---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007299"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:11:41.323622+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Q4 sales drop 44% to $61.5M; net loss widens; FY23 outlook modestly positive EBITDA

## Summary
- Q4 net sales $61.5M, down 44% YoY; net loss $(35.3)M vs $(11.0)M.
- FY22 net sales $344.5M, down 28% YoY; net loss $(285.4)M vs net income $13.4M.
- Q4 Adjusted EBITDA $(8.4)M vs $4.9M; includes $2.5M inventory/AR reserves.
- FY23 outlook: net sales $290-310M, modestly positive Adjusted EBITDA, positive free cash flow.
- Initiated restructuring with $7.7M charge; expects $7.0M annual savings.

## SEC filing metadata
- accession: 0001628280-23-007299
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2023-03-09T23:59:59+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/1695295/000162828023007299/0001628280-23-007299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828023007299/hyfm-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007299
- JSON: https://secwatch.observer/filing/0001628280-23-007299.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007299.txt

## Key facts
- Earnings Releases
  HYDROFARM HOLDINGS GROUP, INC. updated its fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).
  - Period: fourth quarter and full year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: On March 9, 2023, Hydrofarm Holdings Group, Inc. issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2022 and full year 2023 outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828023007299/0001628280-23-007299-index.htm

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