Hydrofarm Holdings (HYFM) Operating Expenses (2020 - 2026)
Hydrofarm Holdings' (HYFM) quarterly Operating Expenses came in at $10.6 million in Q1 2026, down 40.84% year-on-year from $17.9 million in Q1 2025, and up 10.31% quarter-over-quarter from $9.6 million in Q4 2025.
Hydrofarm Holdings (HYFM) Operating Expenses (2020 - 2026) Analysis & Trends
Hydrofarm Holdings' Operating Expenses history runs 7 years deep, the most recent figure standing at $10.6 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 40.84% year-over-year to $10.6 million in Q1 2026; TTM through Mar 2026 was $52.7 million, a 25.88% decrease from a year earlier, with the FY2025 full-year figure at $59.9 million, down 17.65% from the prior year.
- Operating Expenses climbed to $10.6 million in Q1 2026 per HYFM's latest filing, from $9.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $40.2 million in Q1 2022 and bottomed at $9.6 million in Q4 2025.
- The 5-year median for Operating Expenses is $19.5 million (2023), against an average of $20.5 million.
- Across the five-year window, Operating Expenses jumped 138.77% in 2022 and tumbled 43.51% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $26.2 million in 2022, then decreased by 24.14% to $19.9 million in 2023, then retreated by 14.66% to $17.0 million in 2024, then tumbled by 43.51% to $9.6 million in 2025, then advanced by 10.31% to $10.6 million in 2026.
- Per Business Quant, the three latest HYFM Operating Expenses figures stand at $10.6 million (Q1 2026), $9.6 million (Q4 2025), and $16.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Greenpower Motor | 1,097.82 Bn | 1,097.82 Bn | 1.26 Mn | 1.29 Mn |
| 2 | Caterpillar | 395.23 Bn | 391.15 Bn | 6.11 Bn | 14.33 Bn |
| 3 | Deere | 166.57 Bn | 158.67 Bn | 13.06 Bn | 11.08 Bn |
| 4 | Paccar | 69.54 Bn | 68.66 Bn | 1.36 Bn | 5.65 Bn |
| 5 | CNH Industrial | 13.57 Bn | 11.97 Bn | 1.22 Bn | 701.00 Mn |
| 6 | Oshkosh | 9.64 Bn | 9.39 Bn | 311.90 Mn | 229.90 Mn |
| 7 | Agco | 8.60 Bn | 8.09 Bn | 581.40 Mn | 339.10 Mn |
| 8 | Terex | 6.57 Bn | 6.17 Bn | 206.00 Mn | 241.00 Mn |
| 9 | Blue Bird | 2.36 Bn | 2.08 Bn | 70.65 Mn | 31.53 Mn |
| 10 | Hydrofarm Holdings | 3.20 Mn | -2.15 Mn | 1.84 Mn | 10.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.57 Mn |
| Dec 31, 2025 | 9.58 Mn |
| Sep 30, 2025 | 16.37 Mn |
| Jun 30, 2025 | 16.14 Mn |
| Mar 31, 2025 | 17.86 Mn |
| Dec 31, 2024 | 16.96 Mn |
| Sep 30, 2024 | 17.56 Mn |
| Jun 30, 2024 | 18.66 Mn |
| Mar 31, 2024 | 19.62 Mn |
| Dec 31, 2023 | 19.87 Mn |
| Sep 30, 2023 | 19.54 Mn |
| Jun 30, 2023 | 23.47 Mn |
| Mar 31, 2023 | 24.43 Mn |
| Dec 31, 2022 | 26.20 Mn |
| Sep 30, 2022 | 26.19 Mn |
| Jun 30, 2022 | 25.97 Mn |
| Mar 31, 2022 | 40.25 Mn |
| Dec 31, 2021 | 27.43 Mn |
| Sep 30, 2021 | 32.64 Mn |
| Jun 30, 2021 | 27.26 Mn |