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
DateValue
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