Filing Flows › Hudson Technologies (HDSN) › Q1 2025
Hudson Technologies (HDSN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Hudson Technologies (HDSN) reported revenue of $55.3M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +60% from the quarter before. Operating margin was 5.6%, net earnings $2.8M (5.0% of revenue).
Hudson Technologies, Q1 2025: revenue $55.3M (-15% year over year), operating margin 5.6%, net earnings $2.8M, operating cash flow $14.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.3M | +60% | -15% |
| Gross profit | $12.1M | +109% | -44% |
| Operating profit | $3.1M | — | -76% |
| Net earnings | $2.8M | — | -71% |
| Operating cash flow | $14.2M | -32% | — |
| Free cash flow | $12.7M | -33% | — |
What changed
Revenue was $55.3M in Q1 2025, down 15% year over year and up 60% from the previous quarter. Product was the largest line at 97% of revenue. Product lost $9.9M year over year (down 16%), 100% of the total change.
Gross margin was 21.8%, down 11.0 points from a year earlier. Operating profit was $3.1M, a 5.6% margin (down 14.0 points year over year). Operating expenses grew 4% against a revenue fall of 15%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $2.8M, down 71% year over year. The effective tax rate was 24.5%.
Operating cash flow was $14.2M, 513% of net earnings. Non-cash charges added back $774K of depreciation and amortization and $45K of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $1.4M left free cash flow of $12.7M.
Questions
What was Hudson Technologies' revenue in the first quarter 2025?
Hudson Technologies (HDSN) reported revenue of $55.3M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +60% from the quarter before.
Was Hudson Technologies profitable in the first quarter 2025?
Operating profit was $3.1M (5.6% of revenue) and net earnings $2.8M.