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How Hudson Technologies (HDSN) makes money
Hudson Technologies (HDSN) made $59.4M of revenue in the third quarter 2026 (Q3 2026), -20% from a year earlier. Product brought in $57.5M (97%); Refrigerant Side Services brought in $1.9M (3%). Of every dollar of revenue, 25¢ was left as gross profit, 5¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $57.5M | 96.7% | -24% | -20% |
| Refrigerant Side Services | $1.9M | 3.3% | -15% | -3% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $59.4M | 100.0% |
| Cost of revenue | $44.6M | 75.1% |
| Gross profit | $14.8M | 24.9% |
| Operating expenses | $11.5M | 19.4% |
| Operating profit | $3.3M | 5.5% |
| Income tax | $1.2M | 2.0% |
| Net earnings | $2.0M | 3.4% |
| Operating cash flow | $10.1M | 17.1% |
| Free cash flow | $9.7M | 16.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $59.4M | -20% |
| Q2 2026 | $78.3M | +8% |
| Q1 2026 | $60.2M | +9% |
| Q4 2025 | $44.4M | +28% |
| Q3 2025 | $74.0M | +20% |
| Q2 2025 | $72.8M | -3% |
| Q1 2025 | $55.3M | -15% |
From Hudson Technologies' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Hudson Technologies make money?
Hudson Technologies (HDSN) made $59.4M of revenue in the third quarter 2026 (Q3 2026), -20% from a year earlier. Product brought in $57.5M (97%); Refrigerant Side Services brought in $1.9M (3%). Of every dollar of revenue, 25¢ was left as gross profit, 5¢ was left as operating profit, 3¢ was left as net earnings.
What is Hudson Technologies' biggest business?
Product: $57.5M in the third quarter 2026, 97% of revenue, -20% from a year earlier.
What is Hudson Technologies' profit margin?
Net earnings were $2.0M, 3.4% of revenue, in the third quarter 2026; the operating margin was 5.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.