HYFM · Hydrofarm Holdings Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $29.35M | $39.24M | $40.53M | - | $44.01M | $54.79M | $54.17M | - |
| Cost of Revenue | $26.69M | - | $25.94M | $36.45M | $33.66M | - | $35.49M | $43.94M | $43.25M | - |
| Gross Profit | $1.84M | - | $3.41M | $2.79M | $6.88M | - | $8.52M | $10.85M | $10.93M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.57M | - | $16.36M | $16.14M | $17.86M | - | $17.56M | $18.66M | $19.62M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.38M | - | $1.41M | $1.48M | $7.31M | - | $1.72M | $1.74M | $7.88M | - |
| Operating Income | ($8.73M) | - | ($12.96M) | ($13.35M) | ($10.99M) | - | ($9.04M) | ($19.33M) | ($8.70M) | - |
| Interest Expense | $5.87M | - | $3.33M | $3.39M | $3.93M | - | $3.91M | $3.77M | $3.93M | - |
| Income Tax | ($108.0K) | - | $125.0K | ($98.0K) | $82.0K | - | $279.0K | $390.0K | $196.0K | - |
| Net Income | ($14.61M) | - | ($16.39M) | ($16.86M) | ($14.38M) | - | ($13.15M) | ($23.45M) | ($12.61M) | - |
| EPS - Basic | ($3.07) | - | ($3.51) | ($3.63) | ($3.12) | - | ($2.90) | ($5.10) | ($2.80) | - |
| EPS - Diluted | ($3.07) | - | ($3.51) | ($3.63) | ($3.12) | - | ($2.90) | ($5.10) | ($2.80) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.81M | $6.31M | $10.65M | $10.99M | $13.73M | $26.11M | $24.40M | $30.31M | $24.15M | $30.31M |
| Accounts Receivable | - | $8.19M | $10.01M | $14.30M | $20.92M | $14.76M | $15.76M | $18.57M | $22.47M | $16.89M |
| Inventory | $28.81M | $33.32M | $38.34M | $44.16M | $49.90M | $50.63M | $58.22M | $58.72M | $72.31M | $75.35M |
| Accounts Payable | $14.53M | $9.75M | $11.81M | $12.70M | $16.09M | $12.28M | $10.17M | $13.80M | $15.44M | $12.61M |
| Current Assets | $50.54M | $51.44M | $62.63M | $73.04M | $88.69M | $95.21M | $103.40M | $111.66M | $123.97M | $128.07M |
| Total Assets | $117.76M | $123.80M | $369.68M | $389.88M | $410.56M | $426.10M | $445.94M | $463.36M | $494.02M | $507.64M |
| Current Liabilities | $150.92M | $140.03M | $30.14M | $31.48M | $39.94M | $34.99M | $31.95M | $35.48M | $39.32M | $37.65M |
| Long-term Debt | $44.0K | $50.0K | $111.74M | $111.56M | $109.97M | $114.69M | $114.82M | $114.95M | $115.39M | $115.41M |
| Total Liabilities | $195.90M | $187.10M | $191.40M | $194.87M | $200.61M | $202.38M | $202.96M | $208.35M | $215.99M | $217.03M |
| Stockholders' Equity | ($78.14M) | ($63.30M) | $178.28M | $195.01M | $209.94M | $223.72M | $242.98M | $255.01M | $278.03M | $290.61M |
| Retained Earnings | ($861.86M) | ($847.25M) | ($605.10M) | ($588.71M) | ($571.85M) | ($557.46M) | ($539.95M) | ($526.80M) | ($503.35M) | ($490.74M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($759.0K) | - | - | - | ($11.76M) | - | - | - | ($2.30M) | - |
| Investing Cash Flow | ($19.0K) | - | - | - | ($248.0K) | - | - | - | ($1.41M) | - |
| Financing Cash Flow | ($148.0K) | - | - | - | ($413.0K) | - | - | - | ($2.36M) | - |
| CapEx | $19.0K | - | - | - | $244.0K | - | - | - | $1.44M | - |
| Free Cash Flow | ($778.0K) | - | - | - | ($12.01M) | - | - | - | ($3.74M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 11.6% | 7.1% | 17.0% | - | 19.4% | 19.8% | 20.2% | - |
| Operating margin | - | - | -44.1% | -34.0% | -27.1% | - | -20.5% | -35.3% | -16.1% | - |
| EBITDA margin | - | - | -39.4% | -30.2% | -9.1% | - | -16.6% | -32.1% | -1.5% | - |
