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GrowGeneration (GRWG) Financials

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$1.38 -0.01 (-0.72%)
Closing price 07/24/2026 04:00 PM Eastern
Extended Trading
$1.36 -0.01 (-1.09%)
As of 07/24/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for GrowGeneration

Annual Income Statements for GrowGeneration

This table shows GrowGeneration's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.53 -0.43 -2.54 -5.07 1.32 5.33 13 -164 -46 -50 -24
Consolidated Net Income / (Loss)		 -0.53 -0.43 -2.54 -5.07 1.32 5.33 13 -164 -46 -50 -24
Net Income / (Loss) Continuing Operations		 -0.53 -0.43 -2.54 -5.07 1.32 5.33 13 -164 -46 -50 -24
Total Pre-Tax Income 		-0.53 -0.43 -2.54 -5.07 1.32 8.58 15 -167 -46 -49 -24
Total Operating Income		 -0.51 -0.43 -2.85 -4.26 1.58 8.44 15 -168 -50 -52 -26
Total Gross Profit		 0.60 1.74 2.36 4.80 22 50 118 70 61 44 43
Total Revenue		 3.46 7.98 14 29 80 193 422 278 226 189 162
Operating Revenue		 3.46 7.98 14 29 80 193 422 278 226 189 162
Total Cost of Revenue		 2.85 6.24 12 24 58 143 306 210 165 145 118
Operating Cost of Revenue		 2.84 6.24 12 24 58 142 304 208 165 145 118
Total Operating Expenses		 1.12 2.17 5.22 9.05 20 42 102 236 111 96 69
Selling, General & Admin Expense		 0.26 1.90 3.99 6.81 19 40 89 91 78 69 57
Depreciation Expense		 0.02 0.05 0.15 0.35 1.05 2.44 13 17 17 19 11
Other Operating Expenses / (Income)		 0.79 - - - - - - - 0.96 -0.06 0.44
Impairment Charge		 - - - - - 0.00 0.00 128 16 6.88 0.13
Total Other Income / (Expense), net		 -0.01 -0.01 0.31 -0.82 -0.26 0.14 0.23 1.24 3.38 2.62 1.73
Interest Expense		 0.00 0.01 0.02 1.01 - - 0.04 0.02 0.10 0.07 0.00
Interest & Investment Income		 - - 0.00 0.08 0.15 0.04 0.49 0.58 2.70 2.70 1.73
Other Income / (Expense), net		 -0.01 0.00 0.32 0.12 -0.41 0.10 -0.22 0.68 0.78 -0.01 0.00
Income Tax Expense		 0.00 - - - 0.00 3.25 2.44 -2.89 0.03 0.16 0.19
Basic Earnings per Share		 ($0.08) ($0.05) ($0.18) ($0.22) $0.04 $0.12 $0.22 ($2.69) ($0.76) ($0.82) ($0.40)
Weighted Average Basic Shares Outstanding		 6.56M 9.15M 14.51M 23.49M 32.83M 43.95M 59.22M 60.81M 61.18M 60.18M 59.67M
Diluted Earnings per Share		 ($0.08) ($0.05) ($0.18) ($0.22) $0.04 $0.11 $0.21 ($2.69) ($0.76) ($0.82) ($0.40)
Weighted Average Diluted Shares Outstanding		 6.56M 9.15M 14.51M 23.49M 33.91M 46.46M 60.46M 60.81M 61.18M 60.18M 59.67M
Weighted Average Basic & Diluted Shares Outstanding		 - 9.15M 14.51M 23.49M 38.14M 58.46M 60.70M 60.99M 61.50M 59.46M 60.09M

Quarterly Income Statements for GrowGeneration

This table shows GrowGeneration's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.35 -27 -8.84 -5.90 -11 -23 -9.38 -4.81 -2.44 -7.42 -4.92
Consolidated Net Income / (Loss)		 -7.35 -27 -8.84 -5.90 -11 -23 -9.38 -4.81 -2.44 -7.42 -4.92
Net Income / (Loss) Continuing Operations		 -7.35 -27 -8.84 -5.90 -11 -23 -9.38 -4.81 -2.44 -7.42 -4.92
Total Pre-Tax Income 		-7.35 -27 -8.84 -5.80 -11 -23 -9.38 -4.81 -2.44 -7.23 -4.94
Total Operating Income		 -8.03 -28 -9.43 -6.51 -12 -24 -9.87 -5.27 -2.84 -7.60 -5.27
Total Gross Profit		 16 12 12 14 11 6.13 9.71 12 13 9.22 9.74
Total Revenue		 56 49 48 54 50 37 36 41 47 38 38
Operating Revenue		 56 49 48 54 50 37 36 41 47 38 38
Total Cost of Revenue		 40 37 35 39 39 31 26 30 34 28 29
Operating Cost of Revenue		 39 38 36 39 39 31 26 29 34 29 29
Total Operating Expenses		 24 40 22 21 23 30 20 17 16 17 15
Selling, General & Admin Expense		 19 20 19 17 17 16 16 14 13 14 13
Depreciation Expense		 4.72 4.13 3.74 3.62 4.97 7.11 3.59 2.69 2.65 2.37 1.61
Other Operating Expenses / (Income)		 - - - - - - 0.09 - - - 0.07
Total Other Income / (Expense), net		 0.68 0.71 0.59 0.71 0.61 0.70 0.50 0.46 0.41 0.36 0.32
Interest & Investment Income		 0.71 0.81 0.60 0.74 0.66 0.70 0.50 0.46 0.41 0.36 0.32
Income Tax Expense		 0.00 -0.06 -0.00 0.10 -0.04 0.11 0.00 0.00 0.00 0.19 -0.02
Basic Earnings per Share		 ($0.12) ($0.45) ($0.14) ($0.10) ($0.19) ($0.39) ($0.16) ($0.08) ($0.04) ($0.12) ($0.08)
Weighted Average Basic Shares Outstanding		 61.27M 61.18M 61.50M 60.68M 59.27M 60.18M 59.44M 59.55M 59.78M 59.67M 60.09M
Diluted Earnings per Share		 ($0.12) ($0.45) ($0.14) ($0.10) ($0.19) ($0.39) ($0.16) ($0.08) ($0.04) ($0.12) ($0.08)
Weighted Average Diluted Shares Outstanding		 61.27M 61.18M 61.50M 60.68M 59.27M 60.18M 59.44M 59.55M 59.78M 59.67M 60.09M
Weighted Average Basic & Diluted Shares Outstanding		 61.31M 61.50M 60.71M 59.17M 59.24M 59.46M 59.50M 59.77M 59.84M 60.09M 60.09M

