Golden Growers Financials

GGROU

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Golden Growers (GGROU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Golden Growers passes 2 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$62.3M

YoY+0.5%

5Y CAGR+4.3%

10Y CAGR+1.0%

Golden Growers generated $62.3M in revenue in fiscal year 2025. This represents an increase of 0.5% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.2M

YoY-8.4%

5Y CAGR-19.5%

10Y CAGR-6.2%

Golden Growers held $1.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

10Y CAGR+0.0%

Golden Growers had 15M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

-0.0%

YoY+0.0pp

5Y CAGR+0.1pp

10Y CAGR+0.2pp

Golden Growers's gross margin was -0.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.

Operating Margin

9.3%

YoY+0.2pp

5Y CAGR-1.4pp

10Y CAGR+1.2pp

Golden Growers's operating margin was 9.3% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GGROU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$62.3M+0.5%	$62.0M-29.6%	$88.0M-18.1%	$107.4M+19.9%	$89.6M+77.1%	$50.6M
Cost of Revenue	$62.3M+0.4%	$62.0M-29.7%	$88.3M-17.8%	$107.5M+19.9%	$89.6M+77.1%	$50.6M
Gross Profit	-$14K+60.0%	-$35K+86.5%	-$259K-516.7%	-$42K-5.0%	-$40K+7.0%	-$43K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$670K+10.2%	$608K-1.1%	$615K+14.5%	$537K+10.7%	$485K-3.0%	$500K
Operating Income	$5.8M+3.2%	$5.6M+7.4%	$5.2M-15.6%	$6.2M-21.8%	$7.9M+46.4%	$5.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	N/A	N/A	$5.3M-20.2%	$6.7M-16.8%	$8.0M+44.0%	$5.6M
EPS (Diluted)	N/A	N/A	N/A	$0.43-17.3%	$0.52+44.4%	$0.36

