HYFM on Nasdaq
HYDROFARM HOLDINGS GROUP, INC.
American wholesale-miscellaneous nondurable goods company.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with NATURAL HEALTH TRENDS CORP, EDUCATIONAL DEVELOPMENT CORP or Vestis Corporation, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
11.3%Gross margin3
-206.3%Operating margin3
-215.9%Net margin3
-29.4%Revenue growth, 20253
-$15.1MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
United States Segments brought in 79% of the revenue HYDROFARM HOLDINGS GROUP, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| United States Segments | $151.7M | $107.8M |
| Canada Segments | $41.6M | $29.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue66¢$119.0M
- Selling, general and admin33¢$59.9M
- Income tax0¢$740.0K
Out of $134.3M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $134.3M | $190.3M |
| Cost of goods sold | $119.0M | $158.2M |
| Gross profit | $15.2M | $32.1M |
| Selling, general and administrative | $59.9M | $72.8M |
| Impairments | $232.2M | $0 |
| Loss on asset disposition | $0 | $11.5M |
| Loss from operations | -$276.9M | -$52.2M |
| Interest expense | -$13.4M | -$15.2M |
| Other (expense) income, net | -$185.0K | $1.6M |
| Loss before tax | -$290.5M | -$65.8M |
| Income tax benefit (expense) | $740.0K | -$869.0K |
| Net loss | -$289.8M | -$66.7M |
| Basic (in dollars per share) | -$62.35 | -$14.51 |
| Diluted (in dollars per share) | -$62.35 | -$14.51 |
| Basic (in shares) | 4.6M shares | 4.6M shares |
| Diluted (in shares) | 4.6M shares | 4.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-01-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $6.3M | $26.1M | ||
| Accounts receivable, net | $8.2M | $14.8M | ||
| Inventories | $33.3M | $50.6M | ||
| Prepaid expenses and other current assets | $3.6M | $3.7M | ||
| Total current assets | $51.4M | $95.2M | ||
| Property, plant and equipment, net | $30.3M | $37.5M | ||
| Operating lease right-of-use assets | $37.8M | $42.9M | ||
| Intangible assets, net | $2.8M | $249.0M | ||
| Other assets | $1.5M | $1.5M | ||
| Total assets | $123.8M | $426.1M | ||
| Accounts payable | $9.8M | $12.3M | ||
| Accrued expenses and other current liabilities | $7.7M | $10.6M | ||
| Deferred revenue | $2.7M | $2.6M | ||
| Current portion of operating lease liabilities | $7.5M | $7.7M | ||
| Current portion of finance lease liabilities | $455.0K | $459.0K | ||
| Current portion of long-term debt | $111.9M | $1.3M | ||
| Total current liabilities | $140.0M | $35.0M | ||
| Long-term operating lease liabilities | $32.8M | $37.6M | ||
| Long-term finance lease liabilities | $7.4M | $7.8M | ||
| Long-term debt | $50.0K | $114.7M | ||
| Deferred tax liabilities | $2.1M | $3.0M | ||
| Other long-term liabilities | $4.7M | $4.3M | ||
| Total liabilities | $187.1M | $202.4M | ||
| Common stock ($0.0001 par value; 300,000,000 shares authorized; 4,667,004 and 4,614,279 shares issued and outstanding at December 31, 2025, and December 31, 2024, respectively) | $0 | $0 | ||
| Additional paid-in capital | $791.2M | $790.1M | ||
| Accumulated other comprehensive loss | -$7.3M | -$8.9M | ||
| Accumulated deficit | -$847.3M | -$557.5M | ||
| Total stockholders (deficit) equity | -$63.3M | $223.7M | $290.6M | |
| Total liabilities and stockholders (deficit) equity | $123.8M | $426.1M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 300.0M shares | 300.0M shares | ||
