Next fiscal year, 30 days ago: $0.28 Next fiscal year, 7 days ago: $0.28 Next fiscal year, Now: $0.32 $0.32

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.34$0.41
60 days ago $0.17$0.28
30 days ago $0.17$0.28
7 days ago $0.17$0.28
Now $0.18$0.32

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.10 $0.05 −52.4%
Jun 2026 $0.17 $0.12 −27.3%
Mar 2026 $0.05 $0.01 −80.0%
Dec 2025 −$0.09 −$0.13 −52.9%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Hudson Technologies Inc's revenue by +2.1% next year and +5.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-1.5%, weight 45%) and the company's own record (+5.2%, weight 55%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy250%
Hold250%
Sell00%

Monthly trend

  1. Oct 2026224
  2. Sep 2026224
  3. Aug 2026224

Counts of recommendations published by analysts covering Hudson Technologies Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.2%
of tradable shares
Days to cover
6.78
at average volume
Short interest, 1 month
−9%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
13.7%
of shares
Employees
281
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −53.4%

$9.08 on October 31, 2025 to $4.23

ThenNowEffect
Revenue (last 12 months) $225m $257m +14.3%
Net margin 8.1% 3.5% −56.6%
P/E multiple 23.0x 20.5x −11.2%
Share count 46m 44m +5.7%

Biggest factor: net margin.

Last 3 years −65.8%

$12.37 on November 3, 2023 to $4.23

ThenNowEffect
Revenue (last 12 months) $305m $257m −15.7%
Net margin 22.7% 3.5% −84.5%
P/E multiple 8.5x 20.5x +141.8%
Share count 47m 44m +8.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HDSN+307%+128%+33%−59%+23%−38%
Industry peers (median)+34%−13%+28%+0%+2%+14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HDSN92%58%50%17%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HDSN−27%−38%−33%−65%−37%−45%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 97% from September 6, 2017 to August 23, 2019. Getting back needed a 2945% gain, reached on May 17, 2022, 998 days after the low.

Price behaviour

52-week range
$4.23 – $9.06
From 52-week high
−53.3%
vs 50-day average
−18.5%
vs 200-day average
−28.4%
Volatility (1 year)
51%
Beta vs S&P 500
1.36

