$HDSN

HUDSON TECHNOLOGIES INC /NY

CIK:0000925528|SEC Filings

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Consolidated Statements of Income
Revenues	$ 78,345	$ 72,849	$ 138,496	$ 128,192
Cost of sales	57,655	50,038	105,958	93,313
Gross profit	20,690	22,811	32,538	34,879
Operating expenses:
Selling, general and administrative	12,436	9,265	21,965	17,435
Amortization	856	822	1,711	1,645
Total operating expenses	13,292	10,087	23,676	19,080
Operating income	7,398	12,724	8,862	15,799
Other (income) expense:
Interest income	(47)	(651)	(180)	(1,227)
Income before income taxes	7,445	13,375	9,042	17,026
Income tax expense	2,498	3,207	3,765	4,100
Net income	$ 4,947	$ 10,168	$ 5,277	$ 12,926
Net income per common share - Basic	$ 0.12	$ 0.23	$ 0.13	$ 0.29
Net income per common share - Diluted	$ 0.12	$ 0.23	$ 0.12	$ 0.28
Weighted average number of shares outstanding - Basic	42,070,723	43,631,187	42,195,502	43,843,302
Weighted average number of shares outstanding - Diluted	42,175,117	45,157,911	42,371,567	45,390,662

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 5,277	$ 12,926
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation	1,766	1,502
Amortization of intangible assets	1,711	1,645
Lower of cost or net realizable value inventory adjustment	(5,003)	512
Allowance for credit losses	437	(120)
Share based compensation	847	538
Amortization of deferred finance costs	113	113
Deferred tax expense	2,984	255
Changes in assets and liabilities:
Trade accounts receivable	(26,591)	(22,134)
Inventories	13,939	18,052
Prepaid and other assets	(1,686)	(2,553)
Lease obligations		(1)
Income taxes receivable	(1,058)	3,190
Accounts payable and accrued expenses	1,308	6,644
Cash provided by (used in) operating activities	(5,956)	20,569
Cash flows from investing activities:
Additions to property, plant, and equipment	(1,650)	(1,875)
Cash used in investing activities	(1,650)	(1,875)
Cash flows from financing activities:
Excess tax benefits from exercise of stock options	(3,759)
Repurchase of common shares	(2,491)	(4,535)
Cash used in financing activities	(6,250)	(4,535)
Increase (decrease) in cash and cash equivalents	(13,856)	14,159
Cash and cash equivalents at beginning of period	39,456	70,134
Cash and cash equivalents at end of period	25,600	84,293
Supplemental disclosure of cash flow information:
Cash paid for interest	162	256
Cash paid for income taxes - net	2,189	655
Property and equipment included in accrued expenses and other current liabilities	$ 44	$ 905

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 25,600	$ 39,456
Trade accounts receivable - net of allowance for credit losses of $1,214 and $941, respectively	43,253	17,098
Inventories	128,112	135,923
Income tax receivable	6,974	5,916
Prepaid expenses and other current assets	14,214	12,445
Total current assets	218,153	210,838
Property, plant and equipment, less accumulated depreciation	22,159	23,623
Goodwill	65,282	65,282
Intangible assets, less accumulated amortization	9,584	11,294
Right of use assets	4,760	5,290
Other assets	2,125	2,321
Total Assets	322,063	318,648
Current liabilities:
Accounts payable	22,403	21,112
Accrued expenses and other current liabilities	41,143	38,772
Accrued payroll	2,962	4,712
Other short-term liabilities	1,000
Total current liabilities	67,508	64,596
Deferred tax liability	7,018	4,034
Long-term lease liabilities	2,707	3,233
Long-term severance payable	766	1,595
Other long-term liabilities	800	1,800
Total Liabilities	78,799	75,258
Commitments and contingencies
Stockholders' equity:
Preferred stock, shares authorized 5,000,000: Series A Convertible preferred stock, $0.01 par value ($100 liquidation preference value); shares authorized 150,000; none issued or outstanding
Common stock, $0.01 par value; shares authorized 100,000,000; issued and outstanding: 42,088,547 and 41,647,221, respectively	421	416
Additional paid-in capital	86,284	91,692
Retained earnings	156,559	151,282
Total Stockholders' Equity	243,264	243,390
Total Liabilities and Stockholders' Equity	$ 322,063	$ 318,648