| Common stock, shares issued (in shares) | 4.7M shares | 4.6M shares | ||
| Common stock, shares outstanding (in shares) | 4.7M shares | 4.6M shares |
| Period ending | 2025-12-31 | 2025-01-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $6.3M | $26.1M | ||
| Accounts receivable, net | $8.2M | $14.8M | ||
| Inventories | $33.3M | $50.6M | ||
| Prepaid expenses and other current assets | $3.6M | $3.7M | ||
| Total current assets | $51.4M | $95.2M | ||
| Property, plant and equipment, net | $30.3M | $37.5M | ||
| Operating lease right-of-use assets | $37.8M | $42.9M | ||
| Intangible assets, net | $2.8M | $249.0M | ||
| Other assets | $1.5M | $1.5M | ||
| Total assets | $123.8M | $426.1M | ||
| Accounts payable | $9.8M | $12.3M | ||
| Accrued expenses and other current liabilities | $7.7M | $10.6M | ||
| Deferred revenue | $2.7M | $2.6M | ||
| Current portion of operating lease liabilities | $7.5M | $7.7M | ||
| Current portion of finance lease liabilities | $455.0K | $459.0K | ||
| Current portion of long-term debt | $111.9M | $1.3M | ||
| Total current liabilities | $140.0M | $35.0M | ||
| Long-term operating lease liabilities | $32.8M | $37.6M | ||
| Long-term finance lease liabilities | $7.4M | $7.8M | ||
| Long-term debt | $50.0K | $114.7M | ||
| Deferred tax liabilities | $2.1M | $3.0M | ||
| Other long-term liabilities | $4.7M | $4.3M | ||
| Total liabilities | $187.1M | $202.4M | ||
| Common stock ($0.0001 par value; 300,000,000 shares authorized; 4,667,004 and 4,614,279 shares issued and outstanding at December 31, 2025, and December 31, 2024, respectively) | $0 | $0 | ||
| Additional paid-in capital | $791.2M | $790.1M | ||
| Accumulated other comprehensive loss | -$7.3M | -$8.9M | ||
| Accumulated deficit | -$847.3M | -$557.5M | ||
| Total stockholders (deficit) equity | -$63.3M | $223.7M | $290.6M | |
| Total liabilities and stockholders (deficit) equity | $123.8M | $426.1M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 300.0M shares | 300.0M shares | ||
| Common stock, shares issued (in shares) | 4.7M shares | 4.6M shares | ||
| Common stock, shares outstanding (in shares) | 4.7M shares | 4.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$289.8M | -$66.7M |
| Depreciation, depletion and amortization | $23.1M | $30.7M |
| Provision for credit losses | $838.0K | $314.0K |
| Provision for inventory obsolescence | $1.4M | $2.0M |
| Restructuring expenses | $4.4M | $806.0K |
| Impairments | $232.2M | $0 |
| Stock-based compensation expense | $1.2M | $2.4M |
| Non-cash operating lease expense | $7.9M | $8.2M |
| Non-cash loss from asset disposition | $0 | $11.1M |
| Other | $126.0K | $1.1M |
| Accounts receivable | $5.7M | $1.6M |
| Inventories | $12.1M | $14.4M |
| Prepaid expenses and other current assets | $120.0K | $1.6M |
| Other assets | -$90.0K | -$55.0K |
| Accounts payable | -$2.7M | $56.0K |
| Accrued expenses and other current liabilities | -$3.0M | $1.6M |
| Deferred revenue | $117.0K | -$601.0K |
| Lease liabilities | -$7.8M | -$8.9M |
| Other long-term liabilities | $59.0K | $11.0K |
| Net cash used in operating activities | -$14.1M | -$324.0K |
| Capital expenditures of property, plant and equipment | -$1.0M | -$2.9M |
| Proceeds from sale of property, plant and equipment | $183.0K | $861.0K |
| Cash proceeds from IGE Asset Sale for property, plant and equipment | $0 | $3.7M |
| Net cash (used in) from investing activities | -$841.0K | $1.7M |
| Payment of withholding tax related to stock awards | -$46.0K | -$142.0K |
