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NASDAQ · WHOLESALE-MISCELLANEOUS NONDURABLE GOODS · SMALL CAP

Hydrofarm Holdings Group, Inc. HYFM

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$134.3M
▼ 29.4% YoY
$-289.8M
$-15.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Hydrofarm Holdings Group, Inc. is an independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, including grow lights, climate control solutions, grow media and nutrients. For the 2025 fiscal year, its net sales were $134.3 million. It reaches commercial farmers and consumers through a network of over 1,800 wholesale customer accounts, connected primarily through its proprietary online ordering platform. In the United States, it operates two distribution centers, in Fairfield, California and Shoemakersville, Pennsylvania, and in Canada it distributes products from locations in Surrey, British Columbia and Cambridge, Ontario. It also operates a manufacturing facility in Eugene, Oregon, in the United States, and manufacturing facilities in Edmonton, Alberta, in Canada. As of December 31, 2025, it had 251 total employees globally, of which 250 were full-time, compared with 286 total employees as of December 31, 2024. Its cost-reduction and restructuring initiatives have included consolidating its facility footprint and integrating its business into one operating segment. The company was incorporated in Delaware in January 2017 under the name Innovation Acquisition One Corp.; its predecessor company, originally called Applied Hydroponics, Inc., was founded in 1977 in Northern California; and it changed its name to Hydrofarm Holdings Group, Inc. on August 3, 2018.

Written from the business description in HYDROFARM HOLDINGS GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.

Growth

USD 134.3M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 134.3 · Net income -289.8
200M400M-150M-300M
201920222025
Compound annual growth
−27.0%
−17.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −17.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−216 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -206.3% · Net -215.9%
-100%-200%
201920222025
ROE
FY2024 · ROE -25.9%
-200%-400%
201920222025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.
Gross margin11.3%
Operating margin-206.3%
Net margin-215.9%
EBITDAUSD -253.8M

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.1
5M10M-20M-40M
201920222025

Total assetsUSD 123.8M
EquityUSD -63.3M
CashUSD 6.3M
Gross debtUSD 111.9M
Net debtUSD 105.6M
Current ratio0.37×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
HYFM, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.10.20.20.30.50.30.2
Operating income $B−0.3−0.1−0.0−0.3−0.00.0−0.0
EBITDA $B−0.3−0.0−0.0−0.20.00.0−0.0
Income tax $B−0.00.0−0.0−0.0−0.00.0−0.0
Net income $B−0.3−0.1−0.1−0.30.0−0.0−0.0
Free cash flow $B−0.0−0.00.00.0−0.1−0.0−0.0
EPS, diluted $−62.35−14.51−14.24−6.350.31−0.46−1.94
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %—−25.9−20.2−57.93.2−6.6−427.4
Shares out B0.000.000.050.050.040.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWholesale-Miscellaneous Nondurable Goods
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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