This page shows Hudson Tech (HDSN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hudson Tech has an operating margin of 7.5%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is down from 12.4% the prior year.
Hudson Tech's revenue grew a modest 4.0% year-over-year to $246.6M. This slow but positive growth earns a score of 40/100.
Hudson Tech carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
Hudson Tech's current ratio of 3.26 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
While Hudson Tech generated -$3.2M in operating cash flow, capex of $5.1M consumed most of it, leaving -$8.2M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.
Hudson Tech generates a 6.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 9.9% the prior year.
Hudson Tech scores 4.16, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Hudson Tech passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hudson Tech generates $-0.19 in operating cash flow (-$3.2M OCF vs $16.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Hudson Tech generated $246.6M in revenue in fiscal year 2025. This represents an increase of 4.0% from the prior year.
Hudson Tech's EBITDA was $21.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 34.2% from the prior year.
Hudson Tech reported $16.7M in net income in fiscal year 2025. This represents a decrease of 31.7% from the prior year.
Hudson Tech earned $0.37 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.8% from the prior year.
Cash & Balance Sheet
Hudson Tech generated -$8.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 109.5% from the prior year.
Hudson Tech held $39.5M in cash against $0 in long-term debt as of fiscal year 2025.
Hudson Tech had 42M shares outstanding in fiscal year 2025. This represents a decrease of 6.0% from the prior year.
Margins & Returns
Hudson Tech's gross margin was 25.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the prior year.
Hudson Tech's operating margin was 7.5% in fiscal year 2025, reflecting core business profitability. This is down 4.8 percentage points from the prior year.
Hudson Tech's net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.
Hudson Tech's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the prior year.
Capital Allocation
Hudson Tech spent $20.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 145.7% from the prior year.
Hudson Tech invested $5.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.7% from the prior year.
HDSN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.4M-40.0% | $74.0M+1.6% | $72.8M+31.6% | $55.3M+59.8% | $34.6M-44.1% | $61.9M-17.7% | $75.3M+15.4% | $65.3M |
| Cost of Revenue | $40.9M-18.8% | $50.3M+0.6% | $50.0M+15.6% | $43.3M+49.9% | $28.9M-37.2% | $46.0M-12.7% | $52.7M+20.3% | $43.8M |
| Gross Profit | $3.5M-85.0% | $23.7M+3.8% | $22.8M+89.0% | $12.1M+109.0% | $5.8M-63.8% | $15.9M-29.4% | $22.6M+5.4% | $21.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $13.9M+56.7% | $8.9M-4.1% | $9.3M+13.4% | $8.2M+2.2% | $8.0M-0.8% | $8.1M-10.6% | $9.0M+13.4% | $7.9M |
| Operating Income | -$11.2M-180.2% | $14.0M+9.8% | $12.7M+313.8% | $3.1M+194.7% | -$3.2M-146.6% | $7.0M-45.5% | $12.8M+0.2% | $12.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $152K-29.0% | $214K |
| Income Tax | -$2.1M-151.7% | $4.0M+24.3% | $3.2M+259.1% | $893K+679.9% | -$154K-108.9% | $1.7M-43.4% | $3.1M+2.0% | $3.0M |
| Net Income | -$8.6M-169.8% | $12.4M+21.7% | $10.2M+268.7% | $2.8M+207.5% | -$2.6M-132.9% | $7.8M-18.6% | $9.6M+0.2% | $9.6M |
| EPS (Diluted) | N/A | $0.27+17.4% | $0.23+283.3% | $0.06 | N/A | $0.17-15.0% | $0.200.0% | $0.20 |
HDSN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $318.6M-6.0% | $338.9M+6.6% | $317.9M+3.2% | $307.9M+1.7% | $302.7M-2.2% | $309.4M+2.8% | $300.9M+2.3% | $294.2M |
| Current Assets | $210.8M-10.0% | $234.4M+10.2% | $212.6M+5.6% | $201.3M+3.0% | $195.5M-3.9% | $203.5M+4.6% | $194.6M-4.4% | $203.5M |
| Cash & Equivalents | $39.5M-56.0% | $89.7M+6.4% | $84.3M+4.0% | $81.0M+15.6% | $70.1M+24.2% | $56.5M+85.1% | $30.5M+189.3% | $10.6M |
| Inventory | $135.9M+39.5% | $97.4M+25.4% | $77.7M-0.8% | $78.3M-18.6% | $96.2M-7.0% | $103.5M-16.3% | $123.7M-16.3% | $147.8M |
| Accounts Receivable | $17.1M-32.6% | $25.4M-29.3% | $35.9M+30.7% | $27.5M+101.4% | $13.6M-52.3% | $28.5M-5.9% | $30.3M-15.5% | $35.9M |
| Goodwill | $65.3M+4.8% | $62.3M0.0% | $62.3M0.0% | $62.3M0.0% | $62.3M-0.2% | $62.4M0.0% | $62.4M+30.6% | $47.8M |
| Total Liabilities | $75.3M+3.0% | $73.1M+15.8% | $63.1M+3.3% | $61.1M+7.5% | $56.8M+2.3% | $55.5M+6.3% | $52.2M-5.9% | $55.6M |
| Current Liabilities | $64.6M+0.9% | $64.0M+16.8% | $54.8M+4.6% | $52.4M+9.6% | $47.8M+2.7% | $46.6M+10.1% | $42.3M-10.7% | $47.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $243.4M-8.5% | $265.9M+4.4% | $254.8M+3.2% | $246.8M+0.4% | $245.8M-3.2% | $253.9M+2.1% | $248.7M+4.2% | $238.6M |