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$12.3M-24.0%	$16.2M-19.2%	$20.1M+37.5%	$14.6M+8.6%	$13.4M-14.9%	$15.8M-12.9%	$18.1M+11.7%	$16.2M
Cost of Revenue	$12.3M-24.0%	$16.2M-19.2%	$20.1M+37.7%	$14.6M+8.4%	$13.5M-14.9%	$15.8M-12.9%	$18.2M-26.5%	$24.7M
Gross Profit	-$17K0.0%	-$17K0.0%	-$17K-342.9%	$7K+138.9%	-$18K-38.5%	-$13K-18.2%	-$11K+99.9%	-$8.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$139K+0.7%	$138K-46.5%	$258K+106.4%	$125K+1.6%	$123K-15.2%	$145K-32.6%	$215K0.0%	$215K
Operating Income	$1.3M-4.8%	$1.4M-7.0%	$1.5M+7.5%	$1.4M-2.0%	$1.4M+3.4%	$1.4M+1.5%	$1.4M+12.4%	$1.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$1.4M-5.7%	$1.5M-6.5%	$1.6M	N/A	$1.6M+4.3%	$1.5M+1.4%	$1.5M	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GGROU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$20.3M-18.5%	$24.9M-7.2%	$26.8M-3.7%	$27.9M-0.3%	$28.0M+7.7%	$26.0M
Current Assets	$6.1M-31.6%	$8.9M+28.3%	$7.0M-2.9%	$7.2M+16.8%	$6.1M-15.2%	$7.2M
Cash & Equivalents	$1.2M-8.4%	$1.3M-37.7%	$2.1M-2.3%	$2.1M+34.5%	$1.6M-55.0%	$3.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$231K+3.1%	$224K+1.8%	$220K-1.8%	$224K0.0%	$224K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	N/A	$421K	N/A	N/A	N/A
Current Liabilities	$188K-7.8%	$204K-51.5%	$421K+105.4%	$205K0.0%	$205K+0.5%	$204K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	N/A	$26.4M	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$22.1M+6.8%	$20.7M-9.1%	$22.8M-8.6%	$24.9M-3.1%	$25.7M+6.4%	$24.1M-3.8%	$25.1M-6.4%	$26.8M
Current Assets	$7.8M+35.7%	$5.7M-16.3%	$6.9M-23.2%	$8.9M-1.1%	$9.0M+48.2%	$6.1M+7.2%	$5.7M-18.3%	$7.0M
Cash & Equivalents	$2.0M+1060.8%	$176K-78.4%	$813K-37.8%	$1.3M-39.4%	$2.2M+628.7%	$296K-67.3%	$904K-56.9%	$2.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$224K	N/A	N/A	N/A	$220K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	$6K-98.6%	$421K
Current Liabilities	$3.6M+35620.0%	$10K+66.7%	$6K-97.1%	$204K-91.8%	$2.5M+9118.5%	$27K+350.0%	$6K-98.6%	$421K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	$25.1M-5.0%	$26.4M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GGROU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$396K0.0%	-$396K-40.9%	-$281K+31.5%	-$410K-6.8%	-$384K-9.7%	-$350K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$11.0M+49.3%	$7.4M+4.3%	$7.0M-5.6%	$7.5M+66.9%	$4.5M-34.8%	$6.9M
Financing Cash Flow	-$10.7M-38.0%	-$7.7M-13.6%	-$6.8M-4.8%	-$6.5M-7.7%	-$6.0M+2.5%	-$6.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$77K+9.4%	-$85K+43.3%	-$150K+64.3%	-$420K-210.8%	$379K+961.4%	-$44K+85.9%	-$311K-697.4%	-$39K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$1.9M-35.4%	$3.0M-6.5%	$3.2M+96.0%	$1.6M-13.0%	$1.9M-1.4%	$1.9M+0.5%	$1.9M+29.7%	$1.5M
Financing Cash Flow	$0+100.0%	-$3.6M0.0%	-$3.6M-72.0%	-$2.1M-410.3%	-$406K+83.6%	-$2.5M+11.1%	-$2.8M-28.5%	-$2.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GGROU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-0.0%+0.0pp	-0.1%+0.2pp	-0.3%-0.2pp	-0.0%0.0pp	-0.0%+0.1pp	-0.1%
Operating Margin	9.3%+0.2pp	9.0%+3.1pp	5.9%+0.2pp	5.8%-3.1pp	8.8%-1.9pp	10.7%
Net Margin	N/A	N/A	6.1%-0.2pp	6.2%-2.8pp	9.0%-2.1pp	11.0%
Return on Equity	N/A	N/A	20.2%	N/A	N/A	N/A
Return on Assets	N/A	N/A	19.9%-4.1pp	24.0%-4.7pp	28.7%+7.3pp	21.5%
Current Ratio	32.51-11.3	43.79+27.3	16.54-18.5	35.00+5.0	29.95-5.6	35.50
Debt-to-Equity	N/A	N/A	0.02	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-0.1%-0.0pp	-0.1%-0.0pp	-0.1%-0.1pp	0.1%+0.2pp	-0.1%-0.0pp	-0.1%-0.0pp	-0.1%+52.0pp	-52.1%
Operating Margin	10.9%+2.2pp	8.7%+1.1pp	7.5%-2.1pp	9.6%-1.0pp	10.7%+1.9pp	8.8%+1.2pp	7.5%+0.0pp	7.5%
Net Margin	11.4%+2.2pp	9.2%+1.2pp	7.9%	N/A	11.6%+2.1pp	9.5%+1.3pp	8.1%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	5.9%	N/A
Return on Assets	6.4%-0.8pp	7.2%+0.2pp	7.0%	N/A	6.1%-0.1pp	6.2%+0.3pp	5.9%	N/A
Current Ratio	2.18-572.3	574.50-569.0	1143.50+1099.7	43.79+40.2	3.63-222.1	225.74-722.1	947.83+931.3	16.54
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	0.00-0.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Golden Growers's annual revenue?

Golden Growers (GGROU) reported $62.3M in total revenue for fiscal year 2025. This represents a 0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Golden Growers's revenue growing?

Golden Growers (GGROU) revenue grew by 0.5% year-over-year, from $62.0M to $62.3M in fiscal year 2025.

What is Golden Growers's gross margin?

Golden Growers (GGROU) had a gross margin of -0.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Golden Growers's operating margin?

Golden Growers (GGROU) had an operating margin of 9.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Golden Growers's operating cash flow?

Golden Growers (GGROU) generated -$396K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Golden Growers's total assets?

Golden Growers (GGROU) had $20.3M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Golden Growers have outstanding?

Golden Growers (GGROU) had 15M shares outstanding as of fiscal year 2025.

What is Golden Growers's current ratio?

Golden Growers (GGROU) had a current ratio of 32.51 as of fiscal year 2025, which is generally considered healthy.

What is Golden Growers's cash runway?

Based on fiscal year 2025 data, Golden Growers (GGROU) had $1.2M in cash against an annual operating cash burn of $396K. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Golden Growers's Piotroski F-Score?

Golden Growers (GGROU) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.