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MARKETS / NASDAQ / HYFM
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
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-100M-200M2019202020212022202320242025
Compound annual growth
−27.0%
−17.1%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2019202020212022202320242025
ROE
FY2025 · ROE -361.3%
-200%-400%2019202020212022202320242025

Each USD of equity lost 361 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.1
5M10M-20M-40M2019202020212022202320242025

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

Equity was negative — liabilities 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
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 %·······
ROE %−361.3−25.9−20.2−57.93.2−6.6−427.4
Shares out B0.000.000.000.050.040.03·

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

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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