GrowGeneration (GRWG) Financial Statements & Analysis

GrowGeneration (GRWG) Income Statement

GrowGeneration reported revenue of $161.74M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 14.4% from $188.87M a year earlier. GrowGeneration posted a net loss of $24.05M, compared with a net loss of $49.51M a year earlier. Gross margin was 19.8% and operating margin -15.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $43.22M, up 5.5% from the same quarter a year earlier.

GrowGeneration Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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GrowGeneration Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	161.74	188.87	225.88	278.17	422.49	193.37	79.73	29.00	14.36
Cost of Revenue	129.76	144.10	164.62	207.90	304.25	142.32	57.73	22.56	11.09
Gross Profit	31.98	43.72	61.26	70.26	118.24	51.05	22.01	6.44	3.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	56.29	68.39	29.80	36.76	40.90	20.87	9.28	5.15	3.01
Operating Expenses	56.29	95.69	95.44	238.14	103.24	42.61	20.42	10.70	6.12
Operating Income	-24.31	-51.97	-34.19	-167.88	15.00	8.44	1.58	-4.26	-2.85
Other Income/Expense
Interest Income	0.93	2.70	2.70	0.58	0.49	0.04	0.14	0.08	0.00
Interest Expense	0.00	-0.07	0.10	0.02	0.04	0.01	0.40	1.01	0.02
Other Income/Expense	0.46	2.62	-14.88	1.24	0.23	0.14	-0.26	-0.82	0.31
Income
Income Before Tax	-23.86	-49.35	-46.46	-166.63	15.23	8.58	1.32	-5.07	-2.54
Income Tax Expense	0.19	0.16	0.03	-2.89	2.44	3.25	0.00	0.00	0.02
Net Income	-24.05	-49.51	-46.50	-163.75	12.79	5.33	1.32	-5.07	-2.54
Net Income - Continuous Operations	-24.05	-49.51	-46.50	-163.75	12.79	5.33	1.32	-5.07	-2.54
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-12.56	-23.57	-29.76	-149.48	27.87	11.03	2.77	-3.71	-2.38
EBIT	-24.31	-37.70	-46.37	-166.61	15.27	8.64	-	-	-
Depreciation & Amortization	11.30	14.14	16.61	17.13	12.60	2.44	1.05	0.35	0.15
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-3.00	-	-	-	-	-
Diluted EPS	-	-1.00	-1.00	-3.00	-	-	-	-	-
Basic Shares Outstanding	59.67	60.18	61.18	60.81	59.22	43.94	32.83	23.06	14.13
Diluted Shares Outstanding	59.67	60.18	61.18	60.81	60.46	46.46	33.91	23.49	14.51

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About GrowGeneration Financial Statements

What was GrowGeneration's revenue in fiscal 2025?

GrowGeneration reported revenue of $161.74M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 14.4% from $188.87M a year earlier.

Is GrowGeneration profitable?

No. GrowGeneration reported a net loss of $24.05M in fiscal 2025. In fiscal 2024 it lost $49.51M.

What is GrowGeneration's operating margin?

GrowGeneration's operating income was −$24.31M on revenue of $161.74M in fiscal 2025, an operating margin of -15.0%, compared with -27.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition