HDSN HUDSON TECHNOLOGIES INC /NY

Overview and Growth

HUDSON TECHNOLOGIES INC /NY generated $246.61M of revenue in fiscal 2025, with net income of $16.67M and an operating cash outflow of $3.16M. Revenue of $246.61M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $237.12M in fiscal 2024, revenue recorded a 4.0% year-over-year increase. On a per-share basis, diluted EPS was $0.37, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.52 in fiscal 2024, the current result was 28.8% lower. The company employed $318.65M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.77x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $62.10M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 25.2% of revenue, showing how much of the top line remained after direct costs. Operating income was $18.56M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 7.5%, showing how efficiently sales converted into operating profit. Net income came to $16.67M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 6.8%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $22.69M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 9.2%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $6.02M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 26.5%, without assuming a statutory-rate comparison. Net income equaled 6.8% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 5.2%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, the $318.65M asset base was financed through $75.26M of liabilities and $243.39M of equity. At period end, current assets of $210.84M compared with current liabilities of $64.60M, defining the company’s short-term resource position. At 3.26x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $39.46M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 61.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Liabilities represented 23.6% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 12.4%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 5.3% higher than fiscal 2024 assets of $302.65M, measuring the company’s own balance-sheet change. Against $245.85M of equity in fiscal 2024, the current book-equity balance moved 1.0% and ended lower. Cash and equivalents were 43.7% lower than fiscal 2024 cash of $70.13M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $3.16M, showing that operations absorbed cash during the period. Capital expenditures used $5.05M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. The company recorded a $8.21M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 3.3% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 2.6%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.