Hudson Global Inc Financials

HSON

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Hudson Global Inc (HSON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Hudson Global Inc has an operating margin of -2.7%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.9% the prior year.

Growth

Hudson Global Inc's revenue declined 13.2% year-over-year, from $161.3M to $140.1M. This contraction results in a growth score of 0/100.

Leverage

100

Hudson Global Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.58, Hudson Global Inc holds $3.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Hudson Global Inc generated -$2.8M in operating cash flow, capex of $18K consumed most of it, leaving -$2.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Hudson Global Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.58x

For every $1 of reported earnings, Hudson Global Inc generates $0.58 in operating cash flow (-$2.8M OCF vs -$4.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$140.1M

YoY-13.2%

5Y CAGR+8.3%

10Y CAGR-13.3%

Hudson Global Inc generated $140.1M in revenue in fiscal year 2024. This represents a decrease of 13.2% from the prior year.

EBITDA

-$2.4M

YoY-185.9%

Hudson Global Inc's EBITDA was -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 185.9% from the prior year.

Free Cash Flow

-$2.8M

YoY-1398.6%

Hudson Global Inc generated -$2.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1398.6% from the prior year.

Net Income

-$4.8M

YoY-317.0%

Hudson Global Inc reported -$4.8M in net income in fiscal year 2024. This represents a decrease of 317.0% from the prior year.

EPS (Diluted)

$-1.59

YoY-327.1%

Hudson Global Inc earned $-1.59 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 327.1% from the prior year.

Cash & Debt

$17.0M

YoY-24.8%

5Y CAGR-11.4%

10Y CAGR-6.7%

Hudson Global Inc held $17.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-2.0%

5Y CAGR-1.3%

Hudson Global Inc had 3M shares outstanding in fiscal year 2024. This represents a decrease of 2.0% from the prior year.

Gross Margin

N/A

Operating Margin

-2.7%

YoY-3.6pp

5Y CAGR-0.9pp

10Y CAGR+0.3pp

Hudson Global Inc's operating margin was -2.7% in fiscal year 2024, reflecting core business profitability. This is down 3.6 percentage points from the prior year.

Net Margin

-3.4%

YoY-4.8pp

5Y CAGR-2.4pp

10Y CAGR-1.1pp

Hudson Global Inc's net profit margin was -3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$2.8M

YoY+189.4%

5Y CAGR-9.4%

Hudson Global Inc spent $2.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 189.4% from the prior year.

Capital Expenditures

$18K

YoY-81.8%

5Y CAGR-26.5%

10Y CAGR-43.4%

Hudson Global Inc invested $18K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.8% from the prior year.

HSON Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$140.1M-13.2%	$161.3M-19.7%	$200.9M+18.7%	$169.2M+66.8%	$101.4M+8.1%	$93.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.7M-1.9%	$10.9M+5.5%	$10.3M+27.6%	$8.1M+22.3%	$6.6M-18.3%	$8.1M
Operating Income	-$3.8M-375.4%	$1.4M-85.2%	$9.3M+112.5%	$4.4M+266.1%	-$2.6M-59.3%	-$1.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.3M+251.4%	$370K-84.1%	$2.3M+108.7%	$1.1M+108.8%	$535K+199.1%	-$540K
Net Income	-$4.8M-317.0%	$2.2M-69.2%	$7.1M+120.9%	$3.2M+359.6%	-$1.2M-30.2%	-$955K
EPS (Diluted)	$-1.59-327.1%	$0.70-69.2%	$2.27+112.1%	$1.07+348.8%	$-0.43	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$48.0M+34.9%	$35.5M+11.5%	$31.9M-5.2%	$33.6M-5.9%	$35.7M+5.4%	$33.9M-0.2%	$34.0M-13.8%	$39.4M
Cost of Revenue	$27.3M	N/A	N/A	$18.3M	N/A	N/A	N/A	N/A
Gross Profit	$20.6M	N/A	N/A	$18.6M	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.8M+72.5%	$2.8M+8.9%	$2.6M+1.0%	$2.5M+5.3%	$2.4M-17.7%	$2.9M+0.2%	$2.9M+16.8%	$2.5M
Operating Income	-$1.6M-679.1%	-$211K+87.8%	-$1.7M-1279.2%	-$125K+33.2%	-$187K+93.8%	-$3.0M-139.9%	-$1.3M-199.2%	$1.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$249K-27.8%	$345K+978.1%	$32K-96.2%	$837K+230.8%	$253K+387.5%	-$88K+88.7%	-$778K-280.9%	$430K
Net Income	-$1.8M-156.4%	-$688K+60.8%	-$1.8M-200.2%	-$585K-32.7%	-$441K+84.8%	-$2.9M-495.4%	$733K+37.5%	$533K
EPS (Diluted)	$-0.54-134.8%	$-0.23+61.0%	$-0.59-181.0%	$-0.21-40.0%	$-0.15+84.2%	$-0.95-495.8%	$0.24+41.2%	$0.17

