Filing Flows › Hudson Technologies (HDSN) › Q3 2026 › vs Q2 2026
Hudson Technologies (HDSN) Q3 2026 vs Q2 2026 (quarter over quarter)
Hudson Technologies's revenue fell $18.9M (-24%) from $78.3M in Q2 2026 to $59.4M in Q3 2026. The biggest changes: Product −$18.6M (-24%); Refrigerant Side Services −$350K (-15%). Gross margin 24.9% against 26.4% (-1.5 pts).
Hudson Technologies, Q3 2026: revenue $59.4M (-20% year over year), operating margin 5.5%, net earnings $2.0M, operating cash flow $10.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.9% | 26.4% | -1.5 pts |
| Operating margin | 5.5% | 9.4% | -4.0 pts |
| Net margin | 3.4% | 6.3% | -2.9 pts |
| Free cash flow margin | 16.3% | 8.0% | +8.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $57.5M | $76.1M | −$18.6M | -24% |
| Refrigerant Side Services | $1.9M | $2.3M | −$350K | -15% |
| Revenue | $59.4M | $78.3M | −$18.9M | -24% |
| Gross profit | $14.8M | $20.7M | −$5.9M | -28% |
| Cost of revenue | $44.6M | $57.7M | −$13.0M | -23% |
| Operating profit | $3.3M | $7.4M | −$4.1M | -56% |
| Operating expenses | $11.5M | $13.3M | −$1.7M | -13% |
| Pre-tax earnings | $3.2M | $7.4M | −$4.2M | -57% |
| SG&A | $10.8M | $12.4M | −$1.6M | -13% |
| Other operating costs | $740K | $856K | −$116K | -14% |
| Net earnings | $2.0M | $4.9M | −$2.9M | -59% |
| Income tax | $1.2M | $2.5M | −$1.3M | -53% |
| Depreciation & amortization | $866K | $879K | −$13K | -1% |
| Share-based compensation | $232K | $677K | −$445K | -66% |
| Working capital & other | $7.0M | $346K | $6.7M | 20× |
| Operating cash flow | $10.1M | $6.8M | $3.3M | +48% |
| Free cash flow (OCF − capex) | $9.7M | $6.3M | $3.4M | +54% |
| Capital expenditures | $475K | $576K | −$101K | -18% |
Questions
How much did Hudson Technologies's revenue grow quarter over quarter in Q3 2026?
Hudson Technologies's revenue fell $18.9M (-24%) from $78.3M in Q2 2026 to $59.4M in Q3 2026.
What drove Hudson Technologies's revenue change in Q3 2026?
Product −$18.6M (-24%); Refrigerant Side Services −$350K (-15%).