Filing Flows › Hydrofarm Holdings Group (HYFM) › Q3 2025
Hydrofarm Holdings Group (HYFM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Hydrofarm Holdings Group (HYFM) reported revenue of $29.4M for the third quarter 2025 (Q3 2025), -33% from a year earlier and -25% from the quarter before. Operating margin was -44.1%, net loss $16.4M (55.8% of revenue).
Hydrofarm Holdings Group, Q3 2025: revenue $29.4M (-33% year over year), operating margin -44.1%, net loss $16.4M, operating cash flow −$37K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.4M | -25% | -33% |
| Operating profit | −$13.0M | — | — |
| Net earnings | −$16.4M | — | — |
| Operating cash flow | −$37K | -102% | — |
What changed
Revenue was $29.4M in Q3 2025, down 33% year over year and down 25% from the previous quarter.
Gross margin was 11.6%, down 7.7 points from a year earlier. Operating costs exceeded revenue by $13.0M, an operating margin of -44.1%. Operating expenses fell 7% while revenue fell 33%. The quarter ended with a net loss of $16.4M, narrower than the previous quarter's $16.9M loss.
Operating cash flow was −$37K. Non-cash charges added back $7.3M of depreciation and amortization and $206K of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $170K exceeded it, leaving free cash flow of −$207K.
Questions
What was Hydrofarm Holdings Group's revenue in the third quarter 2025?
Hydrofarm Holdings Group (HYFM) reported revenue of $29.4M for the third quarter 2025 (Q3 2025), -33% from a year earlier and -25% from the quarter before.
Was Hydrofarm Holdings Group profitable in the third quarter 2025?
Operating loss was $13.0M (-44.1% of revenue) and net loss $16.4M.