Filing Flows › Hydrofarm Holdings Group (HYFM) › Q1 2026
Hydrofarm Holdings Group (HYFM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Hydrofarm Holdings Group (HYFM) reported revenue of $28.5M for the first quarter 2026 (Q1 2026), -30% from a year earlier and +14% from the quarter before. Operating margin was -30.6%, net loss $14.6M (51.2% of revenue).
Hydrofarm Holdings Group, Q1 2026: revenue $28.5M (-30% year over year), operating margin -30.6%, net loss $14.6M, operating cash flow −$759K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.5M | +14% | -30% |
| Operating profit | −$8.7M | — | — |
| Net earnings | −$14.6M | — | — |
| Operating cash flow | −$759K | — | — |
What changed
Revenue was $28.5M in Q1 2026, down 30% year over year and up 14% from the previous quarter.
Gross margin was 6.4%, down 10.5 points from Q1 2025. Operating costs exceeded revenue by $8.7M, an operating margin of -30.6%. Operating expenses fell 41% while revenue fell 30%. The quarter ended with a net loss of $14.6M, narrower than the previous quarter's $242.2M loss.
Operating cash flow was −$759K. Non-cash charges added back $1.0M of depreciation and amortization and $167K of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $19K exceeded it, leaving free cash flow of −$778K.
Questions
What was Hydrofarm Holdings Group's revenue in the first quarter 2026?
Hydrofarm Holdings Group (HYFM) reported revenue of $28.5M for the first quarter 2026 (Q1 2026), -30% from a year earlier and +14% from the quarter before.
Was Hydrofarm Holdings Group profitable in the first quarter 2026?
Operating loss was $8.7M (-30.6% of revenue) and net loss $14.6M.