Filing Flows › Industrials › Hydrofarm Holdings Group (HYFM)
Hydrofarm Holdings Group (HYFM) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Hydrofarm Holdings Group (HYFM) Q2 2026 earnings results →
Q2 2026 Revenue down 41% year over year to $23.2M · 46¢ of every $1 of revenue lost · operating margin -32.0%
Hydrofarm Holdings Group made $23.2M in Q2 2026 (-41% Y/Y). Operating margin -32.0%, net loss $10.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $23.2M in Q2 2026, down 41% year over year and down 19% from the previous quarter.
Gross margin was 11.3%, up 4.2 points from Q2 2025. Operating costs exceeded revenue by $7.4M, an operating margin of -32.0%. Operating expenses fell 38% while revenue fell 41%. The quarter ended with a net loss of $10.6M, narrower than the previous quarter's $14.6M loss.
Operating cash flow was $52K (down 97% year over year). Non-cash charges added back $1.0M of depreciation and amortization and $145K of share-based compensation. Working capital and other items added $9.6M. Capital expenditures of $61K exceeded it, leaving free cash flow of −$9K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $23.2M | -41% | -32.0% | −$10.6M | $52K |
| Q1 2026 | 10-Q | May 15, 2026 | $28.5M | -30% | -30.6% | −$14.6M | −$759K |
| Q4 2025 | 10-K | Mar 27, 2026 | $25.1M | -33% | -953.8% | −$242M | −$4.0M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $29.4M | -33% | -44.1% | −$16.4M | −$37K |
| Q2 2025 | 10-Q | Aug 12, 2025 | $39.2M | -28% | -34.0% | −$16.9M | $1.7M |
| Q1 2025 | 10-Q | May 13, 2025 | $40.5M | -25% | -27.1% | −$14.4M | −$11.8M |
| Q4 2024 | 10-K | Mar 5, 2025 | $37.3M | -21% | -40.5% | −$17.5M | $2.7M |
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Hydrofarm Holdings Group
We are a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), including grow lights, climate control solutions, grow media and nutrients, as well as a broad portfolio of innovative and proprietary branded products. We primarily serve the U.S. and Canadian markets, and believe we are one of the leading companies in these markets in an otherwise fragmented industry. For over 40 years, we have helped growers make growing easier and more productive. Our mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency, and speed in their grow projects. For the 2025 fiscal year, our net sales were $134.3 million.
In its own words, from its 10-K, filed Mar 27, 2026.
Hydrofarm Holdings Group against its Wholesale-Miscellaneous Nondurable Goods peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -41% against the peers' median -8%. Operating margin: -32.0% against the peers' median -32.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HYFM Hydrofarm Holdings Group | Q2 2026 | $23.2M | -41% | -32.0% |
| CENT Central Garden & Pet | Q3 FY26 | $882M | -8% | 14.3% |
| VSTS Vestis | Q3 FY26 | $662M | -2% | 5.6% |
| NHTC Natural Health Trends | Q3 2026 | $7.6M | -20% | -3.7% |
| EDUC Educational Development | Q2 FY27 | $4.1M | -12% | -38.4% |
| QPRC Quest Patent Research | Q2 2026 | $2.0M | — | -74.5% |
| STRG Starguide Group | Q4 FY26 | $88 | +319% | n/m |
Source: Hydrofarm Holdings Group 10-Q on SEC EDGAR · CIK 1695295 · Wholesale-Miscellaneous Nondurable Goods
13F: who owns HYFM and who is buying
More on HYFM
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
Compare HYFM with
- Hydrofarm Holdings Group vs Central Garden & Pet (HYFM vs CENT)
- Hydrofarm Holdings Group vs Vestis (HYFM vs VSTS)
- Hydrofarm Holdings Group vs Natural Health Trends (HYFM vs NHTC)
- Hydrofarm Holdings Group vs Educational Development (HYFM vs EDUC)
- Hydrofarm Holdings Group vs Quest Patent Research (HYFM vs QPRC)