HYDROFARM HOLDINGS GROUP, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $134.3M | $190.3M | $226.6M | $344.5M | $479.4M | $342.2M | $235.1M |
| Cost of Revenue | — | $119.0M | $158.2M | $189.0M | $315.2M | $377.9M | $278.6M | $208.0M |
| Gross Profit | — | $15.2M | $32.1M | $37.6M | $29.3M | $101.5M | $63.6M | $27.1M |
| Gross Margin | — | 11.3% | 16.9% | 16.6% | 8.5% | 21.2% | 18.6% | 11.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $59.9M | $72.8M | $87.3M | $118.6M | $104.2M | $58.5M | $43.8M |
| Operating Income | — | $-276.9M | $-52.2M | $-49.7M | $-281.6M | $-2.7M | $4.3M | $-26.7M |
| Operating Margin | — | -206.3% | -27.4% | -21.9% | -81.7% | -0.6% | 1.3% | -11.4% |
| Interest Expense | — | — | — | $15.4M | $11.0M | $2.1M | $10.1M | $13.5M |
| Pretax Income | — | $-290.5M | $-65.8M | $-65.0M | $-291.9M | $-5.7M | $-6.7M | $-40.8M |
| Income Tax Expense | — | $-740.0K | $869.0K | $-213.0K | $-6.4M | $-19.1M | $576.0K | $-691.0K |
| Net Income | — | $-289.8M | $-66.7M | $-64.8M | $-285.4M | $13.4M | $-7.3M | $-40.1M |
| Net Margin | — | -215.9% | -35.1% | -28.6% | -82.8% | 2.8% | -2.1% | -17.0% |
| EPS (Basic) | — | $-62.35 | $-14.51 | $-14.24 | $-6.35 | $0.34 | $-0.23 | $-0.97 |
| EPS (Diluted) | — | $-62.35 | $-14.51 | $-14.24 | $-6.35 | $0.31 | $-0.23 | $-0.97 |
| Shares Outstanding (Basic) | 4.8M | 4.6M | 4.6M | 4.6M | 45.0M | 40.0M | 42.6M | 41.4M |
| Shares Outstanding (Diluted) | 4.8M | 4.6M | 4.6M | 4.6M | 45.0M | 43.0M | 42.6M | 41.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |