Hydrofarm Holdings Group, Inc. balance sheet

At the end of fiscal 2025, Hydrofarm Holdings Group, Inc. had total assets of $124m, total liabilities of $187m and shareholders' equity of −$63.3m. It held $6.3m in cash against $114m of debt: net debt of $108m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hydrofarm Holdings Group, Inc.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	23	75	27	21	30	26	6	6
Receivables	—	22	41	17	17	15	8	8
Inventory	—	89	189	111	75	51	33	23
Total current assets	—	200	269	155	128	95	51	40
Goodwill	0	0	205	0	—	—	—	—
Total assets	—	276	891	574	508	426	124	102
Accounts payable	—	23	27	14	13	12	10	11
Deferred revenue (current)	—	—	18	4	3	3	3	1
Total current liabilities	—	49	88	42	38	35	140	148
Short-term debt	—	1	2	1	3	1	112	114
Long-term debt	—	0	124	117	115	115	0	0
Total debt	0	1	126	124	123	119	114	114
Total liabilities	—	65	256	224	217	202	187	191
Shareholders' equity	9	211	635	350	291	224	−63	−89
Net debt (negative = net cash)	−23	−74	100	103	92	93	108	108
Shares outstanding	—	—	—	—	5m	5m	5m	5m

US$ millions unless shown otherwise. Fiscal quarters.

Hydrofarm Holdings Group, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	16	15	21	14	10	8	12	8
Inventory	58	51	50	44	38	33	29	23
Total current assets	103	95	89	73	63	51	51	40
Total assets	446	426	411	390	370	124	118	102
Accounts payable	10	12	16	13	12	10	15	11
Deferred revenue (current)	3	3	3	2	3	3	2	1
Total current liabilities	32	35	40	31	30	140	151	148
Short-term debt	1	1	6	0	0	112	114	114
Long-term debt	115	115	110	112	112	0	0	0
Total debt	116	116	116	112	112	112	114	114
Total liabilities	203	202	201	195	191	187	196	191
Shareholders' equity	243	224	210	195	178	−63	−78	−89
Shares outstanding	46m	5m	5m	5m	5m	5m	5m	5m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Hydrofarm Holdings Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hydrofarm Holdings Group, Inc.