Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 51

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 51
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Net revenue$613,281 $597,996 $15,285 Cost of revenue507,190 495,120 12,070 Gross profit106,091 102,876 3,215 Distribution, selling and administrative expenses100,818 100,336 482 Income from operations5,273 2,540 2,733 Interest expense5,426 5,953 (527)Other expense (income), net(591)3,372 (3,963)Change in fair value of interest rate swap contracts1,869 (2,331)4,200Lease guarantee income— (5,548)5,548 Income (loss) before income taxes(1,431)1,094 (2,525)Income tax expense (benefit)(411)1,418 (1,829)Net loss and comprehensive loss(1,020)(324)(696)Less: net income (loss) attributable to noncontrolling interests(591)353 (944)Net loss and comprehensive loss attributable to HF Foods Group Inc.$(429)$(677)$248 

The following table sets forth the components of our consolidated results of operations expressed as a percentage of net revenue for the periods indicated:

Six Months Ended June 30,20252024Net revenue100.0 %100.0 %Cost of revenue82.7 %82.8 %Gross profit17.3 %17.2 %Distribution, selling and administrative expenses16.4 %16.8 %Income from operations0.9 %0.4 %Interest expense0.9 %1.0 %Other expense (income), net(0.1)%0.6 %Change in fair value of interest rate swap contracts0.3 %(0.4)%Lease guarantee income— %(0.9)%Income (loss) before income taxes(0.2)%0.1 %Income tax expense (benefit)(0.1)%0.2 %Net loss and comprehensive loss(0.1)%(0.1)%Less: net income (loss) attributable to noncontrolling interests(0.1)%0.1 %Net loss and comprehensive loss attributable to HF Foods Group Inc.— %(0.2)%

25

Net Revenue

Net revenue for the six months ended June 30, 2025 increased by $15