# Hydrofarm Holdings Group, Inc. (HYFM) · Edgar & Edgarette company card

> Hydrofarm Holdings Group (HYFM) saw revenue fall 29.4% in FY2025 to $134 million, operating margin -206% against a 1.4% median for miscellaneous nondurable goods, equity -51.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1695295 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HYFM) · [JSON](https://www.pops4.com/boards/company/HYFM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $134M |
| Revenue growth, 1 year | -29.4% |
| Revenue growth per year | -27.3% |
| Operating margin | -206.3% (prior year -27.4%) |
| Net margin | -215.9% |
| Operating cash flow | −$14M |
| Capital spending | $1M |
| Free cash flow | −$15M |
| Cash | $6M |
| Long-term debt | $112M |
| Total assets | $124M |
| Total equity | −$63M |
| Equity ÷ assets | -51.1% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -42.39 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative; operating loss: a margin of -206.3% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). 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%.

Range logged 2026-09-27, receipt 3f269d702e151968, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-07-09 ([filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926023198/0001437749-26-023198-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-04-20 ([filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926012705/0001437749-26-012705-index.htm))
- Item 5.02 Director or officer change: 1, latest 2025-11-12 ([filing](https://www.sec.gov/Archives/edgar/data/1695295/000169529525000014/0001695295-25-000014-index.htm))

## Recent filings

- S-1 · filed 2026-11-10 · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926036233/0001437749-26-036233-index.htm)
- 8-K · filed 2026-10-27 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926033664/0001437749-26-033664-index.htm)
- 8-K · filed 2026-10-27 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926033573/0001437749-26-033573-index.htm)
- 8-K · filed 2026-10-09 · 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926032448/0001437749-26-032448-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926028012/0001437749-26-028012-index.htm)
- 8-K · filed 2026-08-14 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1695295/000143774926028008/0001437749-26-028008-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001695295.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1695295

## Cite

POPS4, Edgar & Edgarette: Hydrofarm Holdings Group, Inc. (HYFM) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/HYFM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.