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Hudson Tech Financials

HDSN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

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

Profitability Growth Leverage Liquidity Cash Flow Returns 47 / 100
Financial Profile 47/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
39

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.

Growth
40

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.

Leverage
96

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.

Liquidity
63

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.

Cash Flow
17

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.

Returns
26

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.

Altman Z-Score Safe
4.16

Hudson Tech scores 4.16, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak
2/9

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.

Earnings Quality Low Quality
-0.19x

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

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Earnings & Revenue

Revenue
$246.6M
YoY+4.0%
5Y CAGR+10.8%
10Y CAGR+12.0%

Hudson Tech generated $246.6M in revenue in fiscal year 2025. This represents an increase of 4.0% from the prior year.

EBITDA
$21.3M
YoY-34.2%
5Y CAGR+18.4%
10Y CAGR+8.1%

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.

Net Income
$16.7M
YoY-31.7%
10Y CAGR+13.3%

Hudson Tech reported $16.7M in net income in fiscal year 2025. This represents a decrease of 31.7% from the prior year.

EPS (Diluted)
$0.37
YoY-28.8%
10Y CAGR+10.2%

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

Free Cash Flow
-$8.2M
YoY-109.5%

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.

Cash & Debt
$39.5M
YoY-43.7%
5Y CAGR+96.5%
10Y CAGR+41.1%

Hudson Tech held $39.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
42M
YoY-6.0%
5Y CAGR-0.8%
10Y CAGR+2.4%

Hudson Tech had 42M shares outstanding in fiscal year 2025. This represents a decrease of 6.0% from the prior year.

Margins & Returns

Gross Margin
25.2%
YoY-2.5pp
5Y CAGR+1.2pp
10Y CAGR+2.0pp

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.

Operating Margin
7.5%
YoY-4.8pp
5Y CAGR+3.5pp
10Y CAGR-2.7pp

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.

Net Margin
6.8%
YoY-3.5pp
5Y CAGR+10.3pp
10Y CAGR+0.8pp

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.

Return on Equity
6.9%
YoY-3.1pp
5Y CAGR+19.7pp
10Y CAGR-2.8pp

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

R&D Spending
N/A
Share Buybacks
$20.0M
YoY+145.7%

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.

Capital Expenditures
$5.1M
YoY-4.7%
5Y CAGR+28.0%
10Y CAGR+19.0%

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

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.

Hudson Tech (HDSN) revenue grew by 4% year-over-year, from $237.1M to $246.6M in fiscal year 2025.

Yes, Hudson Tech (HDSN) reported a net income of $16.7M in fiscal year 2025, with a net profit margin of 6.8%.

Hudson Tech (HDSN) reported diluted earnings per share of $0.37 for fiscal year 2025. This represents a -28.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hudson Tech (HDSN) had EBITDA of $21.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

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.

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.

Hudson Tech (HDSN) generated -$3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Hudson Tech (HDSN) had $318.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Hudson Tech (HDSN) invested $5.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Hudson Tech (HDSN) spent $20.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Hudson Tech (HDSN) had 42M shares outstanding as of fiscal year 2025.

Hudson Tech (HDSN) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.

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.

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.

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.

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.

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.

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.

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.

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