Filing Flows › Hydrofarm Holdings Group (HYFM) › Q4 2025
Hydrofarm Holdings Group (HYFM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Hydrofarm Holdings Group (HYFM) reported revenue of $25.1M for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and -14% from the quarter before. Operating margin was -953.8%, net loss $242M (963.9% of revenue).
Hydrofarm Holdings Group, Q4 2025: revenue $25.1M (-33% year over year), operating margin -953.8%, net loss $242M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.1M | -14% | -33% |
| Operating profit | −$240M | — | — |
| Net earnings | −$242M | — | — |
| Operating cash flow | −$4.0M | — | -250% |
What changed
Revenue was $25.1M in Q4 2025, down 33% year over year and down 14% from the previous quarter.
Gross margin was 8.5%, up 3.5 points from Q4 2024. Operating costs exceeded revenue by $239.6M, an operating margin of -953.8%. Operating expenses grew 1326% against a revenue fall of 33%. The quarter ended with a net loss of $242.2M, wider than the previous quarter's $16.4M loss.
Operating cash flow was −$4.0M. Non-cash charges added back $1.1M of depreciation and amortization and $215K of share-based compensation. Working capital and other items added $236.9M. Capital expenditures of $329K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Hydrofarm Holdings Group's revenue in the fourth quarter 2025?
Hydrofarm Holdings Group (HYFM) reported revenue of $25.1M for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and -14% from the quarter before.
Was Hydrofarm Holdings Group profitable in the fourth quarter 2025?
Operating loss was $240M (-953.8% of revenue) and net loss $242M.