HF Foods Group Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
Condensed Consolidated Statements of Changes in Shareholders' Equity
(In thousands, except share data)
(Unaudited)
| Common Stock · Treasury Stock · AdditionalPaid-inCapital · Accumulated Deficit · Accumulated Other Comprehensive Loss · Total Shareholders’Equity Attributable to HF Foods Group Inc. · Non-controllingInterests · TotalShareholders’Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance at January 1, 2025 | 54,735,073 | $5 | 1,997,423 | $(7,750) | $604,235 | $(357,199) | $— | $239,291 | $2,003 | $241,294 |
| Net income (loss) | — | — | — | — | — | (1,645) | — | (1,645) | 115 | (1,530) |
| Stock-based compensation | — | — | — | — | 374 | — | — | 374 | — | 374 |
| Balance at March 31, 2025 | 54,735,073 | $5 | 1,997,423 | $(7,750) | $604,609 | $(358,844) | $— | $238,020 | $2,118 | $240,138 |
| Net income (loss) | — | — | — | — | — | 1,216 | — | 1,216 | (706) | 510 |
| Issuance of common stock pursuant to equity compensation plan | 316,251 | — | — | — | — | — | — | — | — | — |
| Shares withheld for tax withholdings on vested awards | (39,196) | — | — | — | (156) | — | — | (156) | — | (156) |
| Stock-based compensation | — | — | — | — | 625 | — | — | 625 | — | 625 |
| Balance at June 30, 2025 | 55,012,128 | $5 | 1,997,423 | $(7,750) | $605,078 | $(357,628) | $— | $239,705 | $1,412 | $241,117 |
| Net income (loss) | — | — | — | — | — | (1,116) | — | (1,116) | 242 | (874) |
| Issuance of common stock pursuant to equity compensation plan | 29,127 | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 619 | — | — | 619 | — | 619 |
| Balance at September 30, 2025 | 55,041,255 | $5 | 1,997,423 | $(7,750) | $605,697 | $(358,744) | $— | $239,208 | $1,654 | $240,862 |
| Balance at January 1, 2026 | 55,041,255 | $5 | 1,997,423 | $(7,750) | $605,838 | $(396,042) | $— | $202,051 | $1,535 | $203,586 |
| Net income | — | — | — | — | — | 1,225 | — | 1,225 | 131 | 1,356 |
| Issuance of common stock under at-the-market equity offering | 155,000 | — | — | — | 275 | — | — | 275 | — | 275 |
| Acquisition of Non-Controlling Interest | — | — | — | — | (175) | — | — | (175) | (660) | (835) |
| Stock-based compensation | — | — | — | — | 305 | — | — | 305 | — | 305 |
| Balance at March 31, 2026 | 55,196,255 | $5 | 1,997,423 | $(7,750) | $606,243 | $(394,817) | $— | $203,681 | $1,006 | $204,687 |
| Net income | — | — | — | — | — | 2,580 | — | 2,580 | 41 | 2,621 |
| Issuance of common stock pursuant to equity compensation plan | 313,352 | — | (425,528) | 1,651 | (1,651) | — | — | — | — | — |
| Shares withheld for tax withholdings on vested awards | (36,767) | — | — | — | (77) | — | — | (77) | — | (77) |
| Stock-based compensation | — | — | — | — | 587 | — | — | 587 | — | 587 |
| Balance at June 30, 2026 | 55,472,840 | $5 | 1,571,895 | $(6,099) | $605,102 | $(392,237) | $— | $206,771 | $1,047 | $207,818 |
| Net loss | — | — | — | — | — | (4,222) | — | (4,222) | (25) | (4,247) |
| Stock-based compensation | — | — | — | — | 855 | — | — | 855 | — | 855 |
| Foreign currency translation adjustment | — | — | — | — | — | — | (1,376) | (1,376) | — | (1,376) |
| Balance at September 30, 2026(1) | 55,472,840 | $5 | 1,571,895 | $(6,099) | $605,957 | $(396,459) | $(1,376) | $202,028 | $1,022 | $203,050 |
(1) As of September 30, 2026, the Company had 55,472,840 shares of common stock issued and 53,900,945 shares outstanding. These amounts exclude 1,701,871 shares of common stock (the “Escrow Shares”) that the Company issued into escrow on August 31, 2026, in connection with the acquisition of Searay Foods Inc. (see Note 3). The Escrow Shares consist of 1,571,895 shares transferred from treasury and 129,976 newly issued shares. Because the sellers may forfeit Escrow Shares and the Company may be required to purchase the remaining Escrow Shares for cash, the arrangement is accounted for as a contingent consideration liability. Accordingly, the Escrow Shares are not reflected as issued or outstanding in the condensed consolidated financial statements, the 1,571,895 shares transferred from treasury remain in treasury stock at cost, and the Escrow Shares are excluded from basic earnings (loss) per share. Including the Escrow Shares,55,602,816 shares of common stock were legally issued and outstanding as of September 30, 2026.
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