HUDSON TECHNOLOGIES INC /NY HDSN
Hudson Technologies, Inc. ("Hudson" or the "Company"), incorporated under the laws of New York on January 11, 1991, is a refrigerant services company providing innovative solutions to recurring problems within the refrigeration industry. Hudson has proven, reliable programs that meet customer refrigerant needs by providing environmentally sustainable solutions from initial sale of refrigerant gas through recovery, reclamation and reuse, peak operating performance of equipment through energy efficiency and emergency air conditioning and refrigeration system repair, to final refrigerant disposal and carbon credit trading.
The Company's operations consist of one reportable segment. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site. RefrigerantSide® Services consist of system decontamination to remove moisture, oils and other contaminants intended to restore systems to designed capacity. As a component of the Company's products and services, the Company also participates in the generation of carbon offset projects. The Company operates principally through its wholly-owned subsidiary, Hudson Technologies Company. Unless the context requires otherwise, references to the "Company", "Hudson", "we", "us", "our", or similar pronouns refer to Hudson Technologies, Inc. and its subsidiaries.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $246.6M | $237.1M | $289.0M | $325.2M | $192.7M | $147.6M | $162.1M | $166.5M | $140.4M | $105.5M |
| Cost of revenue | $184.5M | $171.4M | $177.5M | $162.3M | $121.1M | — | — | — | $102.4M | $74.4M |
| Gross profit | $62.1M | $65.7M | $111.5M | $162.9M | $71.7M | $35.4M | $17.2M | -$7.4M | $38.0M | $31.1M |
| SG&A | $40.2M | $33.0M | $30.5M | $28.6M | $26.6M | $26.6M | $30.0M | $32.3M | $21.7M | $11.7M |
| Total operating expenses | $43.5M | $36.4M | $33.3M | $31.4M | $29.4M | $29.5M | $32.9M | $35.2M | $22.9M | $12.1M |
| Operating income | $18.6M | $29.3M | $78.2M | $131.5M | $42.3M | $5.9M | -$15.8M | -$42.6M | $15.1M | $18.9M |
| Interest expense | — | — | $8.4M | $14.3M | $11.4M | $12.3M | $18.9M | $14.8M | $3.2M | $1.1M |
| Pre-tax income | $22.7M | $32.0M | $69.8M | $117.2M | $33.4M | -$5.4M | -$25.3M | -$57.4M | $12.0M | $17.3M |
| Income tax | $6.0M | $7.6M | $17.6M | $13.4M | $1.1M | $185.0K | $656.0K | $1.7M | $847.0K | $6.6M |
| Net income | $16.7M | $24.4M | $52.2M | $103.8M | $32.3M | -$5.2M | -$25.9M | -$55.7M | $11.2M | $10.6M |
| EPS, basic | 0.38 | 0.54 | 1.15 | 2.31 | 0.74 | -0.12 | -0.61 | -1.31 | 0.27 | 0.31 |
| EPS, diluted | 0.37 | 0.52 | 1.10 | 2.20 | 0.69 | -0.12 | -0.61 | -1.31 | 0.26 | 0.30 |
| Shares, diluted (wtd. avg.) | $45.1M | $47.1M | $47.3M | $47.1M | $46.6M | $42.7M | $42.6M | $42.5M | $42.8M | $35.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $39.5M | $70.1M | $12.4M | $5.3M | $3.5M | $1.3M | $2.6M | $2.3M | $5.0M | $33.9M |
| Receivables | $17.1M | $13.6M | $25.2M | $20.9M | $14.2M | $9.8M | $8.1M | $14.1M | $14.8M | $4.8M |
| Inventory | $135.9M | $96.2M | $154.4M | $145.4M | $94.1M | $44.5M | $59.2M | $102.0M | $172.5M | $68.6M |
| Total current assets | $210.8M | $195.5M | $205.0M | $176.8M | $119.9M | $62.1M | $74.4M | $123.6M | $208.9M | $108.2M |
| Property, plant and equipment | $23.6M | $21.6M | $19.4M | $20.6M | $20.1M | $21.9M | $23.7M | $27.4M | $30.5M | $7.5M |
| Goodwill | $65.3M | $62.3M | $47.8M | $47.8M | $47.8M | $47.8M | $47.8M | $47.8M | $49.5M | $856.0K |
| Other intangibles | $11.3M | $14.1M | $14.8M | $17.6M | $20.4M | $23.1M | $26.0M | $29.5M | $32.4M | $3.3M |
| Total assets | $318.6M | $302.7M | $296.7M | $272.5M | $215.7M | $161.6M | $180.2M | $228.3M | $321.4M | $122.5M |
| Accounts payable | $21.1M | $8.7M | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | $4.2M | $5.2M | $7.3M | $3.0M | $2.7M | $1.1M | $0 |
| Total current liabilities | $64.6M | $47.8M | $58.6M | $52.6M | $64.4M | $37.8M | $46.1M | $60.4M | $95.4M | $10.3M |
| Long-term debt | — | — | — | $39.0M | $73.1M | $78.0M | $82.0M | $98.3M | $101.2M | $152.0K |
| Total liabilities | $75.3M | $56.8M | $67.9M | $97.6M | $144.8M | $121.0M | $135.0M | $159.1M | $198.0M | $10.5M |
| Retained earnings | $151.3M | $134.6M | $110.2M | $58.0M | -$45.8M | -$78.1M | -$72.9M | -$46.9M | $8.7M | -$2.4M |
| Total equity | $243.4M | $245.8M | $228.8M | $174.9M | $70.9M | $40.6M | $45.1M | $69.2M | $123.5M | $112.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.2M | $91.8M | $58.5M | $62.8M | -$1.2M | $11.7M | $33.8M | $36.3M | $18.4M | $9.3M |
| Depreciation and amortisation | $2.7M | $3.0M | $3.0M | $3.2M | $3.4M | $3.2M | $4.2M | $4.2M | $2.3M | $1.7M |
| Stock-based compensation | $1.1M | $842.0K | $2.3M | $922.0K | $511.0K | $656.0K | $1.8M | $1.4M | $1.5M | $706.0K |
| Capital expenditure | $5.1M | $5.3M | $3.6M | $3.7M | $1.9M | $1.5M | $1.0M | $1.1M | $1.0M | $1.7M |
| Investing cash flow | -$7.3M | -$26.0M | -$3.6M | -$3.7M | -$1.9M | -$470.0K | -$1.0M | -$1.1M | -$210.0M | -$1.7M |
| Financing cash flow | -$20.2M | -$8.2M | -$47.8M | -$57.4M | $5.3M | -$12.5M | -$32.5M | -$38.0M | $162.7M | $25.1M |
| Buybacks | $20.0M | $8.1M | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-048223.
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