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Hydrofarm Holdings Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$9K in Q2 2026 · −$5.3M over twelve months

Operating cash flow$52K
Capital spending−$61K
Free cash flow−$9K

Analysis

In Q2 2026, Hydrofarm Holdings Group generated $52K of operating cash flow and spent $61K on capital projects, leaving free cash flow of −$9K. That is $1.4M less than in Q2 2025 ($1.4M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$4.7M; the largest uses were operating cash flow ($4.7M), capital spending ($579K), net borrowing (+) / repaid (−) ($487K); besides operations, cash came from other investing ($1.7M); the cash balance fell by $4.4M.

Operating cash flow was $52K against net income of −$10.6M. The largest differences: inventory +$5.6M, receivables +$4.0M, payables −$3.8M.

Free cash flow

Hydrofarm Holdings Group: free cash flow by quarterHydrofarm Holdings Group: free cash flow by quarter−$5.3MQ3 2024$2.4MQ4 2024−$12.0MQ1 2025$1.4MQ2 2025−$207KQ3 2025−$4.3MQ4 2025−$778KQ1 2026−$9KQ2 2026
Operating cash flow less capital spending.
Hydrofarm Holdings Group: operating cash flow against capital spendingHydrofarm Holdings Group: operating cash flow against capital spendingOperating cash flowCapital spending−$4.5M$812KQ3 2024$2.7M$270KQ4 2024−$11.8M$244KQ1 2025$1.7M$281KQ2 2025−$37K$170KQ3 2025−$4.0M$329KQ4 2025−$759K$19KQ1 2026$52K$61KQ2 2026
Latest (Q2 2026): Operating cash flow $52K, Capital spending $61K.

Capital allocation, year by year

Hydrofarm Holdings Group: where the cash came from (up) and went (down), by fiscal yearHydrofarm Holdings Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$45.1MFY2021: Net borrowing $119MFY2021: Shares issued $310MFY2021: Capital spending −$5.4MFY2021: Acquisitions −$462M$429MFY2021FY2022: Operating cash flow $22.0MFY2022: Net borrowing −$2.3MFY2022: Capital spending −$8.2MFY2022: Acquisitions $190K$22.2MFY2022FY2023: Operating cash flow $7.0MFY2023: Net borrowing −$2.3MFY2023: Asset sales $96KFY2023: Capital spending −$4.2M$7.1MFY2023FY2024: Operating cash flow −$324KFY2024: Net borrowing −$4.0MFY2024: Asset sales $861KFY2024: Capital spending −$2.9M$861KFY2024FY2025: Operating cash flow −$14.1MFY2025: Net borrowing −$5.4MFY2025: Asset sales $183KFY2025: Capital spending −$1.0M$183KFY2025
Over these 5 years operating cash flow totalled −$30.4M; the largest uses were acquisitions ($462M) and operating cash flow ($59.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.2M
Debt$114M
Net debt$108M
Due within a year$114M
Cash runway14 months

Hydrofarm Holdings Group is burning cash: its operations consume cash, a free cash flow of −$5.3M a year at the current rate against $6.2M of cash and investments: a runway of about 14 months; $114M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Hydrofarm Holdings Group: debt maturities by year (FY2025)Hydrofarm Holdings Group: debt maturities by year (FY2025)$114MYear 1$21KYear 2$22KYear 3$7KYear 4
Principal due in each year as disclosed in the annual report, against $6.2M of cash and investments now.

Where the cash came from and went

Hydrofarm Holdings Group: sources (+) and uses (−) of cash, Q2 2026Hydrofarm Holdings Group: sources (+) and uses (−) of cash, Q2 2026Other investing$1.5MCash drawn (+) / kept (−)−$1.3MExchange rates−$119KNet borrowing (+) / repaid (−)−$113KCapital spending−$61KOperating cash flow$52K
Hydrofarm Holdings Group: sources (+) and uses (−) of cash, TTM to Q2 2026Hydrofarm Holdings Group: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$4.7MCash drawn (+) / kept (−)$4.4MOther investing$1.7MCapital spending−$579KNet borrowing (+) / repaid (−)−$487KNot reconciled−$167KOther financing−$58KTaxes on employees’ shares−$33K

From profit to cash

Hydrofarm Holdings Group: net income to operating cash flow, Q2 2026Hydrofarm Holdings Group: net income to operating cash flow, Q2 2026Net income−$10.6MDepreciation & amortization$988KStock-based pay$145KOther non-cash−$151KReceivables$4.0MInventory$5.6MPayables−$3.8MAccrued liabilities$1.7MDeferred revenue−$863KPrepaid and other assets$329KOperating cash flow$52K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q4 20253314343134
Q3 20253814643141
Q2 20254111736122
Q1 20254013438136
Q4 20243814129150
Q3 20243615231156

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$52K−$61K−$113K−$1.3M−$9K
Q1 2026−$759K−$19K−$134K$961K−$778K
Q4 2025−$4.0M−$329K−$196K$4.3M−$4.3M
Q3 2025−$37K−$170K−$102K$339K−$207K
Q2 2025$1.7M−$281K−$4.7M$2.7M$1.4M
Q1 2025−$11.8M−$244K—$12.4M−$12.0M
Q4 2024$2.7M−$270K$208K−$1.7M$2.4M
Q3 2024−$4.5M−$812K−$682K$5.9M−$5.3M

Hydrofarm Holdings Group: income statement and cash flow

Hydrofarm Holdings Group, Q2 2026: revenue $23.2M (-41% year over year), operating margin -32.0%. The chart follows the revenue to costs, profit and cash.

Hydrofarm Holdings Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.