← HYDROFARM HOLDINGS GROUP, INC.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($40.1m) | ($7.3m) | $13.4m | ($285.4m) | ($64.8m) | ($66.7m) | ($289.8m) | — | |
| Depreciation, depletion and amortization | $7.0m | $6.8m | $14.9m | $41.5m | $32.1m | $30.7m | $23.1m | $16.9m | |
| Stock-based compensation expense | $208k | $8.9m | $5.0m | $8.4m | $5.1m | $2.4m | $1.2m | $872k | |
| Impairments | $5.4m | $0 | $0 | $192.3m | $0 | $0 | $232.2m | — | |
| Accounts receivable | ($620k) | ($6.3m) | ($1.9m) | $16.7m | $766k | $1.6m | $5.7m | $8.6m | |
| Provision for inventory obsolescence | — | — | $1.2m | $16.4m | $1.6m | $2.0m | $1.4m | — | |
| Inventories | $2.7m | ($36.9m) | ($46.8m) | $57.0m | $26.1m | $14.4m | $12.1m | $15.0m | |
| Accounts payable | ($1.2m) | $4.8m | ($7.2m) | ($12.0m) | ($1.1m) | $56k | ($2.7m) | ($1.7m) | |
| Capital expenditures included in accounts payable and accrued liabilities | — | — | — | $611k | $200k | $76k | $31k | ($799k) | |
| Accrued expenses and other current liabilities | $2.4m | $5.9m | ($3.2m) | ($4.5m) | ($3.5m) | $1.6m | ($3.0m) | — | |
| Deferred revenue | — | — | $5.1m | ($13.3m) | ($439k) | ($601k) | $117k | — | |
| Other | $5.7m | ($687k) | ($1.3m) | ($757k) | $45k | $0 | $126k | — | |
| Prepaid expenses and other current assets | ($9k) | ($7.7m) | $2.8m | $3.7m | ($49k) | $1.6m | $120k | — | |
| Other assets | $494k | $24k | ($1.8m) | $262k | ($172k) | ($55k) | ($90k) | — | |
| Net cash used in operating activities | ($13.3m) |
($44.8m)
-236.98%
|
($45.1m)
-0.54%
|
$22.0m
+148.79%
|
$7.0m
-67.97%
|
($324k)
-104.60%
|
($14.1m)
-4239.20%
|
($3.1m)
+78.27%
|
|
| Capital expenditures of property, plant and equipment | ($768k) | ($1.4m) | ($5.4m) | ($8.2m) | ($4.2m) | ($2.9m) | ($1.0m) | ($799k) | |
| Proceeds from sale of property, plant and equipment | — | — | — | — | $96k | $861k | $183k | $183k | |
| Cash proceeds from IGE Asset Sale for property, plant and equipment | — | — | — | — | $0 | $3.7m | $0 | — | |
| Net cash (used in) from investing activities | ($3.8m) | $546k | ($468.2m) | ($8.5m) | ($4.2m) | $1.7m | ($841k) | — | |
| Borrowings under foreign revolving credit facilities | $256.9m | $306.0m | $142.6m | $853k | $965k | $378k | $351k | — | |
| Net cash used in financing activities | $19.9m |
$88.1m
+342.94%
|
$464.7m
+427.21%
|
($20.2m)
-104.35%
|
$6.1m
+130.02%
|
($4.8m)
-178.75%
|
($5.4m)
-13.86%
|
($5.2m)
+4.87%
|
|
| Cash and cash equivalents cash at beginning of year | $32.9m | $77.0m | $28.4m | $21.3m | $30.3m | $26.1m | $6.3m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $2.2m | $232k | ($27k) | ($395k) | $82k | ($770k) | $536k | $460k | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Provision for credit losses | — | — | ($110k) | $3.0m | ($386k) | $314k | $838k | — | |
| Restructuring expenses | — | — | $0 | $6.1m | — | $806k | $4.4m | — | |
| Non-cash operating lease expense | $3.6m | $3.5m | $5.7m | $9.8m | $9.9m | $8.2m | $7.9m | ($3.1m) | |
| Non-cash loss from asset disposition | — | — | — | — | $0 | $11.1m | $0 | — | |
| Lease liabilities | ($3.3m) | ($3.1m) | ($4.7m) | ($7.8m) | ($9.2m) | ($8.9m) | ($7.8m) | — | |
| Other long-term liabilities | $123k | ($493k) | $0 | ($370k) | ($55k) | $11k | $59k | — | |
| Payment of withholding tax related to stock awards | $0 | $0 | ($20.0m) | ($2.5m) | ($271k) | ($142k) | ($46k) | — | |
| Repayments of foreign revolving credit facilities | — | — | ($143.0m) | ($1.1m) | ($970k) | ($453k) | ($371k) | — | |
| Repayments of Term Loan | ($256.8m) | ($404.0m) | ($143.0m) | ($1.2m) | ($1.2m) | ($3.2m) | ($4.9m) | — | |
| Finance lease principal payments | — | — | — | — | ($1.0m) | ($1.4m) | ($463k) | — | |
| Net decrease in cash and cash equivalents | $4.9m | $44.1m | ($48.6m) | ($7.1m) | $9.0m | ($4.2m) | ($19.8m) | — | |
| Right-of-use assets acquired (relinquished) under operating lease obligation | $0 | $3.2m | $22.9m | $29.0m | ($1.1m) | ($1.9m) | $2.2m | — | |
| Additions of leasehold improvements and related asset retirement obligations | — | — | — | $987k | $349k | $0 | $68k | — | |
| Cash paid for interest | $5.5m | $23.1m | $1.6m | $9.6m | $13.1m | $13.3m | $12.7m | — | |
| Cash paid for income taxes | $63k | $94k | $2.0m | $3.9m | ($1.0m) | $201k | $44k | — |