Annual Cash Flow Statements for GrowGeneration

This table details how cash moves in and out of GrowGeneration's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.59 -0.09 0.61 13 -1.66 165 -137 -1.32 -10 -2.29 2.94
Net Cash From Operating Activities		 -1.14 -1.42 -3.41 -1.54 -3.34 -0.21 5.16 12 1.42 -1.80 -9.45
Net Cash From Continuing Operating Activities		 -1.14 -1.42 -3.41 -1.54 -3.34 -0.21 5.16 12 1.42 -1.80 -9.45
Net Income / (Loss) Continuing Operations		 -0.53 -0.43 -2.54 -5.07 1.32 5.33 13 -164 -46 -50 -24
Consolidated Net Income / (Loss)		 -0.53 -0.43 -2.54 -5.07 1.32 5.33 13 -164 -46 -50 -24
Depreciation Expense		 0.02 0.05 0.15 0.35 1.05 2.44 13 17 17 19 11
Non-Cash Adjustments To Reconcile Net Income		 0.26 0.25 1.20 2.08 4.60 11 16 135 20 5.47 2.06
Changes in Operating Assets and Liabilities, net		 -0.88 -1.30 -2.22 0.11 -11 -19 -36 23 12 23 1.25
Net Cash From Investing Activities		 -0.25 -0.26 -1.18 -6.37 -12 -46 -139 -12 -11 5.73 13
Net Cash From Continuing Investing Activities		 -0.25 -0.26 -1.18 -6.37 -12 -46 -139 -12 -11 5.73 13
Purchase of Property, Plant & Equipment		 -0.25 -0.26 -1.18 -6.31 -12 -45 -19 -13 -6.70 -1.98 -0.54
Acquisitions		 - - - -0.06 -0.12 -1.03 -81 -7.23 -3.05 0.00 -1.01
Purchase of Investments		 - - - - 0.00 0.00 -75 -39 -99 -53 -36
Sale of Property, Plant & Equipment		 - - - - - 0.00 0.00 0.61 0.27 0.15 0.03
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 35 47 97 60 50
Net Cash From Financing Activities		 1.98 1.59 5.19 21 13 211 -2.38 -1.69 -0.31 -6.21 -0.22
Net Cash From Continuing Financing Activities		 1.98 1.59 5.19 21 13 211 -2.38 -1.69 -0.31 -6.21 -0.22
Repayment of Debt		 - -0.03 -0.06 -0.45 -0.46 -0.11 -0.08 -0.11 -0.05 0.00 0.00
Repurchase of Common Equity		 - - - - - - - 0.00 0.00 -6.04 0.00
Other Financing Activities, net		 - 1.62 5.25 13 14 211 -2.30 -1.59 -0.26 -0.18 -0.22
Cash Interest Paid		 0.00 0.01 0.02 0.02 0.05 0.01 0.04 0.02 0.10 0.07 0.00

Quarterly Cash Flow Statements for GrowGeneration

This table details how cash moves in and out of GrowGeneration's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.83 -1.66 1.29 -3.47 -0.14 0.04 5.27 -9.43 4.05 3.05 -8.73
Net Cash From Operating Activities		 -4.60 -1.36 -3.65 -0.40 1.17 1.07 -3.83 -2.92 -0.50 -2.20 -5.05
Net Cash From Continuing Operating Activities		 -4.60 -1.36 -3.65 -0.40 1.17 1.07 -3.83 -2.92 -0.50 -2.20 -5.05
Net Income / (Loss) Continuing Operations		 -7.35 -27 -8.84 -5.90 -11 -23 -9.38 -4.81 -2.44 -7.42 -4.92
Consolidated Net Income / (Loss)		 -7.35 -27 -8.84 -5.90 -11 -23 -9.38 -4.81 -2.44 -7.42 -4.92
Depreciation Expense		 4.72 4.13 3.74 3.62 4.97 7.11 3.59 2.69 2.65 2.37 1.61
Non-Cash Adjustments To Reconcile Net Income		 1.08 17 -1.47 -0.57 0.76 9.70 0.79 0.52 2.05 -1.31 -1.32
Changes in Operating Assets and Liabilities, net		 -3.05 5.11 2.92 2.45 6.88 7.61 1.17 -1.32 -2.76 4.15 -0.42
Net Cash From Investing Activities		 6.46 -0.23 4.97 1.22 0.54 -0.99 9.16 -6.46 4.55 5.36 -3.68
Net Cash From Continuing Investing Activities		 6.46 -0.23 4.97 1.22 0.54 -0.99 9.16 -6.46 4.55 5.36 -3.68
Purchase of Property, Plant & Equipment		 -0.46 -0.70 -0.36 -1.06 -0.46 -0.10 -0.24 -0.05 -0.15 -0.10 -0.09
Purchase of Investments		 -34 -13 -21 -6.89 -14 -11 -7.19 -12 -6.05 -11 -4.72
Sale of Property, Plant & Equipment		 0.01 0.03 0.00 0.07 0.07 0.02 0.02 - - 0.01 0.06
Sale and/or Maturity of Investments		 41 13 26 9.10 15 9.85 17 6.40 11 16 1.07
Net Cash From Financing Activities		 -0.03 -0.08 -0.03 -4.29 -1.85 -0.05 -0.06 -0.05 -0.00 -0.11 0.00
Net Cash From Continuing Financing Activities		 -0.03 -0.08 -0.03 -4.29 -1.85 -0.05 -0.06 -0.05 -0.00 -0.11 0.00
Other Financing Activities, net		 -0.01 -0.08 -0.03 -0.10 -0.00 -0.05 -0.06 -0.05 -0.00 -0.11 0.00

