---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-029223"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:32:03.949243+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Q3 net sales down 40% to $74.2M; reaffirms FY2022 outlook

## Summary
- Net loss of $23.5M ($0.52 EPS loss) vs prior year net income of $17.3M; adjusted EPS loss of $0.33.
- Net sales $74.2M vs $123.8M YoY, driven by 42.6% volume decline; gross margin compressed to 7.9%.
- Adjusted EBITDA loss of $9.0M vs $16.1M gain in prior year; includes $5.5M inventory/AR charges.
- Reaffirms FY2022 net sales guidance $330-347M; Adjusted EBITDA $(25)-$(16)M.
- Generated positive free cash flow $5.6M in Q3; $16.5M cash; $62M undrawn revolver.

## SEC filing metadata
- accession: 0001628280-22-029223
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695295/000162828022029223/0001628280-22-029223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828022029223/hyfm-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029223
- JSON: https://secwatch.observer/filing/0001628280-22-029223.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029223.txt

## Key facts
- Earnings Releases
  HYDROFARM HOLDINGS GROUP, INC. reported third quarter ended September 30, 2022 results: revenue $74.2 million, net income $(23.5) million, or $(0.52) per diluted share, EPS $(0.52) per diluted share. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2022
  - Revenue: $74.2 million
  - Net income: $(23.5) million, or $(0.52) per diluted share
  - EPS: $(0.52) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: (“CEA”), today announced financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Highlights vs. Prior Year Period: • Net sales decreased to $74.2 million compared to $123.8 million. • Gross Profi t decreased to $5.9 million compared to $30.0 million. Adjusted Gross Profit (1)(2) was $7.8 million compared to $33.0 million. • Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828022029223/0001628280-22-029223-index.htm

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