Filing Flows › HF Foods Group (HFFG) › Q1 2025
HF Foods Group (HFFG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
HF Foods Group (HFFG) reported revenue of $298M for the first quarter 2025 (Q1 2025), +0.9% from a year earlier and -2% from the quarter before. Operating margin was 0.4%, net loss $1.5M (0.5% of revenue).
HF Foods Group, Q1 2025: revenue $298M (+0.9% year over year), operating margin 0.4%, net loss $1.5M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | -2% | +0.9% |
| Operating profit | $1.2M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $6.9M | -73% | -38% |
| Free cash flow | $3.4M | -85% | -61% |
What changed
Revenue was $298.4M in Q1 2025, up 1% year over year and down 2% from the previous quarter. Seafood was the largest line at 35% of revenue. Seafood added $11.2M year over year (up 12%), 403% of the total change. Asian Specialty declined 24%.
Gross margin was 17.1%, unchanged from a year earlier. Operating profit was $1.2M, a 0.4% margin (up 0.4 points year over year). Operating expenses fell 1% while revenue rose 1%. The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $43.9M loss. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was $6.9M (down 38% year over year). Non-cash charges added back $6.8M of depreciation and amortization and $374K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $3.6M left free cash flow of $3.4M.
Questions
What was HF Foods Group's revenue in the first quarter 2025?
HF Foods Group (HFFG) reported revenue of $298M for the first quarter 2025 (Q1 2025), +0.9% from a year earlier and -2% from the quarter before.
Was HF Foods Group profitable in the first quarter 2025?
Operating profit was $1.2M (0.4% of revenue) and net loss $1.5M.
Source: HF Foods Group 10-Q on SEC EDGAR.