Hydrofarm Holdings (HYFM) Operating Expenses (2020 - 2026)
Hydrofarm Holdings (HYFM) recorded Operating Expenses of $10.06 million in Q2 2026, down 37.7% from $16.14 million a year earlier and down 4.8% from the prior quarter.
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Analysis
Hydrofarm Holdings (HYFM) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Hydrofarm Holdings' Operating Expenses came in at $46.58 million as of Jun 30, 2026, down 32.0% year-over-year; for FY2025, it was $59.95 million, down 17.6% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $72.79 million in FY2024 (-16.6%), $87.31 million in FY2023 (-71.9%), $310.93 million in FY2022 (+198.4%) and $104.19 million in FY2021 (+75.5%).
- Quarterly Operating Expenses has ranged from $9.58 million in Q4 2025 to $40.25 million in Q1 2022 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for 17 consecutive quarters, with an average decline of 22.0% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 156.9% in Q3 2021, against a decline of 43.5% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $10.57 million (Q1 2026), $9.58 million (Q4 2025) and $16.37 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 334.06 Bn | 305.75 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 195.22 Bn | 189.80 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 170.77 Bn | 138.86 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 148.39 Bn | 145.58 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 119.49 Bn | 117.61 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Emerson Electric | 89.58 Bn | 82.32 Bn | 2.66 Bn | 1.34 Bn |
| 7 | 3M | 88.93 Bn | 70.33 Bn | 2.68 Bn | 5.52 Bn |
| 8 | Illinois Tool Works | 78.81 Bn | 75.37 Bn | 1.90 Bn | - |
| 9 | Vertiv Holdings | 78.25 Bn | 68.87 Bn | 1.23 Bn | 490.50 Mn |
| 10 | Hydrofarm Holdings | 3.54 Mn | -24.39 Mn | 2.63 Mn | 10.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.06 Mn |
| 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 |
API Access
Hydrofarm Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HYFM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HYFM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HYFM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();