---
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"
generated_at: "2026-05-15T20:08:38.846203+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017370
- JSON: https://secwatch.observer/filing/0001437749-26-017370.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017370.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/0001437749-26-017370-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.