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HFFG

HF Foods Group Inc.

HFFG

HF Foods Group Inc. • NASDAQ
$2.51 ▼ -1.18% (-0.03)
Market Cap $133.38 M
52w High $4.93
52w Low $1.70
Dividend Yield 0%
P/E -2.92
Volume 91.59K
Outstanding Shares 53.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $305.758M ▼ $49.289M ▼ $-1.116M ▼ -0.365% ▼ $-0.02 ▼ $8.557M ▼
Q2-2025 $314.853M ▲ $51.013M ▲ $1.216M ▲ 0.386% ▲ $0.023 ▲ $11.109M ▲
Q1-2025 $297.473M ▼ $49.805M ▼ $-1.645M ▲ -0.553% ▲ $-0.031 ▲ $6.905M ▲
Q4-2024 $305.282M ▲ $94.341M ▲ $-43.894M ▼ -14.378% ▼ $-0.83 ▼ $-32.567M ▼
Q3-2024 $297.619M $49.652M $-3.94M -1.324% $-0.075 $4.219M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $12.328M ▼ $595.083M ▲ $354.221M ▲ $239.208M ▼
Q2-2025 $15.65M ▼ $593.537M ▲ $352.42M ▲ $239.705M ▲
Q1-2025 $16.099M ▲ $581.85M ▲ $341.712M ▲ $238.02M ▼
Q4-2024 $14.467M ▲ $549.991M ▼ $308.697M ▼ $239.291M ▼
Q3-2024 $11.445M $612.75M $327.14M $283.06M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.116M ▼ $-5.985M ▼ $-3.27M ▼ $5.933M ▲ $-3.322M ▼ $-9.268M ▼
Q2-2025 $510K ▲ $3.52M ▼ $-3.028M ▲ $-941K ▲ $-449K ▼ $363K ▼
Q1-2025 $-1.53M ▲ $6.948M ▼ $-3.564M ▼ $-1.752M ▲ $1.632M ▼ $3.374M ▼
Q4-2024 $-43.941M ▼ $25.935M ▲ $-3.125M ▼ $-19.788M ▼ $3.022M ▲ $22.823M ▲
Q3-2024 $-3.837M $-5.24M $-3.092M $5.809M $-2.523M $-8.344M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fresh Produce
Fresh Produce
 $70.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Product
Product
 $0 ▲$0 ▲$310.00M ▲$310.00M ▲
Seafood
Seafood
 $200.00M ▲$110.00M ▼$110.00M ▲$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement HF Foods has grown its sales steadily over the past few years, roughly doubling compared with the period just after the pandemic. However, profits have been thin and inconsistent: the company moved from a large loss to small profits and break-even results, then slipped back into a loss most recently. Gross margins have stayed fairly stable, suggesting the core distribution business is intact, but operating costs and investments are high enough to swing the company between profit and loss. Overall, the income statement shows a company with solid demand but still working to turn that revenue into reliable, durable earnings.

Balance Sheet

Balance Sheet The balance sheet looks reasonably stable but not especially cushioned. Total assets have grown from earlier years but have flattened out more recently, and debt has risen from pandemic levels and then held fairly steady. Equity has built up over time but dipped with the recent loss, while the cash balance is small, meaning the company does not have a large cash safety net. In plain terms, HF Foods appears adequately funded for normal operations, but it does not have a lot of balance sheet slack if conditions worsen or if it wants to pursue very aggressive expansion without new financing.

Cash Flow

Cash Flow Despite uneven accounting profits, the business has generated positive cash from operations every year in the period shown. Free cash flow has also stayed positive, helped by relatively modest spending on new facilities and equipment. This indicates that the underlying distribution model converts sales into cash reasonably well, even when reported earnings are near break-even. The flip side is that the cash surpluses are not huge, so funding for growth, technology upgrades, or acquisitions likely depends on a careful balance between internal cash generation and outside capital.

Competitive Edge

Competitive Edge HF Foods holds a strong niche position as a specialized distributor serving mainly Asian restaurants, with deep cultural and language ties to its customers. Its tailored product range, national distribution footprint, and long-standing supplier relationships create a meaningful barrier for generalist food distributors that may not match its specialization or service style. This focus gives HF Foods customer loyalty and pricing power in certain categories, but it also concentrates its exposure in one main restaurant segment. The company remains vulnerable to broad pressures on independent restaurants, to competition from larger distributors trying to move into ethnic niches, and to disruptions in imported food supply chains.

Innovation and R&D

Innovation and R&D In this industry, “R&D” is really about process, technology, and network improvements, and HF Foods is leaning into that. The rollout of a unified ERP system, centralized purchasing, and route optimization aims to squeeze more efficiency and margin from each delivery. The new e-commerce platform, which targets both restaurant customers and their employees, could deepen relationships and open new revenue streams if adoption is strong. Plans to expand into other international cuisines and ongoing acquisition activity offer growth potential but also carry execution risk, especially given the company’s already thin margins.

Summary

HF Foods shows a clear growth story in sales, backed by a distinctive niche and culturally anchored relationships with its core customers. At the same time, profitability has been fragile, swinging between small profits and losses, and the balance sheet, while stable, is not especially cash-rich. Consistent positive cash flow is a strength, but the scale of those cash flows leaves limited room for prolonged setbacks or very aggressive expansion without external support. The company’s future performance will likely hinge on whether its technology investments, purchasing scale, and e-commerce initiatives can translate its strong market position into more dependable and higher-quality earnings.

NEWS

October 27, 2025 · 4:30 PM UTC

HF Foods to Report Third Quarter 2025 Results on November 10, 2025

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October 16, 2025 · 4:05 PM UTC

HF Foods Group Announces Leadership Changes

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September 29, 2025 · 8:00 AM UTC

HF Foods Group Announces Agreement to Acquire Chicago Distribution Facility

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September 25, 2025 · 4:45 PM UTC

HF Foods Group Inc. Announces $100 Million At-The-Market (ATM) Equity Offering Program

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