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Hudson Global Inc Financials

HSON
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 17 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).

Rhea AI HSON FY2025

FY2025's revenue rebound was absorbed by a working-capital surge, leaving the business larger on paper but hungrier for cash.

FY2025 revenue rebounded to $172.2M, yet operating cash flow worsened to -$7.3M. Because the operating loss changed little from FY2024 while accounts receivable climbed to $35.2M, the recovery appears to have tied more cash up in day-to-day operations instead of converting sales back into liquidity.

The last two years mark a clear earnings-quality break from FY2021-FY2023: profits and cash once moved together, but FY2024 and FY2025 both produced losses and negative free cash flow. In FY2025, free cash flow fell to -$9.0M, meaning even a lighter capital-spending base could not offset the cash demands of operations and working capital.

A less forgiving cost structure is visible in the margin shape: gross margin slipped to 46.4% from 50.1%. Meanwhile, SG&A rose to $14.8M, so the sales recovery still failed to reach operating profit.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 35 / 100
Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Hudson Global Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
18

Hudson Global Inc has an operating margin of -2.1%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -2.7% the prior year.

Growth
39

Hudson Global Inc's revenue surged 22.9% year-over-year to $172.2M, reflecting rapid business expansion. This strong growth earns a score of 39/100.

Leverage
100

Hudson Global Inc carries a low D/E ratio of 0.09, meaning only $0.09 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
38

Hudson Global Inc's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
17

While Hudson Global Inc generated -$7.3M in operating cash flow, capex of $1.7M consumed most of it, leaving -$9.0M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Hudson Global Inc generates a -10.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -11.8% the prior year.

Piotroski F-Score Weak
1/9

Hudson Global Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
1.09x

For every $1 of reported earnings, Hudson Global Inc generates $1.09 in operating cash flow (-$7.3M OCF vs -$6.7M 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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Earnings & Revenue

Revenue
$172.2M
YoY+22.9%
5Y CAGR+11.2%
10Y CAGR-9.4%

Hudson Global Inc generated $172.2M in revenue in fiscal year 2025. This represents an increase of 22.9% from the prior year.

EBITDA
-$1.6M
YoY+34.2%

Hudson Global Inc's EBITDA was -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.2% from the prior year.

Net Income
-$6.7M
YoY-39.6%

Hudson Global Inc reported -$6.7M in net income in fiscal year 2025. This represents a decrease of 39.6% from the prior year.

EPS (Diluted)
$-1.85
YoY-16.4%

Hudson Global Inc earned $-1.85 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$9.0M
YoY-219.4%

Hudson Global Inc generated -$9.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 219.4% from the prior year.

Cash & Debt
$10.3M
YoY-39.6%
5Y CAGR-16.8%
10Y CAGR-12.2%

Hudson Global Inc held $10.3M in cash against $6.1M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
4M
YoY+36.5%
5Y CAGR+6.9%

Hudson Global Inc had 4M shares outstanding in fiscal year 2025. This represents an increase of 36.5% from the prior year.

Margins & Returns

Gross Margin
46.4%
YoY-3.7pp
10Y CAGR+5.9pp

Hudson Global Inc's gross margin was 46.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.

Operating Margin
-2.1%
YoY+0.6pp
5Y CAGR+0.5pp
10Y CAGR-2.8pp

Hudson Global Inc's operating margin was -2.1% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin
-3.9%
YoY-0.5pp
5Y CAGR-2.6pp
10Y CAGR-4.4pp

Hudson Global Inc's net profit margin was -3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity
-10.1%
YoY+1.7pp
5Y CAGR-6.5pp
10Y CAGR-13.9pp

Hudson Global Inc's ROE was -10.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$2.6M
YoY-4.9%
5Y CAGR+3.3%
10Y CAGR+6.6%

Hudson Global Inc spent $2.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 4.9% from the prior year.

Capital Expenditures
$1.7M
YoY+9361.1%
5Y CAGR+138.6%
10Y CAGR-5.7%

Hudson Global Inc invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9361.1% from the prior year.