HSON Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$52.6M-13.7%	$61.0M-10.3%	$67.9M+10.9%	$61.2M+34.9%	$45.4M-2.8%	$46.7M
Current Assets	$40.1M-12.4%	$45.8M-17.4%	$55.5M+12.9%	$49.2M+22.0%	$40.3M-10.3%	$44.9M
Cash & Equivalents	$17.0M-24.8%	$22.6M-16.6%	$27.1M+24.9%	$21.7M-15.9%	$25.8M-17.3%	$31.2M
Inventory	$0	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$20.1M+1.9%	$19.7M-25.0%	$26.3M+2.0%	$25.7M+91.5%	$13.4M+5.1%	$12.8M
Goodwill	$5.7M-0.8%	$5.7M+17.9%	$4.9M+15.5%	$4.2M+102.1%	$2.1M	$0
Total Liabilities	$12.2M-2.0%	$12.4M-44.0%	$22.1M+1.0%	$21.9M+97.4%	$11.1M+4.1%	$10.7M
Current Liabilities	$11.2M+0.1%	$11.2M-46.9%	$21.1M+7.3%	$19.7M+96.8%	$10.0M+5.5%	$9.5M
Long-Term Debt	$0	N/A	N/A	$1.3M	N/A	$0
Total Equity	$40.4M-16.7%	$48.6M+6.0%	$45.8M+16.5%	$39.3M+14.7%	$34.3M-4.9%	$36.0M
Retained Earnings	-$430.0M-1.1%	-$425.2M+0.5%	-$427.4M+1.6%	-$434.5M+0.7%	-$437.8M-0.3%	-$436.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$117.1M+110.8%	$55.6M+4.5%	$53.2M+1.1%	$52.6M0.0%	$52.6M0.0%	$52.6M-13.7%	$61.0M0.0%	$61.0M
Current Assets	$67.8M+56.7%	$43.3M+5.1%	$41.2M+2.7%	$40.1M-4.5%	$42.0M-5.7%	$44.5M-2.8%	$45.8M-6.3%	$49.0M
Cash & Equivalents	$15.4M-8.7%	$16.8M+1.7%	$16.6M-2.7%	$17.0M+16.0%	$14.7M-28.2%	$20.4M-9.7%	$22.6M+4.6%	$21.6M
Inventory	$7.7M	N/A	N/A	$0	N/A	N/A	N/A	N/A
Accounts Receivable	$36.2M+53.9%	$23.5M+10.7%	$21.3M+5.9%	$20.1M0.0%	$20.1M0.0%	$20.1M+1.9%	$19.7M0.0%	$19.7M
Goodwill	$6.0M+3.6%	$5.8M+0.8%	$5.7M+0.2%	$5.7M-0.4%	$5.7M-0.1%	$5.7M-0.4%	$5.7M+18.0%	$4.9M
Total Liabilities	$49.4M+219.6%	$15.4M+12.7%	$13.7M+12.8%	$12.2M-10.4%	$13.6M-8.9%	$14.9M+20.1%	$12.4M-12.2%	$14.1M
Current Liabilities	$32.8M+130.1%	$14.3M+11.5%	$12.8M+13.9%	$11.2M-11.9%	$12.7M-8.3%	$13.9M+23.9%	$11.2M-14.5%	$13.1M
Long-Term Debt	$6.5M	N/A	N/A	$0	N/A	N/A	N/A	N/A
Total Equity	$67.8M+68.9%	$40.1M+1.7%	$39.5M-2.4%	$40.4M-5.0%	$42.6M-3.9%	$44.3M-8.8%	$48.6M+4.1%	$46.6M
Retained Earnings	-$434.2M-0.4%	-$432.5M-0.2%	-$431.8M-0.4%	-$430.0M-0.3%	-$428.6M-0.1%	-$428.1M-0.7%	-$425.2M+0.2%	-$426.0M

