v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash $ 18,104 $ 8,641
Inventories 114,922 106,629
Prepaid expenses and other current assets 7,224 9,725
Assets held for sale 0 2,768
TOTAL CURRENT ASSETS 205,208 194,000
Property and equipment, net 178,889 163,397
Operating lease right-of-use assets 22,509 26,049
Long-term investments 2,048 2,144
Customer relationships, net 120,765 126,048
Trademarks, trade names and other intangibles, net 22,832 25,440
Other long-term assets 4,345 4,451
TOTAL ASSETS 556,596 541,529
CURRENT LIABILITIES:    
Checks issued not presented for payment 5,585 1,674
Line of credit 77,128 55,799
Current portion of long-term debt, net 5,211 6,683
Current portion of obligations under finance leases 6,733 6,425
Current portion of obligations under operating leases 2,957 4,334
Accrued expenses and other liabilities 15,790 14,994
TOTAL CURRENT LIABILITIES 184,478 164,768
Long-term debt, net of current portion 95,344 99,436
Obligations under finance leases, non-current 23,534 25,279
Obligations under operating leases, non-current 23,058 22,990
Deferred tax liabilities 22,118 23,808
Other long-term liabilities 246 1,662
TOTAL LIABILITIES 348,778 337,943
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; 55,472,840 and 55,041,255 shares issued and 53,900,945 and 53,043,832 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 5 5
Treasury stock (included in common stock issued above), at cost; 1,571,895 shares as of June 30, 2026 and 1,997,423 as of December 31, 2025 (6,099) (7,750)
Additional paid-in capital 605,102 605,838
Accumulated deficit (392,237) (396,042)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. 206,771 202,051
Noncontrolling interests 1,047 1,535
TOTAL SHAREHOLDERS’ EQUITY 207,818 203,586
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 556,596 541,529
Series A Preferred Stock    
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Series AA 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 $1,087 and $1,199 63,963 65,691
CURRENT LIABILITIES:    
Accounts payable 70,776 74,475
Related parties    
CURRENT ASSETS:    
Accounts receivable, net of allowances of $1,087 and $1,199 995 546
CURRENT LIABILITIES:    
Accounts payable $ 298 $ 384