Here are the 10-K annual reports from Hydrofarm Holdings Group, Inc. (HYFM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow HYFM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HYFM filings page.
Hydrofarm Holdings Group, Inc. filed its annual report detailing a deeply challenged 2025 marked by liquidity strain and going‑concern risk. Net sales were $134.3 million, but the company recorded $232.2 million of impairment charges and reclassified $114.4 million of Term Loan principal as current debt.
Hydrofarm deferred a $2.8 million interest payment in February 2026, is not able to meet current working‑capital needs, and warns it may need additional financing, asset sales or even Chapter 11, receivership, or liquidation. The filing highlights heavy exposure to the cannabis‑driven CEA market, regulatory and banking risks tied to U.S. federal cannabis law, and ongoing restructuring, headcount reductions and cost‑cutting to stabilize operations.