Annual Balance Sheets for GrowGeneration

This table presents GrowGeneration's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2.61 4.44 9.25 36 71 355 459 293 239 174 147
Total Current Assets		 2.07 3.61 7.17 25 41 250 217 171 147 113 104
Cash & Equivalents		 0.70 0.61 1.22 15 13 178 41 40 30 27 30
Short-Term Investments		 - - - - - - 40 32 35 29 16
Note & Lease Receivable		 - - - - 1.04 2.61 2.44 1.21 0.19 1.06 0.51
Accounts Receivable		 0.04 0.39 0.65 0.86 2.95 3.90 5.74 8.34 8.90 7.36 11
Inventories, net		 1.31 2.57 4.59 8.87 22 54 106 77 65 40 39
Prepaid Expenses		 0.02 0.04 0.71 0.61 2.55 11 16 6.46 7.97 7.90 7.67
Current Deferred & Refundable Income Taxes		 - - - - 0.00 0.66 5.86 5.68 0.52 0.15 0.06
Plant, Property, & Equipment, net		 0.27 0.55 1.26 1.82 3.34 7.42 24 29 27 15 9.80
Total Noncurrent Assets		 0.27 0.29 0.83 9.09 27 97 218 94 65 46 33
Goodwill		 0.24 0.24 0.59 8.75 18 63 125 16 7.53 1.61 2.08
Intangible Assets		 - 0.00 0.05 0.11 0.23 21 48 31 16 8.78 3.33
Other Noncurrent Operating Assets		 0.03 0.04 0.18 0.23 8.01 12 45 47 41 35 28
Total Liabilities & Shareholders' Equity		 2.61 4.44 9.25 36 71 355 459 293 239 174 147
Total Liabilities		 0.46 0.88 1.68 5.83 18 38 88 77 66 54 50
Total Current Liabilities		 0.44 0.84 1.59 3.41 12 27 47 36 31 24 26
Accounts Payable		 0.29 0.64 1.07 1.82 6.02 15 17 16 12 8.15 8.78
Accrued Expenses		 - 0.00 0.07 0.04 0.00 0.67 2.04 1.54 2.53 2.36 3.27
Customer Deposits		 0.02 0.05 0.09 0.52 2.50 - 12 4.34 5.36 2.40 4.02
Other Taxes Payable		 0.07 0.12 0.32 0.60 1.61 3.82 9.36 6.01 3.35 3.97 3.46
Other Current Liabilities		 - - - 0.00 1.84 3.00 6.86 8.13 8.02 7.40 6.46
Total Noncurrent Liabilities		 0.02 0.04 0.08 2.42 6.05 10 41 41 35 30 24
Other Noncurrent Operating Liabilities		 - - - 0.00 5.81 9.48 39 41 35 30 24
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2.15 3.56 7.58 30 53 317 371 216 173 120 97
Total Preferred & Common Equity		 2.15 3.56 7.58 30 53 317 371 216 173 120 97
Total Common Equity		 2.15 3.56 7.58 30 53 317 371 216 173 120 97
Common Stock		 2.87 4.71 11 39 61 320 361 370 373 376 377
Retained Earnings		 -0.72 -1.15 -3.69 -8.77 -7.97 -2.64 10 -154 -200 -256 -280

Quarterly Balance Sheets for GrowGeneration

This table presents GrowGeneration's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 277 230 219 200 164 161 160 140
Total Current Assets		 164 142 135 123 109 109 112 100
Cash & Equivalents		 31 31 28 27 33 23 27 22
Short-Term Investments		 35 30 28 28 20 25 21 19
Note & Lease Receivable		 0.00 0.22 0.84 1.11 1.06 0.91 0.83 0.50
Accounts Receivable		 8.35 7.83 9.66 10 6.94 10 13 14
Inventories, net		 76 66 61 48 42 42 40 37
Prepaid Expenses		 12 6.10 7.28 7.69 6.29 6.90 9.18 7.06
Current Deferred & Refundable Income Taxes		 0.48 0.21 0.18 0.20 0.18 0.31 0.31 0.06
Plant, Property, & Equipment, net		 29 25 24 21 13 12 11 9.03
Total Noncurrent Assets		 84 63 60 56 42 40 37 31
Goodwill		 17 7.53 7.53 7.53 1.61 1.61 2.05 2.08
Intangible Assets		 24 15 13 11 7.24 6.63 4.65 2.57
Other Noncurrent Operating Assets		 43 41 40 37 33 31 30 26
Total Liabilities & Shareholders' Equity		 277 230 219 200 164 161 160 140
Total Liabilities		 77 65 63 56 53 54 55 47
Total Current Liabilities		 40 29 29 25 25 27 29 25
Accounts Payable		 20 12 13 8.18 9.96 12 12 9.58
Accrued Expenses		 3.41 2.13 2.43 2.54 2.15 2.99 3.40 3.86
Current Deferred Revenue		 - - 3.01 2.63 - - - 2.64
Other Taxes Payable		 3.53 3.35 3.45 3.66 3.43 3.22 3.36 2.70
Other Current Liabilities		 8.37 7.59 7.63 7.52 7.02 7.00 6.78 5.83
Total Noncurrent Liabilities		 37 36 34 32 28 27 26 22
Other Noncurrent Operating Liabilities		 37 36 34 32 28 27 26 22
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 200 165 156 143 111 107 105 93
Total Preferred & Common Equity		 200 165 156 143 111 107 105 93
Total Common Equity		 200 165 156 143 111 107 105 93
Common Stock		 373 374 375 375 376 377 377 377
Retained Earnings		 -173 -209 -217 -232 -265 -270 -272 -285

Annual Metrics And Ratios for GrowGeneration

This table displays calculated financial ratios and metrics derived from GrowGeneration's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 11,053,548.00 16,438,521.00 27,497,517.00 36,707,607.00 48,980,111.00 59,807,922.00 60,929,095.00 61,311,293.00 - 59,843,443.00
DEI Adjusted Shares Outstanding		 0.00 11,053,548.00 16,438,521.00 27,497,517.00 36,707,607.00 48,980,111.00 59,807,922.00 60,929,095.00 61,311,293.00 - 59,843,443.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.04 -0.15 -0.18 0.04 0.11 0.21 -2.69 -0.76 - -0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 130.97% 79.99% 101.90% 174.94% 142.51% 118.49% -34.16% -18.80% -16.39% -14.36%
EBITDA Growth		 0.00% 26.77% -536.86% -17.82% 192.10% 325.56% 149.62% -647.94% 78.37% -0.29% 56.10%
EBIT Growth		 0.00% 18.99% -493.26% -63.81% 128.43% 625.15% 73.24% -1,230.74% 70.65% -5.96% 50.78%
NOPAT Growth		 0.00% 17.22% -569.15% -49.29% 153.14% 231.01% 140.38% -1,032.98% 70.31% -4.27% 50.77%
Net Income Growth		 0.00% 18.44% -489.59% -99.55% 126.06% 303.03% 139.98% -1,380.67% 71.61% -6.48% 51.43%
EPS Growth		 0.00% 37.50% -260.00% -22.22% 118.18% 175.00% 90.91% -1,380.95% 71.75% -7.89% 51.22%
Operating Cash Flow Growth		 0.00% -24.97% -140.01% 54.76% -116.74% 93.62% 2,522.07% 131.60% -88.11% -226.60% -425.13%
Free Cash Flow Firm Growth		 0.00% 0.00% -206.94% -170.13% -37.64% -362.04% -47.34% 120.40% -95.67% 587.34% -167.87%
Invested Capital Growth		 0.00% 96.65% 115.05% 181.68% 119.87% 246.74% 108.35% -50.21% -24.99% -41.31% -19.18%
Revenue Q/Q Growth		 0.00% 0.00% 9.77% 22.99% 25.74% 23.30% 7.28% -11.49% -2.17% -5.98% 0.24%
EBITDA Q/Q Growth		 0.00% 0.00% -95.12% -32.97% 134.02% 71.12% -20.72% -5.99% -61.10% 17.98% 44.82%
EBIT Q/Q Growth		 0.00% 0.00% -95.10% -26.13% 2,686.24% 84.14% -40.54% -5.26% -34.08% 7.41% 38.97%
NOPAT Q/Q Growth		 0.00% 0.00% -120.05% -17.25% 781.42% 10.94% -29.87% -5.49% -32.87% 7.40% 38.97%
Net Income Q/Q Growth		 0.00% 0.00% -94.96% -22.97% 2,144.13% 90.36% -30.50% -7.12% -36.07% 7.43% 39.84%
EPS Q/Q Growth		 0.00% 0.00% -100.00% 4.35% 233.33% 266.67% -36.36% -6.75% -38.18% 6.82% 40.30%
Operating Cash Flow Q/Q Growth		 0.00% 10.68% -12.88% 42.70% -71.55% -108.07% 352.27% -9.23% -70.73% 57.46% -52.99%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 7.90% -6.65% -608.35% 32.49% 210.91% 1,904.13% 35.22% -359.33%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.01% -8.53% 2.47% 143.60% 3.63% -9.46% -18.75% -27.64% -8.79%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.43% 21.83% 16.46% 16.54% 27.60% 26.10% 27.99% 25.26% 27.12% 23.15% 26.76%
EBITDA Margin		 -14.74% -4.67% -16.54% -9.65% 3.23% 5.67% 6.48% -53.95% -14.37% -17.23% -8.84%
Operating Margin		 -14.89% -5.34% -19.85% -14.67% 1.99% 4.36% 3.55% -60.35% -22.07% -27.52% -15.82%
EBIT Margin		 -15.22% -5.34% -17.59% -14.27% 1.48% 4.41% 3.50% -60.10% -21.72% -27.52% -15.82%
Profit (Net Income) Margin		 -15.30% -5.40% -17.70% -17.50% 1.66% 2.76% 3.03% -58.87% -20.58% -26.21% -14.87%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 62.11% 83.96% 98.27% 100.07% 100.32% 100.80%
Interest Burden Percent		 100.55% 101.23% 100.61% 122.56% 112.32% 100.52% 103.00% 99.67% 94.70% 94.94% 93.24%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 37.89% 16.04% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -23.48% -13.10% -41.99% -24.06% 5.42% 5.84% 5.86% -54.05% -27.59% -42.29% -31.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.73% 9.82% 25.05% 8.48% 7.55% 5.75% 5.72% 6.44% -10.62% -20.66% -19.16%
Return on Net Nonoperating Assets (RNNOA)		 -1.07% -2.00% -3.67% -2.90% -2.23% -2.96% -2.15% -1.68% 3.73% 8.55% 9.03%
Return on Equity (ROE)		 -24.55% -15.10% -45.66% -26.96% 3.19% 2.88% 3.72% -55.73% -23.86% -33.74% -22.10%
Cash Return on Invested Capital (CROIC)		 0.00% -78.26% -115.02% -119.26% -69.53% -104.62% -64.41% 12.99% 0.97% 9.77% -9.92%
Operating Return on Assets (OROA)		 -20.15% -12.08% -36.90% -18.34% 2.20% 4.01% 3.63% -44.42% -18.43% -25.15% -15.92%
Return on Assets (ROA)		 -20.26% -12.23% -37.13% -22.48% 2.47% 2.50% 3.14% -43.50% -17.46% -23.95% -14.96%
Return on Common Equity (ROCE)		 -24.55% -15.10% -45.66% -26.96% 3.19% 2.88% 3.72% -55.73% -23.86% -33.74% -22.10%
Return on Equity Simple (ROE_SIMPLE)		 -24.55% -12.12% -33.55% -16.88% 2.50% 1.68% 3.44% -75.67% 0.00% -41.23% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.36 -0.30 -2.00 -2.98 1.58 5.24 13 -118 -35 -36 -18
NOPAT Margin		 -10.43% -3.74% -13.89% -10.27% 1.99% 2.71% 2.98% -42.25% -15.45% -19.26% -11.07%
Net Nonoperating Expense Percent (NNEP)		 -27.21% -22.93% -67.04% -32.54% -2.14% 0.09% 0.15% -60.49% -16.96% -21.63% -11.97%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -54.29% -20.12% -30.29% -18.37%
Cost of Revenue to Revenue		 82.57% 78.17% 83.54% 83.46% 72.40% 73.90% 72.35% 75.37% 72.88% 76.82% 73.24%
SG&A Expenses to Revenue		 7.39% 23.76% 27.75% 23.47% 24.30% 20.48% 21.12% 32.87% 34.48% 36.77% 35.24%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 32.32% 27.17% 36.31% 31.21% 25.61% 21.74% 24.10% 84.99% 49.19% 50.70% 42.57%
Earnings before Interest and Taxes (EBIT)		 -0.53 -0.43 -2.53 -4.14 1.18 8.54 15 -167 -49 -52 -26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.51 -0.37 -2.38 -2.80 2.58 11 27 -150 -32 -33 -14
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 3.16 2.85 6.21 2.10 1.10 0.89 0.83 0.92
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 4.48 4.33 8.44 3.95 1.41 1.03 0.91 0.97
Price to Revenue (P/Rev)		 0.00 0.00 0.00 3.27 1.89 10.19 1.85 0.86 0.68 0.53 0.56
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 113.84 369.74 61.04 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.88% 0.27% 1.64% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 4.55 3.43 12.86 2.41 1.16 0.82 0.69 0.85
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 2.86 1.73 9.27 1.66 0.60 0.39 0.23 0.27
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 53.48 163.37 25.54 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 117.14 210.00 47.31 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 87.10 342.06 55.54 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 135.59 13.98 62.58 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.91 72.70 5.19 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.02 0.02 0.10 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.01 0.01 0.01 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.29 -0.20 -0.15 -0.34 -0.29 -0.51 -0.38 -0.26 -0.35 -0.41 -0.47
