v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash $ 11,061 $ 8,641
Inventories 107,183 106,629
Prepaid expenses and other current assets 6,096 9,725
Assets held for sale 0 2,768
TOTAL CURRENT ASSETS 191,956 194,000
Property and equipment, net 176,504 163,397
Operating lease right-of-use assets 23,864 26,049
Long-term investments 2,096 2,144
Customer relationships, net 123,407 126,048
Trademarks, trade names and other intangibles, net 24,139 25,440
Other long-term assets 3,916 4,451
TOTAL ASSETS 545,882 541,529
CURRENT LIABILITIES:    
Checks issued not presented for payment 5,035 1,674
Line of credit 61,791 55,799
Current portion of long-term debt, net 5,144 6,683
Current portion of obligations under finance leases 6,572 6,425
Current portion of obligations under operating leases 3,243 4,334
Accrued expenses and other liabilities 13,786 14,994
TOTAL CURRENT LIABILITIES 172,458 164,768
Long-term debt, net of current portion 95,560 99,436
Obligations under finance leases, non-current 24,586 25,279
Obligations under operating leases, non-current 24,053 22,990
Deferred tax liabilities 23,675 23,808
Other long-term liabilities 863 1,662
TOTAL LIABILITIES 341,195 337,943
COMMITMENTS AND CONTINGENCIES (Note 15)
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,196,255 and 55,041,255 shares issued and 53,198,832 and 53,043,832 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 5 5
Treasury stock, at cost; 1,997,423 shares as of March 31, 2026 and December 31, 2025 (7,750) (7,750)
Additional paid-in capital 606,243 605,838
Accumulated deficit (394,817) (396,042)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. 203,681 202,051
Noncontrolling interests 1,006 1,535
TOTAL SHAREHOLDERS’ EQUITY 204,687 203,586
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 545,882 541,529
Series A Preferred Stock    
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Third parties    
CURRENT ASSETS:    
Accounts receivable, net of allowances of $1,093 and $1,199 67,000 65,691
CURRENT LIABILITIES:    
Accounts payable 76,616 74,475
Related parties    
CURRENT ASSETS:    
Accounts receivable, net of allowances of $1,093 and $1,199 616 546
CURRENT LIABILITIES:    
Accounts payable $ 271 $ 384