HF Foods Group Inc. (NASDAQ: HFFG) announced its financial results for the third quarter ended September 30, 2026, reporting a net revenue increase of 4.1% to $319.6 million. The company stated this marked its seventh consecutive quarter of year-over-year net revenue growth.
Despite the top-line growth, the company reported a GAAP net loss of $4.2 million for the quarter, an increase of 385.9% compared to the prior year period. Adjusted net income decreased by 52.1% to $2.1 million, and Adjusted EBITDA decreased by 6.3% to $11.0 million.
Management attributed the revenue growth primarily to volume increases in Seafood and pricing improvements in Produce and Commodity, partially offset by price decreases in Meat & Poultry. The results also included $4.2 million in revenue from Searay Foods following the acquisition of the company effective August 31, 2026.
Operating expenses increased by $5.9 million, or 11.9%, driven by professional services related to the acquisition and credit facility refinancing, as well as higher auto & truck expenses reflecting elevated fuel costs.
For the nine months ended September 30, 2026, net revenue was $955.4 million, an increase of 3.8% over the prior year. The company reported a net loss of $0.3 million for the nine-month period, compared to a net loss of $1.9 million in the prior year.
As of September 30, 2026, HF Foods held cash of $16.4 million and had access to approximately $49.1 million in additional funds through a $140.0 million line of credit.
