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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $161.74M | $188.87M | $225.88M | $278.17M | $193.37M | $193.37M |
| Cost of Revenue | - | - | - | - | $304.25M | $142.32M |
| Gross Profit | $43.27M | $43.72M | $61.26M | $70.26M | $118.24M | $51.05M |
| R&D | - | - | - | - | - | - |
| SG&A | $26.27M | $29.24M | $29.80M | $36.76M | $21.45M | $5.01M |
| Total Operating Expenses | $68.86M | $95.69M | $111.10M | $238.14M | $103.24M | $42.61M |
| D&A | $11.29M | $19.44M | $16.61M | $17.13M | $12.60M | $2.44M |
| Operating Income | ($25.59M) | ($51.97M) | ($49.84M) | ($167.88M) | $15.00M | $8.44M |
| Interest Expense | $0 | $70.0K | - | - | - | - |
| Income Tax | $191.0K | $158.0K | $32.0K | ($2.88M) | $2.44M | $3.25M |
| Net Income | ($24.05M) | ($49.51M) | ($46.50M) | ($163.75M) | $12.79M | $5.33M |
| EPS - Basic | ($0.40) | ($0.82) | ($0.76) | ($2.69) | $0.22 | $0.12 |
| EPS - Diluted | ($0.40) | ($0.82) | ($0.76) | ($2.69) | $0.21 | $0.11 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.41M | $27.47M | $29.76M | $40.05M | $41.37M | $177.91M |
| Accounts Receivable | $10.67M | $7.36M | $8.89M | $8.34M | $5.74M | $3.90M |
| Inventory | $38.78M | $40.30M | $64.91M | $77.09M | $105.57M | $54.02M |
| Accounts Payable | $8.78M | $8.15M | $11.67M | $15.73M | $17.03M | $14.62M |
| Current Assets | $103.75M | $113.21M | $147.45M | $170.68M | $216.89M | $250.23M |
| Total Assets | $147.04M | $174.35M | $239.09M | $293.44M | $459.34M | $354.73M |
| Current Liabilities | $25.98M | $24.27M | $30.93M | $35.79M | $47.08M | $27.35M |
| Long-term Debt | - | - | - | $0 | $66.0K | $158.0K |
| Total Liabilities | $49.54M | $54.26M | $65.69M | $77.05M | $88.05M | $37.74M |
| Stockholders' Equity | $97.50M | $120.09M | $173.40M | $216.40M | $371.29M | $317.00M |
| Retained Earnings | ($279.69M) | ($255.64M) | ($200.10M) | ($153.60M) | $10.14M | ($2.64M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($9.45M) | ($1.80M) | $1.42M | $11.95M | $5.16M | ($213.8K) |
| Investing Cash Flow | $12.60M | $5.73M | ($11.40M) | ($11.57M) | ($139.32M) | ($45.83M) |
| Financing Cash Flow | ($220.0K) | ($6.21M) | ($313.0K) | ($1.69M) | ($2.38M) | $210.98M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 26.8% | 23.1% | 27.1% | 25.3% | 61.1% | 26.4% |
| Operating margin | -15.8% | -27.5% | -22.1% | -60.4% | 7.8% | 4.4% |
| EBITDA margin | -8.8% | -17.2% | -14.7% | -54.2% | 14.3% | 5.6% |
| Net margin | -14.9% | -26.2% | -20.6% | -58.9% | 6.6% | 2.8% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 16.2% | 15.5% | 13.2% | 13.2% | 11.1% | 2.6% |
| Effective tax rate | - | - | - | - | 16.0% | 37.9% |
| Return on assets | -16.4% | -28.4% | -19.4% | -55.8% | 2.8% | 1.5% |
| Return on equity | -24.7% | -41.2% | -26.8% | -75.7% | 3.4% | 1.7% |
| Return on invested capital | - | - | - | -61.3% | 3.4% | 1.7% |
| Liquidity | ||||||
| Current ratio | 3.99 | 4.66 | 4.77 | 4.77 | 4.61 | 9.15 |
| Quick ratio | 2.50 | 3.00 | 2.67 | 2.61 | 2.36 | 7.17 |
| Cash ratio | 1.17 | 1.13 | 0.96 | 1.12 | 0.88 | 6.51 |
| Leverage | ||||||
| Debt / Equity | - | - | - | 0.00 | 0.00 | 0.00 |
| Debt / Assets | - | - | - | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | 0.00 | 0.01 |
| Interest coverage | - | -742.5x | - | - | - | - |
| Equity multiplier | 1.51 | 1.45 | 1.38 | 1.36 | 1.24 | 1.12 |
| Liabilities / Assets | 0.34 | 0.31 | 0.27 | 0.26 | 0.19 | 0.11 |
| Efficiency | ||||||
| Asset turnover | 1.10 | 1.08 | 0.94 | 0.95 | 0.42 | 0.55 |
| Inventory turnover | - | - | - | - | 2.88 | 2.63 |
| Days sales outstanding | 24d | 14d | 14d | 11d | 11d | 7d |
| Days inventory outstanding | - | - | - | - | 127d | 139d |
| Days payable outstanding | - | - | - | - | 20d | 38d |
| Cash conversion cycle | - | - | - | - | 117d | 108d |
| Valuation | ||||||
| P / E | - | - | - | - | 62.1x | 365.6x |
| P / B | 0.9x | 0.8x | 0.9x | 1.1x | 2.1x | 5.9x |
| P / S | 0.6x | 0.5x | 0.7x | 0.9x | 4.1x | 9.7x |
| EV / EBITDA | - | - | - | - | 27.1x | 155.5x |
| Growth | ||||||
| Revenue growth (YoY) | -14.4% | -16.4% | -18.8% | 43.9% | -0.0% | 142.5% |
| Revenue CAGR (3y) | -16.5% | -0.8% | 5.3% | 51.7% | 88.2% | 189.4% |
| Revenue CAGR (5y) | -3.5% | 18.8% | 50.8% | 103.4% | - | - |
| Gross profit growth (YoY) | -1.0% | -28.6% | -12.8% | -40.6% | 131.6% | 126.3% |
| Operating income growth (YoY) | 50.8% | -4.3% | 70.3% | - | 77.8% | 294.3% |
| Net income growth (YoY) | 51.4% | -6.5% | 71.6% | - | 140.0% | 183.6% |
| EPS growth (YoY) | 51.2% | -7.9% | 71.7% | - | 90.9% | 120.0% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -18.8% | -30.7% | -19.9% | -41.7% | 17.1% | 488.2% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.15
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
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.