Golden Growers Financials

GGROU

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

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).

Rhea AI GGROU FY2025 2026-05-08

Reported earnings are detached from gross margin, while cash circulates through investing and financing more than operations.

From FY2023 to FY2025, total assets fell from $26.8M to $20.3M while cash also moved lower. That shrinkage happened even though operating margin reached 9.3% and operating cash flow remained -$396K, which implies reported profitability is not the business's main source of liquidity.

Across FY2021-FY2025, gross profit stayed around break-even or slightly negative, yet operating income still ran between $5.2M and $7.9M. Because reported sales fell from $88.0M in FY2023 to $62.3M in FY2025 while operating income rose, revenue is a weak guide to earning power here; the engine is not a normal product markup but some other operating income source sitting below gross profit.

Cash is being recycled through investing and financing channels rather than retained: investing cash inflows were $7.0M in FY2023 and $11.0M in FY2025, while financing outflows were of similar size. In the latest year with full balance-sheet detail, liabilities were only $421K against $26.8M of assets, so the smaller asset base looks more like cash being passed through or redeployed than a balance sheet strained by borrowing.

Financial Health Signals

Financial Profile 51/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Golden Growers's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Golden Growers has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is up from 9.0% the prior year.

Growth

Golden Growers's revenue grew a modest 0.5% year-over-year to $62.3M. This slow but positive growth earns a score of 7/100.

Liquidity

100

With a current ratio of 29.96, Golden Growers holds $29.96 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

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

N/A

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	$0	$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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$17.9M+31.2%	$13.6M+10.8%	$12.3M-24.0%	$16.2M-19.2%	$20.1M+37.5%	$14.6M+8.6%	$13.4M-14.9%	$15.8M
Cost of Revenue	$17.9M+31.6%	$13.6M+10.3%	$12.3M-24.0%	$16.2M-19.2%	$20.1M+37.7%	$14.6M+8.4%	$13.5M-14.9%	$15.8M
Gross Profit	-$16K-143.2%	$37K+317.6%	-$17K0.0%	-$17K0.0%	-$17K-342.9%	$7K+138.9%	-$18K-38.5%	-$13K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$232K+71.9%	$135K-2.9%	$139K+0.7%	$138K-46.5%	$258K+106.4%	$125K+1.6%	$123K-15.2%	$145K
Operating Income	$1.4M-9.0%	$1.5M+13.4%	$1.3M-4.8%	$1.4M-7.0%	$1.5M+7.5%	$1.4M-2.0%	$1.4M+3.4%	$1.4M
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	N/A	$1.4M-5.7%	$1.5M-6.5%	$1.6M	N/A	$1.6M+4.3%	$1.5M
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	$204K0.0%	$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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$18.1M-10.9%	$20.3M-8.2%	$22.1M+6.8%	$20.7M-9.1%	$22.8M-8.6%	$24.9M-3.1%	$25.7M+6.4%	$24.1M
Current Assets	$4.2M-30.6%	$6.1M-21.6%	$7.8M+35.7%	$5.7M-16.3%	$6.9M-23.2%	$8.9M-1.1%	$9.0M+48.2%	$6.1M
Cash & Equivalents	$640K-46.5%	$1.2M-41.4%	$2.0M+1060.8%	$176K-78.4%	$813K-37.8%	$1.3M-39.4%	$2.2M+628.7%	$296K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$231K	N/A	N/A	N/A	$224K	N/A	N/A
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	N/A	N/A
Current Liabilities	$6K-97.1%	$204K-94.3%	$3.6M+35620.0%	$10K+66.7%	$6K-97.1%	$204K-91.8%	$2.5M+9118.5%	$27K
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	N/A	N/A
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$42K+50.0%	-$84K-9.1%	-$77K+9.4%	-$85K+43.3%	-$150K+64.3%	-$420K-210.8%	$379K+961.4%	-$44K
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	$3.0M+8.9%	$2.8M+44.0%	$1.9M-35.4%	$3.0M-6.5%	$3.2M+96.0%	$1.6M-13.0%	$1.9M-1.4%	$1.9M
Financing Cash Flow	-$3.6M0.0%	-$3.6M	$0+100.0%	-$3.6M0.0%	-$3.6M-72.0%	-$2.1M-410.3%	-$406K+83.6%	-$2.5M
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	29.96-13.8	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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	-0.1%-0.4pp	0.3%+0.4pp	-0.1%-0.0pp	-0.1%-0.0pp	-0.1%-0.1pp	0.1%+0.2pp	-0.1%-0.0pp	-0.1%
Operating Margin	7.7%-3.4pp	11.1%+0.2pp	10.9%+2.2pp	8.7%+1.1pp	7.5%-2.1pp	9.6%-1.0pp	10.7%+1.9pp	8.8%
Net Margin	7.9%	N/A	11.4%+2.2pp	9.2%+1.2pp	7.9%	N/A	11.6%+2.1pp	9.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	7.9%	N/A	6.4%-0.8pp	7.2%+0.2pp	7.0%	N/A	6.1%-0.1pp	6.2%
Current Ratio	707.17+677.2	29.96+27.8	2.18-572.3	574.50-569.0	1143.50+1099.7	43.79+40.2	3.63-222.1	225.74
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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.

What is Golden Growers's current ratio?

Golden Growers (GGROU) had a current ratio of 29.96 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is Golden Growers?

Golden Growers (GGROU) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.