HF Foods Group Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 9, 2026, reporting a net loss attributable to the company of $4,222 thousand for the third quarter.

Key Highlights

  • Q3 2026 Total Net Revenue: $319,575 thousand, up from $306,978 thousand in Q3 2025, according to the filing.
  • Q3 2026 Net Loss: Net loss attributable to HF Foods Group Inc. was $4,222 thousand, or $0.08 per basic and diluted share, compared to a net loss of $1,116 thousand in Q3 2025.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, the company reported a net loss attributable to HF Foods Group Inc. of $417 thousand, versus $1,545 thousand for the same period in 2025.
  • Total Assets: Total assets were $617,402 thousand as of September 30, 2026, compared to $541,529 thousand as of December 31, 2025.
  • Goodwill Added: Goodwill of $13,219 thousand appeared on the September 30, 2026 balance sheet, compared to zero as of December 31, 2025, reflecting a business acquisition in the period.
  • Line of Credit: The outstanding line of credit balance rose to $80,021 thousand from $55,799 thousand at December 31, 2025.
  • Shares Outstanding: As of November 4, 2026, the registrant had 55,602,816 shares of common stock outstanding.

HF Foods Group's Third Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, HF Foods Group Inc. (NASDAQ:HFFG) reported total net revenue of $319,575 thousand for the three months ended September 30, 2026, an increase from $306,978 thousand in the comparable prior-year quarter. Gross profit for Q3 2026 was $53,391 thousand, up from $50,409 thousand in Q3 2025. However, distribution, selling and administrative expenses rose to $55,174 thousand in Q3 2026 from $49,289 thousand in Q3 2025, resulting in a loss from operations of $1,783 thousand for the quarter, compared to income from operations of $1,120 thousand a year earlier.

The company reported interest expense of $3,430 thousand in Q3 2026 versus $2,941 thousand in Q3 2025. A change in fair value of interest rate swap contracts contributed a gain of $897 thousand in Q3 2026, compared to a loss of $47 thousand in Q3 2025. After an income tax expense of $174 thousand, net loss for Q3 2026 was $4,247 thousand in total, with $4,222 thousand attributable to HF Foods Group Inc. The filing also recorded a foreign currency translation adjustment loss of $1,376 thousand in Q3 2026, producing comprehensive loss attributable to HF Foods Group Inc. of $5,598 thousand for the quarter.

On the balance sheet, total assets grew to $617,402 thousand at September 30, 2026 from $541,529 thousand at December 31, 2025. The increase reflected higher inventories of $134,864 thousand versus $106,629 thousand, higher property and equipment net of $177,949 thousand versus $163,397 thousand, and the addition of $13,219 thousand in goodwill. Total liabilities expanded to $414,352 thousand from $337,943 thousand, driven in part by the increased line of credit balance and growth in long-term debt net of current portion to $118,130 thousand from $99,436 thousand. The accumulated deficit stood at $396,459 thousand as of September 30, 2026, compared to $396,042 thousand at December 31, 2025.

What Was Disclosed

HF Foods Group Inc. disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, covering revenue, operating losses, balance sheet changes including a new goodwill balance from an acquisition, and a foreign currency translation adjustment.