Leverage Ratio		 1.21 1.23 1.23 1.20 1.29 1.15 1.18 1.28 1.37 1.41 1.48
Compound Leverage Factor		 1.22 1.25 1.24 1.47 1.45 1.16 1.22 1.28 1.29 1.34 1.38
Debt to Total Capital		 3.59% 1.80% 1.61% 8.68% 0.66% 0.08% 0.04% 0.02% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 2.78% 0.65% 0.54% 1.33% 0.21% 0.03% 0.02% 0.02% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.81% 1.15% 1.07% 7.35% 0.46% 0.05% 0.02% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 96.41% 98.20% 98.39% 91.32% 99.34% 99.92% 99.96% 99.98% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.16 -0.17 -0.05 -1.02 0.14 0.02 0.01 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 1.22 1.45 0.46 4.21 -4.90 -16.19 -2.96 0.48 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.04 -0.11 -0.03 -0.86 0.09 0.01 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.22 -0.22 -0.06 -0.96 0.22 0.05 0.01 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 1.72 1.82 0.55 3.96 -7.98 -33.91 -6.43 0.61 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.05 -0.14 -0.04 -0.81 0.15 0.03 0.01 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 10.56 6.49 32.69 6.82 0.75 1.09 -0.23 -0.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.72 4.28 4.50 7.31 3.40 9.15 4.61 4.77 4.77 4.66 3.99
Quick Ratio		 1.68 1.18 1.17 4.54 1.40 6.74 1.90 2.28 2.39 2.67 2.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1.78 -5.47 -15 -20 -94 -138 28 1.22 8.41 -5.71
Operating Cash Flow to CapEx		 -447.60% -537.29% -288.90% -24.44% -28.57% -0.48% 27.53% 97.26% 22.09% -98.41% -1,863.31%
Free Cash Flow to Firm to Interest Expense		 0.00 -339.15 -356.37 -14.57 0.00 0.00 -3,217.73 1,344.36 12.61 120.11 0.00
Operating Cash Flow to Interest Expense		 -389.45 -270.27 -222.06 -1.52 0.00 0.00 119.98 568.95 14.65 -25.70 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -476.46 -320.58 -298.92 -7.74 0.00 0.00 -315.84 -16.00 -51.67 -51.81 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.32 2.26 2.10 1.28 1.49 0.91 1.04 0.74 0.85 0.91 1.01
Accounts Receivable Turnover		 92.00 37.22 27.50 38.26 41.79 56.42 87.64 39.52 26.22 23.24 17.94
Inventory Turnover		 2.18 3.21 3.35 3.60 3.79 3.78 3.83 2.30 2.32 2.76 3.00
Fixed Asset Turnover		 12.74 19.44 15.88 18.83 30.90 35.95 26.80 10.54 8.11 8.88 12.79
Accounts Payable Turnover		 9.77 13.33 14.02 16.77 14.72 13.84 19.31 12.80 12.02 14.65 14.00
Days Sales Outstanding (DSO)		 3.97 9.81 13.27 9.54 8.74 6.47 4.17 9.24 13.92 15.71 20.34
Days Inventory Outstanding (DIO)		 167.81 113.69 108.90 101.45 96.25 96.55 95.28 159.01 157.41 132.33 121.81
Days Payable Outstanding (DPO)		 37.37 27.38 26.03 21.77 24.80 26.37 18.90 28.52 30.37 24.92 26.07
Cash Conversion Cycle (CCC)		 134.41 96.12 96.14 89.22 80.19 76.65 80.55 139.73 140.97 123.12 116.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1.53 3.02 6.49 18 40 139 290 145 108 64 51
Invested Capital Turnover		 2.25 3.51 3.02 2.34 2.73 2.15 1.97 1.28 1.79 2.20 2.81
Increase / (Decrease) in Invested Capital		 0.00 1.48 3.47 12 22 99 151 -146 -36 -45 -12
Enterprise Value (EV)		 0.00 0.00 0.00 83 138 1,792 699 167 89 44 44
Market Capitalization		 0.00 0.00 0.00 95 151 1,970 780 239 154 100 90
Book Value per Share		 $0.33 $0.32 $0.46 $1.09 $1.44 $6.47 $6.21 $3.55 $2.83 $2.03 $1.63
Tangible Book Value per Share		 $0.29 $0.30 $0.42 $0.77 $0.95 $4.77 $3.30 $2.78 $2.44 $1.85 $1.54
Total Capital		 2.23 3.62 7.70 33 53 317 371 216 173 120 97
Total Debt		 0.08 0.07 0.12 2.86 0.35 0.24 0.16 0.05 0.00 0.00 0.00
Total Long-Term Debt		 0.02 0.04 0.08 2.42 0.24 0.16 0.07 0.00 0.00 0.00 0.00
Net Debt		 -0.62 -0.54 -1.09 -12 -13 -178 -81 -72 -65 -56 -46
Capital Expenditures (CapEx)		 0.25 0.26 1.18 6.31 12 45 19 12 6.43 1.83 0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.99 2.18 4.40 7.36 16 45 89 63 52 32 32
Debt-free Net Working Capital (DFNWC)		 1.69 2.79 5.61 22 29 223 170 135 117 89 78
Net Working Capital (NWC)		 1.63 2.76 5.57 22 29 223 170 135 117 89 78
Net Nonoperating Expense (NNE)		 0.17 0.13 0.55 2.09 0.26 -0.09 -0.19 46 12 13 6.14
Net Nonoperating Obligations (NNO)		 -0.62 -0.54 -1.09 -12 -13 -178 -81 -72 -65 -56 -46
Total Depreciation and Amortization (D&A)		 0.02 0.05 0.15 1.34 1.40 2.44 13 17 17 19 11
Debt-free, Cash-free Net Working Capital to Revenue		 28.73% 27.33% 30.63% 25.38% 20.25% 23.30% 21.00% 22.66% 22.82% 17.20% 19.60%
Debt-free Net Working Capital to Revenue		 48.97% 34.94% 39.09% 75.86% 36.53% 115.31% 40.22% 48.51% 51.58% 47.09% 48.08%
Net Working Capital to Revenue		 47.18% 34.64% 38.80% 74.35% 36.39% 115.26% 40.19% 48.49% 51.58% 47.09% 48.08%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) $0.00 ($0.18) ($0.22) $0.06 $0.12 $0.22 ($2.69) ($0.76) ($0.82) ($0.40)
Adjusted Weighted Average Basic Shares Outstanding		 6.56M 9.15M 19.33M 28.84M 32.83M 43.94M 59.22M 60.81M 61.18M 60.18M 59.67M
Adjusted Diluted Earnings per Share		 ($0.08) $0.00 ($0.18) ($0.22) $0.05 $0.11 $0.21 ($2.69) ($0.76) ($0.82) ($0.40)
Adjusted Weighted Average Diluted Shares Outstanding		 6.56M 9.15M 19.33M 28.84M 39.23M 46.46M 60.46M 60.81M 61.18M 60.18M 59.67M
Adjusted Basic & Diluted Earnings per Share		 ($0.08) $0.00 ($0.18) ($0.22) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 12.55M 14.51M 23.49M 38.14M 58.46M 60.70M 60.99M 61.50M 59.46M 60.09M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.36 -0.14 -1.24 -1.65 1.11 5.24 13 -28 -24 -32 -18
Normalized NOPAT Margin		 -10.43% -1.81% -8.64% -5.70% 1.39% 2.71% 2.98% -10.08% -10.59% -16.71% -11.02%
Pre Tax Income Margin		 -15.30% -5.40% -17.70% -17.50% 1.66% 4.44% 3.60% -59.90% -20.57% -26.13% -14.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -180.33 -81.13 -164.76 -4.09 0.00 0.00 343.86 -7,961.48 -505.80 -742.64 0.00
NOPAT to Interest Expense		 -123.54 -56.79 -130.08 -2.94 0.00 0.00 292.92 -5,595.83 -359.70 -519.72 0.00
EBIT Less CapEx to Interest Expense		 -267.34 -131.43 -241.62 -10.31 0.00 0.00 -91.95 -8,546.43 -572.12 -768.76 0.00
NOPAT Less CapEx to Interest Expense		 -210.55 -107.09 -206.95 -9.16 0.00 0.00 -142.90 -6,180.79 -426.02 -545.83 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -12.19% 0.00%

Quarterly Metrics And Ratios for GrowGeneration

This table displays calculated financial ratios and metrics derived from GrowGeneration's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 61,231,786.00 61,311,293.00 61,504,051.00 60,708,727.00 59,171,547.00 - 59,458,017.00 59,495,766.00 59,771,716.00 59,843,443.00 60,090,905.00
DEI Adjusted Shares Outstanding		 61,231,786.00 61,311,293.00 61,504,051.00 60,708,727.00 59,171,547.00 - 59,458,017.00 59,495,766.00 59,771,716.00 59,843,443.00 60,090,905.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.12 -0.45 -0.14 -0.10 -0.19 - -0.16 -0.08 -0.04 -0.12 -0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -21.41% -9.19% -15.73% -16.25% -10.19% -24.30% -25.44% -23.49% -5.50% 1.03% 7.53%
EBITDA Growth		 20.38% -105.63% -114.73% -14.89% -115.16% 29.78% -11.45% 11.07% 97.31% 68.97% 41.90%
EBIT Growth		 0.09% -79.84% -43.06% -2.64% -50.76% 14.80% -5.21% 19.16% 76.59% 68.27% 46.68%
NOPAT Growth		 0.79% -78.24% -27.12% -3.31% -50.57% 14.79% -4.69% 19.04% 76.49% 68.27% 46.68%
Net Income Growth		 -2.04% -82.23% -44.07% -3.46% -55.60% 14.54% -6.11% 18.40% 78.69% 68.21% 47.51%
EPS Growth		 0.00% -87.50% -40.00% -11.11% -58.33% 13.33% -14.29% 20.00% 78.95% 69.23% 50.00%
Operating Cash Flow Growth		 -155.31% -165.26% -205.47% -110.15% 125.45% 179.20% -5.02% -633.92% -142.61% -304.66% -31.84%
Free Cash Flow Firm Growth		 -82.08% -87.79% -82.52% 2.20% 80.07% 70.40% 36.03% 20.60% -20.20% -75.43% -91.73%
Invested Capital Growth		 -16.41% -24.99% -25.13% -26.59% -34.10% -41.31% -43.66% -41.87% -35.87% -19.18% -11.72%
Revenue Q/Q Growth		 -12.90% -11.18% -3.16% 11.79% -6.59% -25.14% -4.63% 14.73% 15.36% -19.96% 1.51%
EBITDA Q/Q Growth		 -31.60% -619.21% 76.45% 48.45% -146.44% -134.73% 62.63% 58.86% 92.54% -2,605.18% 30.01%
EBIT Q/Q Growth		 -26.70% -248.86% 66.59% 30.48% -86.10% -97.14% 58.75% 46.59% 46.11% -167.24% 30.68%
NOPAT Q/Q Growth		 -27.36% -249.80% 66.42% 30.94% -85.62% -97.96% 58.75% 46.59% 46.11% -167.24% 30.68%
Net Income Q/Q Growth		 -28.95% -271.67% 67.65% 33.28% -93.95% -104.13% 59.83% 48.69% 49.35% -204.51% 33.67%
EPS Q/Q Growth		 -33.33% -275.00% 68.89% 28.57% -90.00% -105.26% 58.97% 50.00% 50.00% -200.00% 33.33%
Operating Cash Flow Q/Q Growth		 -217.34% 70.53% -168.88% 89.08% 394.22% -8.28% -456.52% 23.71% 82.92% -340.48% -129.66%
Free Cash Flow Firm Q/Q Growth		 -33.43% -20.02% 71.97% 11.62% 17.30% -24.32% 37.28% -1.03% -22.39% -76.70% -53.79%
Invested Capital Q/Q Growth		 -1.83% -18.75% -4.10% -4.03% -11.87% -27.64% -7.95% -0.97% -2.79% -8.79% 0.54%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.07% 23.76% 25.82% 26.94% 21.62% 16.37% 27.19% 28.30% 27.00% 24.37% 25.37%
EBITDA Margin		 -5.98% -48.46% -11.78% -5.43% -14.34% -44.95% -17.61% -6.32% -0.41% -13.80% -9.52%
Operating Margin		 -14.42% -56.80% -19.70% -12.17% -24.18% -63.94% -27.66% -12.88% -6.01% -20.08% -13.71%
EBIT Margin		 -14.46% -56.81% -19.60% -12.19% -24.28% -63.94% -27.66% -12.88% -6.01% -20.08% -13.71%
Profit (Net Income) Margin		 -13.20% -55.23% -18.45% -11.01% -22.87% -62.35% -26.26% -11.74% -5.16% -19.62% -12.82%
Tax Burden Percent		 100.00% 99.78% 99.98% 101.64% 99.63% 100.46% 100.00% 100.00% 100.08% 102.61% 99.62%
Interest Burden Percent		 91.26% 97.44% 94.18% 88.92% 94.54% 97.07% 94.97% 91.22% 85.68% 95.22% 93.85%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -15.91% -71.01% -24.63% -14.93% -30.72% -98.25% -42.08% -18.75% -9.41% -39.52% -28.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 -13.39% -59.82% -21.28% -12.81% -25.84% -87.40% -37.75% -16.61% -8.55% -35.41% -25.98%
Return on Net Nonoperating Assets (RNNOA)		 4.28% 21.00% 7.53% 4.48% 9.17% 36.16% 15.55% 6.62% 3.57% 16.68% 11.94%
Return on Equity (ROE)		 -11.63% -50.01% -17.10% -10.45% -21.54% -62.09% -26.53% -12.12% -5.84% -22.83% -16.69%
Cash Return on Invested Capital (CROIC)		 -0.05% 0.97% -1.16% -0.26% 5.62% 9.77% 10.71% 7.55% 3.05% -9.92% -14.17%
Operating Return on Assets (OROA)		 -11.43% -48.19% -16.57% -10.07% -20.46% -58.41% -24.76% -11.13% -5.40% -20.21% -14.84%
Return on Assets (ROA)		 -10.43% -46.86% -15.61% -9.10% -19.27% -56.97% -23.52% -10.15% -4.63% -19.75% -13.88%
Return on Common Equity (ROCE)		 -11.63% -50.01% -17.10% -10.45% -21.54% -62.09% -26.53% -12.12% -5.84% -22.83% -16.69%
Return on Equity Simple (ROE_SIMPLE)		 -17.08% 0.00% -29.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.62 -20 -6.60 -4.56 -8.46 -17 -6.91 -3.69 -1.99 -5.32 -3.69
NOPAT Margin		 -10.10% -39.76% -13.79% -8.52% -16.93% -44.76% -19.36% -9.01% -4.21% -14.06% -9.60%
Net Nonoperating Expense Percent (NNEP)		 -2.51% -11.18% -3.36% -2.11% -4.88% -10.85% -4.33% -2.14% -0.86% -4.11% -2.64%
Return On Investment Capital (ROIC_SIMPLE)		 - -11.34% -3.99% -2.93% -5.91% -13.95% -6.22% -3.46% -1.90% -5.45% -3.97%
Cost of Revenue to Revenue		 71.39% 75.08% 73.16% 73.07% 78.93% 84.04% 72.81% 72.09% 73.00% 74.96% 74.63%
SG&A Expenses to Revenue		 34.56% 39.78% 38.72% 32.34% 34.87% 43.14% 44.55% 34.22% 27.41% 37.35% 34.71%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 43.04% 81.72% 46.53% 39.09% 45.25% 79.90% 54.84% 40.78% 33.01% 45.12% 39.08%
Earnings before Interest and Taxes (EBIT)		 -8.05 -28 -9.39 -6.52 -12 -24 -9.87 -5.27 -2.84 -7.60 -5.27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.33 -24 -5.64 -2.91 -7.17 -17 -6.29 -2.59 -0.19 -5.22 -3.65
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.89 0.89 1.06 0.84 0.88 0.83 0.58 0.52 1.07 0.92 0.71
Price to Tangible Book Value (P/TBV)		 1.13 1.03 1.23 0.96 1.01 0.91 0.63 0.56 1.14 0.97 0.75
Price to Revenue (P/Rev)		 0.77 0.68 0.81 0.63 0.63 0.53 0.36 0.34 0.69 0.56 0.40
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.82 1.10 0.75 0.81 0.69 0.20 0.12 1.13 0.85 0.48
Enterprise Value to Revenue (EV/Rev)		 0.49 0.39 0.53 0.36 0.35 0.23 0.07 0.04 0.39 0.27 0.15
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.11 62.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 72.70 0.00 0.00 11.39 5.19 1.34 1.16 28.84 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.32 -0.35 -0.35 -0.35 -0.36 -0.41 -0.41 -0.40 -0.42 -0.47 -0.46
Leverage Ratio		 1.36 1.37 1.36 1.38 1.39 1.41 1.43 1.45 1.45 1.48 1.49
Compound Leverage Factor		 1.24 1.33 1.29 1.23 1.31 1.37 1.36 1.32 1.24 1.41 1.40
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.79 1.38 1.74 1.27 1.10 0.30 -0.04 -0.21 0.41 -0.01 -0.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.05 4.77 4.83 4.61 5.00 4.66 4.38 4.00 3.81 3.99 4.05
Quick Ratio		 1.85 2.39 2.36 2.28 2.72 2.67 2.43 2.20 2.12 2.20 2.26
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 21 16 28 32 37 28 38 38 30 6.89 3.18
Operating Cash Flow to CapEx		 -1,015.89% -201.49% -1,027.04% -40.00% 293.48% 1,359.49% -1,724.77% -5,961.22% -339.46% -2,469.66% -16,826.67%
Free Cash Flow to Firm to Interest Expense		 20,571.00 180.79 505.23 2,255.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -4,602.00 -14.90 -65.11 -28.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -5,055.00 -22.30 -71.45 -99.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.79 0.85 0.85 0.83 0.84 0.91 0.90 0.86 0.90 1.01 1.08
Accounts Receivable Turnover		 24.96 26.22 28.17 24.33 21.51 23.24 23.93 16.34 13.85 17.94 15.71
Inventory Turnover		 2.11 2.32 2.26 2.21 2.45 2.76 2.52 2.47 2.76 3.00 3.06
Fixed Asset Turnover		 7.85 8.11 7.80 7.50 8.02 8.88 9.21 9.03 10.09 12.79 14.92
Accounts Payable Turnover		 9.57 12.02 11.49 9.93 10.68 14.65 12.18 10.41 12.30 14.00 12.40
Days Sales Outstanding (DSO)		 14.62 13.92 12.96 15.00 16.97 15.71 15.25 22.34 26.36 20.34 23.24
Days Inventory Outstanding (DIO)		 173.17 157.41 161.77 164.90 149.18 132.33 145.03 147.64 132.41 121.81 119.16
Days Payable Outstanding (DPO)		 38.14 30.37 31.76 36.75 34.17 24.92 29.97 35.06 29.68 26.07 29.44
Cash Conversion Cycle (CCC)		 149.66 140.97 142.96 143.15 131.98 123.12 130.31 134.92 129.09 116.09 112.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 133 108 104 100 88 64 59 58 56 51 52
Invested Capital Turnover		 1.58 1.79 1.79 1.75 1.81 2.20 2.17 2.08 2.24 2.81 2.98
Increase / (Decrease) in Invested Capital		 -26 -36 -35 -36 -46 -45 -45 -42 -32 -12 -6.87
Enterprise Value (EV)		 112 89 115 75 71 44 12 6.93 63 44 25
Market Capitalization		 179 154 176 131 126 100 64 56 112 90 66
Book Value per Share		 $3.27 $2.83 $2.69 $2.57 $2.42 $2.03 $1.87 $1.79 $1.75 $1.63 $1.54
Tangible Book Value per Share		 $2.59 $2.44 $2.33 $2.23 $2.10 $1.85 $1.72 $1.66 $1.64 $1.54 $1.47
Total Capital		 200 173 165 156 143 120 111 107 105 97 93
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -67 -65 -61 -56 -55 -56 -53 -49 -48 -46 -41
Capital Expenditures (CapEx)		 0.45 0.67 0.36 1.00 0.40 0.08 0.22 0.05 0.15 0.09 0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 57 52 51 49 43 32 32 33 34 32 34
Debt-free Net Working Capital (DFNWC)		 123 117 112 105 98 89 84 82 82 78 75
Net Working Capital (NWC)		 123 117 112 105 98 89 84 82 82 78 75
Net Nonoperating Expense (NNE)		 1.73 7.65 2.23 1.34 2.97 6.59 2.47 1.12 0.45 2.10 1.24
Net Nonoperating Obligations (NNO)		 -67 -65 -61 -56 -55 -56 -53 -49 -48 -46 -41
Total Depreciation and Amortization (D&A)		 4.72 4.13 3.74 3.62 4.97 7.11 3.59 2.69 2.65 2.37 1.61
Debt-free, Cash-free Net Working Capital to Revenue		 24.57% 22.82% 23.53% 23.91% 21.31% 17.20% 17.93% 20.12% 21.17% 19.60% 20.65%
Debt-free Net Working Capital to Revenue		 53.43% 51.58% 51.80% 51.01% 48.80% 47.09% 47.68% 49.80% 51.11% 48.08% 45.66%
Net Working Capital to Revenue		 53.43% 51.58% 51.80% 51.01% 48.80% 47.09% 47.68% 49.80% 51.11% 48.08% 45.66%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.12) ($0.45) ($0.14) ($0.10) ($0.19) ($0.39) ($0.16) ($0.08) ($0.04) ($0.12) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 61.27M 61.18M 61.50M 60.68M 59.27M 60.18M 59.44M 59.55M 59.78M 59.67M 60.09M
Adjusted Diluted Earnings per Share		 ($0.12) ($0.45) ($0.14) ($0.10) ($0.19) ($0.39) ($0.16) ($0.08) ($0.04) ($0.12) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 61.27M 61.18M 61.50M 60.68M 59.27M 60.18M 59.44M 59.55M 59.78M 59.67M 60.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 61.31M 61.50M 60.71M 59.17M 59.24M 59.46M 59.50M 59.77M 59.84M 60.09M 60.09M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.62 -20 -6.60 -4.56 -8.31 -17 -6.91 -3.69 -1.99 -5.32 -3.69
Normalized NOPAT Margin		 -10.10% -39.76% -13.79% -8.52% -16.62% -44.76% -19.36% -9.01% -4.21% -14.06% -9.60%
Pre Tax Income Margin		 -13.20% -55.36% -18.46% -10.84% -22.95% -62.06% -26.26% -11.74% -5.15% -19.12% -12.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -8,053.00 -308.73 -167.59 -466.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -5,621.00 -216.07 -117.90 -325.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -8,506.00 -316.12 -173.93 -537.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -6,074.00 -223.46 -124.24 -396.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -8.48% -11.29% -12.19% 0.00% -3.77% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

GrowGeneration’s latest quarter shows a business that is still unprofitable, but the balance sheet remains relatively solid thanks to substantial cash and investment holdings. Revenue in Q1 2026 was $38.4 million, down slightly from $37.8 million in Q4 2025 and well below the ~$47 million to $56 million range seen in parts of 2025 and 2024. The company posted a net loss of $4.9 million, an improvement from a $7.4 million loss in the prior quarter and a much smaller loss than the $9.4 million loss in Q1 2025.

One encouraging sign is that the company continues to maintain liquidity. As of March 31, 2026, GrowGeneration had $21.7 million in cash and equivalents and $19.4 million in short-term investments, for a combined $41.1 million in near-term liquid assets. Total current assets were $99.7 million versus current liabilities of $24.6 million, which suggests the company can cover its near-term obligations.

That said, profitability and cash generation remain major concerns. Q1 2026 operating loss was $5.3 million, and operating cash flow was negative $5.0 million. The company also burned another $8.7 million in total cash during the quarter, even though investing activity was less aggressive than in some earlier periods.

Over the past several years, the trend has been clear: GrowGeneration has been shrinking losses from the very difficult 2023-2024 period, but it has not yet reached consistent profitability. Revenue has generally trended lower from the $50 million to $56 million quarterly range in 2023-2024 to the high-$30 million to mid-$40 million range in 2025-2026. At the same time, net losses have improved materially from the very large losses posted in late 2023 and 2024.

  • Strong liquidity position: Q1 2026 cash and short-term investments totaled about $41.1 million, giving the company room to operate.
  • Current assets exceed current liabilities: Current assets of $99.7 million versus current liabilities of $24.6 million indicate a comfortable short-term liquidity cushion.
  • Losses are improving year over year: Q1 2026 net loss of $4.9 million was narrower than the $9.4 million loss in Q1 2025.
  • Operating losses have come down from prior periods: Q1 2026 operating loss of $5.3 million is better than the much deeper losses seen in 2023 and 2024.
  • Inventory is lower than earlier peaks: Inventory fell to $37.0 million from $42.1 million in Q1 2025 and much higher levels in 2024, which may help reduce working capital pressure.
  • Revenue stabilized quarter over quarter: Q1 2026 revenue of $38.4 million was roughly in line with Q4 2025, though still below earlier-year levels.
  • Non-cash income remains meaningful: Interest and investment income provided a modest boost, helping offset losses at the pre-tax line.
  • Debt appears limited: The balance sheet shows no obvious heavy debt burden in the reported current quarter data.
  • The company is still burning cash: Operating cash flow was negative $5.0 million in Q1 2026, and total cash declined by $8.7 million.
  • Still not profitable: GrowGeneration continues to post quarterly net losses, showing the turnaround is not complete.
  • Revenue remains below historical levels: Sales are meaningfully lower than the $50 million+ quarter range seen in 2023-2024, which points to a smaller operating base.

Bottom line: GrowGeneration looks financially stable enough in the near term, but investors should focus on whether management can translate its improved cost structure into sustained revenue growth and positive operating cash flow. Until that happens, the stock likely remains a turnaround story rather than a proven growth compounder.

07/26/26 09:36 AM ETAI Generated. May Contain Errors.

GrowGeneration Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GrowGeneration's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

GrowGeneration's net income appears to be on an upward trend, with a most recent value of -$24.05 million in 2025, rising from -$528.76 thousand in 2015. The previous period was -$49.51 million in 2024. Find out what analysts predict for GrowGeneration in the coming months.

GrowGeneration's total operating income in 2025 was -$25.59 million, based on the following breakdown:
  • Total Gross Profit: $43.28 million
  • Total Operating Expenses: $68.86 million

Over the last 10 years, GrowGeneration's total revenue changed from $3.46 million in 2015 to $161.74 million in 2025, a change of 4,581.2%.

GrowGeneration's total liabilities were at $49.54 million at the end of 2025, a 8.7% decrease from 2024, and a 10,747.9% increase since 2015.

In the past 10 years, GrowGeneration's cash and equivalents has ranged from $606.64 thousand in 2016 to $177.91 million in 2020, and is currently $30.41 million as of their latest financial filing in 2025.

Over the last 10 years, GrowGeneration's book value per share changed from 0.33 in 2015 to 1.63 in 2025, a change of 396.6%.


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Financial statements for NASDAQ:GRWG last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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