Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 1

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
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; 55,012,128 and  54,735,073 shares issued and 53,014,705 and 52,737,650 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 5 5 Treasury stock, at cost; 1,997,423 shares as of June 30, 2025 and December 31, 2024(7,750)(7,750)Additional paid-in capital605,078 604,235 Accumulated deficit(357,628)(357,199)TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC.239,705 239,291 Noncontrolling interests1,412 2,003 TOTAL SHAREHOLDERS’ EQUITY241,117 241,294 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$593,537 $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 Income (Loss)

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net revenue - third parties$313,550 $301,331 $611,023 $596,167 Net revenue - related parties1,303 1,011 2,258 1,829 TOTAL NET REVENUE314,853 302,342 613,281 597,996 Cost of revenue - third parties258,552 248,957 505,143 493,441 Cost of revenue - related parties1,169 920 2,047 1,679 TOTAL COST OF REVENUE259,721 249,877 507,190 495,120 GROSS PROFIT55,132 52,465 106,091 102,876 Distribution, selling and administrative expenses51,013 49,840 100,818 100,336 INCOME  FROM