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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $134.25M | $190.29M | $226.58M | $344.50M | $342.20M |
| Cost of Revenue | $119.04M | $158.16M | $188.97M | $315.17M | $278.57M |
| Gross Profit | $15.21M | $32.13M | $37.61M | $29.34M | $63.63M |
| R&D | - | - | - | - | - |
| SG&A | $59.95M | $72.79M | $87.31M | $118.60M | $58.49M |
| Total Operating Expenses | - | - | - | - | - |
| D&A | $23.14M | $30.69M | $32.08M | $41.53M | $6.78M |
| Operating Income | ($276.92M) | ($52.18M) | ($49.70M) | ($281.60M) | $4.28M |
| Interest Expense | $13.43M | $15.24M | $15.44M | $10.96M | $10.14M |
| Income Tax | ($740.0K) | $869.0K | ($213.0K) | ($6.44M) | $576.0K |
| Net Income | ($289.79M) | ($66.72M) | ($64.81M) | ($285.42M) | ($7.27M) |
| EPS - Basic | ($62.35) | ($14.51) | ($14.20) | ($63.50) | ($4.60) |
| EPS - Diluted | ($62.35) | ($14.51) | ($14.20) | ($63.50) | ($4.60) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.31M | $26.11M | $30.31M | $21.29M | $26.61M |
| Accounts Receivable | $8.19M | $14.76M | $16.89M | $17.23M | $41.48M |
| Inventory | $33.32M | $50.63M | $75.35M | $111.40M | $189.13M |
| Accounts Payable | $9.75M | $12.28M | $12.61M | $13.63M | $44.96M |
| Current Assets | $51.44M | $95.21M | $128.07M | $154.95M | $269.38M |
| Total Assets | $123.80M | $426.10M | $507.64M | $573.56M | $891.24M |
| Current Liabilities | $140.03M | $34.99M | $37.65M | $41.60M | $88.42M |
| Long-term Debt | $50.0K | $114.69M | $115.41M | $122.60M | $123.91M |
| Total Liabilities | $187.10M | $202.38M | $217.03M | $223.68M | $256.06M |
| Stockholders' Equity | ($63.30M) | $223.72M | $290.61M | $349.88M | $635.18M |
| Retained Earnings | ($847.25M) | ($557.46M) | ($490.74M) | ($425.93M) | ($140.52M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($14.06M) | ($324.0K) | $7.04M | $21.99M | ($44.83M) |
| Investing Cash Flow | ($841.0K) | $1.67M | ($4.17M) | ($8.49M) | $546.0K |
| Financing Cash Flow | ($5.44M) | ($4.78M) | $6.07M | ($20.20M) | $88.14M |
| CapEx | $1.02M | $2.89M | $4.21M | $8.23M | $1.45M |
| Free Cash Flow | ($15.08M) | ($3.22M) | $2.83M | $13.76M | ($46.27M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 11.3% | 16.9% | 16.6% | 8.5% | 18.6% |
| Operating margin | -206.3% | -27.4% | -21.9% | -81.7% | 1.3% |
| EBITDA margin | -189.0% | -11.3% | -7.8% | -69.7% | 3.2% |
| Net margin | -215.9% | -35.1% | -28.6% | -82.8% | -2.1% |
| Free cash flow margin | -11.2% | -1.7% | 1.2% | 4.0% | -13.5% |
| FCF / Net income | 0.05 | 0.05 | -0.04 | -0.05 | 6.36 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 44.7% | 38.3% | 38.5% | 34.4% | 17.1% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -234.1% | -15.7% | -12.8% | -49.8% | -0.8% |
| Return on equity | 457.8% | -29.8% | -22.3% | -81.6% | -1.1% |
| Return on invested capital | - | -12.2% | -9.7% | -47.1% | 0.4% |
| Liquidity | |||||
| Current ratio | 0.37 | 2.72 | 3.40 | 3.72 | 3.05 |
| Quick ratio | 0.13 | 1.27 | 1.40 | 1.05 | 0.91 |
| Cash ratio | 0.05 | 0.75 | 0.81 | 0.51 | 0.30 |
| Leverage | |||||
| Debt / Equity | -0.00 | 0.51 | 0.40 | 0.35 | 0.20 |
| Debt / Assets | 0.00 | 0.27 | 0.23 | 0.21 | 0.14 |
| Debt / EBITDA | - | - | - | - | 11.20 |
| Interest coverage | -20.6x | -3.4x | -3.2x | -25.7x | 0.4x |
| Equity multiplier | -1.96 | 1.90 | 1.75 | 1.64 | 1.40 |
| Liabilities / Assets | 1.51 | 0.47 | 0.43 | 0.39 | 0.29 |
| Efficiency | |||||
| Asset turnover | 1.08 | 0.45 | 0.45 | 0.60 | 0.38 |
| Inventory turnover | 3.57 | 3.12 | 2.51 | 2.83 | 1.47 |
| Days sales outstanding | 22d | 28d | 27d | 18d | 44d |
| Days inventory outstanding | 102d | 117d | 146d | 129d | 248d |
| Days payable outstanding | 30d | 28d | 24d | 16d | 59d |
| Cash conversion cycle | 95d | 117d | 148d | 131d | 233d |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | 0.1x | 1.4x | 2.0x | 9.5x |
| P / S | 0.1x | 0.1x | 1.8x | 2.0x | 17.6x |
| EV / EBITDA | - | - | - | - | 553.6x |
| Growth | |||||
| Revenue growth (YoY) | -29.4% | -16.0% | -34.2% | 0.7% | - |
| Revenue CAGR (3y) | -27.0% | -17.8% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -52.7% | -14.6% | 28.2% | -53.9% | - |
| Operating income growth (YoY) | -430.7% | -5.0% | 82.3% | - | - |
| Net income growth (YoY) | -334.4% | -2.9% | 77.3% | -3824.3% | - |
| EPS growth (YoY) | -329.7% | -2.2% | 77.6% | -1280.4% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -369.0% | - | -79.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | -23.0% | -16.9% | -44.9% | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-12.32
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Miscellaneous Nondurable Goods
Comparing HYDROFARM HOLDINGS GROUP against the 4 most active filers in the same SIC group.