HSON Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.8M-984.8%	$315K-96.7%	$9.4M+276.9%	$2.5M+275.8%	-$1.4M+70.5%	-$4.8M
Capital Expenditures	$18K-81.8%	$99K-80.4%	$504K+77.5%	$284K+1190.9%	$22K-73.8%	$84K
Free Cash Flow	-$2.8M-1398.6%	$216K-97.6%	$8.9M+302.4%	$2.2M+253.5%	-$1.4M+70.5%	-$4.9M
Investing Cash Flow	$1.1M+149.1%	-$2.2M-62.4%	-$1.3M+78.9%	-$6.3M-56.7%	-$4.0M-4684.5%	-$84K
Financing Cash Flow	-$3.1M-26.5%	-$2.5M-20.4%	-$2.0M-50825.0%	-$4K+99.6%	-$927K+79.8%	-$4.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.8M+189.4%	$959K-15.2%	$1.1M	$0-100.0%	$2.2M-50.7%	$4.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.7M-2069.8%	$139K+117.3%	-$802K-139.7%	$2.0M+147.3%	-$4.3M-139.4%	-$1.8M-153.5%	$3.3M+565.9%	-$716K
Capital Expenditures	$615K+1562.2%	$37K+516.7%	$6K+250.0%	-$4K-128.6%	$14K+55.6%	$9K-74.3%	$35K+40.0%	$25K
Free Cash Flow	-$3.4M-3387.3%	$102K+112.6%	-$808K-140.1%	$2.0M+147.0%	-$4.3M-139.0%	-$1.8M-154.3%	$3.3M+545.5%	-$741K
Investing Cash Flow	$6.2M+16840.5%	-$37K-516.7%	-$6K-250.0%	$4K+128.6%	-$14K-101.3%	$1.1M+151.1%	-$2.1M-8260.0%	-$25K
Financing Cash Flow	-$2.6M-11113.0%	-$23K-187.5%	-$8K+93.5%	-$123K+91.7%	-$1.5M-35.6%	-$1.1M-429.0%	-$207K+3.3%	-$214K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.6M	$0	$0	$0-100.0%	$1.4M+54.5%	$936K+405.9%	$185K-8.0%	$201K

