Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 1

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 1
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 no shares issued and outstanding— — Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding— — Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,041,255 and  54,735,073 shares issued and 53,043,832 and 52,737,650 shares outstanding as of September 30, 2025 and December 31, 2024, respectively 5 5 Treasury stock, at cost; 1,997,423 shares as of September 30, 2025 and December 31, 2024(7,750)(7,750)Additional paid-in capital605,697 604,235 Accumulated deficit(358,744)(357,199)TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC.239,208 239,291 Noncontrolling interests1,654 2,003 TOTAL SHAREHOLDERS’ EQUITY240,862 241,294 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$595,083 $549,991 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.1

HF Foods Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net revenue - third parties$305,758 $297,619 $916,781 $893,786 Net revenue - related parties1,220 770 3,478 2,599 TOTAL NET REVENUE306,978 298,389 920,259 896,385 Cost of revenue - third parties255,520 247,528 760,663 740,969 Cost of revenue - related parties1,049 698 3,096 2,377 TOTAL COST OF REVENUE256,569 248,226 763,759 743,346 GROSS PROFIT50,409 50,163 156,500 153,039 Distribution, selling and administrative expenses49,289 49,652 150,107 149,988 INCOME FROM OPERATIONS1,120