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).
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
A less forgiving cost structure is visible in the margin shape: gross margin slipped to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
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 26/100, suggesting thin profitability after operating expenses. This is up from -2.7% the prior year.
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 43/100.
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 81/100, indicating a strong balance sheet with room for future borrowing.
Hudson Global Inc's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.
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 22/100, reflecting heavy capital investment rather than weak cash generation.
Hudson Global Inc generates a -10.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is up from -11.8% the prior year.
Hudson Global Inc scores -3.19, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($34.6M) relative to total liabilities ($47.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
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
Earnings & Revenue
Hudson Global Inc generated $172.2M in revenue in fiscal year 2025. This represents an increase of 22.9% from the prior year.
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.
Hudson Global Inc reported -$6.7M in net income in fiscal year 2025. This represents a decrease of 39.6% from the prior year.
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
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.
Hudson Global Inc held $10.3M in cash against $6.1M in long-term debt as of fiscal year 2025.
Hudson Global Inc had 4M shares outstanding in fiscal year 2025. This represents an increase of 36.5% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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% |
Similar Companies
Frequently Asked Questions
What is Hudson Global Inc's annual revenue?
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.
How fast is Hudson Global Inc's revenue growing?
Hudson Global Inc (HSON) revenue grew by 22.9% year-over-year, from $140.1M to $172.2M in fiscal year 2025.
Is Hudson Global Inc profitable?
No, Hudson Global Inc (HSON) reported a net income of -$6.7M in fiscal year 2025, with a net profit margin of -3.9%.
What is Hudson Global Inc's EBITDA?
Hudson Global Inc (HSON) had EBITDA of -$1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hudson Global Inc have?
As of fiscal year 2025, Hudson Global Inc (HSON) had $10.3M in cash and equivalents against $6.1M in long-term debt.
What is Hudson Global Inc's gross margin?
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.
What is Hudson Global Inc's operating margin?
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.
What is Hudson Global Inc's net profit margin?
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.
What is Hudson Global Inc's return on equity (ROE)?
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.
What is Hudson Global Inc's free cash flow?
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.
What is Hudson Global Inc's operating cash flow?
Hudson Global Inc (HSON) generated -$7.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hudson Global Inc's total assets?
Hudson Global Inc (HSON) had $113.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hudson Global Inc's capital expenditures?
Hudson Global Inc (HSON) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hudson Global Inc's current ratio?
Hudson Global Inc (HSON) had a current ratio of 2.10 as of fiscal year 2025, 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 0.09 as of fiscal year 2025, 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 -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hudson Global Inc's cash runway?
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.
What is Hudson Global Inc's Altman Z-Score?
Hudson Global Inc (HSON) has an Altman Z-Score of -3.19, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hudson Global Inc's Piotroski F-Score?
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.
Are Hudson Global Inc's earnings high quality?
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.
How financially healthy is Hudson Global Inc?
Hudson Global Inc (HSON) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.