Growgeneration Corp Financials
Growgeneration Corp (GRWG) reported $161.7M in revenue for fiscal year 2025, down 14.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Shrinking revenue is being offset by cost reset and margin repair, while a cash-rich balance sheet buys time for the resize.
From FY2024 to FY2025, revenue fell another14.4% , yet gross profit stayed near$43.3M . With operating loss narrowing to-$25.6M from-$52.0M , the improvement looks like mix and cost reset on a smaller sales base, not a volume rebound.
The balance sheet is still unusually liquid for a money-losing business, with cash of
Cash conversion remains the weaker signal: net loss improved to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Growgeneration Corp'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.
Not available for Growgeneration Corp, and counted as zero in the overall score.
Not available for Growgeneration Corp, and counted as zero in the overall score.
Growgeneration Corp scores -0.27, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($101.9M) relative to total liabilities ($49.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Growgeneration Corp passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Growgeneration Corp reported a net loss of $24.0M while operations used $9.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Growgeneration Corp generated $161.7M in revenue in fiscal year 2025. This represents a decrease of 14.4% from the prior year.
Growgeneration Corp's EBITDA was -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.1% from the prior year.
Growgeneration Corp reported -$24.0M in net income in fiscal year 2025. This represents an increase of 51.4% from the prior year.
Growgeneration Corp earned -$0.40 per diluted share (EPS) in fiscal year 2025. This represents an increase of 51.2% from the prior year.
Cash & Balance Sheet
Growgeneration Corp held $30.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Growgeneration Corp's gross margin was 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.
Growgeneration Corp's operating margin was -15.8% in fiscal year 2025, reflecting core business profitability. This is up 11.7 percentage points from the prior year.
Growgeneration Corp's net profit margin was -14.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.3 percentage points from the prior year.
Growgeneration Corp's ROE was -24.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 16.6 percentage points from the prior year.
Capital Allocation
Growgeneration Corp repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
GRWG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $166.7M | $161.7M-14.4% | $188.9M-16.4% | $225.9M-18.8% | $278.2M-34.2% | $422.5M+118.5% | $193.4M+142.5% | $79.7M+174.9% | $29.0M+101.9% | $14.4M+80.0% | $8.0M+131.0% | $3.5M |
| Cost of Revenue | $122.6M | $118.5M-18.4% | $145.1M-11.8% | $164.6M-20.8% | $207.9M-31.7% | $304.2M+113.8% | $142.3M+146.5% | $57.7M+155.9% | $22.6M+103.3% | $11.1M+92.1% | $5.8M+145.6% | $2.4M |
| Gross Profit | $44.0M | $43.3M-1.0% | $43.7M-28.6% | $61.3M-12.8% | $70.3M-40.6% | $118.2M+131.6% | $51.0M+132.0% | $22.0M+241.5% | $6.4M+97.1% | $3.3M+48.3% | $2.2M+99.8% | $1.1M |
| SG&A Expenses | $26.4M | $26.3M-10.2% | $29.2M-1.9% | $29.8M-18.9% | $36.8M-6.9% | $39.5M+89.1% | $20.9M+124.9% | $9.3M+478.9% | $1.6M+56.8% | $1.0M+164.9% | $386K-21.5% | $491K |
| Operating Income | -$18.0M | -$25.6M+50.8% | -$52.0M-4.3% | -$49.8M+70.3% | -$167.9M-1219.0% | $15.0M+77.8% | $8.4M+433.0% | $1.6M+137.2% | -$4.3M-49.3% | -$2.9M-569.1% | -$426K+17.2% | -$515K |
| Interest Expense | N/A | $0-100.0% | $70K-27.8% | $97K+361.9% | $21K | N/A | N/A | $45K+91.8% | $24K+53.6% | $15K+192.1% | $5K+80.1% | $3K |
| Income Tax | $191K | $191K+20.9% | $158K+393.8% | $32K+101.1% | -$2.9M-218.1% | $2.4M-24.9% | $3.3M | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$16.8M | -$24.0M+51.4% | -$49.5M-6.5% | -$46.5M+71.6% | -$163.7M-1380.7% | $12.8M+140.0% | $5.3M+303.0% | $1.3M+126.1% | -$5.1M-99.6% | -$2.5M-489.6% | -$431K+18.4% | -$529K |
| EPS (Diluted) | — | -$0.40+51.2% | -$0.82-7.9% | -$0.76+71.7% | -$2.69-1381.0% | $0.21+90.9% | $0.11+175.0% | $0.04+118.2% | -$0.22 | -$0.18 | -$0.05+37.5% | -$0.08 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GRWG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $147.0M-15.7% | $174.4M-27.1% | $239.1M-18.5% | $293.4M-36.1% | $459.3M+29.5% | $354.7M+400.1% | $70.9M+97.6% | $35.9M+287.8% | $9.3M+108.3% | $4.4M+70.2% | $2.6M |
| Current Assets | $103.7M-8.4% | $113.2M-23.2% | $147.5M-13.6% | $170.7M-21.3% | $216.9M-13.3% | $250.2M+508.9% | $41.1M+64.5% | $25.0M+248.6% | $7.2M+98.6% | $3.6M+74.4% | $2.1M |
| Cash & Equivalents | $30.4M+10.7% | $27.5M-7.7% | $29.8M-25.7% | $40.1M-3.2% | $41.4M-76.7% | $177.9M+1270.7% | $13.0M-11.3% | $14.6M+1104.7% | $1.2M+100.3% | $607K-13.3% | $699K |
| Inventory | $38.8M-3.8% | $40.3M-37.9% | $64.9M-15.8% | $77.1M-27.0% | $105.6M+95.4% | $54.0M+150.4% | $21.6M+143.3% | $8.9M+93.4% | $4.6M+78.1% | $2.6M+96.3% | $1.3M |
| Accounts Receivable | $10.7M+44.9% | $7.4M-17.2% | $8.9M+6.7% | $8.3M+45.2% | $5.7M+47.2% | $3.9M+32.1% | $3.0M+242.5% | $862K+32.0% | $654K+67.1% | $391K+941.8% | $38K |
| Goodwill | $2.1M+29.6% | $1.6M-78.7% | $7.5M-52.9% | $16.0M-87.3% | $125.4M+99.2% | $63.0M+253.7% | $17.8M+103.3% | $8.8M+1377.3% | $593K+143.8% | $243K0.0% | $243K |
| Total Liabilities | $49.5M-8.7% | $54.3M-17.4% | $65.7M-14.7% | $77.0M-12.5% | $88.0M+133.3% | $37.7M+108.1% | $18.1M+210.8% | $5.8M+248.2% | $1.7M+89.4% | $885K+93.7% | $457K |
| Current Liabilities | $26.0M+7.0% | $24.3M-21.5% | $30.9M-13.6% | $35.8M-24.0% | $47.1M+72.1% | $27.4M+126.4% | $12.1M+253.8% | $3.4M+114.4% | $1.6M+89.0% | $843K+92.2% | $439K |
| Long-Term Debt | N/A | N/A | N/A | $0-100.0% | $66K-58.2% | $158K-34.7% | $242K-35.6% | $376K+355.1% | $83K+97.8% | $42K+130.1% | $18K |
| Total Equity | $97.5M-18.8% | $120.1M-30.7% | $173.4M-19.9% | $216.4M-41.7% | $371.3M+17.1% | $317.0M+500.3% | $52.8M+78.8% | $29.5M+289.7% | $7.6M+113.0% | $3.6M+65.2% | $2.2M |
| Retained Earnings | -$279.7M-9.4% | -$255.6M-27.8% | -$200.1M-30.3% | -$153.6M-1614.2% | $10.1M+484.0% | -$2.6M+66.9% | -$8.0M+9.1% | -$8.8M-137.4% | -$3.7M-221.2% | -$1.1M-60.0% | -$718K |
GRWG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M | -$9.4M-425.1% | -$1.8M-226.6% | $1.4M-88.1% | $11.9M+131.6% | $5.2M+2522.1% | -$213K+93.6% | -$3.3M-116.7% | -$1.5M+54.8% | -$3.4M-140.0% | -$1.4M-25.0% | -$1.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $62K-84.8% | $404K | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.6M+57.9% | -$3.8M | N/A | N/A |
| Investing Cash Flow | $8.1M | $12.6M+120.1% | $5.7M+150.2% | -$11.4M+1.5% | -$11.6M+91.7% | -$139.3M-204.0% | -$45.8M-288.0% | -$11.8M-85.5% | -$6.4M-440.1% | -$1.2M-346.4% | -$264K-4.1% | -$254K |
| Financing Cash Flow | -$1.2M | -$220K+96.5% | -$6.2M-1885.0% | -$313K+81.5% | -$1.7M+28.9% | -$2.4M-101.1% | $211.0M+1463.9% | $13.5M-36.8% | $21.3M+310.7% | $5.2M+226.5% | $1.6M-19.6% | $2.0M |
| Share Buybacks | N/A | $0-100.0% | $6.0M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GRWG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8%+3.6pp | 23.2%-4.0pp | 27.1%+1.9pp | 25.3%-2.7pp | 28.0%+1.6pp | 26.4%-1.2pp | 27.6%+5.4pp | 22.2%-0.5pp | 22.8%-4.9pp | 27.6%-4.3pp | 31.9% |
| Operating Margin | -15.8%+11.7pp | -27.5%-5.4pp | -22.1%+38.3pp | -60.4%-63.9pp | 3.5%-0.8pp | 4.4%+2.4pp | 2.0%+16.7pp | -14.7%+5.2pp | -19.8%-14.5pp | -5.3%+9.6pp | -14.9% |
