{"schema_version":"secwatch.filing_event.v1","accession":"0001695295-26-000008","form_type":"8-K","ticker":"HYFM","cik":"0001695295","company_name":"HYDROFARM HOLDINGS GROUP, INC.","filed_at":"2026-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.919928+00:00","generated_at":"2026-05-15T08:39:38.308869+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Hydrofarm defaults on Term Loan interest; Q4 net loss $242.2M includes $232.2M impairment","bullets":["Q4 net sales fell 32.7% to $25.1M from $37.3M; volume/mix down 27.3%.","Net loss of $242.2M ($51.89 diluted loss) includes $232.2M non-cash impairment of intangible assets.","Adjusted EBITDA improved to -$4.9M from -$7.3M; Adjusted Gross Margin rose to 15.4% from 9.6%.","Company deferred ~$2.8M interest payment on Term Loan on Feb 4, 2026; event of default declared.","Term loan reclassified to current; Revolving Credit Facility terminated Feb 17, 2026; exploring strategic alternatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001695295-26-000008","json":"https://secwatch.observer/filing/0001695295-26-000008.json","markdown":"https://secwatch.observer/filing/0001695295-26-000008.md","text":"https://secwatch.observer/filing/0001695295-26-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695295/000169529526000008/0001695295-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695295/000169529526000008/hyfm-20260327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:39:38.308869+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"566c54f67ffc02288257765bdb4e032c506e86c7","claim":"HYDROFARM HOLDINGS GROUP, INC. reported the fourth quarter and fiscal year ended December 31, 2025 results: revenue $25.1 million, net income $242.2 million, EPS $(51.89) per diluted share.","evidence_excerpt":"Net sales in the fourth quarter of 2025 decreased 32.7% to $25.1 million compared to $37.3 million in the prior year period. This was primarily due to a 27.3% decline in volume/mix of products sold primarily related to industry oversupply, and a 5.6% decrease in price. Gross Profit increased to $2.1 million, or 8.5% of net sales, compared to $1.8 million, or 4.9% of net sales, in the prior year period. Adjusted Gross Profit (1) increased to $3.9 million, or 15.4% of net sales, compared to $3.6 million, or 9.6% of net sales, in the prior year period. Gross Profit, Adjusted Gross Profit (1) , Gross Profit Margin, and Adjusted Gross Profit Margin (1) improved as a result of higher sales of proprietary brands and improved productivity. These increases more than offset the impact of lower net sales. Selling, general and administrative (“SG&A”) expense was $9.6 million, compared to $17.0 million in the prior year period, and Adjusted SG&A (1) expense was $8.8 million compared to $10.8 millio","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000169529526000008/0001695295-26-000008-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended December 31, 2025"},{"label":"Revenue","value":"$25.1 million"},{"label":"Net income","value":"$242.2 million"},{"label":"EPS","value":"$(51.89) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}