HSON Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $50.1M-11.9% $56.8M+18.4% $48.0M+34.9% $35.5M+11.5% $31.9M-5.2% $33.6M-8.8% $36.9M+3.2% $35.7M
Cost of Revenue $29.5M N/A $27.3M N/A $15.5M N/A $18.3M N/A
Gross Profit $20.6M N/A $20.6M N/A $16.4M N/A $18.6M N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $4.6M-1.5% $4.7M-3.2% $4.8M+72.5% $2.8M+8.9% $2.6M+1.0% $2.5M-10.1% $2.8M+17.0% $2.4M
Operating Income -$4.0M-3583.5% -$109K+93.4% -$1.6M-679.1% -$211K+87.8% -$1.7M-1279.2% -$125K+72.6% -$457K-144.4% -$187K
Interest Expense $29K N/A N/A N/A N/A N/A N/A N/A
Income Tax -$266K-118.5% $1.4M+476.3% $249K-27.8% $345K+978.1% $32K-96.2% $837K+180.9% $298K+17.8% $253K
Net Income -$3.8M-54.9% -$2.4M-38.8% -$1.8M-156.4% -$688K+60.8% -$1.8M-200.1% -$585K+30.8% -$846K-91.8% -$441K
EPS (Diluted) $-1.01 N/A $-0.54-134.8% $-0.23+61.0% $-0.59 N/A $-0.28-86.7% $-0.15

HSON Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $108.5M-4.2% $113.2M-3.3% $117.1M+110.8% $55.6M-50.9% $113.2M+115.3% $52.6M0.0% $52.6M0.0% $52.6M
Current Assets $58.1M-7.1% $62.5M-7.9% $67.8M+56.7% $43.3M+5.1% $41.2M+2.7% $40.1M-6.7% $43.0M+2.4% $42.0M
Cash & Equivalents $8.1M-21.2% $10.3M-33.2% $15.4M-8.7% $16.8M+1.7% $16.6M-2.7% $17.0M+7.4% $15.8M+8.0% $14.7M
Inventory $7.1M+1.2% $7.0M-9.8% $7.7M N/A N/A $0 N/A N/A
Accounts Receivable $32.8M-6.8% $35.2M-2.8% $36.2M+53.9% $23.5M-33.1% $35.2M+75.3% $20.1M0.0% $20.1M0.0% $20.1M
Goodwill $5.9M-0.5% $5.9M-0.4% $6.0M+3.6% $5.8M+0.8% $5.7M+0.2% $5.7M-1.2% $5.8M+0.8% $5.7M
Total Liabilities $47.5M0.0% $47.5M-3.7% $49.4M+219.6% $15.4M-79.1% $73.8M+506.8% $12.2M-14.5% $14.2M+4.8% $13.6M
Current Liabilities $27.8M-6.9% $29.8M-9.1% $32.8M+130.1% $14.3M+11.5% $12.8M+13.9% $11.2M-14.6% $13.1M+3.2% $12.7M
Long-Term Debt $5.6M-7.7% $6.1M-7.1% $6.5M N/A N/A $0 N/A N/A
Total Equity $61.0M-7.2% $65.7M-3.0% $67.8M+68.9% $40.1M+1.7% $39.5M-2.4% $40.4M-5.9% $42.9M+0.9% $42.6M
Retained Earnings -$439.7M-0.9% -$435.9M-0.4% -$434.2M-0.4% -$432.5M-0.2% -$431.8M-0.4% -$430.0M-0.1% -$429.4M-0.2% -$428.6M

