OverviewSuggest Edit

Hydrofarm is a distributor and manufacturer of controlled environment agriculture equipment and supplies. Its products are used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end-users to control key farming variables including temperature, humidity, CO2, light intensity spectrum, nutrient concentration, and pH.

TypePublic
Founded1977
HQPetaluma, CA, US
Websitehydrofarm.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2020)209
Revenue (FY, 2019)$235.1 M(+11%)
Share Price (Sept 2021)$54.8(+4%)
Cybersecurity ratingCMore

Key People/Management at Hydrofarm

Bill Toler

Bill Toler

Chairman and CEO
Terence Fitch

Terence Fitch

President
John Lindeman

John Lindeman

Chief Financial Officer
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Hydrofarm Office Locations

Hydrofarm has offices in Petaluma, Denver, Fairless Hills, Lyon Charter Township and in 2 other locations
Petaluma, CA, US (HQ)
2249 S McDowell Blvd Ext
Denver, CO, US
4200 E 50th Ave
Fairless Hills, PA, US
270 Canal Rd
Lyon Charter Township, MI, US
30104 Research Dr, New Hudson
Portland, OR, US
15311 NE Airport Way
Santa Fe Springs, CA, US
12991 Leffingwell Rd
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Hydrofarm Financials and Metrics

Hydrofarm Revenue

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Hydrofarm's revenue was reported to be $235.11 m in FY, 2019 which is a 11% increase from the previous period.
USD

Revenue (Q1, 2021)

111.4m

Gross profit (Q1, 2021)

23.2m

Gross profit margin (Q1, 2021), %

20.8%

Net income (Q1, 2021)

4.9m

EBIT (Q1, 2021)

6.4m

Market capitalization (3-Sept-2021)

2.2b

Closing stock price (3-Sept-2021)

54.8

Cash (31-Mar-2021)

60.3m

EV

2.1b
Hydrofarm's current market capitalization is $2.2 b.
Annual
USDFY, 2018FY, 2019

Revenue

211.8m235.1m

Revenue growth, %

11%

Cost of goods sold

187.7m208.0m

Gross profit

24.1m27.1m
Quarterly
USDQ1, 2021

Revenue

111.4m

Cost of goods sold

88.2m

Gross profit

23.2m

Gross profit Margin, %

21%
Annual
USDFY, 2018FY, 2019

Cash

27.9m22.9m

Accounts Receivable

15.6m15.2m

Inventories

53.2m50.2m

Current Assets

100.6m105.0m
Quarterly
USDQ3, 2020Q1, 2021

Cash

31.1m60.3m

Accounts Receivable

22.5m33.5m

Prepaid Expenses

13.8m

Inventories

80.0m96.3m
Annual
USDFY, 2018FY, 2019

Net Income

(35.5m)(40.1m)

Depreciation and Amortization

8.3m7.0m

Inventories

22.0m2.7m

Accounts Payable

(5.7m)(1.2m)
Quarterly
USDQ3, 2019Q3, 2020Q1, 2021

Net Income

(22.4m)2.1m4.9m

Depreciation and Amortization

5.2m5.2m1.6m

Inventories

(3.7m)(29.7m)(7.5m)

Accounts Payable

7.6m18.1m14.3m
USDFY, 2018

Debt/Equity

2.1 x

Debt/Assets

0.6 x

Financial Leverage

3.7 x
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Hydrofarm Operating Metrics

Q3, 2020

SKUs Offered

6 k

Product Categories

5

Locations

9

Trademarks

60
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Hydrofarm Acquisitions / Subsidiaries

Company NameDateDeal Size
Eddi’s Wholesale Garden Supplies, Ltd.
EHH Holdings, LLC
Eltac XXI S.L.
Hydrofarm Canada, LLC
Hydrofarm Holdings LLC
Hydrofarm Investment Corp.
Hydrofarm, LLC
Shenzhen Representative Office of Hydrofarm Inc. (USA)
SunBlaster Holdings, ULC
Sunblaster LLC

Hydrofarm Revenue Breakdown

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Hydrofarm revenue breakdown by geographic segment: 81.4% from United States and 18.6% from Canada

Hydrofarm Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Hydrofarm Online and Social Media Presence

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Hydrofarm News and Updates

Hydrofarm Acquires Canada’s Greenstar Plant Products

Grotek and Gaia Green Brands Added to Expanding Portfolio of Premium Plant Nutrients as Hydrofarm’s Acquisition Run Continues Grotek and Gaia Green Brands Added to Expanding Portfolio of Premium Plant Nutrients as Hydrofarm’s Acquisition Run Continues

Hydrofarm Holdings Group to Announce Second Quarter 2021 Results on Thursday, August 12, 2021

PETALUMA, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced that it will host a conference call to r…

Hydrofarm Completes Acquisition of Aurora Innovations and its Organic Nutrients and Grow Media Operations

FAIRLESS HILLS, Pa., July 01, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading distributor and manufacturer of hydroponics equipment and supplies, today announced that it has completed its previously announced acquisition of Aurora Innovations, Inc., …

Hydrofarm Announces Redemption of Investor Warrants

Redemption Expected to Increase Cash Balance by Up to $54 Million Redemption Expected to Increase Cash Balance by Up to $54 Million

Hydrofarm Enters into Agreement to Acquire Aurora Innovations and its Organic Nutrients and Grow Media Operations

Aurora Innovations Brings Valuable Manufacturing Presence on the West Coast in Oregon, on the East Coast in New York State, and in Western Canada Aurora Innovations Brings Valuable Manufacturing Presence on the West Coast in Oregon, on the East Coast in New York State, and in Western Canada

Hydrofarm Enters into Agreement to Acquire House & Garden

Manufacturer and Supplier of Hydroponic Nutrients and Equipment to Expand Hydrofarm’s Product Line and Market Position as Company Accelerates Strategic Acquisition Strategy Manufacturer and Supplier of Hydroponic Nutrients and Equipment to Expand Hydrofarm’s Product Line and Market Position as Com…
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Hydrofarm Frequently Asked Questions

  • When was Hydrofarm founded?

    Hydrofarm was founded in 1977.

  • Who are Hydrofarm key executives?

    Hydrofarm's key executives are Bill Toler, Terence Fitch and John Lindeman.

  • How many employees does Hydrofarm have?

    Hydrofarm has 209 employees.

  • What is Hydrofarm revenue?

    Latest Hydrofarm annual revenue is $235.1 m.

  • What is Hydrofarm revenue per employee?

    Latest Hydrofarm revenue per employee is $1.1 m.

  • Who are Hydrofarm competitors?

    Competitors of Hydrofarm include Aleratec, Padiberas Nasional and Omura.

  • Where is Hydrofarm headquarters?

    Hydrofarm headquarters is located at 2249 S McDowell Blvd Ext, Petaluma.

  • Where are Hydrofarm offices?

    Hydrofarm has offices in Petaluma, Denver, Fairless Hills, Lyon Charter Township and in 2 other locations.

  • How many offices does Hydrofarm have?

    Hydrofarm has 6 offices.