HYDROFARM HOLDINGS GROUP, INC. HYFM

Industrials SIC 5190 - Wholesale-Miscellaneous Nondurable Goods NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Miscellaneous Nondurable Goods Merchant Wholesalers derived Nasdaq

We are a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), including grow lights, climate control solutions, grow media and nutrients, as well as a broad portfolio of innovative and proprietary branded products. We primarily serve the U.S. and Canadian markets, and believe we are one of the leading companies in these markets in an otherwise fragmented industry. For over 40 years, we have helped growers make growing easier and more productive. Our mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency, and speed in their grow projects. For the 2025 fiscal year, our net sales were $134.3 million.

Last close 0.80 2026-10-23
Market cap $3.8M 2026-06-30 share count
52-week range 0.50 - 3.20

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-62.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $134.3M$190.3M$226.6M$344.5M$479.4M$342.2M$235.1M—
Cost of revenue $119.0M$158.2M$189.0M$315.2M$377.9M$278.6M$208.0M—
Gross profit $15.2M$32.1M$37.6M$29.3M$101.5M$63.6M$27.1M—
SG&A $59.9M$72.8M$87.3M$118.6M$104.2M$58.5M$43.8M—
Operating income -$276.9M-$52.2M-$49.7M-$281.6M-$2.7M$4.3M-$26.7M—
Interest expense $13.4M$15.2M$15.4M$11.0M$2.1M$10.1M$13.5M—
Pre-tax income -$290.5M-$65.8M-$65.0M-$291.9M-$5.7M-$6.7M-$40.8M—
Income tax $740.0K$869.0K$213.0K$6.4M$19.1M$576.0K$691.0K—
Net income -$289.8M-$66.7M-$64.8M-$285.4M$13.4M-$7.3M-$40.1M—
EPS, basic -62.35-14.51-14.24-6.350.34-0.46-1.94—
EPS, diluted -62.35-14.51-14.24-6.350.31-0.46-1.94—
Shares, diluted (wtd. avg.) 4.6M4.6M4.6M45.0M43.0M21.3M20.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $6.3M$26.1M$30.3M$21.3M$28.4M$77.0M$22.9M$27.9M
Receivables $8.2M$14.8M$16.9M$17.2M$41.5M$21.6M——
Inventory $33.3M$50.6M$75.4M$111.4M$189.1M$88.6M——
Total current assets $51.4M$95.2M$128.1M$154.9M$269.4M$199.9M——
Property, plant and equipment —$37.5M$47.4M—————
Goodwill ——$0$0$204.9M$0——
Other intangibles $2.8M$249.0M$275.9M$300.4M$314.8M$52.4M——
Total assets $123.8M$426.1M$507.6M$573.6M$891.2M$275.8M——
Accounts payable $9.8M$12.3M$12.6M$13.6M$26.7M$22.6M——
Short-term debt $111.9M$1.3M$3.0M$1.3M$1.5M———
Total current liabilities $140.0M$35.0M$37.7M$41.6M$88.4M$48.7M——
Long-term debt $50.0K$114.7M$115.4M$117.5M$121.8M$1.0M——
Total liabilities $187.1M$202.4M$217.0M$223.7M$256.1M$64.9M——
Retained earnings -$847.3M-$557.5M-$490.7M-$425.9M-$140.5M-$153.9M——
Total equity -$63.3M$223.7M$290.6M$349.9M$635.2M$210.9M$9.4M$47.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$14.1M-$324.0K$7.0M$22.0M-$45.1M-$44.8M-$13.3M—
Depreciation and amortisation $23.1M$30.7M$32.1M$41.5M$14.9M$6.8M$7.0M—
Stock-based compensation $1.2M$2.4M$5.1M$8.4M$5.0M$8.9M$208.0K—
Capital expenditure $1.0M$2.9M$4.2M$8.2M$5.4M$1.4M$768.0K—
Investing cash flow -$841.0K$1.7M-$4.2M-$8.5M-$468.2M$546.0K-$3.8M—
Financing cash flow -$5.4M-$4.8M$6.1M-$20.2M$464.7M$88.1M$19.9M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014214.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M 600M Revenue, FY2019: 235.1M Gross profit, FY2019: 27.1M Net income, FY2019: -40.1M Revenue, FY2020: 342.2M Gross profit, FY2020: 63.6M Net income, FY2020: -7.3M Revenue, FY2021: 479.4M Gross profit, FY2021: 101.5M Net income, FY2021: 13.4M Revenue, FY2022: 344.5M Gross profit, FY2022: 29.3M Net income, FY2022: -285.4M Revenue, FY2023: 226.6M Gross profit, FY2023: 37.6M Net income, FY2023: -64.8M Revenue, FY2024: 190.3M Gross profit, FY2024: 32.1M Net income, FY2024: -66.7M Revenue, FY2025: 134.3M Gross profit, FY2025: 15.2M Net income, FY2025: -289.8M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $235.1M $342.2M $479.4M $344.5M $226.6M $190.3M $134.3M
Gross profit — $27.1M $63.6M $101.5M $29.3M $37.6M $32.1M $15.2M
Net income — -$40.1M -$7.3M $13.4M -$285.4M -$64.8M -$66.7M -$289.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Material agreement signed Item 1.01
  • Delisting notice Item 3.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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