---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-038271"
form_type: "8-K"
ticker: "HFFG"
cik: "0001680873"
company_name: "HF Foods Group Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:59:08.705012+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HF Foods Q3 net income $2.0M, adj. EBITDA up 151%; reveals transformation plan

## Summary
- Q3 net revenue $281.5M (-6.4% YoY); gross margin improved to 18.1% from 17.1%.
- Net income of $2.0M vs net loss of $3.9M in prior-year quarter; adjusted EBITDA $10.0M.
- Nine-month 2023 net loss $5.4M vs net income $3.7M; revenue down 1.2% to $867.6M.
- Announced operational transformation: centralized purchasing, fleet replacement (50%), new ERP, facility upgrades.
- Cash from operations improved to $20.6M in 9M 2023 from $6.9M; $14.3M cash + $48.6M credit access.

## SEC filing metadata
- accession: 0001628280-23-038271
- form_type: 8-K
- ticker: HFFG
- cik: 0001680873
- company_name: HF Foods Group Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/hffg-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038271
- JSON: https://secwatch.observer/filing/0001628280-23-038271.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038271.txt

## Key facts
- Earnings Releases
  HF Foods Group Inc. reported the third quarter ended September 30, 2023 results: revenue $281.5 million, net income Net income of $2.0 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $281.5 million
  - Net income: Net income of $2.0 million
  - Result: reported results
  source text: United States, reported financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results • Net revenue decreased 6.4% to $281.5 million compared to $300.7 million in the prior year. • Gross profit decreased 1.1% to $50.9 million, or 18.1% gross profit margin compared to $51.5 million, or 17.1% gross profit margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm
- Earnings Releases
  HF Foods Group Inc. reported the nine months ended September 30, 2023 results: revenue $867.6 million, net income Net loss of $5.4 million.
  - Period: the nine months ended September 30, 2023
  - Revenue: $867.6 million
  - Net income: Net loss of $5.4 million
  - Result: reported results
  source text: prior year. • Adjusted EBITDA increased 151.0% to $10.0 million compared to $4.0 million in the prior year. Nine Months 2023 Financial Results • Net revenue decreased 1.2% to $867.6 million compared to $878.6 million in the prior year. • Gross profit decreased 2.0% to $151.8 million, or 17.5% gross profit margin compared to $154.8 million, or 17.6% gross profit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680873/000162828023038271/0001628280-23-038271-index.htm

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