Filing Flows › HF Foods Group (HFFG) › Q4 2024
HF Foods Group (HFFG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
HF Foods Group (HFFG) reported revenue of $305M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +2% from the quarter before. Operating margin was -13.8%, net loss $43.9M (14.4% of revenue).
HF Foods Group, Q4 2024: revenue $305M (+9% year over year), operating margin -13.8%, net loss $43.9M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $305M | +2% | +9% |
| Operating profit | −$42.2M | — | — |
| Net earnings | −$43.9M | — | — |
| Operating cash flow | $25.9M | — | — |
| Free cash flow | $22.8M | — | — |
What changed
Revenue was $305.3M in Q4 2024, up 9% year over year and up 2% from the previous quarter. Seafood was the largest line at 33% of revenue.
Gross margin was 17.1%, down 1.5 points from a year earlier. Operating costs exceeded revenue by $42.2M, an operating margin of -13.8%. Operating expenses grew 130% against revenue growth of 9%. The quarter ended with a net loss of $43.9M, wider than the previous quarter's $3.8M loss.
Operating cash flow was $25.9M. Non-cash charges added back $6.7M of depreciation and amortization and $127K of share-based compensation. Working capital and other items added $63.0M. Capital expenditures of $3.1M left free cash flow of $22.8M.
Questions
What was HF Foods Group's revenue in the fourth quarter 2024?
HF Foods Group (HFFG) reported revenue of $305M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +2% from the quarter before.
Was HF Foods Group profitable in the fourth quarter 2024?
Operating loss was $42.2M (-13.8% of revenue) and net loss $43.9M.
Source: HF Foods Group 10-K on SEC EDGAR.