Hydrofarm Holdings reports a Q2 GAAP loss of $2.23 per share on $23.21M revenue, down sharply from the prior year.
Hydrofarm Holdings reported a Q2 GAAP loss of $2.23 per share, missing expectations as revenue fell 40.9% year-over-year to $23.21 million. The company’s adjusted EBITDA worsened to negative $1.7 million from negative $2.3 million in the same period last year.
In the prior-year quarter, Hydrofarm generated $1.7 million in cash from operating activities and $1.4 million in free cash flow. Both metrics improved to approximately break-even in the latest quarter, reflecting cost-cutting efforts amid declining sales.
The results underscore ongoing challenges in the controlled-environment agriculture sector, with revenue declines outpacing margin stabilization efforts.