Filing Flows › Hydrofarm Holdings Group (HYFM) › Q1 2025
Hydrofarm Holdings Group (HYFM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Hydrofarm Holdings Group (HYFM) reported revenue of $40.5M for the first quarter 2025 (Q1 2025), -25% from a year earlier and +9% from the quarter before. Operating margin was -27.1%, net loss $14.4M (35.5% of revenue).
Hydrofarm Holdings Group, Q1 2025: revenue $40.5M (-25% year over year), operating margin -27.1%, net loss $14.4M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.5M | +9% | -25% |
| Operating profit | −$11.0M | — | — |
| Net earnings | −$14.4M | — | — |
| Operating cash flow | −$11.8M | -543% | — |
What changed
Revenue was $40.5M in Q1 2025, down 25% year over year and up 9% from the previous quarter.
Gross margin was 17.0%, down 3.2 points from a year earlier. Operating costs exceeded revenue by $11.0M, an operating margin of -27.1%. Operating expenses fell 9% while revenue fell 25%. The quarter ended with a net loss of $14.4M, narrower than the previous quarter's $17.5M loss.
Operating cash flow was −$11.8M. Non-cash charges added back $7.3M of depreciation and amortization and $474K of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $244K exceeded it, leaving free cash flow of −$12.0M.
Questions
What was Hydrofarm Holdings Group's revenue in the first quarter 2025?
Hydrofarm Holdings Group (HYFM) reported revenue of $40.5M for the first quarter 2025 (Q1 2025), -25% from a year earlier and +9% from the quarter before.
Was Hydrofarm Holdings Group profitable in the first quarter 2025?
Operating loss was $11.0M (-27.1% of revenue) and net loss $14.4M.