GlobeNewswire·Nov 9, 2026, 4:05 PM ET

HF Foods Reports Third Quarter 2026 Financial Results

HFFG

HF Foods Group Inc. reported third quarter 2026 net revenue of $319.6 million, a 4.1% increase year-over-year.
GAAP net loss widened to $4.2 million in the third quarter, an increase of 385.9% compared to the prior year.
Adjusted net income decreased 52.1% to $2.1 million for the quarter, while adjusted EBITDA fell 6.3% to $11.0 million.
The company completed its first international acquisition of Searay Foods on August 31, 2026, contributing $4.2 million to third quarter revenue.
Gross profit margin expanded to 16.7% in the third quarter, driven by seafood volume growth, Searay integration, and IEEPA tariff refunds.
Distribution, selling, & administrative expenses rose 11.9% to $55.2 million, primarily due to higher fuel costs & non-recurring professional services.
Nine-month net revenue reached $955.4 million, up 3.8% year-over-year, including $4.2 million from Searay Foods.
For the nine months ended September 30, 2026, the company reported a GAAP net loss of $0.3 million, a significant improvement from the $1.9 million loss in the prior year.
Nine-month adjusted EBITDA decreased 1.8% to $34.7 million, with Searay contributing approximately $0.6 million during its one month of inclusion.
Cash provided by operating activities for the nine months totaled $24.1 million, an increase of $19.6 million driven by improved inventory management.
As of September 30, 2026, the company held $16.4 million in cash with access to approximately $49.1 million in additional funds via its line of credit.
The company announced a live conference call for September 11, 2026, at 1:30 p.m. PT to discuss these financial results.

Company: HF Foods Group Inc.
Keywords: Nasdaq:HFFG, HF Foods Group Inc.