HF Foods Group Inc 2026年季度报告

FORM 10-Q(Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________________to_______________________. Commission File Number: 001-38180 HF FOODS GROUP INC.(Exact name of registrant as specified in its charter) 81-2717873(I.R.S. Employer Identification No.) 6325 South Rainbow Boulevard, Suite 420, Las Vegas, NV 89118 (Address of principal executive offices) (Zip Code) (888) 905-0998(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrantwas required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☒Emerging growth company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒As of May8, 2026, the registrant had53,475,417 shares of common stock outstanding. HF Foods Group Inc. and SubsidiariesForm 10-Q for the Quarter Ended March31, 2026 Table of Contents Page HF Foods Group Inc. and SubsidiariesCondensed Consolidated Balance Sheets(In thousands, except share data)(Unaudited) HF Foods Group Inc. and SubsidiariesCondensed Consolidated Statements of Operations and Comprehensive Income (Loss)(In thousands, except share and per share data)(Unaudited) HF Foods Group Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) HF Foods Group Inc. and SubsidiariesConsolidated Statements of Changes in Shareholders' Equity(In thousands, except share data)(Unaudited) HF Foods Group Inc. and SubsidiariesNotes to Unaudited Condensed Consolidated Financial Statements Note 1 - Organization and Description of Business Organization and General HF Foods Group Inc., headquartered in Las Vegas, Nevada, operating through our subsidiaries (collectively “HF Foods” or the“Company”) is a marketer and distributor of fresh produce, frozen and dry food, and non-food products to Asian restaurants, as well asother foodservice customers, throughout the United States. With multiple distribution centers located throughout the nation, HF Foodssupplies Asian cuisine through its relationships with growers and suppliers of food products in North America, South America and Asia.The Company’s business consists of one operating segment, which is also its one reportable segment: HF Foods, which operatessolely in the United States, offers specialty restaurant foods and supplies to its customers. Note 2 - Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally acceptedaccounting principles in the United States of America (“GAAP”) and applicable rules and regulations of the U.S. Securities andExchangeCommission(“SEC”),regarding interim financial reporting. All adjustments(consisting of normal recurring accruals)considered necessary for a fair presentation have been included. The condensed consolidated financial statements and related financial information should be read in conjunction with the auditedconsolidated financial statements and the related notes thereto that are included in our Annual Report on Form 10-K for the year endedDecember 31, 2025 filed with the SEC on March 16, 2026 (our “2025 Annual Report”). There have been no material changes to oursignificant accounting policies as compared to the significant accounting policies described in our 2025 Annual Report. All significant intercompany balances and transactions ha