HYDROFARM HOLDINGS GROUP, INC.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net sales $235.1m $342.2m $479.4m $344.5m $226.6m $190.3m $134.3m
Cost of goods sold $208.0m $278.6m $377.9m $315.2m $189.0m $158.2m $119.0m
Gross profit $27.1m $63.6m $101.5m $29.3m $37.6m $32.1m $15.2m
Selling, general and administrative $43.8m $58.5m $103.9m $118.6m $87.3m $72.8m $59.9m
Impairments $0 $192.3m $0 $0 $232.2m
Loss on asset disposition $0 $11.5m $0
Loss from operations ($26.7m) $4.3m ($2.7m) ($281.6m) ($49.7m) ($52.2m) ($276.9m)
Loss before tax ($40.8m) ($6.7m) ($5.7m) ($291.9m) ($65.0m) ($65.8m) ($290.5m)
Net loss ($40.1m) ($7.3m) $13.4m ($285.4m) ($64.8m) ($66.7m) ($289.8m)
Basic (in dollars per share) ($1.94) ($0.34) $0.34 ($6.35) ($1.42) ($14.51) ($62.35)
Diluted (in dollars per share) ($1.94) ($0.34) $0.31 ($6.35) ($1.42) ($14.51) ($62.35)
Interest expense ($13.5m) ($10.1m) ($2.1m) ($11.0m) ($15.4m) ($15.2m) ($13.4m)
Other (expense) income, net $105k $70k ($204k) $841k $118k $1.6m ($185k)
Income tax benefit (expense) $691k ($576k) $19.1m $6.4m $213k ($869k) $740k