HUDSON TECHNOLOGIES INC /NY

Listed Company

HDSNCIK 0000925528NasdaqAcceleratedWholesale-Machinery, Equipment & SuppliesNew YorkFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$16.67M

Total Assets

$318.65M

Equity

$243.39M

Shares Out

42.47M

Op. Cash Flow

$-3.16M

Business

HUDSON TECHNOLOGIES INC /NY provides refrigerant services and solutions addressing recovery, reclamation, reuse, system performance and final disposal within the refrigeration industry. It offers refrigerant and industrial gas sales, refrigerant management and reclamation, on-site RefrigerantSide® decontamination and recovery, laboratory testing and certification, cylinder refurbishment, energy-efficiency monitoring (SmartEnergy OPS®, ChillSmart®, Chiller Chemistry®) and carbon offset project development. The company operates as a single reportable segment centered on proprietary reclamation equipment, patented on-site services and technical training. Hudson serves commercial, industrial and governmental customers, wholesalers, distributors and contractors primarily in the United States through direct sales, service contracts and field operations.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	247	237	289	—	—
Cost of sales	185	171	178	162	121
Gross profit	62	66	112	163	72
Selling, general and administrative	40	33	31	29	27
Amortization	3	3	3	3	3
Total operating expenses	44	36	33	31	29
Operating income	19	29	78	132	42
Interest (income) expense - net	−3	−476,000	8	14	—
Other income	−2	−2	—	—	2
Total other (income) expense	−4	−3	8	14	−9
Income before income taxes	23	32	70	117	33
Income tax expense	6	8	18	13	1
Net income	17	24	52	104	32
Net income per common share - Basic	0.38	0.54	1.15	2.31	0.74
Net income per common share - Diluted	0.37	0.52	1.1	2.2	0.69
Weighted average number of shares outstanding - Basic	44	45	45	45	44
Weighted average number of shares outstanding - Diluted	45	47	47	47	47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-05-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	39	70	—	12	5
Trade accounts receivable - net of allowance for credit losses of $941 and $1,079, respectively	17	14	—	25	21
Inventories	136	96	—	154	145
Income tax receivable	6	6	—	5	—
Prepaid expenses and other current assets	12	9	—	7	5
Total current assets	211	196	—	205	177
Property, plant and equipment, less accumulated depreciation	24	22	—	19	21
Goodwill	65	62	—	48	48
Intangible assets, less accumulated amortization	11	14	—	15	18
Right of use asset	5	7	—	7	7
Other assets	2	2	—	3	2
Total Assets	319	303	—	297	272
Accounts payable	21	9	—	—	—
Accrued expenses and other current liabilities	39	34	—	32	—
Accrued payroll	5	4	—	4	6
Other short-term liabilities	—	2	2	—	—
Total current liabilities	65	48	—	59	53
Deferred tax liability	4	4	—	5	244,000
Long-term lease liabilities	3	5	—	5	6
Long-term severance payable	2	—	—	—	—
Other long-term liabilities	2	—	—	—	—
Total Liabilities	75	57	—	68	98
Commitments and contingencies	—	—	—	—	—
Preferred stock, shares authorized 5,000,000: Series A Convertible preferred stock, $0.01 par value ($100 liquidation preference value); shares authorized 150,000; none issued or outstanding	—	—	—	—	—
Common stock, $0.01 par value; shares authorized 100,000,000; issued and outstanding: 41,647,221 and 44,284,374 respectively	416,000	443,000	—	455,000	453,000
Additional paid-in capital	92	111	—	118	116
Retained earnings	151	135	—	110	58
Total Stockholders' Equity	243	246	—	229	175
Total Liabilities and Stockholders' Equity	319	303	—	297	272

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	17	24	52	—	—
Depreciation	3	3	3	3	3
Amortization of intangible assets	3	3	3	3	3
Gain on measurement of earn-out liability	−2	—	—	—	—
Impairment of long lived assets	—	441,000	2	—	—
Lower of cost or net realizable value inventory adjustment	2	3	−2	—	—
Allowance for credit losses	307,000	−766,000	659,000	474,000	44,000
Amortization of deferred finance cost	228,000	228,000	726,000	1	1
Loss on extinguishment of debt	—	—	3	5	—
Share based compensation	1	842,000	2	922,000	511,000
Deferred tax expense	−42,000	−482,000	4	−1	337,000
Trade accounts receivable	−4	12	−5	−7	−4
Inventories	−41	60	−7	−53	−47
Prepaid and other assets	−3	−1	−3	2	−2
Lease obligations	—	−92,000	—	—	—
Income taxes receivable	368,000	−846,000	−5	−630,000	—
Accounts payable and accrued expenses	20	−13	9	5	16
Cash (used in) provided by operating activities	−3	92	59	63	−1
Payments for acquisitions	−2	−21	—	—	—
Additions to property, plant, and equipment	−5	−5	−4	−4	−2
Cash used in investing activities	−7	−26	−4	−4	−2
Net proceeds from issuances of common stock and exercises of stock options	46,000	—	39,000	182,000	201,000
Repurchase of common shares	−20	−8	—	—	—
Excess tax benefits from exercise of stock options	—	−7,000	−694,000	—	—
Excise tax on repurchase of common shares	−259,000	—	—	—	—
Repayment of long-term debt	—	—	−47	−148	−5
Cash used in financing activities	−20	−8	−48	−57	5
Increase (decrease) in cash and cash equivalents	−31	58	7	2	2
Cash paid during period for interest	520,000	690,000	4	12	10
Cash paid for income taxes	6	9	19	15	128,000
Property and equipment included in accrued expenses and other current liabilities	268,000	655,000	337,000	—	—

Filings

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