Filing Flows › Hudson Technologies (HDSN) › Q3 2025
Hudson Technologies (HDSN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Hudson Technologies (HDSN) reported revenue of $74.0M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +2% from the quarter before. Operating margin was 18.9%, net earnings $12.4M (16.7% of revenue).
Hudson Technologies, Q3 2025: revenue $74.0M (+20% year over year), operating margin 18.9%, net earnings $12.4M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.0M | +2% | +19% |
| Gross profit | $23.7M | +4% | +49% |
| Operating profit | $14.0M | +10% | +100% |
| Net earnings | $12.4M | +22% | +59% |
| Operating cash flow | $8.8M | +37% | -71% |
| Free cash flow | $6.7M | +13% | -76% |
What changed
Revenue was $74.0M in Q3 2025, up 19% year over year and up 2% from the previous quarter. Product was the largest line at 97% of revenue. Product added $11.9M year over year (up 20%), 98% of the total change.
Gross margin was 32.0%, up 6.3 points from a year earlier. Operating profit was $14.0M, a 18.9% margin (up 7.6 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 11% margin then. Operating expenses grew 8% against revenue growth of 19%. The fastest-growing cost line was SG&A (+10%). Net earnings were $12.4M, up 59% year over year. The effective tax rate was 24.4%.
Operating cash flow was $8.8M (down 71% year over year), 71% of net earnings. Non-cash charges added back $603K of depreciation and amortization and $93K of share-based compensation. Working capital and other items used $4.3M. Capital expenditures of $2.1M left free cash flow of $6.7M.
Questions
What was Hudson Technologies' revenue in the third quarter 2025?
Hudson Technologies (HDSN) reported revenue of $74.0M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +2% from the quarter before.
Was Hudson Technologies profitable in the third quarter 2025?
Operating profit was $14.0M (18.9% of revenue) and net earnings $12.4M.