HYDROFARM HOLDINGS GROUP, INC.
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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FY2025 · Filed Mar 27, 2026
HYFM$0.72-6.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Years ended December 31, | ||
|---|---|---|
| Operating activities | 2025 | 2024 |
| Net loss | $(289,790) | $(66,717) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation, depletion and amortization | 23,142 | 30,691 |
| Provision for credit losses | 838 | 314 |
| Provision for inventory obsolescence | 1,398 | 2,002 |
| Restructuring expenses | 4,386 | 806 |
| Stock-based compensation expense | 1,179 | 2,385 |
| Non-cash operating lease expense | 7,933 | 8,248 |
| Impairments | 232,179 | — |
| Non-cash loss from asset disposition | — | 11,103 |
| Other | 126 | 1,118 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 5,711 | 1,616 |
| Inventories | 12,121 | 14,415 |
| Prepaid expenses and other current assets | 120 | 1,568 |
| Other assets | (90) | (55) |
| Accounts payable | (2,661) | 56 |
| Accrued expenses and other current liabilities | (3,043) | 1,648 |
| Deferred revenue | 117 | (601) |
| Lease liabilities | (7,784) | (8,932) |
| Other long-term liabilities | 59 | 11 |
| Net cash used in operating activities | (14,059) | (324) |
| Investing activities | ||
| Capital expenditures of property, plant and equipment | (1,024) | (2,892) |
| Proceeds from sale of property, plant and equipment | 183 | 861 |
| Cash proceeds from IGE Asset Sale for property, plant and equipment | — | 3,700 |
| Net cash (used in) from investing activities | (841) | 1,669 |
| Financing activities | ||
| Payment of withholding tax related to stock awards | (46) | (142) |
| Borrowings under foreign revolving credit facilities | 351 | 378 |
| Repayments of foreign revolving credit facilities | (371) | (453) |
| Repayments of Term Loan | (4,909) | (3,197) |
| Finance lease principal payments | (463) | (1,362) |
| Net cash used in financing activities | (5,438) | (4,776) |
| Effect of exchange rate changes on cash and cash equivalents | 536 | (770) |
| Net decrease in cash and cash equivalents | (19,802) | (4,201) |
| Cash and cash equivalents cash at beginning of year | 26,111 | 30,312 |
| Cash and cash equivalents at end of year | $6,309 | $26,111 |
| Non-cash investing and financing activities | ||
| Right-of-use assets acquired (relinquished) under operating lease obligation | $2,166 | $(1,924) |
| Capital expenditures included in accounts payable and accrued liabilities | 31 | 76 |
| Additions of leasehold improvements and related asset retirement obligations | 68 | — |
| Supplemental information | ||
| Cash paid for interest | 12,677 | 13,289 |
| Cash paid for income taxes | 44 | 201 |
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