Quarterly ResultMay 11, 2026, 04:14 PM
Hudson Technologies Q1 Net Income $0.33M; Revenue $60.15M
AI Summary
Hudson Technologies reported a significant decrease in net income for Q1 2026, falling to $0.33 million from $2.76 million in Q1 2025, despite a revenue increase to $60.15 million. Operating income also declined substantially. The company experienced negative cash flow from operations and a significant decrease in cash and cash equivalents. Additionally, a competitor's bid protest led to the rescission of the 2025 DLA Contract award, though Hudson will continue under its existing contract through July 2026.
Key Highlights
- Net income for Q1 2026 was $0.33 million, down from $2.76 million in Q1 2025.
- Revenues increased to $60.15 million in Q1 2026 from $55.34 million in Q1 2025.
- Operating income decreased to $1.46 million in Q1 2026 from $3.08 million in Q1 2025.
- Cash flow from operating activities was $(12.81) million in Q1 2026, compared to $14.16 million in Q1 2025.
- Cash and cash equivalents decreased to $19.37 million at March 31, 2026, from $39.46 million at December 31, 2025.
- Repurchased common shares worth $2.49 million in Q1 2026.
- DLA contract award rescinded due to competitor bid protest; existing contract valid through July 2026.
Price Impact
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