Filing Flows › Hydrofarm Holdings Group (HYFM) › Q2 2025
Hydrofarm Holdings Group (HYFM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Hydrofarm Holdings Group (HYFM) reported revenue of $39.2M for the second quarter 2025 (Q2 2025), -28% from a year earlier and -3% from the quarter before. Operating margin was -34.0%, net loss $16.9M (43.0% of revenue).
Hydrofarm Holdings Group, Q2 2025: revenue $39.2M (-28% year over year), operating margin -34.0%, net loss $16.9M, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.2M | -3% | -28% |
| Operating profit | −$13.3M | — | — |
| Net earnings | −$16.9M | — | — |
| Operating cash flow | $1.7M | — | -55% |
| Free cash flow | $1.4M | — | -58% |
What changed
Revenue was $39.2M in Q2 2025, down 28% year over year and down 3% from the previous quarter.
Gross margin was 7.1%, down 12.7 points from a year earlier. Operating costs exceeded revenue by $13.3M, an operating margin of -34.0%. Operating expenses fell 47% while revenue fell 28%. The quarter ended with a net loss of $16.9M, wider than the previous quarter's $14.4M loss.
Operating cash flow was $1.7M (down 55% year over year). Non-cash charges added back $7.4M of depreciation and amortization and $284K of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $281K left free cash flow of $1.4M.
Questions
What was Hydrofarm Holdings Group's revenue in the second quarter 2025?
Hydrofarm Holdings Group (HYFM) reported revenue of $39.2M for the second quarter 2025 (Q2 2025), -28% from a year earlier and -3% from the quarter before.
Was Hydrofarm Holdings Group profitable in the second quarter 2025?
Operating loss was $13.3M (-34.0% of revenue) and net loss $16.9M.