{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-017370","form_type":"8-K","ticker":"HYFM","cik":"0001695295","company_name":"HYDROFARM HOLDINGS GROUP, INC.","filed_at":"2026-05-15T20:03:12+00:00","discovered_at":"2026-05-15T20:07:00.428292+00:00","generated_at":"2026-05-15T20:08:38.846203+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Hydrofarm Q1 net sales down 29.6% to $28.5M; Term Loan default triggers forbearance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-017370","json":"https://secwatch.observer/filing/0001437749-26-017370.json","markdown":"https://secwatch.observer/filing/0001437749-26-017370.md","text":"https://secwatch.observer/filing/0001437749-26-017370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/0001437749-26-017370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/hyfm20260209_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T20:08:38.846203+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4cf69a30a226f6b220789b055960c213d3bc6ae6","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/0001437749-26-017370-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$28.5 million"},{"label":"Net income","value":"$14.6 million"},{"label":"EPS","value":"$(3.07) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}