STOCK TITAN
  1. Home
  2. Sec-filings
  3. GRWG
  4. [8-K] GrowGeneration Corp. Reports Material Event

GrowGeneration (NASDAQ: GRWG) Q1 2026 revenue rises 7.5% as losses shrink

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

GrowGeneration Corp. reported improved first quarter 2026 results with narrower losses and reaffirmed full-year guidance. Net sales were $38.4 million, up 7.5% from $35.7 million a year earlier, driven by commercial B2B and growth in Storage Solutions.

Gross profit was $9.7 million with a 25.4% margin versus 27.2% in 2025, as mix shifted toward lower-margin durable products and store closures. Total operating expenses fell 23.4% to $15.0 million, helping GAAP net loss narrow to $4.9 million from $9.4 million. Adjusted EBITDA loss improved to $1.6 million from $4.0 million.

Proprietary brand sales reached 37.0% of Cultivation and Gardening revenue, up from 32.0%. As of March 31, 2026, the company held $41.1 million in cash, cash equivalents, and marketable securities and had no debt. For 2026, management reaffirmed revenue guidance of $162–$168 million, expects gross margin of 27%–29%, and targets approximately breakeven Adjusted EBITDA, with Q2 net sales projected at $42–$44 million.

Positive

  • None.

Negative

  • None.

Insights

GrowGeneration shows early top-line recovery and sharp loss reduction while reaffirming breakeven 2026 guidance.

GrowGeneration delivered Q1 2026 net sales of $38.4M, up 7.5% year-over-year, marking a second straight quarter of revenue growth. Mix shifted toward Storage Solutions and commercial B2B, while proprietary brands rose to 37.0% of Cultivation and Gardening revenue, supporting the long-term margin strategy.

Despite gross margin compression to 25.4%, aggressive cost actions cut total operating expenses by 23.4% to $15.0M. GAAP net loss improved to $4.9M from $9.4M, and Adjusted EBITDA loss improved to $1.6M from $4.0M, indicating better operating leverage.

Liquidity appears solid with $41.1M of cash, cash equivalents, and marketable securities and no debt as of March 31, 2026. Management reaffirmed full-year 2026 revenue guidance of $162M–$168M, gross margin of 27%–29%, and approximately breakeven Adjusted EBITDA, and guided Q2 sales to $42M–$44M, implying continued sequential growth if execution on mix and cost controls persists.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q1 2026 net sales $38.4 million Up 7.5% year-over-year from $35.7 million
Q1 2026 gross margin 25.4% Versus 27.2% in Q1 2025
Q1 2026 GAAP net loss $4.9 million Improved from $9.4 million net loss in Q1 2025
Q1 2026 Adjusted EBITDA -$1.6 million Improved from -$4.0 million in Q1 2025
Proprietary brand penetration 37.0% Of Cultivation and Gardening net sales in Q1 2026; 32.0% in Q1 2025
Cash and marketable securities $41.1 million As of March 31, 2026; no debt outstanding
2026 revenue guidance $162–$168 million Full-year 2026 net revenue outlook reaffirmed
2026 gross margin guidance 27%–29% Expected full-year gross margin range for 2026
Adjusted EBITDA financial
"Adjusted EBITDA(1) loss of $1.6 million compared to a loss of $4.0 million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
proprietary brand penetration financial
"Proprietary brand penetration reaching 37.0% of Cultivation and Gardening revenue"
controlled environment agriculture (CEA) technical
"specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers"
Controlled environment agriculture (CEA) is growing crops inside enclosed systems—such as greenhouses or stacked indoor farms—where light, temperature, humidity and nutrients are precisely managed to produce food year-round and often more efficiently than outdoor fields. For investors it matters because CEA is capital- and technology-intensive, offering potential for higher yields, predictable supply and premium products, but also exposing returns to energy, equipment and scale-up risks.
non-GAAP financial measures financial
"The following non-GAAP financial measures of EBITDA and Adjusted EBITDA are not in accordance with, or an alternative for, GAAP"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
forward-looking statements regulatory
"This press release contains predictions, estimates or other information that are considered forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Net sales $38.4 million +7.5% YoY
GAAP net loss $4.9 million improved from $9.4 million YoY
Adjusted EBITDA -$1.6 million improved from -$4.0 million YoY
Gross margin 25.4% down from 27.2% YoY
Guidance

For 2026, GrowGeneration expects net revenue of $162–$168 million, gross margin of 27%–29%, and approximately breakeven Adjusted EBITDA; Q2 2026 net sales are guided to $42–$44 million.

Understanding 8-K Material Events →
FALSE000160486800016048682026-05-122026-05-12

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported):  May 12, 2026
 
GROWGENERATION CORP.
(Exact Name of Registrant as Specified in its Charter)
 
Colorado
 
001-39146
 
46-5008129
(State or other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer 
Identification No.)
 
5619 DTC Parkway, Suite 900
Greenwood Village, CO 80111
(Address of Principal Executive Offices)
 
Registrant’s telephone number, including area code:  (800) 935-8420
 
N/A
(Former Address of Principal Executive Offices)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
  
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading symbol
 
Name of each exchange on which registered
Common Stock, par value $0.001 per share
 
GRWG
 
The NASDAQ Stock Market LLC



Section 7 – Regulation FD

Item 7.01. Regulation FD Disclosure

On May 12, 2026, GrowGeneration Corp. (the "Company") published a press release regarding its financial results for the first quarter of 2026 and updated guidance for the full year 2026.

A copy of the press release is attached hereto as Exhibit 99.1. The information contained in this Current Report on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.
Description
99.1
Press release dated May 12, 2026
104
Cover Page Interactive Data File, formatted XBRL Document


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:  May 12, 2026
GrowGeneration Corp.  
 
 
 
 
By:
/s/ Darren Lampert
 
Name:
Darren Lampert
 
Title:
Chief Executive Officer


logo.jpg
GrowGeneration Reports First Quarter 2026 Financial Results

Second Consecutive Quarter of Year-Over-Year Revenue Growth driven by Commercial B2B Sales

Net Loss Improved by $4.5 million and Adjusted EBITDA Improved by $2.4 million Year-Over-Year, Reflecting Operating Leverage from Cost Actions

Proprietary Brand Penetration Increased 500 Basis Points Year-Over-Year to 37.0% of Cultivation and Gardening Revenue

$41.1 million in Cash, Cash Equivalents, and Marketable Securities with no Debt

Company Reaffirms 2026 Outlook: Revenue of $162 million to $168 million and Approximately Breakeven Adjusted EBITDA(1)

DENVER, May 12, 2026 -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGeneration,” “GrowGen,” or the “Company”), one of the nation’s largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, today announced financial results for the first quarter of 2026.

First Quarter 2026 Summary

•Net sales of $38.4 million, up 7.5% year-over-year;
•Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 37.0%, compared to 32.0% in the first quarter of 2025;
•Gross profit margin of 25.4%, compared to 27.2% for the first quarter of 2025;
•Store and other operating expenses declined approximately 27.2% to $6.4 million, compared to $8.8 million for the same period in the prior year;
•Total operating expenses decreased $4.6 million, or 23.4%, to $15.0 million in the first quarter of 2026, compared to $19.6 million for the same period in the prior year;
•Net loss was $4.9 million compared to a net loss of $9.4 million for the same period in 2025;
•Adjusted EBITDA(1) loss of $1.6 million compared to a loss of $4.0 million for the comparable prior year period; and
•Cash, cash equivalents, and marketable securities of $41.1 million and no debt.

Darren Lampert, GrowGen’s Co-Founder and Chief Executive Officer, commented, “We delivered a solid start to 2026, with first quarter revenue exceeding our expectations despite this typically being our seasonally slowest period. This marks our second consecutive quarter of year-over-year revenue growth, driven by continued strength in our commercial B2B division and the benefits of a more focused operating footprint. Importantly, the structural actions we have taken to streamline our cost base are translating into meaningful financial improvement, with a $2.4 million year-over-year improvement in Adjusted EBITDA and a $4.5 million reduction in GAAP net loss. These results reflect the operating leverage inherent in our model as we scale more efficiently.”

“We also continue to make strong progress on our strategic priorities, with proprietary brand penetration reaching 37.0% of Cultivation and Gardening revenue, positioning us well to achieve our approximately 40% year-end target. Expanding proprietary brands remains central to our margin expansion and long-term value creation strategy. With improving revenue trends, a structurally lower cost base, and over $41 million of cash and no debt, we are confident in our ability to achieve approximately breakeven Adjusted EBITDA in 2026 while continuing to build a foundation for sustainable, profitable growth,” added Mr. Lampert.

First Quarter 2026 Consolidated Results

Net sales were $38.4 million for the first quarter of 2026, compared to $35.7 million for the first quarter of 2025. This represents the second consecutive quarter of year-over-year revenue growth, led by our commercial B2B business. Cultivation


and Gardening net sales were $31.9 million for the first quarter of 2026, compared to $30.9 million for the same period in the prior year. Net sales in our Storage Solutions segment were $6.5 million for the first quarter of 2026, compared to $4.8 million in the first quarter of 2025.

Once again, our quarterly proprietary brand sales exceeded our internal expectations, giving us further confidence in our ability to expand gross margin for the long-term. Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 37.0%, compared to 32.0% for the same period in the prior year, largely driven by our strategic initiatives to increase sales mix of our expanded portfolio of proprietary brands.

Gross profit was $9.7 million for both the first quarter of 2026 and 2025, and gross profit margin was 25.4% for the first quarter of 2026, compared to 27.2% for the first quarter of 2025. Gross profit remained consistent while gross profit margin declined year-over-year, primarily due to the increased sales mix of durable products in the first quarter of 2026 within our Cultivation and Gardening segment, which generally have lower margins than consumable products, as well as additional cost of sales and inventory sales discounts incurred in connection with the closure of four retail locations to date in fiscal 2026, whereas no such costs were incurred in the first quarter of 2025. This was partially offset by a 42.7% year-over-year increase in gross profit in our Storage Solutions segment, primarily from increased sales volume and sales mix of large-scale projects.

Total operating expenses, which include store operations and other operational expenses, selling, general, and administrative, estimated credit losses, and depreciation and amortization expense decreased in the first quarter of 2026 by $4.6 million, or 23.4%, to $15.0 million, compared to $19.6 million in the first quarter of 2025.

Store and other operating expenses in the first quarter of 2026 declined by approximately 27.2% to $6.4 million, compared to $8.8 million in the first quarter of 2025, reflecting the benefits of reducing our retail footprint and our cost-reduction initiatives.

Selling, general, and administrative expenses in the first quarter of 2026 were $6.9 million, compared to $7.1 million in the first quarter of 2025, a 2.6% improvement.

GAAP net loss narrowed to $4.9 million in the first quarter of 2026, a $4.5 million improvement compared to a net loss of $9.4 million in the first quarter of 2025, primarily reflecting the benefits of our cost-reduction initiatives and the absence of restructuring-related expenses incurred in 2025.

Non-GAAP Adjusted EBITDA(1) was a loss of $1.6 million in the first quarter of 2026, a $2.4 million year-over-year improvement compared to a loss of $4.0 million in the first quarter of 2025, reflecting gross margin benefit of higher proprietary brand penetration and the continued realization of operational cost-reduction initiatives.

Cash, cash equivalents, and marketable securities as of March 31, 2026 were $41.1 million. Inventory as of March 31, 2026 was $37.0 million, and prepaid and other current assets were $7.1 million.

Total current liabilities, including accounts payable, accrued payroll, and other liabilities as of March 31, 2026 were $24.6 million.

Geographic Footprint

Our geographic footprint for our Cultivation and Gardening segment spans 492,000 square feet of retail and warehouse space and includes 19 retail locations across 9 states as of March 31, 2026. We closed four retail locations during the three months ended March 31, 2026 as part of our ongoing network optimization strategy. We continue to serve our customers through our other retail locations and our online platforms, such as growgeneration.com and GrowGen.Pro, our dedicated B2B commercial portal serving multi-state operators, controlled environment agriculture and greenhouse customers, wholesale partners, and independent commercial cultivators.

2026 Outlook

For the full year 2026, the Company reaffirmed that it expects net revenue in the range of $162 million to $168 million. The Company expects proprietary brand sales as a percentage of Cultivation & Gardening revenue to reach approximately 40% by year-end. The Company expects full year improvement in gross margin and operating expense efficiency during 2026. With this and the improvements made in its inventory base, the Company anticipates gross margins for the full year 2026 to be in the range of 27% to 29%. Based on these improvements, GrowGen expects to achieve breakeven Adjusted EBITDA for the full year 2026.



The Company’s full year 2026 guidance assumes profitability will build progressively throughout the year, with profitable second and third quarters reflecting the outdoor cultivation and gardening season as well as continued improvements in gross margin and a lower operating expense base compared to 2025.

For the second quarter of 2026, the Company expects total consolidated net sales in the range of $42 million to $44 million, representing continued sequential growth.

Footnotes
(1) Adjusted EBITDA represents earnings before interest, taxes, depreciation, and amortization as adjusted for certain items as set forth in the reconciliation table of U.S. GAAP to non-GAAP information and is a measure calculated and presented on the basis of methodologies other than in accordance with GAAP. Please refer to the Use of Non-GAAP Financial Information herein for further discussion and reconciliation of this measure to GAAP measures.

Conference Call

The Company will host a conference call today, May 12, 2026, at 4:30 p.m. Eastern Time to discuss financial results for the first quarter ended March 31, 2026. To participate in the call, please dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international). The conference code is 98549. The call will also be webcast and can be accessed at
https://app.webinar.net/BV1vzDxzAqQ or on the Investor Relations section of the GrowGen website at: https://ir.growgeneration.com. A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.

About GrowGeneration Corp:

GrowGen is one of the nation’s largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers. GrowGen carries and sells thousands of products, such as nutrients, additives, growing media, lighting, environmental control systems, and benching and racking, including proprietary brands such as Char Coir, Drip Hydro, Power Si, Ion lights, The Harvest Company, and more. The Company also operates an online superstore for cultivators at growgeneration.com, as well as a wholesale business for resellers, and a benching, racking, and storage solutions business, MMI Storage Solutions.

To be added to the GrowGeneration email distribution list, please email GrowGen@kcsa.com with GRWG in the subject line.

Forward Looking Statements

This press release contains predictions, estimates or other information that are considered forward-looking statements, including without limitation, statements regarding the Company’s financial outlook, guidance, and strategic expectations, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used herein, words such as “look forward,” “expect,” “believe,” “anticipate,” “estimate,” “guidance,” “outlook,” “projected,” “intend,” “may,” or variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements represent management’s current expectations and are based on assumptions and estimates that management believes are reasonable as of the date of this press release. You are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those anticipated due to a number of risks and uncertainties, including but not limited to those discussed in filings made with the United States Securities and Exchange Commission, available at: www.sec.gov, and on the Company’s website, at: www.growgeneration.com. The Company does not undertake any obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by applicable securities laws, whether as a result of new information, future events, or otherwise.

Contacts:

KCSA Strategic Communications
Philip Carlson
Managing Director
T: 212-896-1233
E: GrowGen@kcsa.com


GROWGENERATION CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except shares)
March 31,
2026		December 31,
2025
ASSETS
Current assets:
Cash and cash equivalents$21,679 $30,406 
Marketable securities19,440 15,658 
Accounts receivable, net of allowance for credit losses of $2,142 and $2,109 at March 31, 2026 and December 31, 2025, respectively
13,999 10,668 
Notes receivable, current, net of allowance for credit losses of $196 and $214 at March 31, 2026 and December 31, 2025, respectively
495 507 
Inventory36,953 38,776 
Prepaid income taxes60 60 
Prepaid and other current assets7,062 7,672 
Total current assets99,688 103,747 
Property and equipment, net9,034 9,795 
Operating leases right-of-use assets, net25,191 27,050 
Intangible assets, net2,569 3,326 
Goodwill2,080 2,080 
Other assets1,016 1,042 
TOTAL ASSETS$139,578 $147,040 
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$9,582 $8,775 
Accrued liabilities3,857 3,269 
Payroll and payroll tax liabilities1,858 2,589 
Customer deposits2,643 4,015 
Sales tax payable840 872 
Current maturities of operating lease liabilities5,831 6,455 
Total current liabilities24,611 25,975 
Operating lease liabilities, net of current maturities21,627 23,022 
Other long-term liabilities508 544 
Total liabilities46,746 49,541 
Commitments and contingencies
Stockholders' equity:
Common stock; $0.001 par value; 100,000,000 shares authorized, 60,090,905 and 60,090,905 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
60 60 
Additional paid-in capital377,383 377,128 
Accumulated deficit(284,611)(279,689)
Total stockholders' equity92,832 97,499 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$139,578 $147,040 



GROWGENERATION CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands, except per share amounts)
 
Three Months Ended March 31,
20262025
Net sales$38,391 $35,703 
Cost of sales (exclusive of depreciation and amortization shown below)28,651 25,996 
Gross profit9,740 9,707 
Operating expenses:
Store operations and other operational expenses6,401 8,792 
Selling, general, and administrative6,926 7,112 
Estimated credit losses67 92 
Depreciation and amortization1,611 3,585 
Total operating expenses15,005 19,581 
Loss from operations(5,265)(9,874)
Other income:
Interest income324 497 
Total other income324 497 
Net loss before income taxes(4,941)(9,377)
Benefit for income taxes19 — 
Net loss$(4,922)$(9,377)
Net loss per share, basic$(0.08)$(0.16)
Net loss per share, diluted$(0.08)$(0.16)
Weighted average shares outstanding, basic60,090,905 59,441,330 
Weighted average shares outstanding, diluted60,090,905 59,441,330 



Use of Non-GAAP Financial Information

The following non-GAAP financial measures of EBITDA and Adjusted EBITDA are not in accordance with, or an alternative for, generally accepted accounting principles ("GAAP") and should be considered in addition to, and not as a substitute for, the most directly comparable GAAP financial measures. We believe these non-GAAP financial measures, when used in conjunction with their most directly comparable GAAP financial measures, net income (loss), provide meaningful supplemental information to both management and investors, facilitating the evaluation of performance across reporting periods, identify trends affecting our business, and project future performance. Management uses these non-GAAP financial measures for internal planning and reporting purposes, and we believe that these non-GAAP financial measures may be useful to investors in their assessment of our operating performance, our ability to generate cash, and valuation. In addition, these non-GAAP financial measures address questions routinely received from analysts and investors and, in order to ensure that all investors have access to the same data, we have determined that it is appropriate to make this data available to all investors. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.

EBITDA and Adjusted EBITDA

EBITDA and Adjusted EBITDA are non-GAAP financial measures commonly used in our industry and should not be construed in isolation as substitutions to net income (loss) as indicators of operating performance or as alternatives to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP). GrowGeneration defines EBITDA as net income (loss) before interest income, interest expense, income tax expense, depreciation and amortization, and Adjusted EBITDA as further adjusted to exclude certain items such as stock-based compensation, impairment losses, restructuring and corporate rationalization costs, and other non-core or non-recurring expenses and to include income from our marketable securities as these investments are part of our operational business strategy and increase the cash available to us.

Set forth below is a reconciliation of EBITDA and Adjusted EBITDA to net loss (in thousands):

Three Months Ended March 31,
20262025
Net loss$(4,922)$(9,377)
Benefit for income taxes(19)— 
Interest income(324)(497)
Depreciation and amortization1,611 3,585 
EBITDA$(3,654)$(6,289)
Share-based compensation255 503 
Investment income300 519 
Restructuring plan
— 1,141 
Consolidation and other charges (1)
1,515 96 
Adjusted EBITDA$(1,584)$(4,030)
(1) Consists primarily of expenditures related to legal settlements and contingencies, the activity of store and distribution consolidation, one-time severances outside of the restructuring plan announced July 2024, and other non-core or non-recurring expenses



Source: View Original Filing on SEC EDGAR

FAQ

How did GrowGeneration (GRWG) perform in Q1 2026?

GrowGeneration reported Q1 2026 net sales of $38.4 million, up 7.5% year-over-year. Net loss narrowed to $4.9 million from $9.4 million, and Adjusted EBITDA loss improved to $1.6 million versus a $4.0 million loss in 2025.

What is GrowGeneration’s revenue and earnings outlook for full-year 2026?

GrowGeneration reaffirmed 2026 net revenue guidance of $162 million to $168 million. The company expects full-year gross margin between 27% and 29% and is targeting approximately breakeven Adjusted EBITDA based on cost reductions and higher-margin proprietary brands.

How are GrowGeneration’s proprietary brands performing in 2026?

In Q1 2026, proprietary brand sales reached 37.0% of Cultivation and Gardening revenue, up from 32.0% a year earlier. Management views expanding proprietary brands as central to long-term margin expansion and aims for approximately 40% penetration by year-end 2026.

What is GrowGeneration’s profitability trend based on Q1 2026 results?

GrowGeneration’s Q1 2026 GAAP net loss improved to $4.9 million from $9.4 million in 2025. Adjusted EBITDA loss improved to $1.6 million from $4.0 million, reflecting lower operating expenses and higher proprietary brand mix despite slightly weaker gross margin.

What guidance did GrowGeneration provide for Q2 2026 sales?

For Q2 2026, GrowGeneration expects consolidated net sales between $42 million and $44 million. This outlook indicates continued sequential growth from Q1 2026 net sales of $38.4 million, supported by seasonal demand and ongoing commercial B2B strength.

What is GrowGeneration’s cash and debt position as of March 31, 2026?

As of March 31, 2026, GrowGeneration held $41.1 million in cash, cash equivalents, and marketable securities. The company reported no debt, with total current liabilities of $24.6 million and total stockholders’ equity of $92.8 million.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents