secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2026-05-15T20:03:12+00:00
Accession:  0001437749-26-017370
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/0001437749-26-017370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000143774926017370/hyfm20260209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-017370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer