Urban-Gro, Inc. (UGRO) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UGRO SEC filings page.
This page shows Urban-Gro, Inc. (UGRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 sales met persistent overhead, driving Urban-gro toward negative equity and continued cash consumption.
Revenue contraction cut sales from$66.3M in FY2022 to$31.2M in FY2024. By FY2024, SG&A was$21.0M while gross margin was-1.3% , so the smaller sales base could not fund the operating cost structure.
By FY2024, the liquidity squeeze was visible in a current ratio of 0.4, down from 0.9 in FY2023, meaning current assets were less than half current liabilities. Negative equity emerged as equity moved from
Operating cash flow improved from
Financial Health Signals
Urban-Gro, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Urban-Gro, Inc.'s EBITDA was -$407K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.8% from the same quarter a year earlier.
Urban-Gro, Inc. reported -$3.2M in net income in Q1 2026. This represents an increase of 20.0% from the same quarter a year earlier.
Not reported for Q1 2026.
Cash & Balance Sheet
Urban-Gro, Inc. held $305K in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Urban-Gro, Inc.'s ROE was -1.6% in Q1 2026, measuring profit generated per dollar of shareholder equity.
Not reported for Q1 2026.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
UGRO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $2.4M-70.1% | $7.8M-56.7% | $9.5M-38.2% | N/A | $8.0M-59.3% | $17.9M-2.7% |
| Cost of Revenue | N/A | N/A | $2.6M-70.4% | $7.7M-50.3% | $8.9M-28.2% | N/A | $8.6M-49.7% | $15.5M-2.5% |
| Gross Profit | N/A | N/A | -$172K+74.1% | $45K-98.1% | $610K-79.6% | N/A | -$662K-127.3% | $2.4M-4.1% |
| SG&A Expenses | $407K-34.2% | N/A | $2.0M-45.2% | $5.8M+24.3% | $619K-87.8% | N/A | $3.6M-35.2% | $4.7M-25.1% |
| Operating Income | -$2.1M-243.4% | N/A | -$2.2M+30.3% | -$6.0M-122.3% | -$619K+75.0% | N/A | -$3.2M+8.5% | -$2.7M+35.4% |
| EBITDA | -$407K+9.8% | N/A | -$2.1M+26.1% | -$5.8M-154.3% | -$451K+78.4% | N/A | -$2.9M+7.4% | -$2.3M+38.7% |
| Interest Expense | $0-100.0% | N/A | N/A | N/A | $109K | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | -$15K+69.8% | N/A | -$14K | -$48K |
| Net Income | -$3.2M+20.0% | N/A | -$4.8M-28.8% | -$6.2M-109.3% | -$4.0M-57.5% | N/A | -$3.8M+1.7% | -$3.0M+48.6% |
| EPS (Basic) | -$3.92+49.6% | N/A | -$9.14-20.9% | -$10.64-77.6% | -$7.78-3604.8% | N/A | -$7.56-2190.9% | -$5.99-1030.2% |
| EPS (Diluted) | -$3.92 | N/A | N/A | -$10.64 | -$7.78 | N/A | -$0.30+9.1% | -$5.99 |
| Diluted Shares (Avg) | 822,221 | N/A | 529,643+6.6% | 583,352 | 518,569 | N/A | 496,937-95.7% | 494,820 |
Not reported in any period shown, so not listed: R&D Expenses.
UGRO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $263.0M+1535.0% | $332K-98.3% | $3.2M-93.6% | $9.9M-82.0% | $16.1M-64.8% | $19.5M-60.6% | $49.2M-10.5% | $55.0M-6.8% |
| Current Assets | $3.6M-73.1% | $11K-99.9% | $2.2M-93.5% | $7.4M-81.2% | $13.4M-54.7% | $15.8M-52.0% | $33.8M+6.7% | $39.4M+19.9% |
| Cash & Equivalents | $305K-56.2% | $11K-98.7% | $63K-94.5% | $721K+87.4% | $697K+7.5% | $819K-23.8% | $1.1M-74.7% | $385K-95.4% |
| Accounts Receivable | $2.9M-47.5% | N/A | $352K-98.5% | $3.1M-89.4% | $5.6M-69.7% | $6.1M-71.8% | $24.0M+32.1% | $28.9M+88.7% |
| Goodwill | $122.8M+11261.6% | $0 | N/A | $1.1M-88.8% | $1.1M-88.8% | $0-100.0% | $9.7M-35.5% | $9.7M-35.5% |
| Total Liabilities | $65.9M+48.6% | $45.5M+3.1% | $42.1M-10.1% | $44.2M-10.3% | $44.3M+18.1% | $44.1M+11.9% | $46.8M+33.4% | $49.2M+36.2% |
| Current Liabilities | $65.8M+51.3% | $45.4M+7.3% | $41.9M-8.2% | $43.6M-9.2% | $43.5M+19.9% | $42.3M+11.3% | $45.7M+36.6% | $48.0M+40.0% |
| Non-Current Liabilities | $115K-86.4% | $115K-93.7% | $168K-85.2% | $545K-52.8% | $847K-34.3% | $1.8M+28.9% | $1.1M-31.6% | $1.2M-36.6% |
| Total Equity | $197.1M+797.9% | -$45.2M-83.3% | -$38.9M-1726.1% | -$34.2M-689.6% | -$28.2M-445.2% | -$24.6M-344.3% | $2.4M-87.7% | $5.8M-74.6% |
| Retained Earnings | -$128.1M-19.9% | -$124.9M-21.5% | -$117.8M-56.0% | -$113.0M-57.4% | -$106.8M-55.2% | -$102.8M-55.1% | -$75.6M-35.7% | -$71.8M-38.5% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Long-Term Debt.
UGRO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$370K-116.7% | $398K+119.2% | -$2.2M-315.5% | $414K+117.3% | $2.2M+252.2% | -$2.1M+52.2% | $1.0M+120.7% | -$2.4M-215.9% |
| Depreciation & Amortization | $1.7M+924.5% | N/A | $90K-70.3% | $148K-62.7% | $168K-57.0% | N/A | $304K-18.5% | $396K-6.7% |
| Stock-Based Compensation | $360K+11.2% | N/A | N/A | N/A | $324K-50.6% | N/A | $344K-52.4% | $461K-26.0% |
| Capital Expenditures | N/A | $185K+447.2% | $0-100.0% | $49K | $64K | $34K-71.7% | $52K-73.6% | N/A |
| Free Cash Flow | N/A | $213K+110.1% | -$2.2M-327.0% | $365K | $2.2M | -$2.1M+52.7% | $962K+118.9% | N/A |
| Investing Cash Flow | -$56K-505.2% | -$209K-519.5% | $2.0M+4039.1% | -$4K+92.9% | $14K+62.2% | -$34K-45.0% | -$52K-102.4% | -$54K+38.0% |
| Financing Cash Flow | $720K+130.6% | -$241K-113.4% | -$505K-140.1% | -$386K-117.7% | -$2.3M-121.0% | $1.8M+90.9% | -$210K+79.7% | $2.2M+391.4% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
UGRO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | -7.2%+1.1pp | 0.6%-12.8pp | 6.4%-13.0pp | N/A | -8.3%-20.7pp | 13.4%-0.2pp |
| Operating Margin | N/A | N/A | -93.8%-53.6pp | -76.7%-61.8pp | -6.5%+9.6pp | N/A | -40.2%-22.3pp | -14.9%+7.6pp |
| Net Margin | N/A | N/A | -203.1% | -79.9%-63.4pp | -42.4%-25.8pp | N/A | -47.1%-27.6pp | -16.5%+14.7pp |
| Return on Equity | -1.6% | N/A | N/A | N/A | N/A | N/A | -157.1%-137.5pp | -51.1%-25.9pp |
| Return on Assets | -1.2%+23.9pp | N/A | -152.7%-145.1pp | -62.5%-57.1pp | -25.1%-19.5pp | N/A | -7.6%-0.7pp | -5.4%+4.4pp |
| Current Ratio | 0.05-0.3x | 0.00-0.4x | 0.05-0.7x | 0.17-0.6x | 0.31-0.5x | 0.37-0.5x | 0.74-0.2x | 0.82-0.1x |
| Debt-to-Equity | 0.33 | N/A | N/A | N/A | N/A | N/A | 19.57+17.8x | 8.47+6.9x |
| Asset Turnover | N/A | N/A | 0.75+0.6x | 0.78+0.5x | 0.59+0.3x | N/A | 0.16-0.2x | 0.330.0x |
| FCF Margin | N/A | N/A | -91.7%-103.7pp | 4.7% | 22.6% | N/A | 12.1%+38.0pp | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$45.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Urban-Gro, Inc. UGRO | FY2025 | N/A | N/A | N/A | $4.9M | — |
| GreenPower Mtr Co Inc GP | FY2024 | $39.3M | -$18.3M | -46.7% | $8.0M | — |
| Hydrofarm Holdings Group, Inc. HYFM | FY2025 | $134.3M | -$289.8M | N/A | $4.9M | 23/100 |
| Art's-Way Manufacturing ARTW | FY2025 | $23.0M | $1.0M | 4.5% | $15.6M | 36/100 |
| Huachen AI Parking Management Technology Holding Co. HCAI | FY2025 | $6.6M | -$42.2M | N/A | $37.1M | 22/100 |
| Xos Inc XOS | FY2025 | $46.0M | -$25 | 0.0% | $42.9M | 54/100 |
Where Urban-Gro, Inc. Ranks
Frequently Asked Questions
What is Urban-Gro, Inc.'s free cash flow?
Urban-Gro, Inc. (UGRO) generated $543K in free cash flow during fiscal year 2025. This represents a 118.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Urban-Gro, Inc.'s operating cash flow?
Urban-Gro, Inc. (UGRO) generated $841K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Urban-Gro, Inc.'s total assets?
Urban-Gro, Inc. (UGRO) had $332K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Urban-Gro, Inc.'s capital expenditures?
Urban-Gro, Inc. (UGRO) invested $298K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Urban-Gro, Inc.'s current ratio?
Urban-Gro, Inc. (UGRO) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Why is Urban-Gro, Inc.'s debt-to-equity ratio negative or not reported?
Urban-Gro, Inc. (UGRO) has negative shareholder equity of -$45.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.