Hydrofarm Holdings (HYFM) is an ancillary cannabis company trading on the NASDAQ. The stock is currently priced at $0.82 with a market capitalization of $3.9M. View SEC filings ↗
Market Cap
$3.9M
Volume
140.6K
Prev Close
$0.79
52W High
$3.20
52W Low
$0.50
P/S Ratio
N/A
Shares Out
4.8M
Revenue
N/A
Gross Margin
N/A
Cash
$6.6M
HYFM Price Chart
Latest Quarterly Results
In Q2 2026, Hydrofarm Holdings reported revenue of $23.2M. Gross margin was 11.3%. The net loss was $10.6M. The company ended the quarter with $6.6M in cash and $114.5M of debt.
| HYFM | Q2 2026 | YoY |
|---|---|---|
| Revenue | $23.2M | — |
| Gross margin | 11.3% | — |
| Net income | -$10.6M | — |
| Operating cash flow | $52.0K | — |
| Cash & equivalents | $6.6M | — |
| Total debt | $114.5M | — |
Source: SEC filings, in USD; quarters are calendar quarters of the period end. Latest filing: 10-Q, filed Aug 14, 2026 ↗. Next report expected around Nov 16, 2026 (estimate).
Trading Data
Valuation Metrics
Financial Highlights
View Full FinancialsQuarterly Revenue
HYFM Key Takeaways
- Hydrofarm Holdings (HYFM) trades at $0.82 with a market cap of $3.9M, ranking #56 among 71 cannabis stocks.
- Balance sheet shows $6.6M cash against $114.5M debt — net debt position.
- Ranked #5 by market cap in the Ancillary sector. Trades on the NASDAQ exchange.
HYFM Stock Analysis
Hydrofarm Holdings (HYFM) is an ancillary cannabis company listed on the NASDAQ exchange, headquartered in the United States. With a current share price of $0.82 and a market capitalization of $3.9M, HYFM ranks #56 out of 71 publicly traded cannabis stocks tracked on Cannabismarketcap.
The company's balance sheet shows $6.6M in cash and equivalents against $114.5M in total debt, leaving net debt of $107.8M. Investors looking for a deeper dive can explore HYFM's full financial statements including quarterly breakdowns and balance sheet history.
HYFM currently trades within a 52-week range of $0.50 to $3.20. Average daily trading volume stands at 140.6K shares. The company employs approximately 286 people.
Corporate Information
Share Structure
HYFM Price History
Investment Snapshot
Programmatic analysis based on available financial data. Not investment advice.
Ranked #56 of 71 by market cap ($3.9M). Sector median: $32.9M.
Net debt: $107.8M ($6.6M cash, $114.5M debt).
Revenue growth data unavailable.
Valuation data unavailable.
Cannabis Industry Context
Cannabis Industry Overview
Ancillary cannabis companies — often described as the picks-and-shovels plays of the industry — provide products and services to the cannabis supply chain without directly touching the plant. This model carries meaningfully lower regulatory risk because ancillary businesses are not subject to the same licensing requirements, 280E tax penalties, or banking restrictions that encumber plant-touching operators. The ancillary segment spans a wide range of verticals including cultivation technology (LED lighting, HVAC, nutrients), extraction and processing equipment, packaging and compliance solutions, seed-to-sale tracking software, point-of-sale systems, and professional services such as legal, accounting, and consulting. As the cannabis industry matures, ancillary companies benefit from growing total addressable markets in every newly legalized jurisdiction. Many of these businesses also serve adjacent markets in agriculture, food processing, or enterprise software, which diversifies their revenue base and reduces dependence on cannabis-specific demand cycles. Investors often favor ancillary names for their comparatively cleaner financial profiles, conventional banking access, and eligibility for major exchange listings.
Hydrofarm Holdings in the Ancillary Landscape
Hydrofarm Holdings (HYFM) currently ranks #5 out of 5 publicly traded ancillary companies by market capitalization, with a market cap of $3.9M. Revenue data is not currently available for this company. The ancillary sector comprises 5 tracked companies, reflecting the focused competitive landscape within this segment of the cannabis industry.
