Hydrofarm Q1 net sales down 29.6% to $28.5M; Term Loan default triggers forbearance

HYDROFARM HOLDINGS GROUP, INC.

2026-Q1 EPS reported -$3.07 revenue$28,524,000

Net loss of $14.6M ($3.07 diluted EPS) vs. $14.4M loss ($3.12 EPS) in prior year.
Adjusted EBITDA worsened to $(3.9)M from $(2.4)M; gross margin fell to 6.4% from 17.0%.
Missed $2.8M Term Loan interest payment in Feb 2026; event of default declared.
Entered Forbearance Agreement Apr 8, 2026; requires $1M minimum liquidity and budget approvals.
Exploring strategic alternatives; cash $4.8M, restricted cash $0.5M as of Mar 31, 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HYDROFARM HOLDINGS GROUP, INC. reported first quarter ended March 31, 2026 results: revenue $28.5 million, net income $14.6 million, EPS $(3.07) per diluted share.

Period: first quarter ended March 31, 2026
Revenue: $28.5 million
Net income: $14.6 million
EPS: $(3.07) per diluted share
Result: reported results

Exact text from the filing

agriculture, today announced financial results for its first quarter ended March 31, 2026 . Comparison of First Quarter vs. Prior Year Period: • Net sales decreased to $28.5 million compared to $40.5 million. • Gross Profit Margin decreased to 6.4% of net sales compared to 17.0%. • Adjusted Gross Profit Margin (1) decreased to 15.8% of net sales compared to

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HYDROFARM HOLDINGS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001437749-26-017370

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