| Net Margin | -14.9%+11.3pp | -26.2%-5.6pp | -20.6%+38.3pp | -58.9%-61.9pp | 3.0%+0.3pp | 2.8%+1.1pp | 1.7%+19.2pp | -17.5%+0.2pp | -17.7%-12.3pp | -5.4%+9.9pp | -15.3% |
| Return on Equity | -24.7%+16.6pp | -41.2%-14.4pp | -26.8%+48.9pp | -75.7%-79.1pp | 3.4%+1.8pp | 1.7%-0.8pp | 2.5%+19.7pp | -17.2%+16.4pp | -33.6%-21.4pp | -12.1%+12.4pp | -24.6% |
| Return on Assets | -16.4%+12.0pp | -28.4%-8.9pp | -19.4%+36.4pp | -55.8%-58.6pp | 2.8%+1.3pp | 1.5%-0.4pp | 1.9%+16.0pp | -14.1%+13.3pp | -27.5%-17.8pp | -9.7%+10.5pp | -20.3% |
| Current Ratio | 3.99-0.7x | 4.66-0.1x | 4.770.0x | 4.77+0.2x | 4.61-4.5x | 9.15+5.7x | 3.40-3.9x | 7.31+2.8x | 4.50+0.2x | 4.28-0.4x | 4.72 |
| Debt-to-Equity | 0.51+0.1x | 0.45+0.1x | 0.38+0.4x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -5.5%+21.0pp | -26.5% | N/A | N/A |
Similar Companies
Where Growgeneration Corp Ranks
Frequently Asked Questions
What is Growgeneration Corp's annual revenue?
Growgeneration Corp (GRWG) reported $161.7M in total revenue for fiscal year 2025. This represents a -14.4% 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 Growgeneration Corp's revenue growing?
Growgeneration Corp (GRWG) revenue declined by 14.4% year-over-year, from $188.9M to $161.7M in fiscal year 2025.
Is Growgeneration Corp profitable?
No, Growgeneration Corp (GRWG) reported a net income of -$24.0M in fiscal year 2025, with a net profit margin of -14.9%.
What is Growgeneration Corp's EBITDA?
Growgeneration Corp (GRWG) had EBITDA of -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Growgeneration Corp's gross margin?
Growgeneration Corp (GRWG) had a gross margin of 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Growgeneration Corp's operating margin?
Growgeneration Corp (GRWG) had an operating margin of -15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Growgeneration Corp's net profit margin?
Growgeneration Corp (GRWG) had a net profit margin of -14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Growgeneration Corp's return on equity (ROE)?
Growgeneration Corp (GRWG) has a return on equity of -24.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Growgeneration Corp's operating cash flow?
Growgeneration Corp (GRWG) recorded an outflow of $9.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Growgeneration Corp's total assets?
Growgeneration Corp (GRWG) had $147.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Growgeneration Corp's current ratio?
Growgeneration Corp (GRWG) had a current ratio of 3.99 as of fiscal year 2025, which is generally considered healthy.
What is Growgeneration Corp's debt-to-equity ratio?
Growgeneration Corp (GRWG) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Growgeneration Corp's return on assets (ROA)?
Growgeneration Corp (GRWG) had a return on assets of -16.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Growgeneration Corp's cash runway?
Based on fiscal year 2025 data, Growgeneration Corp (GRWG) had $30.4M in cash against an annual operating cash burn of $9.4M. This gives an estimated cash runway of approximately 39 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 Growgeneration Corp's Altman Z-Score?
Growgeneration Corp (GRWG) has an Altman Z-Score of -0.27, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Growgeneration Corp's Piotroski F-Score?
Growgeneration Corp (GRWG) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Are Growgeneration Corp's earnings high quality?
Growgeneration Corp (GRWG) reported a net loss of $24.0M while operations used $9.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Growgeneration Corp?
Growgeneration Corp (GRWG) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.