HF Foods Group (HFFG) Q3 FY2026 earnings: revenue $320 million, up 4.1% on the year

HF Foods Group Inc. (HFFG) reported revenue of $320 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.1% on the same quarter a year earlier. Net income was -$4 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.

Revenue

$320 million

+4.1% on the year · -1.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-0.6%

0.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$4 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.08

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue rose 4.1% in quarter: Net revenue was $319.6 million, up 4.1% from $307.0 million. Management described this as the seventh consecutive quarter of year-over-year net revenue growth.
Net loss widened to $4.2 million: Net loss was $4.2 million against $0.9 million a year earlier. The company attributed the change mainly to a $2.9 million fall in operating income, which reflects $3.0 million of margin growth offset by a $5.9 million rise in selling and administrative expenses.
Adjusted EBITDA fell 6.3%: Adjusted EBITDA was $11.0 million, down 6.3% from $11.7 million. The company attributed the decline to the higher net loss and to items listed in its Adjusted EBITDA table.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	320	324	307	-1.3%	+4.1%
Cost of revenue	266	269	257	-0.9%	+3.7%
Gross profit	53.4	55.0	50.4	-3.0%	+5.9%
Gross margin	16.7%	17.0%	16.4%
Selling, general and administrative	55.2	52.2	49.3	+5.6%	+11.9%
Operating income	-1.8	2.8	1.1
Operating margin	-0.6%	0.9%	0.4%
Interest expense	3.4	2.9	2.9	+17.6%	+16.6%
Pre-tax income	-4.1	2.8	-1.6
Income tax	0.2	0.2	-0.8	-20.2%
Effective tax rate	n/a	7.7%	n/a
Net income	-4.2	2.6	-1.1
Net margin	-1.3%	0.8%	-0.4%
Diluted EPS	-$0.08	$0.05	-$0.02

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	10.1	-1.3	-6.0
Capital expenditure	2.0	5.0	3.3	-59.7%	-38.7%
Free cash flow	8.1	-6.2	-9.3
Free cash flow margin	2.5%	-1.9%	-3.0%
Cash from investing	-43.5	-5.0	-3.3
Cash from financing	31.8	13.3	5.9	+140.3%	+436.8%
Depreciation and amortisation	7.5	7.4	7.2	+1.4%	+4.2%
Share-based compensation	0.9	0.6	0.6	+50.0%	+50.0%
Diluted shares, weighted	54m	54m	53m	+0.0%	+1.6%
Shares outstanding at period end	54m	54m	53m	0.0%	+1.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	202	207	239	-2.3%	-15.5%
Non-controlling interest	1.0	1.0	1.7	-2.4%	-38.2%
Debt	212	178	174	+19.1%	+21.3%
Operating lease liabilities	26.7	23.1	23.8	+16.0%	+12.5%
Finance lease liabilities	22.1	23.5	26.9	-6.1%	-17.7%
Other liabilities	154	125	129	+23.7%	+19.2%
Total liabilities and equity	617	557	595	+10.9%	+3.8%
Goodwill	13.2	n/a	38.8		-65.9%
Intangible assets	162	144	155	+12.9%	+4.3%
Cash and equivalents	16.4	18.1	12.3	-9.2%	+33.4%
Inventory	135	115	135	+17.4%	-0.5%
Other assets	291	280	253	+3.8%	+14.9%
Total assets	617	557	595	+10.9%	+3.8%

Questions

What was HF Foods Group's revenue in Q3 FY2026?

HF Foods Group (HFFG) reported revenue of $320 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.1% on the same quarter a year earlier.

How much did HF Foods Group earn in Q3 FY2026?

Net loss for Q3 FY2026 was $4 million, and the diluted loss per share $0.08.

When did HF Foods Group report Q3 FY2026 results?

HF Foods Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 9 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	228	278	300	301	292	294	292	281	281	296	302	298	305	298	315	307	308	312	324	320
Cost of revenue	183	227	247	249	241	244	242	231	229	245	250	248	253	247	260	257	257	261	269	266
Gross profit	45.0	50.7	52.6	51.5	50.7	50.2	50.7	50.9	52.3	50.4	52.5	50.2	52.2	51.0	55.1	50.4	51.1	50.5	55.0	53.4
Gross margin	20%	18%	18%	17%	17%	17%	17%	18%	19%	17%	17%	17%	17%	17%	18%	16%	17%	16%	17%	17%
SG&A	33.0	40.4	45.8	54.6	54.1	52.9	52.2	48.8	41.0	50.5	49.8	49.7	48.0	49.8	51.0	49.3	51.7	49.5	52.2	55.2
Operating income	12.0	10.3	6.7	-3.1	-3.4	-2.8	-1.6	2.1	11.2	-0.1	2.6	0.5	-42.2	1.2	4.1	1.1	-39.4	1.0	2.8	-1.8
Operating margin	5%	4%	2%	-1%	-1%	-1%	-1%	1%	4%	-0%	1%	0%	-14%	0%	1%	0%	-13%	0%	1%	-1%
Interest expense	1.4	1.3	1.5	2.3	2.4	2.9	2.8	2.7	3.0	2.8	3.1	2.6	2.8	2.6	2.8	2.9	3.1	2.8	2.9	3.4
Pre-tax income	9.2	4.2	5.6	-4.6	-5.3	-8.0	-1.4	1.9	4.8	-0.7	1.8	-5.1	-42.1	-2.5	1.0	-1.6	-42.2	1.0	2.8	-4.1
Tax rate	-1%	26%	20%	n/a	n/a	n/a	n/a	-2%	43%	n/a	87%	n/a	n/a	n/a	51%	n/a	n/a	-41%	8%	n/a
Net income	9.2	3.1	4.6	-3.9	-3.4	-5.9	-0.8	1.9	2.7	-0.7	0.0	-3.9	-43.9	-1.6	1.2	-1.1	-37.3	1.2	2.6	-4.2
Net margin	4%	1%	2%	-1%	-1%	-2%	-0%	1%	1%	-0%	0%	-1%	-14%	-1%	0%	-0%	-12%	0%	1%	-1%
Diluted EPS	$0.18	$0.06	$0.08	-$0.07	-$0.06	-$0.11	-$0.02	$0.03	$0.05	-$0.01	$0.00	-$0.07	-$0.83	-$0.03	$0.02	-$0.02	-$0.70	$0.02	$0.05	-$0.08
Operating cash flow	7.4	10.1	3.5	-6.7	24.4	12.6	-3.8	11.9	-4.8	11.2	-7.1	-3.3	n/a	6.9	3.5	-6.0	21.0	15.3	-1.3	10.1
Capital expenditure	0.7	2.7	1.4	1.7	0.5	0.6	0.9	2.0	0.0	2.6	3.7	3.1	3.1	3.6	3.2	3.3	8.9	15.3	5.0	2.0
Free cash flow	6.7	7.4	2.2	-8.4	23.8	11.9	-4.7	9.9	-4.8	8.6	-10.8	-6.4	n/a	3.4	0.4	-9.3	12.1	-0.0	-6.2	8.1
Shares outstanding	54m	54m	54m	54m	54m	54m	54m	54m	52m	52m	53m	53m	53m	53m	53m	53m	53m	53m	54m	54m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.