Hydrofarm
Manufacturer-distributor of hydroponic and controlled-environment agriculture supplies.
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Profile
Manufactures and distributes branded and third-party hydroponic and controlled-environment agriculture supplies, including nutrients, grow media, lighting, and climate-control products. Generates product revenue through wholesale accounts, while most end demand is linked to cannabis cultivation.
Manufactures and wholesales branded and third-party equipment and consumable supplies for hydroponics and controlled-environment agriculture. Its portfolio spans grow lighting, climate control, soil and soil alternatives, plant nutrients, and other cultivation supplies; proprietary brands make up most revenue and generally carry higher gross margins.
Sells primarily to wholesale accounts in the United States and Canada through a B2B platform, serving hydroponic retailers, commercial resellers, greenhouse builders, garden centers, hardware stores, and e-commerce retailers. Regularly replenished consumables supply most sales, while lighting and equipment are durable categories. Most products are ultimately used in cannabis cultivation, linking demand to growers' crop economics, cultivation activity, retail-channel health, and cannabis policy.
Company facts
Key statistics
Year to date −48.9% · Average volume (30d) 5.5M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | −$0.89 | −$2.23 | −149.5% | $58.2M | $23.2M | −60.1% | −14.97% |
| May 15, 2026Q1 FY26 | −$1.28 | −$3.07 | −139.1% | $57.7M | $28.5M | −50.6% | 0.00% |
| Mar 11, 2026Q4 FY25 | −$0.03 | −$0.52 | −1,677.1% | $27.6M | $25.1M | −8.9% | +24.00% |
| Nov 12, 2025Q3 FY25 | −$3.09 | −$3.51 | −13.6% | $35.7M | $29.4M | −17.9% | +1.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $40.5M | $39.2M | $29.4M | $25.1M | $28.5M | $23.2M | |
| Gross profit | $1.3M | $184.0K | −$1.8M | $2.8M | $725.0K | $2.6M | |
| Operating income | −$10.6M | −$10.0M | −$12.1M | −$6.4M | −$6.2M | −$7.4M | |
| Net income | −$14.4M | −$16.9M | −$16.4M | −$242.2M | −$14.6M | −$10.6M | |
| Diluted EPS | −$3.12 | −$3.63 | −$3.51 | −$51.89 | −$3.07 | −$2.23 | |
| Gross margin | 3.2% | 0.5% | -6.0% | 11.2% | 2.5% | 11.3% | |
| Operating margin | -26.2% | -25.5% | -41.1% | -25.6% | -21.9% | -32.0% |
Fiscal years (4-quarter sums)FY21 $479.4M · FY22 $344.5M · FY23 $226.6M · FY24 $190.3M · FY25 $134.3M
Revenue by product · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $6.2M · Total debt $158.2M · Total assets $101.6M · Shareholders' equity −$89.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.76M · Float 3.49M · 73.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bogaczyk Janusz Michal | 454.0K | 9.80% | 13G | Mar 25, 2025 |
| Richard Christopher Yetter · director | 355.0K | 7.45% | Form 4 | Jun 25, 2026 |
| Dumont Master Fund LP | 305.0K | 6.55% | 13D | Oct 14, 2025 |
| William Douglas Toler · director, officer, other: Chief Executive Officer | 221.7K | 4.65% | Form 4 | Jan 8, 2026 |
| Renah Persofsky · director | 91.5K | 1.92% | Form 4 | Jun 25, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 6, 2026 | Kevin Patrick O'Brien | officer: Chief Financial Officer | −1,150 | $1.51 |
| Dec 5, 2025 | Melisa Denis | director | −120 | $1.92 |
| Dec 4, 2025 | Melisa Denis | director | −2,875 | $1.88 |
Peers
- GrowGeneration
Full-line CEA supply and B2B distribution rival.
- iPower
Online hydroponic-equipment and value-brand competition.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hydrofarm | $0.8206 | +0.33% | $4.0M | — | — | 0.0 | −40.9% |
| GrowGeneration | $1.62 | −0.31% | $97.3M | — | — | 0.6 | +5.5% |
| iPower | $1.95 | +0.26% | $31.5K | — | 0.0 | 0.0 | −78.9% |
| Median | — | 0.0 | 0.3 | −36.7% |




