Filing Flows › Hudson Technologies (HDSN) › Q2 2026 › vs Q1 2026
Hudson Technologies (HDSN) Q2 2026 vs Q1 2026 (quarter over quarter)
Hudson Technologies's revenue rose $18.2M (+30%) from $60.2M in Q1 2026 to $78.3M in Q2 2026. The biggest changes: Product +$18.0M (+31%); Refrigerant Side Services +$184K (+9%). Gross margin 26.4% against 19.7% (+6.7 pts).
Hudson Technologies, Q2 2026: revenue $78.3M (+8% year over year), operating margin 9.4%, net earnings $4.9M, operating cash flow $6.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 26.4% | 19.7% | +6.7 pts |
| Operating margin | 9.4% | 2.4% | +7.0 pts |
| Net margin | 6.3% | 0.5% | +5.8 pts |
| Free cash flow margin | 8.0% | -23.1% | +31.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $76.1M | $58.0M | $18.0M | +31% |
| Refrigerant Side Services | $2.3M | $2.1M | $184K | +9% |
| Revenue | $78.3M | $60.2M | $18.2M | +30% |
| Gross profit | $20.7M | $11.8M | $8.8M | +75% |
| Cost of revenue | $57.7M | $48.3M | $9.4M | +19% |
| Operating profit | $7.4M | $1.5M | $5.9M | +405% |
| Operating expenses | $13.3M | $10.4M | $2.9M | +28% |
| Pre-tax earnings | $7.4M | $1.6M | $5.8M | +366% |
| SG&A | $12.4M | $9.5M | $2.9M | +31% |
| Other operating costs | $856K | $855K | $1K | +0.1% |
| Net earnings | $4.9M | $330K | $4.6M | 15× |
| Income tax | $2.5M | $1.3M | $1.2M | +97% |
| Depreciation & amortization | $879K | $887K | −$8K | -0.9% |
| Share-based compensation | $677K | $170K | $507K | +298% |
| Working capital & other | $346K | −$14.2M | $14.5M | — |
| Operating cash flow | $6.8M | −$12.8M | $19.7M | — |
| Free cash flow (OCF − capex) | $6.3M | −$13.9M | $20.2M | — |
| Capital expenditures | $576K | $1.1M | −$498K | -46% |
Questions
How much did Hudson Technologies's revenue grow quarter over quarter in Q2 2026?
Hudson Technologies's revenue rose $18.2M (+30%) from $60.2M in Q1 2026 to $78.3M in Q2 2026.
What drove Hudson Technologies's revenue change in Q2 2026?
Product +$18.0M (+31%); Refrigerant Side Services +$184K (+9%).