| Borrowings under foreign revolving credit facilities | $351.0K | $378.0K |
| Repayments of foreign revolving credit facilities | -$371.0K | -$453.0K |
| Repayments of Term Loan | -$4.9M | -$3.2M |
| Finance lease principal payments | -$463.0K | -$1.4M |
| Net cash used in financing activities | -$5.4M | -$4.8M |
| Effect of exchange rate changes on cash and cash equivalents | $536.0K | -$770.0K |
| Net decrease in cash and cash equivalents | -$19.8M | -$4.2M |
| Right-of-use assets acquired (relinquished) under operating lease obligation | $2.2M | -$1.9M |
| Capital expenditures included in accounts payable and accrued liabilities | $31.0K | $76.0K |
| Additions of leasehold improvements and related asset retirement obligations | $68.0K | $0 |
| Cash paid for interest | $12.7M | $13.3M |
| Cash paid for income taxes | $44.0K | $201.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led HYDROFARM HOLDINGS GROUP, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerBruce John Lindeman Jan 3, 2025 to now10
- Chief executive officerWilliam Douglas Toler Dec 9, 2020 to Jan 3, 202511
- ChairWilliam Douglas Toler Dec 9, 2020 to Nov 4, 202411
- Chief financial officerKevin Patrick Obrien Jan 3, 2025 to now12
- Chief financial officerBruce John Lindeman Dec 9, 2020 to Aug 20, 202413
Board members and other officers (10)
- CAO and Corporate ControllerErica Ackerman Oct 21, 2024 to now14
- Chief Accounting OfficerKevin Patrick Obrien Mar 23, 2022 to Aug 20, 202415
- Chief Accounting OfficerJoseph D. Rumley Jul 14, 2021 to Mar 22, 202216
- Board memberWilliam Douglas Toler Jan 3, 2025 to now17
- Board memberRichard Christopher Yetter Oct 2, 2025 to now18
- Board memberMelisa Denis Dec 9, 2020 to now19
- Board memberPatrick Chung Dec 9, 2020 to now20
- Board memberRenah Persofsky Dec 9, 2020 to now21
- Board memberRichard D. Moss Dec 9, 2020 to Jun 10, 202422
- Board memberSusan Peters Dec 9, 2020 to now23
Former names
- Innovation Acquisition One CorpApr 25, 2017 to Jan 9, 20182
Timeline
Filings
324 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 188 insider forms, 23 large holders, 1 private raises, 41 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- Aug 11, 20264 EDGAR
- Aug 11, 20264 EDGAR
- Aug 6, 20268-K EDGAR
- Jul 9, 20268-K EDGAR
- Jun 26, 20268-K EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 25, 20264 EDGAR
- Jun 22, 20268-K EDGAR
- May 28, 2026DEFA14A EDGAR
- May 15, 202610-Q EDGAR
- May 15, 20268-K EDGAR
- Apr 30, 2026DEFA14A EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Apr 30, 2026ARS EDGAR
- Apr 20, 20268-K FORM 8-K 4.14.26 AUDITOR CHANGE EDGAR
The 324 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 23 such filings since October 2021, the latest 10:
- Oct 14, 2025SCHEDULE 13D
- Mar 25, 2025SCHEDULE 13G/A
- Mar 12, 2025SCHEDULE 13G/A
- Mar 5, 2025SCHEDULE 13G/A
- Jan 29, 2025SCHEDULE 13G/A
- Nov 12, 2024SCHEDULE 13G/A
- Oct 15, 2024SCHEDULE 13G/A
- Oct 9, 2024SCHEDULE 13G/A
- Oct 3, 2024SCHEDULE 13G
- Mar 28, 2024SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 1, 2021Raised $11.1 million in a private offering of equity Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARWilliam Douglas Toler, Board member
- 18
- 19SEC EDGARMelisa Denis, Board member
- 20SEC EDGARPatrick Chung, Board member
- 21SEC EDGARRenah Persofsky, Board member
- 22SEC EDGARRichard D. Moss, Board member
- 23SEC EDGARSusan Peters, Board member