HFFG HF Foods Group Inc.

Overview and Growth

Fiscal 2025 results for HF Foods Group Inc. combined $1.23B of revenue with net loss of $38.84M and an operating cash inflow of $25.48M. At $1.23B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 2.2% from $1.20B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were -$0.73, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $541.53M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 2.27x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $207.58M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 16.9% of revenue, showing how much of the top line remained after direct costs. Operations produced a $33.00M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 2.7%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $38.84M for the fiscal year. Net margin was -3.2%, reflecting a loss equal to 3.2% of reported revenue. The company reported a pretax loss of $45.28M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 3.7%. An income-tax benefit of $5.97M improved the final result relative to pretax income or loss. Relative to period-end equity, the net loss represented 19.1%. The loss-to-assets relationship was 7.2%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

The company held $541.53M of assets against $337.94M of liabilities and $203.59M of equity, revealing how the asset base was financed. Current assets were $194.00M against $164.77M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.18x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $8.64M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 5.2%, excluding receivables and other current assets. Borrowings totaled $106.12M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.52x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 19.6%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 62.4%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 1.6%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 1.5% from $549.99M in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 15.6% from $241.29M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $25.48M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $18.92M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 74.2% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $6.56M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 0.5%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 1.2%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.