NASDAQ : GRWG
GrowGeneration Corp. — Financial statements
Consumer Discretionary · Specialty Retail · United States
Last price 1.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 88.38M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
GrowGeneration Corp. (GRWG) reported revenue of 166.68M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 166.68M | 161.74M | 188.87M | 225.88M | 278.17M | 422.49M |
| Cost of Revenue | 122.65M | 118.47M | 144.10M | 164.62M | 207.90M | 304.25M |
| Gross Profit | 44.03M | 43.27M | 44.77M | 61.26M | 70.26M | 118.24M |
| Selling, General & Admin | 53.00M | 55.86M | 68.39M | 77.88M | 91.24M | 88.51M |
| Operating Expenses | 62.53M | 67.59M | 82.47M | 95.44M | 110.11M | 102.54M |
| Operating Income | -18.49M | -24.31M | -37.70M | -34.19M | -39.84M | 15.70M |
| Interest Expense | -70.00K | -97.00K | -21.00K | -43.00K | ||
| Interest & Investment Income | 1.44M | 1.73M | 2.70M | 2.70M | 580.00K | 486.00K |
| Other Non Operating Income (Expenses) | 37.00K | 781.00K | 684.00K | -216.00K | ||
| EBT Excluding Unusual Items | -17.05M | -22.58M | -35.03M | -30.80M | -38.60M | 15.93M |
| Merger & Restructuring Charges | 800.00K | -1.14M | -7.67M | -200.00K | -700.00K | |
| Asset Writedown | -130.00K | -130.00K | -6.66M | -15.66M | -127.83M | |
| Other Unusual Items | -220.00K | |||||
| Pretax Income | -16.60M | -23.86M | -49.35M | -46.46M | -166.63M | 15.23M |
| Income Tax Expense | 191.00K | 191.00K | 158.00K | 32.00K | -2.88M | 2.44M |
| Net Income | -16.79M | -24.05M | -49.51M | -46.50M | -163.75M | 12.79M |
| Net Income to Common | -16.79M | -24.05M | -49.51M | -46.50M | -163.75M | 12.79M |
| Shares Outstanding (Basic) | 59.90M | 59.67M | 60.18M | 61.18M | 60.81M | 59.22M |
| Shares Outstanding (Diluted) | 59.90M | 59.67M | 60.18M | 61.18M | 60.81M | 60.46M |
| EPS (Basic) | -0.28 | -0.40 | -0.82 | -0.76 | -2.69 | 0.22 |
| EPS (Diluted) | -0.28 | -0.40 | -0.82 | -0.76 | -2.69 | 0.21 |
| Free Cash Flow | -7.34M | -9.98M | -3.78M | -5.28M | -948.00K | -13.58M |
| Free Cash Flow Per Share | -0.12 | -0.17 | -0.06 | -0.09 | -0.02 | -0.23 |
| Gross Margin | 26.42% | 26.76% | 23.71% | 27.12% | 25.26% | 27.99% |
| Operating Margin | -11.09% | -15.03% | -19.96% | -15.13% | -14.32% | 3.72% |
| Profit Margin | -10.08% | -14.87% | -26.21% | -20.58% | -58.87% | 3.03% |
| Free Cash Flow Margin | -4.40% | -6.17% | -2.00% | -2.34% | -0.34% | -3.21% |
| EBITDA | -9.55M | -13.02M | -23.57M | -17.58M | -22.71M | 28.30M |
| EBITDA Margin | -5.73% | -8.05% | -12.48% | -7.78% | -8.16% | 6.70% |
| D&A For EBITDA | 8.94M | 11.29M | 14.14M | 16.61M | 17.13M | 12.60M |
