Filing Flows › Hudson Technologies (HDSN) › Q4 2025
Hudson Technologies (HDSN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Hudson Technologies (HDSN) reported revenue of $44.4M for the fourth quarter 2025 (Q4 2025), +28% from a year earlier and -40% from the quarter before. Operating margin was -25.2%, net loss $8.6M (19.4% of revenue).
Hudson Technologies, Q4 2025: revenue $44.4M (+28% year over year), operating margin -25.2%, net loss $8.6M, operating cash flow −$32.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.4M | -40% | +28% |
| Operating profit | −$11.2M | -180% | — |
| Net earnings | −$8.6M | -170% | — |
| Operating cash flow | −$32.5M | -469% | — |
What changed
Revenue was $44.4M in Q4 2025, up 28% year over year and down 40% from the previous quarter. Product was the largest line at 97% of revenue.
Gross margin was 8.0%, down 8.7 points from a year earlier. Operating costs exceeded revenue by $11.2M, an operating margin of -25.2%. Operating expenses grew 64% against revenue growth of 28%. The fastest-growing cost line was SG&A (+74%). The quarter ended with a net loss of $8.6M, after a profit of $12.4M the previous quarter.
Operating cash flow was −$32.5M. Non-cash charges added back $590K of depreciation and amortization and $469K of share-based compensation. Working capital and other items used $25.0M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$33.7M.
Questions
What was Hudson Technologies' revenue in the fourth quarter 2025?
Hudson Technologies (HDSN) reported revenue of $44.4M for the fourth quarter 2025 (Q4 2025), +28% from a year earlier and -40% from the quarter before.
Was Hudson Technologies profitable in the fourth quarter 2025?
Operating loss was $11.2M (-25.2% of revenue) and net loss $8.6M.