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±12.0%
After a week
4 up, 7 down
typical move ±14.4%
After a month
3 up, 8 down
typical move ±13.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −16.0% 0.0% — —
August 5, 2026 −10.4% −0.4% −11.4% −16.9%
May 6, 2026 −15.7% +1.1% −21.8% −14.8%
March 4, 2026 −11.1% +0.1% −16.9% −18.2%
November 5, 2025 −21.1% −0.7% −15.2% −13.9%
November 3, 2025 −6.5% −1.0% −23.0% −15.9%
July 30, 2025 +9.4% −0.5% +15.2% +19.8%
May 7, 2025 +16.2% +1.1% +13.1% +6.6%
March 6, 2025 +3.8% −1.2% +6.4% −2.5%
November 4, 2024 −20.2% +1.0% −22.8% −18.6%
August 6, 2024 +5.9% +0.2% +5.8% +6.1%
May 1, 2024 −8.3% +0.6% −7.2% −10.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Hudson Technologies Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hudson Technologies Inc
$220M $240M $260M $280M $300M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $291.6M Revenue (TTM), FY23 Q4: $289M Revenue (TTM), FY24 Q1: $277.1M Revenue (TTM), FY24 Q2: $261.9M Revenue (TTM), FY24 Q3: $247.3M Revenue (TTM), FY24 Q4: $237.1M Revenue (TTM), FY25 Q1: $227.2M Revenue (TTM), FY25 Q2: $224.8M Revenue (TTM), FY25 Q3: $236.8M Revenue (TTM), FY25 Q4: $246.6M Revenue (TTM), FY26 Q1: $251.4M Revenue (TTM), FY26 Q2: $256.9M $256.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $291.6M
FY23 Q4 $289M
FY24 Q1 $277.1M
FY24 Q2 $261.9M
FY24 Q3 $247.3M
FY24 Q4 $237.1M
FY25 Q1 $227.2M
FY25 Q2 $224.8M
FY25 Q3 $236.8M
FY25 Q4 $246.6M
FY26 Q1 $251.4M
FY26 Q2 $256.9M
Revenue growth, TTM YoY Hudson Technologies Inc
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -7.6% Revenue growth, TTM YoY, FY23 Q4: -11.1% Revenue growth, TTM YoY, FY24 Q1: -12.9% Revenue growth, TTM YoY, FY24 Q2: -14.0% Revenue growth, TTM YoY, FY24 Q3: -15.2% Revenue growth, TTM YoY, FY24 Q4: -18.0% Revenue growth, TTM YoY, FY25 Q1: -18.0% Revenue growth, TTM YoY, FY25 Q2: -14.2% Revenue growth, TTM YoY, FY25 Q3: -4.2% Revenue growth, TTM YoY, FY25 Q4: 4.0% Revenue growth, TTM YoY, FY26 Q1: 10.7% Revenue growth, TTM YoY, FY26 Q2: 14.3% 14.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -7.6%
FY23 Q4 -11.1%
FY24 Q1 -12.9%
FY24 Q2 -14.0%
FY24 Q3 -15.2%
FY24 Q4 -18.0%
FY25 Q1 -18.0%
FY25 Q2 -14.2%
FY25 Q3 -4.2%
FY25 Q4 4.0%
FY26 Q1 10.7%
FY26 Q2 14.3%
Operating margin (TTM) Hudson Technologies Inc
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 27.6% Operating margin (TTM), FY23 Q4: 27.0% Operating margin (TTM), FY24 Q1: 24.6% Operating margin (TTM), FY24 Q2: 20.4% Operating margin (TTM), FY24 Q3: 15.1% Operating margin (TTM), FY24 Q4: 12.4% Operating margin (TTM), FY25 Q1: 8.6% Operating margin (TTM), FY25 Q2: 8.7% Operating margin (TTM), FY25 Q3: 11.2% Operating margin (TTM), FY25 Q4: 7.5% Operating margin (TTM), FY26 Q1: 6.7% Operating margin (TTM), FY26 Q2: 4.5% 4.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 27.6%
FY23 Q4 27.0%
FY24 Q1 24.6%
FY24 Q2 20.4%
FY24 Q3 15.1%
FY24 Q4 12.4%
FY25 Q1 8.6%
FY25 Q2 8.7%
FY25 Q3 11.2%
FY25 Q4 7.5%
FY26 Q1 6.7%
FY26 Q2 4.5%
FCF margin (TTM) Hudson Technologies Inc
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.5% FCF margin (TTM), FY23 Q4: 19.0% FCF margin (TTM), FY24 Q1: 15.5% FCF margin (TTM), FY24 Q2: 28.0% FCF margin (TTM), FY24 Q3: 32.8% FCF margin (TTM), FY24 Q4: 36.5% FCF margin (TTM), FY25 Q1: 44.5% FCF margin (TTM), FY25 Q2: 29.6% FCF margin (TTM), FY25 Q3: 18.8% FCF margin (TTM), FY25 Q4: -3.3% FCF margin (TTM), FY26 Q1: -13.9% FCF margin (TTM), FY26 Q2: -13.4% -13.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.5%
FY23 Q4 19.0%
FY24 Q1 15.5%
FY24 Q2 28.0%
FY24 Q3 32.8%
FY24 Q4 36.5%
FY25 Q1 44.5%
FY25 Q2 29.6%
FY25 Q3 18.8%
FY25 Q4 -3.3%
FY26 Q1 -13.9%
FY26 Q2 -13.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hudson Technologies took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $247M
  2. Other income $4.1M · 1.7%
  3. Cost of revenue $185M · 74.8%
  4. Gross profit $62.1M · 25.2%
  5. Selling, general and admin $40.2M · 16.3%
  6. Other operating costs $3.3M · 1.3%
  7. Operating income $18.6M · 7.5%
  8. Income tax $6M · 2.4%
  9. Net income $16.7M · 6.8%

