GrowGeneration Corp.GRWGEarnings & Financial Report
Nasdaq
NextMar 13, 2026
GRWG Q3 2025 Key Financial Metrics
Revenue
$47.3M
Gross Profit
$12.9M
Operating Profit
$-2.8M
Net Profit
$-2.4M
Gross Margin
27.2%
Operating Margin
-6.0%
Net Margin
-5.2%
YoY Growth
-5.5%
EPS
$-0.04
Financial Flow
GrowGeneration Corp. Q3 2025 Financial Summary
GrowGeneration Corp. reported revenue of $47.3M for Q3 2025, with a net profit of $-2.4M (-5.2% margin). Cost of goods sold was $34.4M, operating expenses totaled $15.7M.
Key Financial Metrics
| Total Revenue | $47.3M |
|---|---|
| Net Profit | $-2.4M |
| Gross Margin | 27.2% |
| Operating Margin | -6.0% |
| Report Period | Q3 2025 |
GrowGeneration Corp. Annual Revenue by Year
GrowGeneration Corp. annual revenue history includes year-by-year totals (for example, 2024 revenue was $188.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $188.9M |
| 2023 | $225.9M |
| 2022 | $278.2M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49.5M | $47.9M | $53.5M | $50.0M | $37.4M | $35.7M | $41.0M | $47.3M |
| YoY Growth | -9.2% | -15.7% | -16.3% | -10.2% | -24.3% | -25.4% | -23.5% | -5.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $239.1M | $230.4M | $219.2M | $199.6M | $174.4M | $164.2M | $160.6M | $159.6M |
| Liabilities | $65.7M | $65.1M | $63.4M | $56.5M | $54.3M | $53.1M | $53.9M | $54.9M |
| Equity | $173.4M | $165.3M | $155.8M | $143.2M | $120.1M | $111.2M | $106.7M | $104.7M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.4M | $-3.7M | $-368000 | $1.2M | $1.1M | $-3.8M | $-2.9M | $-499000 |