Financial Statements — HYFM
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.15 | 4.81 | 10.65 | 10.99 | 13.73 | 24.40 | 30.31 | 24.15 | 32.46 | 26.68 | 18.70 | 16.49 | 26.45 | 12.16 | 12.68 | 193.59 | 60.26 |
| Accounts Receivable | -- | -- | 10.01 | 14.30 | 20.92 | 15.76 | 18.57 | 22.47 | 17.07 | 18.21 | 22.60 | 23.80 | 32.05 | 45.32 | 35.34 | 33.64 | 33.52 |
| Inventory | 22.77 | 28.81 | 38.34 | 44.16 | 49.90 | 58.22 | 58.72 | 72.32 | 80.10 | 95.12 | 103.43 | 137.04 | 157.35 | 190.00 | 163.35 | 121.50 | 96.28 |
| Total Current Assets | 39.88 | 50.54 | 62.63 | 73.04 | 88.69 | 103.40 | 111.66 | 123.97 | 133.90 | 145.96 | 150.84 | 186.66 | 227.07 | 261.04 | 222.46 | 361.14 | 205.66 |
| Property, Plant & Equipment | 26.39 | 27.65 | 34.75 | 36.25 | 36.46 | 39.77 | 41.11 | 46.61 | 48.12 | 50.40 | 50.99 | 51.22 | 52.62 | 51.35 | 26.65 | 6.19 | 3.77 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 183.34 | 297.52 | 147.03 | -- |
| Intangible Assets | 2.80 | 2.80 | 228.40 | 234.33 | 240.28 | 252.46 | 258.40 | 266.99 | 279.19 | 285.81 | 291.55 | 303.37 | 310.66 | 324.21 | 148.49 | 85.89 | -- |
| Total Non-current Assets* | 61.70 | 67.22 | 307.06 | 316.83 | 321.87 | 342.54 | 351.70 | 370.04 | 388.53 | 400.27 | 408.42 | 410.62 | 422.18 | 620.43 | 560.58 | 294.63 | 77.01 |
| Total Assets | 101.58 | 117.76 | 369.68 | 389.88 | 410.56 | 445.94 | 463.36 | 494.02 | 522.43 | 546.23 | 559.26 | 597.27 | 649.25 | 881.47 | 783.04 | 655.77 | 282.68 |
| Accounts Payable | 10.66 | 14.53 | 11.81 | 12.70 | 16.09 | 10.17 | 13.80 | 15.44 | 13.03 | 12.39 | 13.23 | 19.04 | 23.69 | 36.37 | 31.21 | 33.78 | 36.81 |
| Total Current Liabilities | 148.00 | 150.92 | 30.14 | 31.48 | 39.94 | 31.95 | 35.48 | 39.32 | 35.39 | 35.64 | 37.23 | 48.73 | 71.41 | 88.88 | 118.57 | 68.63 | 55.64 |
| Long-term Debt | 114.46 | 114.46 | 111.78 | 111.59 | 115.84 | 116.14 | 116.52 | 116.67 | 118.46 | 118.72 | 118.73 | 120.91 | 121.14 | 121.49 | 27.68 | 0.56 | 0.24 |
| Total Non-current Liabilities* | 42.60 | 44.97 | 161.26 | 163.39 | 160.67 | 171.01 | 172.87 | 176.66 | 183.12 | 186.03 | 187.82 | 166.04 | 168.61 | 177.13 | 29.43 | 24.98 | 15.19 |
| Total Liabilities | 190.60 | 195.90 | 191.40 | 194.87 | 200.61 | 202.96 | 208.35 | 215.99 | 218.51 | 221.67 | 225.05 | 214.77 | 240.01 | 266.01 | 147.99 | 93.61 | 70.83 |
| Retained Earnings | (872.49) | (861.86) | (605.10) | (588.71) | (571.85) | (539.95) | (526.80) | (503.35) | (475.53) | (455.64) | (442.78) | (390.66) | (367.12) | (163.81) | (129.47) | (146.74) | (148.99) |
| Total Stockholder Equity | (89.02) | (78.14) | 178.28 | 195.01 | 209.95 | 242.98 | 255.01 | 278.03 | 303.92 | 324.56 | 334.20 | 382.51 | 409.24 | 615.46 | 635.04 | 562.16 | 211.85 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 23.21 | 28.52 | 25.12 | 29.35 | 39.24 | 40.53 | 37.31 | 44.01 | 54.79 | 54.17 | 47.18 | 54.17 | 63.05 | 62.18 | 61.46 | 74.16 | 97.51 | 111.38 | 110.41 | 123.82 |
