HF Foods Group Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
HFFG$1.45-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets
(In thousands, except share data) (Unaudited)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $16,444 | $8,641 |
| Accounts receivable, net of allowances of $1,068 and $1,199 | 67,616 | 65,691 |
| Accounts receivable - related parties | 895 | 546 |
| Inventories | 134,864 | 106,629 |
| Prepaid expenses and other current assets | 11,297 | 9,725 |
| Assets held for sale | — | 2,768 |
| TOTAL CURRENT ASSETS | 231,116 | 194,000 |
| Property and equipment, net | 177,949 | 163,397 |
| Operating lease right-of-use assets | 26,298 | 26,049 |
| Long-term investments | 2,139 | 2,144 |
| Customer relationships, net | 137,710 | 126,048 |
| Trademarks, trade names and other intangibles, net | 24,453 | 25,440 |
| Goodwill | 13,219 | — |
| Other long-term assets | 4,518 | 4,451 |
| TOTAL ASSETS | $617,402 | $541,529 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Checks issued not presented for payment | $5,275 | $1,674 |
| Line of credit | 80,021 | 55,799 |
| Accounts payable | 84,860 | 74,475 |
| Accounts payable - related parties | 510 | 384 |
| Current portion of long-term debt, net | 13,395 | 6,683 |
| Current portion of obligations under finance leases | 6,733 | 6,425 |
| Current portion of obligations under operating leases | 3,123 | 4,334 |
| Accrued expenses and other liabilities | 17,198 | 14,994 |
| TOTAL CURRENT LIABILITIES | 211,115 | 164,768 |
| Long-term debt, net of current portion | 118,130 | 99,436 |
| Obligations under finance leases, non-current | 22,102 | 25,279 |
| Obligations under operating leases, non-current | 26,744 | 22,990 |
| Deferred tax liabilities | 29,674 | 23,808 |
| Other long-term liabilities | 6,587 | 1,662 |
| TOTAL LIABILITIES | 414,352 | 337,943 |
| COMMITMENTS AND CONTINGENCIES (Note 16) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Series A Participating Preferred Stock, par value $0.001; 100,000 shares authorized, no shares issued and outstanding | — | — |
| Series AA Participating Preferred Stock, par value $0.001; 100,000 shares authorized, no shares issued and outstanding | — | — |
| Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,602,816 and 55,041,255 shares issued and *53,900,945 and 53,043,832 shares outstanding as of September 30, 2026 and December 31, 2025, respectively (*excluding 129,976 newly issued common shares and 1,571,895 treasury shares held in escrow as part of the contingent consideration liability - see Note 3) | 5 | 5 |
| Treasury stock (included in common stock issued above), at cost; 1,571,895 shares as of September 30, 2026 and 1,997,423 shares as of December 31, 2025 | (6,099) | (7,750) |
| Additional paid-in capital | 605,957 | 605,838 |
| Accumulated deficit | (396,459) | (396,042) |
| Accumulated other comprehensive loss | (1,376) | — |
| TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. | 202,028 | 202,051 |
| Noncontrolling interests | 1,022 | 1,535 |
| TOTAL SHAREHOLDERS’ EQUITY | 203,050 | 203,586 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $617,402 | $541,529 |
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