HSON Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$1.4M+63.8% -$3.9M-40.8% -$2.7M-2069.8% $139K+117.3% -$802K-139.7% $2.0M+61.5% $1.3M+129.3% -$4.3M
Capital Expenditures $1.3M+23.6% $1.0M+69.9% $615K+1562.2% $37K+516.7% $6K+250.0% -$4K-300.0% -$1K-107.1% $14K
Free Cash Flow -$2.7M+45.1% -$4.9M-46.1% -$3.4M-3387.3% $102K+112.6% -$808K-140.1% $2.0M+61.3% $1.3M+129.2% -$4.3M
Investing Cash Flow $1.9M+219.4% -$1.6M-125.5% $6.2M+16840.5% -$37K-516.7% -$6K-250.0% $4K+300.0% $1K+107.1% -$14K
Financing Cash Flow -$3.5M-637.4% $652K+125.3% -$2.6M-11113.0% -$23K-187.5% -$8K+93.5% -$123K+69.2% -$399K+73.1% -$1.5M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $712K+978.8% $66K-97.4% $2.6M $0 $0 $0-100.0% $393K-72.8% $1.4M

HSON Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 41.1% N/A 43.0% N/A 51.5% N/A 50.5% N/A
Operating Margin -8.0%-7.8pp -0.2%+3.2pp -3.4%-2.8pp -0.6%+4.8pp -5.4%-5.0pp -0.4%+0.9pp -1.2%-0.7pp -0.5%
Net Margin -7.6%-3.3pp -4.3%-0.6pp -3.7%-1.7pp -1.9%+3.6pp -5.5%-3.8pp -1.7%+0.6pp -2.3%-1.1pp -1.2%
Return on Equity -6.2%-2.5pp -3.7%-1.1pp -2.6%-0.9pp -1.7%+2.7pp -4.5%-3.0pp -1.4%+0.5pp -2.0%-0.9pp -1.0%
Return on Assets -3.5%-1.3pp -2.2%-0.7pp -1.5%-0.3pp -1.2%+0.3pp -1.6%-0.4pp -1.1%+0.5pp -1.6%-0.8pp -0.8%
Current Ratio 2.090.0 2.10+0.0 2.07-1.0 3.04-0.2 3.22-0.4 3.58+0.3 3.27-0.0 3.30
Debt-to-Equity 0.090.0 0.090.0 0.10-0.3 0.38-1.5 1.87+1.9 0.00-0.3 0.33+0.0 0.32
FCF Margin -5.4%+3.3pp -8.6%-1.6pp -7.0%-7.3pp 0.3%+2.8pp -2.5%-8.5pp 6.0%+2.6pp 3.4%+15.4pp -12.0%

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Frequently Asked Questions

Hudson Global Inc (HSON) reported $172.2M in total revenue for fiscal year 2025. This represents a 22.9% 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.

Hudson Global Inc (HSON) revenue grew by 22.9% year-over-year, from $140.1M to $172.2M in fiscal year 2025.

No, Hudson Global Inc (HSON) reported a net income of -$6.7M in fiscal year 2025, with a net profit margin of -3.9%.

Hudson Global Inc (HSON) reported diluted earnings per share of $-1.85 for fiscal year 2025. This represents a -16.4% 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.

Hudson Global Inc (HSON) had EBITDA of -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Hudson Global Inc (HSON) had $10.3M in cash and equivalents against $6.1M in long-term debt.

Hudson Global Inc (HSON) had a gross margin of 46.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Hudson Global Inc (HSON) had an operating margin of -2.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Hudson Global Inc (HSON) had a net profit margin of -3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Hudson Global Inc (HSON) has a return on equity of -10.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Hudson Global Inc (HSON) generated -$9.0M in free cash flow during fiscal year 2025. This represents a -219.4% 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.

Hudson Global Inc (HSON) generated -$7.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Hudson Global Inc (HSON) had $113.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Hudson Global Inc (HSON) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Hudson Global Inc (HSON) spent $2.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Hudson Global Inc (HSON) had 4M shares outstanding as of fiscal year 2025.

Hudson Global Inc (HSON) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.

Hudson Global Inc (HSON) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Hudson Global Inc (HSON) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Hudson Global Inc (HSON) had $10.3M in cash against an annual operating cash burn of $7.3M. This gives an estimated cash runway of approximately 17 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.

Hudson Global Inc (HSON) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Hudson Global Inc (HSON) has an earnings quality ratio of 1.09x, 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.

Hudson Global Inc (HSON) scores 35 out of 100 on our Financial Profile, indicating weak 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.

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