Shares of revenue. Source: Hudson Technologies's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 37 44 56 59 56 80 105 140 167 162 148 193 325 289 237 247 257
Gross profit 8 9 23 −1 6 18 31 38 −7 17 35 72 163 112 66 62 60
EBITDA 3 3 15 −8 −0 10 21 17 −38 −12 9 46 135 81 32 21 15
Operating income 2 3 15 −8 −1 8 19 15 −43 −16 6 42 132 78 29 19 12
Net income 1 1 13 −6 −1 5 11 11 −56 −26 −5 32 104 52 24 17 9
Diluted EPS $0.03 $0.04 $0.49 −$0.24 −$0.02 $0.14 $0.30 $0.26 −$1.31 −$0.61 −$0.12 $0.69 $2.20 $1.10 $0.52 $0.37 $0.21
Growth (year on year)
Revenue — +18.9% +27.4% +3.9% −4.8% +42.8% +32.3% +33.1% +18.6% −2.7% −8.9% +30.6% +68.7% −11.1% −18.0% +4.0% +14.3%
EBITDA — +12.4% +410.3% −149.7% — — +112.3% −15.9% −320.9% — — +400.0% +194.8% −39.7% −60.2% −34.2% −35.1%
Operating income — +17.5% +488.6% −157.0% — — +131.6% −20.1% −381.6% — — +616.5% +210.9% −40.6% −62.5% −36.7% −40.5%
Net income — — +>999% −145.6% — — +123.3% +4.9% −598.9% — — — +221.8% −49.7% −53.3% −31.7% −50.4%
Diluted EPS — — +>999% −149.0% — — +114.3% −13.3% −603.8% — — — +218.8% −50.0% −52.7% −28.8% −47.5%
Margins
Gross margin 21.5% 19.6% 39.9% −1.2% 11.5% 23.2% 29.5% 27.1% −4.4% 10.6% 24.0% 37.2% 50.1% 38.6% 27.7% 25.2% 23.3%
EBITDA margin 7.2% 6.8% 27.3% −13.1% −0.0% 12.2% 19.6% 12.4% −23.1% −7.2% 6.2% 23.7% 41.4% 28.1% 13.6% 8.6% 5.7%
Operating margin 5.8% 5.7% 26.4% −14.5% −1.8% 10.3% 18.0% 10.8% −25.6% −9.7% 4.0% 21.9% 40.4% 27.0% 12.4% 7.5% 4.5%
Net margin 1.9% 2.3% 22.7% −10.0% −1.3% 6.0% 10.1% 7.9% −33.4% −16.0% −3.5% 16.7% 31.9% 18.1% 10.3% 6.8% 3.5%
Free-cash-flow margin 6.8% −0.7% −18.6% −11.9% 1.8% −14.3% 7.2% 12.4% 21.2% 20.2% 6.9% −1.6% 18.2% 19.0% 36.5% −3.3% −13.4%
Cash flow
Cash from operations 3 1 −9 −6 2 −11 9 18 36 34 12 −1 63 59 92 −3 −30
Capital spending 1 1 1 1 1 1 2 1 1 1 1 2 4 4 5 5 5
Free cash flow 3 −0 −11 −7 1 −11 8 17 35 33 10 −3 59 55 87 −8 −35
Stock-based pay 0 0 0 0 1 0 1 1 1 2 1 1 1 2 1 1 1
Free cash flow after stock pay 2 −0 −11 −7 0 −12 7 16 34 31 10 −4 58 53 86 −9 −36
Balance sheet
Cash 4 4 4 1 1 1 34 5 2 3 1 3 5 12 70 39 26
Total debt 6 9 18 20 11 25 1 171 136 105 94 100 51 5 0 0 0
Net debt (negative = net cash) 2 5 14 19 10 24 −33 166 134 103 93 97 46 −7 −70 −39 −26
Diluted shares 24m 25m 26m 25m 29m 34m 35m 43m 42m 43m 43m 47m 47m 47m 47m 45m 44m
Returned to shareholders
Buybacks — — — — — — — — — — — — — — 8 20 18
Total returned — — — — — — — — — — — — — — 8 20 18