| Retained Earnings | $151.3M-5.4% | $159.9M+8.4% | $147.5M+7.4% | $137.4M+2.0% | $134.6M-1.9% | $137.2M+6.0% | $129.4M+8.0% | $119.8M |
HDSN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32.5M-469.3% | $8.8M+37.4% | $6.4M-54.7% | $14.2M-31.6% | $20.7M-31.6% | $30.3M-27.5% | $41.8M+4576.7% | -$933K |
| Capital Expenditures | $1.1M-46.3% | $2.1M+345.5% | $464K-67.1% | $1.4M-8.9% | $1.5M-7.1% | $1.7M+48.2% | $1.1M+17.2% | $960K |
| Free Cash Flow | -$33.7M-598.9% | $6.7M+13.4% | $5.9M-53.3% | $12.7M-33.5% | $19.2M-33.0% | $28.6M-29.6% | $40.6M+2247.0% | -$1.9M |
| Investing Cash Flow | -$3.3M-61.9% | -$2.1M-345.5% | -$464K+67.1% | -$1.4M+8.9% | -$1.5M+7.1% | -$1.7M+92.4% | -$21.8M-2170.3% | -$960K |
| Financing Cash Flow | -$14.3M-956.4% | -$1.4M+49.8% | -$2.7M-47.7% | -$1.8M+66.8% | -$5.5M-109.0% | -$2.6M | $0+100.0% | -$2K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $14.2M+991.8% | $1.3M-51.9% | $2.7M+47.5% | $1.8M-66.8% | $5.5M+109.6% | $2.6M | N/A | N/A |
HDSN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.0%-24.0pp | 32.0%+0.7pp | 31.3%+9.5pp | 21.8%+5.1pp | 16.7%-9.1pp | 25.7%-4.2pp | 30.0%-2.8pp | 32.8% |
| Operating Margin | -25.2%-44.1pp | 18.9%+1.4pp | 17.5%+11.9pp | 5.6%+14.9pp | -9.4%-20.6pp | 11.3%-5.7pp | 17.0%-2.6pp | 19.6% |
| Net Margin | -19.4%-36.2pp | 16.7%+2.8pp | 14.0%+9.0pp | 5.0%+12.4pp | -7.4%-20.0pp | 12.6%-0.1pp | 12.7%-1.9pp | 14.6% |
| Return on Equity | -3.5%-8.2pp | 4.7%+0.7pp | 4.0%+2.9pp | 1.1%+2.2pp | -1.0%-4.1pp | 3.1%-0.8pp | 3.9%-0.2pp | 4.0% |
| Return on Assets | -2.7%-6.4pp | 3.6%+0.4pp | 3.2%+2.3pp | 0.9%+1.8pp | -0.9%-3.4pp | 2.5%-0.7pp | 3.2%-0.1pp | 3.3% |
| Current Ratio | 3.26-0.4 | 3.66-0.2 | 3.88+0.0 | 3.84-0.2 | 4.09-0.3 | 4.37-0.2 | 4.60+0.3 | 4.30 |
| Debt-to-Equity | 0.31+0.0 | 0.27+0.0 | 0.250.0 | 0.25+0.0 | 0.23+0.0 | 0.220.0 | 0.21-0.0 | 0.23 |
| FCF Margin | -75.8%-84.9pp | 9.1%+0.9pp | 8.2%-14.9pp | 23.0%-32.3pp | 55.3%+9.1pp | 46.2%-7.8pp | 54.0%+56.9pp | -2.9% |
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Frequently Asked Questions
What is Hudson Tech's annual revenue?
Hudson Tech (HDSN) reported $246.6M in total revenue for fiscal year 2025. This represents a 4.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hudson Tech's revenue growing?
Hudson Tech (HDSN) revenue grew by 4% year-over-year, from $237.1M to $246.6M in fiscal year 2025.
Is Hudson Tech profitable?
Yes, Hudson Tech (HDSN) reported a net income of $16.7M in fiscal year 2025, with a net profit margin of 6.8%.
What is Hudson Tech's EBITDA?
Hudson Tech (HDSN) had EBITDA of $21.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hudson Tech's gross margin?
Hudson Tech (HDSN) had a gross margin of 25.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hudson Tech's operating margin?
Hudson Tech (HDSN) had an operating margin of 7.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Hudson Tech's net profit margin?
Hudson Tech (HDSN) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Hudson Tech's return on equity (ROE)?
Hudson Tech (HDSN) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hudson Tech's free cash flow?
Hudson Tech (HDSN) generated -$8.2M in free cash flow during fiscal year 2025. This represents a -109.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hudson Tech's operating cash flow?
Hudson Tech (HDSN) generated -$3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hudson Tech's total assets?
Hudson Tech (HDSN) had $318.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hudson Tech's capital expenditures?
Hudson Tech (HDSN) invested $5.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hudson Tech's current ratio?
Hudson Tech (HDSN) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.
What is Hudson Tech's debt-to-equity ratio?
Hudson Tech (HDSN) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hudson Tech's return on assets (ROA)?
Hudson Tech (HDSN) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hudson Tech's cash runway?
Based on fiscal year 2025 data, Hudson Tech (HDSN) had $39.5M in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 150 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Hudson Tech's Altman Z-Score?
Hudson Tech (HDSN) has an Altman Z-Score of 4.16, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hudson Tech's Piotroski F-Score?
Hudson Tech (HDSN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hudson Tech's earnings high quality?
Hudson Tech (HDSN) has an earnings quality ratio of -0.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Hudson Tech?
Hudson Tech (HDSN) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.