Hydrofarm Holdings Group, Inc. income statement

In fiscal 2025, Hydrofarm Holdings Group, Inc. reported revenue of $134m, down 29.4% on the year before, operating income of −$277m (a -206.3% margin) and net income of −$290m, or −$62.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Hydrofarm Holdings Group, Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	235	342	479	345	227	190	134	106
Cost of revenue	208	279	378	315	189	158	119	96
Gross profit	27	64	101	29	38	32	15	10
Selling, general and administrative	44	58	104	119	87	73	60	47
Operating income	−27	4	−3	−282	−50	−52	−277	−269
Interest expense	13	10	2	11	15	15	13	16
Income before tax	−41	−7	−6	−292	−65	−66	−291	−285
Income tax	−1	1	−19	−6	−0	1	−1	−1
Net income	−40	−7	13	−285	−65	−67	−290	−284
Diluted EPS	−$9.70	−$2.30	$3.10	−$63.50	−$14.24	−$14.51	−$62.35	−$60.15
Diluted shares (average)	4m	4m	4m	4m	5m	5m	5m	5m
EBITDA	−20	11	12	−240	−18	−21	−254	−264

US$ millions unless shown otherwise. Fiscal quarters.

Hydrofarm Holdings Group, Inc.: income statement, 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
Revenue	44	37	41	39	29	25	29	23
Cost of revenue	35	35	34	36	26	23	27	21
Gross profit	9	2	7	3	3	2	2	3
Selling, general and administrative	18	17	18	16	16	10	11	10
Operating income	−9	−15	−11	−13	−13	−240	−9	−7
Interest expense	4	4	3	3	3	3	6	3
Income before tax	−13	−18	−14	−17	−16	−243	−15	−11
Income tax	0	0	0	−0	0	−1	−0	−0
Net income	−13	−18	−14	−17	−16	−242	−15	−11
Diluted EPS	−$2.86	−$3.80	−$3.12	−$3.63	−$3.51	−$52.09	−$3.07	−$2.23
EBITDA	−7	−8	−4	−12	−12	−239	−8	−6

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.