{ "ok": true, "cik": "1695295", "ticker": "HYFM", "name": "HYDROFARM HOLDINGS GROUP, INC.", "filings": [ { "form": "10-Q", "filed": "2026-08-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926028012/0001437749-26-028012-index.htm" }, { "form": "8-K", "filed": "2026-08-14", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926028008/0001437749-26-028008-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926026270/0001437749-26-026270-index.htm" }, { "form": "8-K", "filed": "2026-07-09", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926023198/0001437749-26-023198-index.htm" }, { "form": "8-K", "filed": "2026-06-26", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926021845/0001437749-26-021845-index.htm" }, { "form": "8-K", "filed": "2026-06-22", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926021306/0001437749-26-021306-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 2, "latest": { "filed": "2026-07-09", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926023198/0001437749-26-023198-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-04-20", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926012705/0001437749-26-012705-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-11-12", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000169529525000014/0001695295-25-000014-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001695295.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1695295" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up HYDROFARM HOLDINGS GROUP, INC. ($HYFM). Last filing: 10-Q, 2026-08-14. 13 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-04-20.", "auditor": { "changes": [ { "filed": "2026-04-20", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926012705/0001437749-26-012705-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 134252000, "revenueGrowth1y": -0.2944799461868326, "revenueGrowthPerYear": -0.27255334004357257, "yearsOfData": 5, "operatingMargin": -2.0626731817775528, "operatingMarginPrior": -0.27422118052636, "netMargin": -2.15855257277359, "operatingCashFlow": -14059000, "capitalSpending": 1024000, "freeCashFlow": -15083000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 6309000, "longTermDebt": 111903000, "longTermDebtChange": -0.03492794494320972, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 479420000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 344501000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 226581000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 190288000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 134252000 } ], "totalEquity": -63296000, "totalAssets": 123804000, "equityRatio": -0.5112597331265549, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -62.35, "sharesOutstanding": 4647945, "bookValuePerShare": -13.618061315269436, "revenuePerShare": 28.88416278591937, "range80": { "low": 79875086.35171023, "high": 111826897.15457688, "baseline": 96389375.2442908, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.10308456324131855, "classVolatility": 0.1022985825903761, "volatility": 0.10269232488032737 }, "ifPaceHeld": { "low": 79875086.35171023, "high": 111826897.15457688 } }, "edgarette": "🔖 Exposure: revenue $134.3M (FY2025), total debt $111.9M. Experience: revenue down 29.4% on the year, down 27.3% a year over 4 years; operating margin -206.3%, down from -27.4%. Soundness: equity -51.1% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $79.9M and $111.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $73.4M to $122.2M. A statistical range, not company guidance. Against peers (30 filers, $50M+ revenue, its industry group): operating margin -206.3% against a 1.4% median; growth -29.4% against 0.9%.", "peers": { "sic": 5190, "sicDescription": "Wholesale-Miscellaneous Nondurable Goods", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "51", "growth": [ 0.0089, 31 ], "opMargin": [ 0.014, 30 ], "equityRatio": [ 0.2989, 28 ], "returnOnEquity": [ -0.0465, 21 ], "payoutRatio": [ 0.2988, 10 ] }, "summary": "Hydrofarm Holdings Group (HYFM) saw revenue fall 29.4% in FY2025 to $134 million, operating margin -206% against a 1.4% median for wholesale-miscellaneous nondurable goods, equity -51.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
HYDROFARM HOLDINGS GROUP, INC. against its own record and its peers
Operating marginPeer median 1.4%-206.3%Revenue, on the yearPeer median 0.9%-29.4%Equity of assetsPeer median 29.9%-51.1%Gold tick: the median of 28–28 peers with $50M+ revenue in wholesale-miscellaneous nondurable goods
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T22:57:00.128Z", "hash": "3f269d702e151968", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Hydrofarm Holdings Group (HYFM) saw revenue fall 29.4% in FY2025 to $134 million, operating margin -206% against a 1.4% median for wholesale-miscellaneous nondurable goods, equity -51.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 134252000, "totalDebt": 111903000, "cash": 6309000 }, "experience": { "revenueGrowth1y": -0.2944799461868326, "revenueGrowthPerYear": -0.27255334004357257, "operatingMargin": -2.0626731817775528, "operatingMarginPrior": -0.27422118052636, "netMargin": -2.15855257277359, "freeCashFlow": -15083000 }, "soundness": { "equityRatio": -0.5112597331265549, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5190, "sicDescription": "Wholesale-Miscellaneous Nondurable Goods", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "51", "growth": [ 0.0089, 31 ], "opMargin": [ 0.014, 30 ], "equityRatio": [ 0.2989, 28 ], "returnOnEquity": [ -0.0465, 21 ], "payoutRatio": [ 0.2988, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-04-20", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926012705/0001437749-26-012705-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 2, "latest": { "filed": "2026-07-09", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926023198/0001437749-26-023198-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-04-20", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000143774926012705/0001437749-26-012705-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-11-12", "url": "https://www.sec.gov/Archives/edgar/data/1695295/000169529525000014/0001695295-25-000014-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 79875086.35171023, "high": 111826897.15457688, "baseline": 96389375.2442908, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.10308456324131855, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.10269232488032737, "k": 3 }, "stress": { "low": 73356990.78161928, "high": 122180225.90263808, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T22:57:00.128Z", "hash": "3f269d702e151968", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001695295.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1695295" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1047, "growth3y": -0.2696, "volatility": 0.1031, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.5113, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -10.5% of revenue into operating cash; revenue shrinking 27.0% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 13th percentile for cash, 2nd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$100M-1B", "cashPctInClass": 13, "growthPctInClass": 2, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -14059000, "investing": -841000, "financing": -5438000, "capitalSpending": 1024000, "free": -15083000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -45067000, "free": -50469000 }, { "fiscalYearEnd": "2022-12-31", "operating": 21989000, "free": 13760000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7044000, "free": 2829000 }, { "fiscalYearEnd": "2024-12-31", "operating": -324000, "free": -3216000 }, { "fiscalYearEnd": "2025-12-31", "operating": -14059000, "free": -15083000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 6309000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 123804000, "ladder": null, "currentRatio": 0.37, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1047, "growth3y": -0.2696, "volatility": 0.1031, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.5113, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -10.5% of revenue into operating cash; revenue shrinking 27.0% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 13th percentile for cash, 2nd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$100M-1B", "cashPctInClass": 13, "growthPctInClass": 2, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -14059000, "investing": -841000, "financing": -5438000, "capitalSpending": 1024000, "free": -15083000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -45067000, "free": -50469000 }, { "fiscalYearEnd": "2022-12-31", "operating": 21989000, "free": 13760000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7044000, "free": 2829000 }, { "fiscalYearEnd": "2024-12-31", "operating": -324000, "free": -3216000 }, { "fiscalYearEnd": "2025-12-31", "operating": -14059000, "free": -15083000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 6309000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 123804000, "ladder": null, "currentRatio": 0.37, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }