Filing Flows › HF Foods Group (HFFG) › Q1 2026
HF Foods Group (HFFG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
HF Foods Group (HFFG) reported revenue of $312M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +1% from the quarter before. Operating margin was 0.3%, net earnings $1.4M (0.4% of revenue).
HF Foods Group, Q1 2026: revenue $312M (+4% year over year), operating margin 0.3%, net earnings $1.4M, operating cash flow $15.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | +1% | +5% |
| Gross profit | $50.5M | -1% | -0.8% |
| Operating profit | $1.0M | — | -10% |
| Net earnings | $1.4M | — | — |
| Operating cash flow | $15.3M | -27% | +120% |
What changed
Revenue was $312.0M in Q1 2026, up 5% year over year and up 1% from the previous quarter. Seafood was the largest line at 37% of revenue. Commodity added $12.3M year over year (up 52%), 91% of the total change. Asian Specialty declined 11%.
Gross margin was 16.2%, down 0.9 points from Q1 2025. Operating profit was $1.0M, a 0.3% margin (down 0.1 points year over year). Operating profit fell $117K even though revenue rose $13.6M versus Q1 2025, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 5%. Net earnings were $1.2M. The effective tax rate was -41.4%.
Operating cash flow was $15.3M (up 120% year over year), 1127% of net income including minority interests. Non-cash charges added back $7.5M of depreciation and amortization and $305K of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $15.3M exceeded it, leaving free cash flow of −$45K.
Questions
What was HF Foods Group's revenue in the first quarter 2026?
HF Foods Group (HFFG) reported revenue of $312M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +1% from the quarter before.
Was HF Foods Group profitable in the first quarter 2026?
Operating profit was $1.0M (0.3% of revenue) and net earnings $1.4M.
Source: HF Foods Group 10-Q on SEC EDGAR.