Hydrofarm Holdings Group, Inc.

Snapshot

Hydrofarm is a tiny hydroponics-equipment maker in deep financial trouble. FY 2025 revenue fell 29.4% to $134.3M, gross margin collapsed to just 1.6%, and the company lost $289.8M for the year while burning $15.1M in free cash flow.

What's Happening Right Now

• Fri 14th Aug '26 · Earnings/Forbearance: Q2 2026 revenue fell 40.9% YoY to $23.2M; the company is operating under a forbearance agreement (extended through August 31, 2026) after deferring an interest payment and triggering default on its $114.4M term loan.
• Mon 3rd Aug '26 · Asset sale: Hydrofarm sold its Aurora Peat Products subsidiary for $16 million (including a $5 million note) and used proceeds to pay down term-loan debt, while launching a cost/logistics initiative called Project Agility.
• Fri 10th Jul '26 · Delisting: Nasdaq told Hydrofarm on July 2, 2026 it failed to regain compliance with the minimum stockholders' equity rule, and the company is now appealing to a Nasdaq Hearing Panel; it also got a separate bid-price non-compliance notice on July 6, 2026.
• Fri 26th Jun '26 · Annual meeting: At its June 23, 2026 annual meeting, Hydrofarm re-elected a director and stockholders approved executive pay and ratified its auditor.
• Mon 22nd Jun '26 · Nasdaq extension: On June 22, 2026, Nasdaq granted Hydrofarm an extension on the stockholders' equity requirement, conditioned on the company signing a strategic transaction and showing compliance by its Q3 2026 filing.
• Wed 10th Dec '25 · Registration: Registered $50.00M of securities for sale on Form S-3.