Filing Flows › Hydrofarm Holdings Group (HYFM) › Q4 2024
Hydrofarm Holdings Group (HYFM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Hydrofarm Holdings Group (HYFM) reported revenue of $37.3M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and -15% from the quarter before. Operating margin was -40.5%, net loss $17.5M (46.9% of revenue).
Hydrofarm Holdings Group, Q4 2024: revenue $37.3M (-21% year over year), operating margin -40.5%, net loss $17.5M, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.3M | -15% | -21% |
| Operating profit | −$15.1M | — | — |
| Net earnings | −$17.5M | — | — |
| Operating cash flow | $2.7M | — | — |
| Free cash flow | $2.4M | — | — |
What changed
Revenue was $37.3M in Q4 2024, down 21% year over year and down 15% from the previous quarter.
Gross margin was 4.9%, down 13.0 points from a year earlier. Operating costs exceeded revenue by $15.1M, an operating margin of -40.5%. Operating expenses fell 15% while revenue fell 21%. The quarter ended with a net loss of $17.5M, wider than the previous quarter's $13.1M loss.
Operating cash flow was $2.7M. Non-cash charges added back $7.4M of depreciation and amortization and $92K of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $270K left free cash flow of $2.4M.
Questions
What was Hydrofarm Holdings Group's revenue in the fourth quarter 2024?
Hydrofarm Holdings Group (HYFM) reported revenue of $37.3M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and -15% from the quarter before.
Was Hydrofarm Holdings Group profitable in the fourth quarter 2024?
Operating loss was $15.1M (-40.5% of revenue) and net loss $17.5M.