HF Foods Group Inc.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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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$1.45-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net revenue - third parties | $1,197,926 | $1,142,648 | $1,163,525 |
| Net revenue - related parties | 3,741 | 5,845 | 6,942 |
| TOTAL NET REVENUE | 1,201,667 | 1,148,493 | 1,170,467 |
| Cost of revenue - third parties | 993,026 | 938,815 | 958,775 |
| Cost of revenue - related parties | 3,447 | 5,647 | 6,180 |
| TOTAL COST OF REVENUE | 996,473 | 944,462 | 964,955 |
| GROSS PROFIT | 205,194 | 204,031 | 205,512 |
| Distribution, selling and administrative expenses | 198,026 | 195,062 | 194,953 |
| Goodwill impairment charges | 46,303 | — | — |
| (LOSS) INCOME FROM OPERATIONS | (39,135) | 8,969 | 10,559 |
| Interest expense | 11,425 | 11,478 | 7,457 |
| Other expense (income), net | 2,818 | (1,091) | (1,829) |
| Change in fair value of interest rate swap contracts | (1,693) | 1,580 | (817) |
| Lease guarantee (income) expense | (5,548) | (377) | 5,744 |
| (LOSS) INCOME BEFORE INCOME TAXES | (46,137) | (2,621) | 4 |
| Income tax expense (benefit) | 1,965 | 41 | (231) |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME | (48,102) | (2,662) | 235 |
| Less: net income (loss) attributable to noncontrolling interests | 409 | (488) | (225) |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO HF FOODS GROUP INC. | $(48,511) | $(2,174) | $460 |
| (LOSS) EARNINGS PER COMMON SHARE - BASIC | $(0.92) | $(0.04) | $0.01 |
| (LOSS) EARNINGS PER COMMON SHARE - DILUTED | $(0.92) | $(0.04) | $0.01 |
| WEIGHTED AVERAGE SHARES - BASIC | 52,552,490 | 53,878,237 | 53,757,162 |
| WEIGHTED AVERAGE SHARES - DILUTED | 52,552,490 | 53,878,237 | 53,863,448 |
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