HF Foods Group Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 17, 2025

HFFG$1.49+1.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

(In thousands, except share data)

	December 31, 2024	December 31, 2023
ASSETS
CURRENT ASSETS:
Cash	$14,467	$15,232
Accounts receivable, net of allowances of $1,557 and $2,119	54,107	47,524
Accounts receivable - related parties	239	308
Inventories	97,783	105,618
Prepaid expenses and other current assets	11,507	10,145
TOTAL CURRENT ASSETS	178,103	178,827
Property and equipment, net	149,572	133,136
Operating lease right-of-use assets	13,944	12,714
Long-term investments	2,350	2,388
Customer relationships, net	136,615	147,181
Trademarks, trade names and other intangibles, net	24,911	30,625
Goodwill	38,815	85,118
Other long-term assets	5,681	6,531
TOTAL ASSETS	$549,991	$596,520
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Checks issued not presented for payment	$5,687	$4,494
Line of credit	57,483	58,564
Accounts payable	50,592	51,617
Accounts payable - related parties	52	397
Current portion of long-term debt, net	5,410	5,450
Current portion of obligations under finance leases	3,797	1,749
Current portion of obligations under operating leases	4,177	3,706
Accrued expenses and other liabilities	18,001	17,287
TOTAL CURRENT LIABILITIES	145,199	143,264
Long-term debt, net of current portion	103,324	108,711
Obligations under finance leases, non-current	19,929	11,229
Obligations under operating leases, non-current	10,125	9,414
Deferred tax liabilities	29,392	29,028
Other long-term liabilities	728	6,891
TOTAL LIABILITIES	308,697	308,537
COMMITMENTS AND CONTINGENCIES (Note 17)
SHAREHOLDERS’ EQUITY:
Series A 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; 54,735,073 and 54,153,391 shares issued and 52,737,650 and 52,155,968 shares outstanding as of December 31, 2024 and December 31, 2023, respectively	5	5
Treasury stock, at cost; 1,997,423 shares as of December 31, 2024 and December 31, 2023	(7,750)	(7,750)
Additional paid-in capital	604,235	603,094
Accumulated deficit	(357,199)	(308,688)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC.	239,291	286,661
Noncontrolling interests	2,003	1,322
TOTAL SHAREHOLDERS’ EQUITY	241,294	287,983
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$549,991	$596,520

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.