The top companies in the ancillary sector by market capitalization are Scotts Miracle-Gro (SMG) at $3.46B, Turning Point Brands (TPB) at $1.35B, and GrowGeneration (GRWG) at $87.8M. Hydrofarm Holdings competes within this group for market share, investor attention, and operational scale as the sector continues to mature.
Key Metrics at a Glance
Regulatory & Risk Considerations
All cannabis investors should be aware that federal legalization status in the United States remains uncertain. While cannabis is legal for medical use in the majority of US states and for adult use in a growing number of jurisdictions, it remains classified as a Schedule I controlled substance at the federal level. This creates material legal, financial, and operational risks across the industry. Ancillary companies like Hydrofarm Holdings generally face lower direct regulatory risk because they do not handle the cannabis plant itself. This distinction allows ancillary businesses to access conventional banking services, list on major exchanges, and avoid the 280E tax penalty that burdens plant-touching operators. However, ancillary companies remain exposed to the overall health of the cannabis industry — a major regulatory setback or prolonged downturn in cannabis operator spending would flow through to ancillary revenue.
Some ancillary businesses that provide services closely tied to cannabis operations — such as compliance software, testing laboratories, or cultivation consulting — may face state-specific licensing or registration requirements. Companies serving both cannabis and non-cannabis markets benefit from revenue diversification that mitigates cannabis-specific regulatory risk, though investors should assess the degree to which each company's growth trajectory depends on continued cannabis market expansion.
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Frequently Asked Questions
What is Hydrofarm Holdings's (HYFM) stock price today?▼
Hydrofarm Holdings (HYFM) stock is currently trading at $0.82 per share on the NASDAQ exchange. This represents a daily gain of +4.56% ($0.0360) from the previous closing price of $0.79. Over the past 52 weeks, HYFM has traded between a low of $0.50 and a high of $3.20, placing the current price at approximately -74% from its annual high. The stock has a market capitalization of $3.9M, making it a notable cannabis-adjacent companies tracked by Cannabismarketcap. Hydrofarm Holdings operates in the Ancillary sector, classified under "WHOLESALE-MISCELLANEOUS NONDURABLE GOODS", serving the broader cannabis industry.
What is Hydrofarm Holdings's market capitalization?▼
Hydrofarm Holdings (HYFM) has a current market capitalization of $3.9M, calculated by multiplying its 4.8M shares outstanding by the current stock price of $0.82. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Hydrofarm Holdings among the small-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $111.7M, which accounts for the company's balance sheet structure. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.
How many employees does Hydrofarm Holdings have?▼
Hydrofarm Holdings currently employs approximately 286 people across its operations. As an ancillary cannabis company headquartered in the United States, its workforce supports activities spanning wholesale-miscellaneous nondurable goods and related business functions. Employee count is an important indicator of a company's operational scale and its capacity for growth in an industry that remains highly labor-intensive due to regulatory requirements.
What exchange is HYFM listed on?▼
Hydrofarm Holdings trades under the ticker symbol HYFM on the NASDAQ exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts. The company has been publicly listed since 2020-12-10, giving it a track record in the public markets that investors can analyze for long-term trends. The stock sees average daily trading volume of approximately 140.6K shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.
What is HYFM's 52-week trading range?▼
Hydrofarm Holdings (HYFM) has traded between a 52-week low of $0.50 and a 52-week high of $3.20, with the current price of $0.82 sitting approximately -74% from the annual high. This range represents a spread of $2.70 (540% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.
What is Hydrofarm Holdings's cash position and debt level?▼
Hydrofarm Holdings (HYFM) holds $6.6M in cash and equivalents on its balance sheet, set against $114.5M in total debt. This gives the company a net debt position of $107.8M. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.
How many shares outstanding does Hydrofarm Holdings have?▼
Hydrofarm Holdings (HYFM) currently has 4.8M shares outstanding, which when multiplied by the current stock price of $0.82 gives the company its market capitalization of $3.9M. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.
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