| Net margin | - | - | -55.8% | -43.0% | -35.5% | - | -29.9% | -42.8% | -23.3% | - |
| Free cash flow margin | - | - | - | - | -29.6% | - | - | - | -6.9% | - |
| FCF / Net income | 0.05 | - | - | - | 0.83 | - | - | - | 0.30 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 55.8% | 41.1% | 44.1% | - | 39.9% | 34.1% | 36.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -12.4% | - | -4.4% | -4.3% | -3.5% | - | -2.9% | -5.1% | -2.6% | - |
| Return on equity | 18.7% | - | -9.2% | -8.6% | -6.9% | - | -5.4% | -9.2% | -4.5% | - |
| Return on invested capital | - | - | -3.5% | -3.4% | -2.7% | - | -2.0% | -4.1% | -1.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.33 | 0.37 | 2.08 | 2.32 | 2.22 | 2.72 | 3.24 | 3.15 | 3.15 | 3.40 |
| Quick ratio | 0.14 | 0.13 | 0.81 | 0.92 | 0.97 | 1.27 | 1.41 | 1.49 | 1.31 | 1.40 |
| Cash ratio | 0.03 | 0.05 | 0.35 | 0.35 | 0.34 | 0.75 | 0.76 | 0.85 | 0.61 | 0.81 |
| Leverage | ||||||||||
| Debt / Equity | -0.00 | -0.00 | 0.63 | 0.57 | 0.52 | 0.51 | 0.47 | 0.45 | 0.42 | 0.40 |
| Debt / Assets | 0.00 | 0.00 | 0.30 | 0.29 | 0.27 | 0.27 | 0.26 | 0.25 | 0.23 | 0.23 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.5x | - | -3.9x | -3.9x | -2.8x | - | -2.3x | -5.1x | -2.2x | - |
| Equity multiplier | -1.51 | -1.96 | 2.07 | 2.00 | 1.96 | 1.90 | 1.84 | 1.82 | 1.78 | 1.75 |
| Liabilities / Assets | 1.66 | 1.51 | 0.52 | 0.50 | 0.49 | 0.47 | 0.46 | 0.45 | 0.44 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.08 | 0.10 | 0.10 | - | 0.10 | 0.12 | 0.11 | - |
| Inventory turnover | 0.93 | - | 0.68 | 0.83 | 0.67 | - | 0.61 | 0.75 | 0.60 | - |
| Days sales outstanding | - | - | 124d | 133d | 188d | - | 131d | 124d | 151d | - |
| Days inventory outstanding | 394d | - | 539d | 442d | 541d | - | 599d | 488d | 610d | - |
| Days payable outstanding | 199d | - | 166d | 127d | 175d | - | 105d | 115d | 130d | - |
| Cash conversion cycle | - | - | 498d | 448d | 555d | - | 625d | 497d | 631d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | 0.1x | 0.1x | 0.0x | - | 1.3x | 1.2x | 1.8x | - |
| P / S | - | - | 0.5x | 0.4x | 0.2x | - | 7.2x | 5.8x | 9.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | -33.3% | -28.4% | -25.2% | - | -18.8% | -13.1% | -12.9% | - |
| Revenue CAGR (3y) | - | - | -26.6% | -26.2% | -28.6% | - | -29.2% | -25.7% | -6.8% | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -73.3% | - | -60.0% | -74.3% | -37.1% | - | 157.4% | -25.0% | -4.0% | - |
| Operating income growth (YoY) | 20.5% | - | -43.4% | 30.9% | -26.3% | - | 44.3% | -114.9% | 33.4% | - |
| Net income growth (YoY) | -1.6% | - | -24.7% | 28.1% | -14.1% | - | 33.9% | -82.3% | 25.2% | - |
| EPS growth (YoY) | 1.6% | - | -21.0% | 28.8% | -11.4% | - | -559.1% | -1721.4% | -656.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 93.5% | - | - | - | -221.1% | - | - | - | 64.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -26.6% | -23.5% | -24.5% | -23.0% | -20.1% | -21.4% | -16.8% | -16.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$136.84M totalUnited States Segments$107.78M · 78.8%
Canada Segments$29.06M · 21.2%
Product / service
$4.29M totalShipping And Handling$4.29M · 100.0%
Peer comparison
Same SIC group: Wholesale-Miscellaneous Nondurable Goods
Comparing HYDROFARM HOLDINGS GROUP against the 4 most active filers in the same SIC group.