GRWG · Growgeneration Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.39M | - | $47.25M | $40.96M | $35.70M | - | $50.01M | $53.54M | $47.89M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $9.74M | - | $12.86M | $11.59M | $9.71M | - | $10.81M | $14.42M | $12.36M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.93M | - | $5.71M | $6.15M | $7.11M | - | $7.41M | $7.10M | $7.91M | - |
| Total Operating Expenses | $15.01M | - | $15.70M | $16.87M | $19.58M | - | $22.90M | $20.93M | $21.80M | - |
| D&A | $1.61M | - | $2.65M | $2.69M | $3.58M | - | $4.97M | $3.62M | $3.74M | - |
| Operating Income | ($5.26M) | - | ($2.84M) | ($5.27M) | ($9.87M) | - | ($12.09M) | ($6.51M) | ($9.43M) | - |
| Interest Expense | - | - | $0 | $0 | $56.0K | - | $1.0K | $3.0K | - | - |
| Income Tax | ($19.0K) | - | $2.0K | $0 | $0 | - | ($43.0K) | $95.0K | ($2.0K) | - |
| Net Income | ($4.92M) | - | ($2.44M) | ($4.81M) | ($9.38M) | - | ($11.44M) | ($5.90M) | ($8.84M) | - |
| EPS - Basic | ($0.08) | - | ($0.04) | ($0.08) | ($0.16) | - | ($0.19) | ($0.10) | ($0.14) | - |
| EPS - Diluted | ($0.08) | - | ($0.04) | ($0.08) | ($0.16) | - | ($0.19) | ($0.10) | ($0.14) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.68M | $30.41M | $27.36M | $23.31M | $32.74M | $27.47M | $27.44M | $27.58M | $31.05M | $29.76M |
| Accounts Receivable | $14.00M | $10.67M | $12.98M | $10.43M | $6.94M | $7.36M | $10.32M | $9.66M | $7.83M | $8.89M |
| Inventory | $36.95M | $38.78M | $40.18M | $41.74M | $42.13M | $40.30M | $48.02M | $60.64M | $66.03M | $64.91M |
| Accounts Payable | $9.58M | $8.78M | $11.59M | $11.61M | $9.96M | $8.15M | $8.18M | $12.70M | $12.39M | $11.67M |
| Current Assets | $99.69M | $103.75M | $111.80M | $108.99M | $109.16M | $113.21M | $122.57M | $134.59M | $141.72M | $147.45M |
| Total Assets | $139.58M | $147.04M | $159.60M | $160.61M | $164.23M | $174.35M | $199.64M | $219.18M | $230.39M | $239.09M |
| Current Liabilities | $24.61M | $25.98M | $29.33M | $27.27M | $24.91M | $24.27M | $24.54M | $29.21M | $29.34M | $30.93M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $46.75M | $49.54M | $54.90M | $53.89M | $53.07M | $54.26M | $56.47M | $63.40M | $65.08M | $65.69M |
| Stockholders' Equity | $92.83M | $97.50M | $104.70M | $106.72M | $111.16M | $120.09M | $143.16M | $155.78M | $165.31M | $173.40M |
| Retained Earnings | ($284.61M) | ($279.69M) | ($272.27M) | ($269.83M) | ($265.02M) | ($255.64M) | ($232.30M) | ($216.71M) | ($208.94M) | ($200.10M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.05M) | - | - | - | ($3.83M) | - | - | - | ($3.68M) | - |
| Investing Cash Flow | ($3.68M) | - | - | - | $9.16M | - | - | - | $5.00M | - |
| Financing Cash Flow | $0 | - | - | - | ($60.0K) | - | - | - | ($28.0K) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 25.4% | - | 27.2% | 28.3% | 27.2% | - | 21.6% | 26.9% | 25.8% | - |
| Operating margin | -13.7% | - | -6.0% | -12.9% | -27.7% | - | -24.2% | -12.2% | -19.7% | - |
| EBITDA margin | -9.5% | - | -0.4% | -6.3% | -17.6% | - | -14.2% | -5.4% | -11.9% | - |
| Net margin | -12.8% | - | -5.2% | -11.7% | -26.3% | - | -22.9% | -11.0% | -18.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.0% | - | 12.1% | 15.0% | 19.9% | - | 14.8% | 13.3% | 16.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.5% | - | -1.5% | -3.0% | -5.7% | - | -5.7% | -2.7% | -3.8% | - |
| Return on equity | -5.3% | - | -2.3% | -4.5% | -8.4% | - | -8.0% | -3.8% | -5.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.05 | 3.99 | 3.81 | 4.00 | 4.38 | 4.66 | 5.00 | 4.61 | 4.83 | 4.77 |
| Quick ratio | 2.55 | 2.50 | 2.44 | 2.47 | 2.69 | 3.00 | 3.04 | 2.53 | 2.58 | 2.67 |
| Cash ratio | 0.88 | 1.17 | 0.93 | 0.85 | 1.31 | 1.13 | 1.12 | 0.94 | 1.06 | 0.96 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -176.3x | - | -12091.0x | -2171.3x | - | - |
| Equity multiplier | 1.50 | 1.51 | 1.52 | 1.50 | 1.48 | 1.45 | 1.39 | 1.41 | 1.39 | 1.38 |
| Liabilities / Assets | 0.33 | 0.34 | 0.34 | 0.34 | 0.32 | 0.31 | 0.28 | 0.29 | 0.28 | 0.27 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | - | 0.30 | 0.26 | 0.22 | - | 0.25 | 0.24 | 0.21 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 133d | - | 100d | 93d | 71d | - | 75d | 66d | 60d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.7x | - | 1.1x | 0.5x | 0.6x | - | 0.9x | 0.8x | 1.1x | - |
| P / S | 1.7x | - | 2.4x | 1.4x | 1.8x | - | 2.5x | 2.4x | 3.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.5% | - | -5.5% | -23.5% | -25.4% | - | -10.2% | -16.3% | -15.7% | - |
| Revenue CAGR (3y) | -12.3% | - | -12.6% | -16.8% | -24.1% | - | -24.5% | -24.8% | -19.0% | - |
| Revenue CAGR (5y) | -15.7% | - | -3.0% | -1.2% | 1.6% | - | 18.1% | 22.4% | 29.6% | - |
| Gross profit growth (YoY) | 0.3% | - | 18.9% | -19.6% | -21.5% | - | -33.2% | -15.8% | -24.1% | - |
| Operating income growth (YoY) | 46.7% | - | 76.5% | 19.0% | -4.7% | - | -45.6% | 0.8% | -21.5% | - |
| Net income growth (YoY) | 47.5% | - | 78.7% | 18.4% | -6.1% | - | -55.6% | -3.5% | -44.1% | - |
| EPS growth (YoY) | 50.0% | - | 78.9% | 20.0% | -14.3% | - | -58.3% | -11.1% | -40.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.5% | -18.8% | -26.9% | -31.5% | -32.8% | -30.7% | -28.4% | -24.6% | -21.5% | -19.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$161.74M totalCultivation And Gardening$134.24M · 83.0%
Storage Solutions$27.50M · 17.0%
Product / service
$295.98M totalConsumables$96.47M · 32.6%
Non Proprietary Brand Sales$90.25M · 30.5%
Proprietary Brand Sales$43.99M · 14.9%
Durables$37.77M · 12.8%
Commercial Fixture Sales$27.50M · 9.3%
Peer comparison
Same SIC group: Retail-Building Materials, Hardware, Garden Supply
Comparing GrowGeneration Corp. against the 4 most active filers in the same SIC group.