HF Foods Group Inc.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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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.
FY2025 · Filed Mar 16, 2026
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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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(39,311) | $(48,102) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 28,382 | 26,677 |
| Goodwill impairment charges | 38,815 | 46,303 |
| Gain from disposal of property and equipment | (115) | (12) |
| Credit for expected credit losses | (357) | (103) |
| Deferred tax (benefit) expense | (5,584) | 364 |
| Change in fair value of interest rate swap contracts | 1,870 | (1,693) |
| Stock-based compensation | 1,759 | 2,088 |
| Non-cash lease expense | 5,124 | 3,992 |
| Lease guarantee income | — | (5,548) |
| Other non-cash (income) expense | (280) | 1,169 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (11,227) | (6,421) |
| Accounts receivable - related parties | (307) | 10 |
| Inventories | (8,846) | 7,835 |
| Prepaid expenses and other current assets | 1,782 | (1,362) |
| Other long-term assets | 967 | 942 |
| Checks issued not presented for payment | (4,013) | 1,193 |
| Accounts payable | 23,703 | (1,025) |
| Accounts payable - related parties | 332 | (345) |
| Operating lease liabilities | (4,207) | (4,040) |
| Accrued expenses and other liabilities | (3,007) | 714 |
| Net cash provided by operating activities | 25,480 | 22,636 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (18,918) | (12,547) |
| Purchase of intangible assets | (1,661) | — |
| Proceeds from sale of property and equipment | 206 | 48 |
| Contribution to equity method investee | — | (49) |
| Net cash used in investing activities | (20,373) | (12,548) |
| Cash flows from financing activities: | ||
| Payments for tax withholding related to vested stock awards | (156) | (175) |
| Proceeds from line of credit | 1,446,483 | 1,476,106 |
| Repayment of line of credit | (1,448,100) | (1,477,240) |
| Proceeds from issuance of debt | 4,200 | — |
| Repayment of long-term debt | (6,856) | (5,470) |
| Payment of debt financing costs | (213) | — |
| Repayment of obligations under finance leases | (6,291) | (3,574) |
| Cash distributions to noncontrolling interests | — | (500) |
| Net cash used in financing activities | (10,933) | (10,853) |
| Net decrease in cash | (5,826) | (765) |
| Cash at beginning of the period | 14,467 | 15,232 |
| Cash at end of the period | $8,641 | $14,467 |
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosure of cash flow data: | ||
| Cash paid for interest | $11,372 | $11,623 |
| Cash paid for income taxes | 358 | 2,506 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | $17,229 | $5,222 |
| Property acquired in exchange for finance leases | 14,269 | 14,322 |
| Acquisition of noncontrolling interests | — | 772 |
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