Hydrofarm Holdings Group Inc
hydrofarm.comWhat Do They Do?
Sells hydroponics equipment and supplies, including grow lights, climate controls, grow media and nutrients, to commercial growers and gardening retailers.
10-K for FY2025, filed Mar 27, 2026We are a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment…View ↗
Hydroponics is the farming of plants using soilless grow media and often artificial lighting in a controlled indoor or greenhouse…View ↗
We reach commercial farmers and consumers through a broad and diversified network of over 1,800 wholesale customer accounts, who we connect…View ↗
We offer thousands of innovative, branded CEA products to provide solutions for our customers. Our product portfolio spans lighting, grow…View ↗
How Do They Make Money?
Customers pay for equipment and supplies when the goods arrive at the delivery locations specified in their orders. The company may receive customer deposits before delivery.
10-K for FY2025, filed Mar 27, 2026
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10-K for FY2025, filed Mar 27, 2026
FY2025 revenue by reportable segment ↗
$134.3M
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10-K for FY2025, filed Mar 27, 2026
$134.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
United States
Sold outright
10-K for FY2025, filed Mar 27, 2026 |
80%
FY2022: 81%
|
United States, FY2025
$107.8M Sources
|
Sold outright |
|
Canada
Sold outright
10-K for FY2025, filed Mar 27, 2026 |
22%
FY2022: 20%
|
Canada, FY2025
$29.1M Sources
|
Sold outright |
Who Are Their Customers?
Commercial farmers and consumers are reached through wholesale accounts, primarily via the company's online ordering platform. Specialty hydroponic retailers, commercial resellers, greenhouse builders, garden centers, hardware stores and e-commerce retailers distribute the products.
10-K for FY2025, filed Mar 27, 2026We reach commercial farmers and consumers through a broad and diversified network of over 1,800 wholesale customer accounts, who we connect…View ↗
Outside of North America, we operate a distribution center in Zaragoza, Spain. We use a third party in China to assist with our…View ↗
We currently maintain long-standing relationships with a diversified range of specialty hydroponic retailers, commercial resellers and…View ↗
Do Revenues Turn Into Profits?
No. It lost $289.8M in FY2025.
10-K for FY2025, filed Mar 27, 2026
−$276.9MView ↗
10-K for FY2025, filed Mar 27, 2026
−$289.8MView ↗
10-K for FY2025, filed Mar 27, 2026
−$15.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$10.6MView ↗
- ▼ −37% (Loss)
- vs −$16.9M in Q2 FY2025
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Aug 6, 2026
Sold Aurora Peat Products for $16 million
The net proceeds will reduce debt under the senior secured term loan; the parties also entered a supply agreement.
Sources
8-K, filed Aug 6, 2026
On July 31, 2026 (the “Closing Date”), Hydrofarm Holdings Group, Inc., a Delaware corporation (the “Company”), through its wholly owned…View ↗
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Jul 9, 2026
Nasdaq found the company out of compliance with listing requirements
The company requested a hearing after failing to meet the terms of an extension to regain compliance with the stockholders’ equity rule.
Sources
8-K, filed Jul 9, 2026
On July 2, 2026, the Company received a determination letter from Nasdaq (the “Nasdaq Determination Letter”) notifying the Company that it…View ↗
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Apr 20, 2026
Replaced Deloitte with CBIZ CPAs as auditor
The change was not the result of a disagreement with Deloitte.
Sources
8-K, filed Apr 20, 2026
The Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of Hydrofarm Holdings Group, Inc (the “Company”) undertook a…View ↗
Shrinking. Revenue fell 72% in 4 years, from $479.4M in FY2021 to $134.3M in FY2025, about 27% a year.
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