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $322m
Short-term assets $218mLonger-term assets $104m
What it owes, and who funded it · $322m
Short-term liabilities $68mLonger-term liabilities $11mShareholders' equity $243m
  • Short-term assets cover short-term liabilities $218m of assets due within a year against $68m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $218m short-term assets against $11m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hudson Technologies Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$18M
Returned to shareholders
-52%
of free cash flow
Diluted share count
−5.4%
year over year
Total shareholder yield
10.1%
dividends 0.0% + buybacks 10.1% of market value
Sales & admin spending
17.4%
of revenue
Days sales outstanding
61 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated HDSN ASLE NPKI GPUS WLFC GWAV Median
Revenue, last 12 months $257m $304m $308m $130m $765m $61m $2.2bn
Revenue growth, last 12 months 14.3% −13.4% 18.8% 28.4% 17.3% 71.8% 8.4%
Revenue growth, 3-year average −5.5% 1.1% 18.7% −4.9% 28.2% 23.9% 5.1%
Revenue growth, latest quarter 7.5% −33.9% 10.8% 34.8% −0.8% 45.5% 9.0%
Gross margin 23.3% 28.9% 35.6% 26.1% 84.7% 31.6% 28.3%
Operating margin 4.5% 0.6% 17.0% −69.3% 15.7% −25.1% 5.5%
Operating margin, 3-year average 11.2% 1.4% 7.4% −64.2% 19.1% −64.7% 6.4%
Net margin 3.5% −1.2% 14.0% −71.0% 12.0% −27.7% 3.5%
Cash from operations / revenue −11.6% −10.2% 22.1% −50.2% 35.6% −3.5% 4.9%
Free-cash-flow margin −13.4% −11.6% 3.4% −79.8% 32.9% −18.0% 2.4%
Free-cash-flow margin, 3-year average 14.7% −11.7% −4.6% −42.3% 42.2% −42.9% 3.1%
Stock pay / revenue 0.5% 1.4% 2.4% 0.8% 6.2% 2.5% 0.5%
Change in share count −5.4% −7.9% −0.7% 47.3% 4.5% 107.7% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth 14.3% 8.5% 11 of 32
Change in growth rate Growth +3.6pp +0.8pp 5 of 32
Gross margin Profitability 23.3% 28.9% 21 of 26
Operating margin Profitability 4.5% 5.5% 16 of 28
Net margin Profitability 3.5% 3.5% 16 of 32
Free-cash-flow margin Cash generation -13.4% 2.8% 28 of 32
Stock pay as % of revenue Cash generation 0.5% 0.5% 15 of 29
Change in share count Balance sheet -5.4% -0.8% 3 of 27
Days sales outstanding Balance sheet 61 days 57 days 17 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $239M 96.0% ▲ 4.0%
Services $7.2M 2.9% ▲ 4.3%
Management Service $2.9M 1.2% ▲ 26.1%

From Hudson Technologies Inc's 10-K filed March 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$181M
Institutions reporting
151
Shares held vs prior quarter
▼ 4.2%
Positions opened / closed
25 / 30

