Filing Flows › Hudson Technologies (HDSN) › Q1 2026
Hudson Technologies (HDSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Hudson Technologies (HDSN) reported revenue of $60.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +35% from the quarter before. Operating margin was 2.4%, net earnings $330K (0.5% of revenue).
Hudson Technologies, Q1 2026: revenue $60.2M (+9% year over year), operating margin 2.4%, net earnings $330K, operating cash flow −$12.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.2M | +35% | +9% |
| Gross profit | $11.8M | +234% | -2% |
| Operating profit | $1.5M | — | -52% |
| Net earnings | $330K | — | -88% |
| Operating cash flow | −$12.8M | — | -190% |
What changed
Revenue was $60.2M in Q1 2026, up 9% year over year and up 35% from the previous quarter. Product was the largest line at 97% of revenue. Product added $4.2M year over year (up 8%), 87% of the total change.
Gross margin was 19.7%, down 2.1 points from Q1 2025. Operating profit was $1.5M, a 2.4% margin (down 3.1 points year over year). Operating profit fell $1.6M even though revenue rose $4.8M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 15% against revenue growth of 9%. The fastest-growing cost line was SG&A (+17%). Net earnings were $330K, down 88% year over year. The effective tax rate was 79.3%.
Operating cash flow was −$12.8M. Non-cash charges added back $887K of depreciation and amortization and $170K of share-based compensation. Working capital and other items used $14.2M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$13.9M.
Questions
What was Hudson Technologies' revenue in the first quarter 2026?
Hudson Technologies (HDSN) reported revenue of $60.2M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +35% from the quarter before.
Was Hudson Technologies profitable in the first quarter 2026?
Operating profit was $1.5M (2.4% of revenue) and net earnings $330K.