Hydrofarm Holdings Group, Inc. (HYFM) Financial Statements
Industry: Miscellaneous Nondurable Goods (Wholesale)
In fiscal 2025, Hydrofarm reported revenue of $134.3M, down 29.4% from $190.3M the year before. Net income was -$289.8M (a -215.9% net margin), or -$62.35 per diluted share. Gross margin was 11.3% and operating margin was -206.3%. Operating activities generated -$14.1M of cash, leaving -$15.1M of free cash flow. At fiscal year end, Hydrofarm held $123.8M in total assets against $187.1M in total liabilities, including $6.3M of cash and equivalents.
Open the full interactive Hydrofarm financials → Quarterly statements, key ratios, valuation history and price charts.
Hydrofarm Key Stats
| Share Price | $0.78 |
|---|---|
| Market Cap | $3.7M |
| Revenue YoY Growth | -29.4% |
| 52-Week Range | $0.54 – $3.11 |
| Shares Outstanding | 4.8 million (basic, 2026 Q2) |
Hydrofarm Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $479.4M | $344.5M | $226.6M | $190.3M | $134.3M |
| Cost of Goods Sold | $377.9M | $315.2M | $189.0M | $158.2M | $119.0M |
| Gross Profit | $101.5M | $29.3M | $37.6M | $32.1M | $15.2M |
| Operating Income | -$2.7M | -$281.6M | -$49.7M | -$52.2M | -$276.9M |
| Pre-Tax Income | -$5.7M | -$291.9M | -$65.0M | -$65.8M | -$290.5M |
| Income Tax | -$19.1M | -$6.4M | -$213,000 | $869,000 | -$740,000 |
| Net Income | $13.4M | -$285.4M | -$64.8M | -$66.7M | -$289.8M |
| Diluted EPS | $3.10 | -$63.50 | -$14.20 | -$14.51 | -$62.35 |
Hydrofarm Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29.4M | $25.1M | $28.5M | $23.2M |
| Net Income | -$16.4M | -$242.2M | -$14.6M | -$10.6M |
| Diluted EPS | -$3.51 | -$52.10 | -$3.07 | -$2.23 |
Hydrofarm Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $26.6M | $21.3M | $30.3M | $26.1M | $6.3M |
| Current Assets | $269.4M | $154.9M | $128.1M | $95.2M | $51.4M |
| Total Assets | $891.2M | $573.6M | $507.6M | $426.1M | $123.8M |
| Current Liabilities | $88.4M | $41.6M | $37.7M | $35.0M | $140.0M |
| Total Long-Term Debt | $126.2M | $124.6M | $118.4M | $116.0M | $111.9M |
| Total Liabilities | $256.1M | $223.7M | $217.0M | $202.4M | $187.1M |
| Shareholders' Equity | $635.2M | $349.9M | $290.6M | $223.7M | -$63.3M |
Hydrofarm Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$45.1M | $22.0M | $7.0M | -$324,000 | -$14.1M |
| Cash From Investing | -$468.2M | -$8.5M | -$4.2M | $1.7M | -$841,000 |
| Cash From Financing | $464.7M | -$20.2M | $6.1M | -$4.8M | -$5.4M |
| Free Cash Flow | -$50.5M | $13.8M | $2.8M | -$3.2M | -$15.1M |
Figures from Hydrofarm's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hydrofarm financials page for every line item.
Hydrofarm Company Profile
| Ticker | HYFM |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Nondurable Goods (Wholesale) |
| Headquarters | Shoemakersville, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001695295 |
Frequently Asked Questions
What was Hydrofarm's revenue in fiscal 2025?
Hydrofarm (HYFM) reported revenue of $134.3M for fiscal 2025.
What is Hydrofarm's annual revenue history?
Hydrofarm's annual revenue by fiscal year: 2021: $479.4M; 2022: $344.5M; 2023: $226.6M; 2024: $190.3M; 2025: $134.3M.
What was Hydrofarm's net income in fiscal 2025?
Hydrofarm reported net income of -$289.8M for fiscal 2025.
What was Hydrofarm's earnings per share (EPS) in fiscal 2025?
Hydrofarm's diluted EPS was -$62.35 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hydrofarm generate in fiscal 2025?
Hydrofarm generated -$15.1M of free cash flow in fiscal 2025.
What was Hydrofarm's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hydrofarm reported revenue of $23.2M.
How much debt does Hydrofarm have?
Hydrofarm reported $111.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hydrofarm are outstanding?
Hydrofarm reported a weighted average of 4.8 million basic shares outstanding in 2026 Q2.
What is Hydrofarm's market cap?
Based on its latest closing price, Hydrofarm (HYFM) has a market capitalization of about $3.7M.
When does Hydrofarm's fiscal year end?
Hydrofarm's fiscal year end, as registered with the SEC, is December 31.
Where is Hydrofarm headquartered?
Hydrofarm lists its business address in Shoemakersville, Pennsylvania in its SEC filings.