| Cost of Revenue | 20.58 | 26.69 | 22.99 | 25.94 | 36.45 | 33.66 | 35.48 | 35.49 | 43.94 | 43.25 | 38.74 | 50.86 | 48.58 | 50.80 | 61.93 | 68.29 | 90.17 | 94.77 | 91.73 | 93.83 |
| Gross Profit | 2.63 | 1.84 | 2.13 | 3.41 | 2.79 | 6.88 | 1.84 | 8.52 | 10.85 | 10.93 | 8.45 | 3.31 | 14.47 | 11.38 | (0.47) | 5.86 | 7.34 | 16.61 | 18.68 | 29.99 |
| Selling, General & Admin | 10.06 | 10.57 | 9.58 | 16.36 | 16.14 | 17.86 | 16.96 | 17.56 | 18.66 | 19.62 | 19.87 | 19.54 | 23.47 | 24.43 | 23.44 | 26.19 | 25.97 | 43.00 | 27.66 | 32.15 |
| Total Operating Expenses* | 10.06 | 10.57 | 241.76 | 16.36 | 16.14 | 17.86 | 16.96 | 17.56 | 30.18 | 19.62 | 19.87 | 19.54 | 23.47 | 24.43 | 26.20 | 26.19 | 215.55 | 43.00 | 27.69 | 32.40 |
| Operating Income | (7.43) | (8.73) | (239.63) | (12.96) | (13.35) | (10.99) | (15.12) | (9.04) | (19.33) | (8.70) | (11.42) | (16.23) | (8.99) | (13.05) | (26.67) | (20.32) | (208.21) | (26.40) | (9.01) | (2.41) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.93 | 4.02 | 3.96 | 3.77 | 3.69 | 3.10 | 3.07 | 2.42 | 2.37 | 1.86 | 0.13 |
| Pretax Income | (10.86) | (14.72) | (243.00) | (16.26) | (16.96) | (14.30) | (17.51) | (12.87) | (23.06) | (12.41) | (15.35) | (19.80) | (13.18) | (16.70) | (30.04) | (22.78) | (210.17) | (28.86) | (11.16) | (2.58) |
| Tax Provision | (0.22) | (0.11) | (0.85) | 0.13 | (0.10) | 0.08 | 0.00 | 0.28 | 0.39 | 0.20 | (0.13) | 0.09 | (0.32) | 0.15 | 5.23 | 0.76 | (6.86) | (5.57) | (0.11) | (19.84) |
| Net Income | (10.63) | (14.61) | (242.15) | (16.39) | (16.86) | (14.38) | (17.51) | (13.15) | (23.45) | (12.61) | (15.21) | (19.88) | (12.86) | (16.85) | (35.27) | (23.54) | (203.31) | (23.30) | (11.05) | 17.27 |
| Basic EPS | (2.23) | (3.07) | (52.09) | (3.51) | (3.63) | (3.12) | (13.43) | (0.29) | (0.51) | (0.28) | (0.33) | (0.44) | (0.28) | (0.37) | (0.78) | (0.52) | (4.53) | (0.52) | (0.26) | 0.39 |
| Diluted EPS | (2.23) | (3.07) | (52.09) | (3.51) | (3.63) | (3.12) | (13.43) | (0.29) | (0.51) | (0.28) | (0.33) | (0.44) | (0.28) | (0.37) | (0.78) | (0.52) | (4.53) | (0.52) | (0.24) | 0.37 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.05 | (0.76) | (3.97) | (0.04) | 1.72 | (11.76) | 2.66 | (4.47) | 3.78 | (2.30) | (1.58) | 7.67 | 9.91 | (8.95) | 6.50 | 8.22 | 17.42 | (10.15) | (27.56) | (17.01) |
| Capital Expenditures | 0.06 | 0.02 | 0.33 | 0.17 | 0.28 | 0.24 | 0.27 | 0.81 | 0.37 | 1.44 | 0.16 | 0.75 | 1.65 | 1.65 | 1.12 | 2.59 | 2.05 | 2.47 | 2.33 | 2.38 |
| Free Cash Flow* | (0.01) | (0.78) | (4.30) | (0.21) | 1.44 | (12.01) | 2.39 | (5.28) | 3.42 | (3.74) | (1.74) | 6.92 | 8.26 | (10.60) | 5.38 | 5.63 | 15.37 | (12.62) | (29.89) | (19.39) |
| Investing Cash Flow | 1.45 | (0.02) | (0.23) | (0.11) | (0.25) | (0.25) | 0.21 | (0.82) | 3.69 | (1.41) | (0.11) | (0.79) | (1.66) | (1.60) | (1.10) | (2.64) | (2.36) | (2.38) | (48.78) | (222.80) |
| Financing Cash Flow | (0.11) | (0.15) | (0.20) | (0.12) | (4.71) | (0.41) | (0.49) | (0.71) | (1.22) | (2.36) | (0.58) | (0.80) | (0.51) | 7.96 | (0.72) | (16.13) | (1.40) | (1.95) | 90.26 | 59.00 |
* Derived from reported values