Hydrofarm Holdings Group reported second quarter 2026 results showing net sales of $23.2 million, a 40.9% decline from the prior year period. The company posted a net loss of $10.6 million, or $(2.23) per diluted share, compared to a $16.9 million loss previously. Gross profit margin improved to 11.3% due to a higher mix of proprietary brand sales, while SG&A expenses decreased by 37.7%. The company sold its Aurora Peat Products subsidiary for $16 million in July to reduce debt and remains in discussions with Term Loan lenders following an event of default triggered by a deferred interest payment. Hydrofarm operates as a manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture.
