Hudson Technologies Inc
hudsontech.comWhat Do They Do?
Sells refrigerants, industrial gases and on-site refrigeration services to commercial, industrial and government customers.
10-K for FY2025, filed Mar 16, 2026The Company’s operations consist of one reportable segment. The Company’s products and services are primarily used in commercial air…View ↗
The Company sells reclaimed and virgin (new) refrigerants to a variety of customers in the air conditioning and refrigeration industry. The…View ↗
The Company provides decontamination and recovery services that are performed at a customer’s site through the use of portable, high…View ↗
The Company provides its products and services to commercial, industrial and governmental customers, as well as to refrigerant wholesalers…View ↗
How Do They Make Money?
Customers generally place purchase orders; Hudson is paid for refrigerants when they ship or, in some cases, when customers receive them, and for reclamation and on-site services when the work is completed. DLA management services are paid over the contract term.
10-K for FY2025, filed Mar 16, 2026
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service ↗
$246.6M
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10-K for FY2025, filed Mar 16, 2026
$246.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Mar 16, 2026 |
97%
FY2022: 98%
|
Product, FY2025
$239.5M Sources
|
Sold outright |
|
Refrigerant Side Services
Sold outright
|
2.9%
FY2022: 1.9%
|
Refrigerant Side Services, FY2025
$7.2M Sources
|
Sold outright |
Who Are Their Customers?
Commercial, industrial and government customers, along with refrigerant wholesalers, distributors, contractors and refrigeration equipment makers, buy through customer purchase orders. The company also supplies refrigerants and related services to the Defense Logistics Agency.
10-K for FY2025, filed Mar 16, 2026
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$8.2M.
10-K for FY2025, filed Mar 16, 2026
$18.6MView ↗
10-K for FY2025, filed Mar 16, 2026
$16.7MView ↗
10-K for FY2025, filed Mar 16, 2026
−$8.2MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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Aug 6, 2026
Hudson was re-awarded the Defense Logistics Agency contract
The initial term runs through August 4, 2031, with a five-year option to extend through July 31, 2036.
Sources
8-K, filed Aug 6, 2026
WOODCLIFF LAKE, NJ – AUGUST 5, 2026 –Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant…View ↗
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Aug 5, 2026
Hudson lowered its full-year gross margin target
It revised its 2026 gross margin target from mid-twenty percent to low-to-mid-twenty percent.
Sources
8-K, filed Aug 5, 2026
With its visibility today, and the expectation of continued subdued refrigerant market pricing and inflationary pressures through the close…View ↗
Growing. Revenue grew 28% in 4 years, from $192.7M in FY2021 to $246.6M in FY2025, about 6% a year.
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