A multi-stage drywall hydraulic lift system for efficiently lifting a drywall panel while providing increased precision in positioning of the drywall panel. The multi-stage drywall hydraulic lift system generally includes a telescoping drywall lifter, a hydraulic actuator connected to the telescoping drywall lifter to extend and retract the telescoping drywall lifter. A hydraulic pump is fluidly connected to the hydraulic actuator. A valve unit is fluidly positioned between the hydraulic pump and the hydraulic actuator to control the flow of fluid to the hydraulic actuator based upon a desired vertical lift velocity.