HSON Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-2.7%-3.6pp	0.9%-3.8pp	4.7%+2.1pp	2.6%+5.2pp	-2.6%-0.8pp	-1.8%
Net Margin	-3.4%-4.8pp	1.4%-2.2pp	3.5%+1.6pp	1.9%+3.1pp	-1.2%-0.2pp	-1.0%
Return on Equity	N/A	4.5%-11.0pp	15.6%+7.4pp	8.2%	N/A	N/A
Return on Assets	-9.1%-12.7pp	3.6%-6.9pp	10.5%+5.2pp	5.3%+8.0pp	-2.7%-0.7pp	-2.0%
Current Ratio	3.58-0.5	4.09+1.5	2.63+0.1	2.50-1.5	4.03-0.7	4.74
Debt-to-Equity	0.00-0.3	0.26-0.2	0.48+0.5	0.03-0.3	0.32+0.3	0.00
FCF Margin	-2.0%-2.1pp	0.1%-4.3pp	4.5%+3.1pp	1.3%+2.7pp	-1.4%+3.8pp	-5.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	43.0%	N/A	N/A	50.5%	N/A	N/A	N/A	N/A
Operating Margin	-3.4%-2.8pp	-0.6%+4.8pp	-5.4%-5.0pp	-0.4%+0.1pp	-0.5%+8.5pp	-9.0%-5.2pp	-3.7%-7.0pp	3.2%
Net Margin	-3.7%-1.7pp	-1.9%+3.6pp	-5.5%-3.8pp	-1.7%-0.5pp	-1.2%+7.3pp	-8.6%-10.7pp	2.2%+0.8pp	1.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	1.5%+0.4pp	1.1%
Return on Assets	-1.5%-0.3pp	-1.2%+2.1pp	-3.3%-2.2pp	-1.1%-0.3pp	-0.8%+4.7pp	-5.5%-6.7pp	1.2%+0.3pp	0.9%
Current Ratio	2.07-1.0	3.04-0.2	3.22-0.4	3.58+0.3	3.30+0.1	3.21-0.9	4.09+0.4	3.73
Debt-to-Equity	0.10-0.3	0.38+0.0	0.35+0.3	0.00-0.3	0.32-0.0	0.34+0.1	0.26-0.0	0.30
FCF Margin	-7.0%-7.3pp	0.3%+2.8pp	-2.5%-8.5pp	6.0%+18.0pp	-12.0%-6.7pp	-5.3%-15.0pp	9.7%+11.6pp	-1.9%

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Frequently Asked Questions

What is Hudson Global Inc's annual revenue?

Hudson Global Inc (HSON) reported $140.1M in total revenue for fiscal year 2024. This represents a -13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hudson Global Inc's revenue growing?

Hudson Global Inc (HSON) revenue declined by 13.2% year-over-year, from $161.3M to $140.1M in fiscal year 2024.

Is Hudson Global Inc profitable?

No, Hudson Global Inc (HSON) reported a net income of -$4.8M in fiscal year 2024, with a net profit margin of -3.4%.

What is Hudson Global Inc's earnings per share (EPS)?

Hudson Global Inc (HSON) reported diluted earnings per share of $-1.59 for fiscal year 2024. This represents a -327.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Hudson Global Inc's EBITDA?

Hudson Global Inc (HSON) had EBITDA of -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Hudson Global Inc have?

As of fiscal year 2024, Hudson Global Inc (HSON) had $17.0M in cash and equivalents against $0 in long-term debt.

What is Hudson Global Inc's operating margin?

Hudson Global Inc (HSON) had an operating margin of -2.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Hudson Global Inc's net profit margin?

Hudson Global Inc (HSON) had a net profit margin of -3.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Hudson Global Inc's free cash flow?

Hudson Global Inc (HSON) generated -$2.8M in free cash flow during fiscal year 2024. This represents a -1398.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hudson Global Inc's operating cash flow?

Hudson Global Inc (HSON) generated -$2.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Hudson Global Inc's total assets?

Hudson Global Inc (HSON) had $52.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Hudson Global Inc's capital expenditures?

Hudson Global Inc (HSON) invested $18K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Hudson Global Inc buy back shares?

Yes, Hudson Global Inc (HSON) spent $2.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Hudson Global Inc have outstanding?

Hudson Global Inc (HSON) had 3M shares outstanding as of fiscal year 2024.

What is Hudson Global Inc's current ratio?

Hudson Global Inc (HSON) had a current ratio of 3.58 as of fiscal year 2024, which is generally considered healthy.

What is Hudson Global Inc's debt-to-equity ratio?

Hudson Global Inc (HSON) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hudson Global Inc's return on assets (ROA)?

Hudson Global Inc (HSON) had a return on assets of -9.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Hudson Global Inc's cash runway?

Based on fiscal year 2024 data, Hudson Global Inc (HSON) had $17.0M in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 73 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Hudson Global Inc's Piotroski F-Score?

Hudson Global Inc (HSON) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hudson Global Inc's earnings high quality?

Hudson Global Inc (HSON) has an earnings quality ratio of 0.58x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Hudson Global Inc?

Hudson Global Inc (HSON) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.