---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007798"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:55:01.715405+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Q4 net loss improves to $15.2M; FY2023 adj EBITDA turns positive to $0.3M

## Summary
- Q4 net sales $47.2M, down 23% YoY from $61.5M; volume declined 18.7%, price/mix down 4.5%.
- FY2023 net loss improved to $64.8M from $285.4M; positive adjusted EBITDA of $0.3M (FY2022: -$21.2M).
- Gross margin expanded: FY2023 adjusted gross profit margin 24.3% vs 14.0% prior year.
- FY2023 free cash flow positive $2.8M; cash balance $30.3M, no revolver draw.
- 2024 outlook: net sales to decrease low to high teens; positive adj EBITDA and FCF expected.

## SEC filing metadata
- accession: 0001628280-24-007798
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1695295/000162828024007798/0001628280-24-007798-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828024007798/hyfm-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007798
- JSON: https://secwatch.observer/filing/0001628280-24-007798.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007798.txt

## Key facts
- Earnings Releases
  HYDROFARM HOLDINGS GROUP, INC. updated its the fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 29, 2024, Hydrofarm Holdings Group, Inc. issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023, and full-year 2024 outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828024007798/0001628280-24-007798-index.htm

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