---
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"
generated_at: "2026-05-15T08:39:38.308869+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm defaults on Term Loan interest; Q4 net loss $242.2M includes $232.2M impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001695295-26-000008
- JSON: https://secwatch.observer/filing/0001695295-26-000008.json
- Plain text: https://secwatch.observer/filing/0001695295-26-000008.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter and fiscal year ended December 31, 2025
  - Revenue: $25.1 million
  - Net income: $242.2 million
  - EPS: $(51.89) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1695295/000169529526000008/0001695295-26-000008-index.htm

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