| EBIT | -18.49M | -24.31M | -37.70M | -34.19M | -39.84M | 15.70M |
| EBIT Margin | -11.09% | -15.03% | -19.96% | -15.13% | -14.32% | 3.72% |
| Effective Tax Rate | 16.04% | |||||
| Advertising Expenses | 1.60M | 2.00M | 1.80M | 4.00M | 4.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.46M | 30.41M | 27.47M | 29.76M | 40.05M | 41.37M |
| Short-Term Investments | 17.55M | 15.66M | 28.98M | 35.21M | 31.85M | 39.79M |
| Cash & Short-Term Investments | 41.01M | 46.06M | 56.45M | 64.97M | 71.91M | 81.17M |
| Accounts Receivable | 15.26M | 10.67M | 7.36M | 8.89M | 8.34M | 5.74M |
| Receivables | 15.55M | 11.18M | 8.42M | 9.09M | 9.55M | 8.18M |
| Inventory | 35.30M | 38.78M | 40.30M | 64.91M | 77.09M | 105.57M |
| Prepaid Expenses | 7.75M | 7.67M | 7.90M | 7.97M | 6.46M | 16.12M |
| Other Current Assets | 60.00K | 145.00K | 516.00K | 5.68M | 5.86M | |
| Total Current Assets | 99.61M | 103.75M | 113.21M | 147.45M | 170.68M | 216.89M |
| Property, Plant & Equipment | 30.30M | 36.84M | 49.95M | 66.98M | 75.10M | 67.85M |
| Goodwill | 2.08M | 2.08M | 1.60M | 7.53M | 15.98M | 125.40M |
| Other Intangible Assets | 2.01M | 3.33M | 8.78M | 16.18M | 30.88M | 48.40M |
| Other Long-Term Assets | 2.64M | 1.04M | 814.00K | 843.00K | 803.00K | 800.00K |
| Total Assets | 136.64M | 147.04M | 174.35M | 239.09M | 293.44M | 459.34M |
| Accounts Payable | 10.76M | 8.78M | 8.15M | 11.67M | 15.73M | 17.03M |
| Accrued Expenses | 7.02M | 6.73M | 6.33M | 5.88M | 7.55M | 11.41M |
| Current Portion of Long-Term Debt | 50.00K | 92.00K | ||||
| Current Portion of Leases | 5.57M | 6.46M | 7.40M | 8.02M | 8.13M | 6.86M |
| Current Unearned Revenue | 2.26M | 4.01M | 2.40M | 5.36M | 4.34M | 11.69M |
| Total Current Liabilities | 25.61M | 25.98M | 24.27M | 30.93M | 35.79M | 47.08M |
| Long-Term Debt | 66.00K | |||||
| Long-Term Leases | 20.50M | 23.02M | 29.63M | 34.45M | 40.66M | 38.55M |
| Long-Term Deferred Tax Liabilities | 2.36M | |||||
| Other Long-Term Liabilities | 503.00K | 544.00K | 352.00K | 317.00K | 593.00K | |
| Total Liabilities | 46.61M | 49.54M | 54.26M | 65.69M | 77.05M | 88.05M |
| Common Stock | 60.00K | 60.00K | 59.00K | 61.00K | 61.00K | 60.00K |
| Additional Paid-In Capital | 377.60M | 377.13M | 375.68M | 373.43M | 369.94M | 361.09M |
| Retained Earnings | -286.62M | -279.69M | -255.64M | -200.10M | -153.60M | 10.14M |
| Shareholders' Equity | 90.03M | 97.50M | 120.09M | 173.40M | 216.40M | 371.29M |
| Total Liabilities & Equity | 136.64M | 147.04M | 174.35M | 239.09M | 293.44M | 459.34M |
| Total Debt | 26.07M | 29.48M | 37.03M | 42.47M | 48.84M | 45.56M |
| Net Cash (Debt) | 14.95M | 16.59M | 19.42M | 22.50M | 23.07M | 35.60M |
| Net Cash Per Share | 0.25 | 0.28 | 0.32 | 0.37 | 0.38 | 0.59 |
| Filing Date Shares Outstanding | 58.92M | 60.09M | 59.46M | 61.50M | 60.99M | 60.70M |
| Total Common Shares Outstanding | 59.56M | 60.09M | 59.40M | 61.48M | 61.01M | 59.93M |
| Working Capital | 73.99M | 77.77M | 88.93M | 116.52M | 134.89M | 169.81M |
| Book Value Per Share | 1.51 | 1.62 | 2.02 | 2.82 | 3.55 | 6.20 |
| Tangible Book Value | 85.94M | 92.09M | 109.71M | 149.69M | 169.54M | 197.49M |
| Tangible Book Value Per Share | 1.44 | 1.53 | 1.85 | 2.43 | 2.78 | 3.30 |
| Buildings | 1.99M | 2.12M | 2.12M | 2.12M | 1.19M | |
| Machinery | 13.31M | 14.21M | 15.60M | 16.92M | 15.37M | 13.25M |
| Construction In Progress | 10.00K | 58.00K | 49.00K | 9.57M | 2.95M | |
| Leasehold Improvements | 9.91M | 10.31M | 12.09M | 11.92M | 12.56M | 9.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -16.79M | -24.05M | -49.51M | -46.50M | -163.75M | 12.79M |
| Depreciation & Amortization | 8.94M | 11.29M | 14.14M | 16.61M | 17.13M | 12.60M |
| Loss (Gain) From Sale of Assets | 99.00K | 773.00K | 685.00K | 218.00K | 568.00K | 198.00K |
| Asset Writedown & Restructuring Costs | -450.00K | 130.00K | 12.18M | 15.66M | 127.83M | |
| Loss (Gain) From Sale of Investments | -696.00K | -796.00K | -1.33M | -1.44M | ||
| Stock-Based Compensation | 1.22M | 1.51M | 2.42M | 3.17M | 4.97M | 6.58M |
| Provision & Write-off of Bad Debts | 585.00K | 437.00K | -58.00K | 955.00K | 1.74M | 1.43M |
| Other Operating Activities | -2.36M | 1.61M | ||||
| Change in Accounts Receivable | -4.80M | -3.19M | 835.00K | -300.00K | -3.11M | -1.90M |
| Change in Inventory | 6.44M | 1.79M | 24.56M | 13.77M | 32.89M | -34.69M |
| Change in Accounts Payable | 79.00K | 1.51M | -3.71M | -3.04M | -3.36M | 3.29M |
| Change in Unearned Revenue | -188.00K | 1.59M | -2.96M | 1.02M | -8.59M | 6.36M |
| Change in Other Net Operating Assets | -1.24M | -458.00K | 953.00K | 1.29M | 7.98M | -3.11M |
| Operating Cash Flow | -6.80M | -9.45M | -1.80M | 1.42M | 11.95M | 5.16M |
| Capital Expenditures | -533.00K | -536.00K | -1.98M | -6.70M | -12.90M | -18.74M |
| Sale of Property, Plant & Equipment | 116.00K | 29.00K | 150.00K | 265.00K | 612.00K | |
| Cash Acquisitions | -1.01M | -3.05M | -7.23M | -80.78M | ||
| Investment in Securities | 8.54M | 14.12M | 7.55M | -1.92M | 7.94M | -39.79M |
| Investing Cash Flow | 8.12M | 12.60M | 5.73M | -11.40M | -11.57M | -139.32M |
| Long-Term Debt Repaid | -50.00K | -108.00K | -83.00K | |||
| Net Debt Issued (Repaid) | -50.00K | -108.00K | -83.00K | |||
| Issuance of Common Stock | 33.00K | 2.09M | ||||
| Repurchase of Common Stock | -1.17M | -220.00K | -6.21M | -263.00K | -1.62M | -4.39M |
