Filing Flows › Hudson Technologies (HDSN) › Q2 2026 › vs Q2 2025
Hudson Technologies (HDSN) Q2 2026 vs Q2 2025 (year over year)
Hudson Technologies's revenue rose $5.5M (+8%) from $72.8M in Q2 2025 to $78.3M in Q2 2026. The biggest changes: Product +$5.5M (+8%); Refrigerant Side Services −$52K (-2%). Gross margin 26.4% against 31.3% (-4.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 26.4% | 31.3% | -4.9 pts |
| Operating margin | 9.4% | 17.5% | -8.0 pts |
| Net margin | 6.3% | 14.0% | -7.6 pts |
| Free cash flow margin | 8.0% | 8.2% | -0.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $76.1M | $70.5M | $5.5M | +8% |
| Refrigerant Side Services | $2.3M | $2.3M | −$52K | -2% |
| Revenue | $78.3M | $72.8M | $5.5M | +8% |
| Gross profit | $20.7M | $22.8M | −$2.1M | -9% |
| Cost of revenue | $57.7M | $50.0M | $7.6M | +15% |
| Operating profit | $7.4M | $12.7M | −$5.3M | -42% |
| Operating expenses | $13.3M | $10.1M | $3.2M | +32% |
| Pre-tax earnings | $7.4M | $13.4M | −$5.9M | -44% |
| SG&A | $12.4M | $9.3M | $3.2M | +34% |
| Other operating costs | $856K | $822K | $34K | +4% |
| Net earnings | $4.9M | $10.2M | −$5.2M | -51% |
| Income tax | $2.5M | $3.2M | −$709K | -22% |
| Depreciation & amortization | $879K | $728K | $151K | +21% |
| Share-based compensation | $677K | $493K | $184K | +37% |
| Working capital & other | $346K | −$5.0M | $5.3M | — |
| Operating cash flow | $6.8M | $6.4M | $436K | +7% |
| Free cash flow (OCF − capex) | $6.3M | $5.9M | $324K | +5% |
| Capital expenditures | $576K | $464K | $112K | +24% |
Questions
How much did Hudson Technologies's revenue grow year over year in Q2 2026?
Hudson Technologies's revenue rose $5.5M (+8%) from $72.8M in Q2 2025 to $78.3M in Q2 2026.
What drove Hudson Technologies's revenue change in Q2 2026?
Product +$5.5M (+8%); Refrigerant Side Services −$52K (-2%).