Hudson Technologies, Inc. (HDSN) reported third-quarter 2026 revenue of $59.4 million, versus $74.0 million a year earlier, and net income of $2.0 million, versus $12.4 million. Gross margin was 25%, compared with 32%. The company attributed lower revenue to a 9% decrease in sales volume and a 17% decrease in selling prices amid continued softness in HFC market pricing. For the first nine months, revenue was $197.9 million versus $202.2 million, and net income was $7.3 million versus $25.3 million.
Sales volume for the nine-month selling season grew 9%, substantially offsetting a 9% decline in selling prices. Operating cash flow for the first nine months was $4.264 million, versus $29.381 million a year earlier. Hudson ended September 30, 2026 with $35.3 million in cash and no debt. It was re-awarded a DLA contract valued at $210 million and entered a joint development agreement with Icorium on next-generation separation technology. The company continues to expect full-year 2026 gross margin in the low-to-mid-twenty percent range.
Hudson Technologies Inc. (HDSN) reported that Hartree Partners, LP, a 10% owner, directly purchased 118,549 shares of common stock on September 24, 2026, at a weighted average price of $5.0987 per share; the purchases ranged from $5.0750 to $5.1000 per share. Hartree reported direct holdings of 5,348,517 shares following the purchase. No Rule 10b5-1 plan is reported. Hartree disclaims beneficial ownership except to the extent of its pecuniary interest.
Hudson Technologies Inc. (HDSN) had two direct purchases reported by Hartree Partners, LP, a ten percent owner, totaling 13,515 shares. Hartree purchased 11,013 shares on September 23, 2026, at $5.1000 per share, and 2,502 shares on September 21, 2026, at a weighted average price of $5.0988. The September 21 purchases were made in multiple transactions at prices ranging from $5.0950 to $5.1000. Hartree disclaimed beneficial ownership except to the extent of its pecuniary interest; no Rule 10b5-1 plan is reported.
HUDSON TECHNOLOGIES INC /NY (HDSN) had a Form 4 filed reporting that Hartree Partners, LP, a ten percent owner, purchased 11,136 shares of common stock on September 16, 2026 at $5.10 per share in an open market or private transaction. Following this purchase, Hartree Partners, LP is reported as holding 5,216,453 shares, while disclaiming beneficial ownership except to the extent of its pecuniary interest.
HUDSON TECHNOLOGIES INC /NY (HDSN) had a Form 4 filed for Hartree Partners, LP, a ten percent owner, reporting an open-market purchase of 5,317 shares of common stock on September 2, 2026, at $5.10 per share. Following this transaction, the reporting party is shown holding 5,205,317 shares, with beneficial ownership disclaimed except to the extent of its pecuniary interest.
HUDSON TECHNOLOGIES INC /NY (HDSN) reported that Hartree Partners, LP, a more-than-10% owner, purchased a total of 100,612 shares of common stock in open-market transactions. On 2026-08-25, Hartree bought 91,166 shares at a weighted average price of $5.4965 per share, with individual trades between $5.48 and $5.50. On 2026-08-24, it bought an additional 9,446 shares at $5.50 per share. The reporting person disclaims beneficial ownership beyond its pecuniary interest, and the trades were not reported as made under a Rule 10b5-1 trading plan.
Hartree Partners, LP, a 10% owner of Hudson Technologies Inc. (HDSN), reported an open-market purchase of 5,198 shares of common stock on 2026-08-12 at $5.50 per share. Following this transaction, Hartree Partners, LP reported holding 5,099,388 shares of Hudson Technologies common stock. Hartree Partners, LP disclaims beneficial ownership of these securities except to the extent of its pecuniary interest.
Hudson Technologies, Inc. reported higher sales but weaker profitability for the quarter and six months ended June 30, 2026. Q2 revenue rose 8% to $78.3 million (first-half $138.5 million, also up 8%), driven mainly by higher refrigerant volumes, partly offset by lower average selling prices.
Gross profit fell to $20.7 million with gross margin compressing to 26% from 31% in Q2 2025, reflecting lower refrigerant pricing and higher freight costs. Selling, general and administrative expenses increased to $12.4 million in Q2 (first-half $22.0 million), primarily from higher personnel, professional and IT costs. Net income declined to $4.9 million in Q2 and $5.3 million year-to-date, down from $10.2 million and $12.9 million, with effective tax rates also higher due to discrete items.
Operating cash flow swung to a $6.0 million outflow in the first half from $20.6 million inflow a year earlier, mainly due to working-capital movements, notably higher receivables. Cash was $25.6 million with working capital of $150.6 million, inventories of $128.1 million, no revolver borrowings and approximately $40 million of availability. The company highlighted continued customer concentration with the U.S. Defense Logistics Agency, which generated $15.8 million of first-half revenue, and noted it was re-awarded a new DLA contract running initially through August 4, 2031, with a five-year extension option.
Hudson Technologies, Inc. reported that the United States Defense Logistics Agency has re-awarded the previously disputed and rescinded Indefinite Delivery Indefinite Quantity (IDIQ) contract, with Hudson again serving as prime contractor. The company has held the prime contractor role with the DLA since 2016.
The re-awarded agreement is valued at $210 million for an initial term running through August 4, 2031, and includes a DLA-held five-year option to extend the term through July 31, 2036. The re-award followed a rebidding process conducted after an unsuccessful bidder filed a bid protest in January 2026 at the U.S. Court of Federal Claims challenging the DLA’s evaluation of proposals and the October 2025 award to Hudson; the DLA rescinded the prior award while assessing the protest.
The Chief Executive Officer stated that the re-award validates the competitive bid process and reflects a decade of support and reliable service to the DLA. Hudson Technologies describes itself as a leading provider of innovative and sustainable refrigerant products and services, including large-scale refrigerant reclamation, on-site refrigerant management services, predictive and diagnostic offerings, and carbon offset project generation.
Hudson Technologies reported Q2 2026 revenue of $78,345, up 8% year over year, driven by 12% higher sales volume and 6% lower pricing. Despite this growth, gross profit and operating income declined, and net income fell to $4,947 from $10,168 in the prior-year quarter. For the first half of 2026, revenue increased but net income decreased, and management lowered its full-year 2026 gross margin target from mid-twenty percent to low-to-mid-twenty percent amid subdued refrigerant pricing and inflationary pressures.
The company highlighted an unlevered balance sheet with $25.6 million of cash at June 30, 2026, but cash flow from operations shifted to a $5,956 outflow versus strong inflows a year earlier. An Illinois facility damaged by a tornado was quickly restored with minimal customer impact, and all related restoration and business-interruption costs are expected to be covered through insurance. Hudson also outlined a planned partnership with Icorium to commercialize patented extractive distillation technology, aiming to improve refrigerant reclamation efficiency and support its longer-term growth and diversification strategy.