Top buyers and sellers, Q2 2026: 71 institutions bought and 81 sold ; the biggest buyer was Hartree Partners, LP (+612K shares) and the biggest seller New South Capital Management Inc (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hartree Partners, LP $25.3M 4.4M 14.0% ▲ 16.1%
Westerly Capital Management, LLC $19.4M 3.4M 10.7% ▲ 6.5%
Blackrock, Inc. $16.3M 2.8M 9.0% ▼ 0.8%
Dimensional Fund Advisors LP $11.3M 2.0M 6.2% ▼ 8.4%
Vanguard Capital Management LLC $9.5M 1.7M 5.2% ▼ 0.4%
Renaissance Technologies LLC $8.3M 1.4M 4.6% ▼ 4.1%
American Century Companies Inc $6.7M 1.2M 3.7% ▼ 21.4%
Geode Capital Management, LLC $5.7M 995K 3.1% ▲ 4.9%
State Street Corp $5.1M 896K 2.8% ▼ 0.2%
Arrowstreet Capital, Limited Partnership $4.5M 778K 2.5% ▼ 11.7%
Caspian Capital LP $4.2M 728K 2.3% 0.0%
Qube Research & Technologies Ltd $4.1M 722K 2.3% ▲ 94.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hudson Technologies Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $8.1M 31 trades by 10 insiders, last 12 months Insider sales History → $7.2M 2 trades by 1 insider · 0% under pre-set plans
Net ▲ $926,998 net buying
Insider Date Trade Shares Price Value
Hartree Partners, Lp 10% owner November 2, 2026 Buy 41,290 $4.25 $175,482
Hartree Partners, Lp 10% owner October 30, 2026 Buy 58,710 $4.25 $249,506
Hartree Partners, Lp 10% owner October 29, 2026 Buy 200,000 $4.44 $888,600
Hartree Partners, Lp 10% owner September 24, 2026 Buy 118,549 $5.10 $604,600
Hartree Partners, Lp 10% owner September 23, 2026 Buy 11,013 $5.10 $56,166
Hartree Partners, Lp 10% owner September 21, 2026 Buy 2,502 $5.10 $12,760
Hartree Partners, Lp 10% owner September 16, 2026 Buy 11,136 $5.10 $56,794
Hartree Partners, Lp 10% owner September 2, 2026 Buy 5,317 $5.10 $27,117
Hartree Partners, Lp 10% owner August 25, 2026 Buy 91,166 $5.50 $501,413
Hartree Partners, Lp 10% owner August 24, 2026 Buy 9,446 $5.50 $51,953
Hartree Partners, Lp 10% owner August 12, 2026 Buy 5,198 $5.50 $28,589
Hartree Partners, Lp 10% owner July 29, 2026 Buy 52,104 $5.99 $312,103

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • August 5, 2026
  • May 6, 2026
  • March 4, 2026
  • November 5, 2025
  • November 3, 2025

Recent SEC filings

Data status

When each part of this page on Hudson Technologies Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hudson Technologies Inc in brief

What does Hudson Technologies Inc do?
Hudson Technologies Inc is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is Hudson Technologies Inc's stock ticker?
Hudson Technologies Inc trades under the ticker HDSN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hudson Technologies Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hudson Technologies Inc reported revenue of $257M, 14.3% higher than a year earlier, according to its SEC filings.
What is Hudson Technologies Inc's free cash flow?
Hudson Technologies Inc's free-cash-flow margin is -13.4% of revenue over the trailing twelve months, ranking 28 of the 32 trading companies & distributors companies we cover.
Who are Hudson Technologies Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hartree Partners, LP, Westerly Capital Management, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hudson Technologies Inc buying back stock, and does it pay a dividend?
Hudson Technologies Inc spent $18M on share repurchases over the trailing twelve months, and its diluted share count fell 5.4% over the year.
What is Hudson Technologies Inc's market cap?
On November 2, 2026, Hudson Technologies Inc's market capitalisation was about $184M, with a price-to-earnings ratio of 20.5 and net debt of -$25.6M. Market figures come from third-party market data and may be delayed.
Who are Hudson Technologies Inc's competitors?
In our Trading Companies & Distributors peer group, the companies closest to Hudson Technologies Inc are Aersale Corp, NPK International Inc., Hyperscale Data, Inc., Willis Lease Finance Corp and Greenwave Technology Solutions, Inc. The side-by-side comparison below sets their revenue, margins and growth against Hudson Technologies Inc's.
Are insiders buying or selling Hudson Technologies Inc stock?
Over the last 12 months, Hudson Technologies Inc's directors and officers reported 31 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Hudson Technologies Inc's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hudson Technologies Inc announces its own schedule.