| Financing Cash Flow | -1.17M | -220.00K | -6.21M | -313.00K | -1.69M | -2.38M |
| Net Cash Flow | 151.00K | 2.94M | -2.29M | -10.30M | -1.32M | -136.54M |
| Free Cash Flow | -7.34M | -9.98M | -3.78M | -5.28M | -948.00K | -13.58M |
| Free Cash Flow Margin | -4.40% | -6.17% | -2.00% | -2.34% | -0.34% | -3.21% |
| Free Cash Flow Per Share | -0.12 | -0.17 | -0.06 | -0.09 | -0.02 | -0.23 |
| Levered Free Cash Flow | -466.12K | -1.21M | 10.67M | 3.24M | 8.72M | -37.32M |
| Unlevered Free Cash Flow | -466.12K | -1.21M | 10.71M | 3.30M | 8.74M | -37.29M |
| Cash Interest Paid | 70.00K | 98.00K | 21.00K | 43.00K | ||
| Cash Income Tax Paid | 6.07M | |||||
| Change in Working Capital | 293.00K | 1.25M | 19.68M | 12.74M | 25.82M | -30.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 88.97M | 89.77M | 100.12M | 153.89M | 238.84M | 780.49M |
| Enterprise Value | 74.02M | 73.37M | 84.04M | 132.04M | 214.43M | 725.26M |
| Last Close Price | 1.50 | 1.50 | 1.69 | 2.51 | 3.92 | 13.05 |
| PE Ratio | 61.04 | |||||
| Forward PE | 45.18 | 45.18 | 45.18 | 45.18 | 59.62 | |
| PS Ratio | 0.53 | 0.56 | 0.53 | 0.68 | 0.86 | 1.85 |
| PB Ratio | 0.99 | 0.92 | 0.83 | 0.89 | 1.10 | 2.10 |
| P/TBV Ratio | 1.03 | 0.97 | 0.91 | 1.03 | 1.41 | 3.95 |
| P/OCF Ratio | 108.30 | 19.99 | 151.29 | |||
| PEG Ratio | 1.81 | 1.81 | 1.81 | 1.81 | 2.98 | |
| EV/Sales Ratio | 0.44 | 0.45 | 0.45 | 0.58 | 0.77 | 1.72 |
| EV/EBITDA Ratio | 25.63 | |||||
| EV/EBIT Ratio | 46.19 | |||||
| Debt / Equity Ratio | 0.29 | 0.30 | 0.31 | 0.24 | 0.23 | 0.12 |
| Debt / EBITDA Ratio | 1.17 | |||||
| Net Debt / Equity Ratio | -0.17 | -0.17 | -0.16 | -0.13 | -0.11 | -0.10 |
| Net Debt / EBITDA Ratio | 1.56 | 1.27 | 0.82 | 1.28 | 1.02 | -1.26 |
| Net Debt / FCF Ratio | 2.04 | 1.66 | 5.14 | 4.26 | 24.33 | 2.62 |
| Asset Turnover | 1.12 | 1.01 | 0.91 | 0.85 | 0.74 | 1.04 |
| Inventory Turnover | 3.18 | 3.00 | 2.74 | 2.32 | 2.28 | 3.81 |
| Quick Ratio | 2.20 | 2.18 | 2.63 | 2.39 | 2.24 | 1.85 |
| Current Ratio | 3.89 | 3.99 | 4.66 | 4.77 | 4.77 | 4.61 |
| Return on Equity (ROE) | -17.07% | -22.10% | -33.74% | -23.86% | -55.73% | 3.72% |
| Return on Assets (ROA) | -7.78% | -9.46% | -11.40% | -8.02% | -6.62% | 2.41% |
| Return on Invested Capital (ROIC) | -23.98% | -26.78% | -29.97% | -19.86% | -15.06% | 5.41% |
| Return on Capital Employed (ROCE) | -16.70% | -20.10% | -25.10% | -16.40% | -15.50% | 3.80% |
| Earnings Yield | -18.57% | -26.79% | -49.45% | -30.21% | -68.56% | 1.64% |
| FCF Yield | -8.30% | -11.12% | -3.77% | -3.43% | -0.40% | -1.74% |
| Buyback Yield / Dilution | -0.87% | 0.84% | 1.64% | -0.60% | -0.58% | -30.15% |