GrowGeneration Corp.GRWGEarnings & Financial Report
GrowGeneration Corp is a leading U.S.-based specialty retailer of hydroponics and organic gardening supplies. It offers a full portfolio of products including grow lights, nutrient solutions, climate control systems and cultivation tools, serving both commercial indoor farming operators (including legal cannabis cultivators) and hobbyist home gardeners via its nationwide physical store network and e-commerce channels.
GRWG Q4 FY2025 Key Financial Metrics
Revenue
$37.8M
Gross Profit
$9.1M
Operating Profit
$-7.6M
Net Profit
$-7.4M
Gross Margin
24.1%
Operating Margin
-20.1%
Net Margin
-19.6%
YoY Growth
1.0%
EPS
$-0.12
GrowGeneration Corp. Q4 FY2025 Financial Summary
GrowGeneration Corp. reported revenue of $37.8M (up 1.0% YoY) for Q4 FY2025, with a net profit of $-7.4M (up 68.2% YoY) (-19.6% margin). Cost of goods sold was $28.7M, operating expenses totaled $16.7M.
Key Financial Metrics
| Total Revenue | $37.8M |
|---|---|
| Net Profit | $-7.4M |
| Gross Margin | 24.1% |
| Operating Margin | -20.1% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
GrowGeneration Corp. Q4 FY2025 revenue of $37.8M breaks down across 3 segments, led by Consumables at $22.3M (58.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Consumables | $22.3M | 58.9% |
| Durables | $9.8M | 26.0% |
| Commercial Fixture Sales | $5.7M | 15.1% |
GrowGeneration Corp. Revenue by Segment — Quarterly Trend
GrowGeneration Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Consumables and Durables) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Consumables | $22.3M | — | $25.6M | $23.1M |
| Durables | $9.8M | — | $7.2M | $7.9M |
| Commercial Fixture Sales | $5.7M | $8.9M | $8.1M | $4.8M |
GrowGeneration Corp. Annual Revenue by Year
GrowGeneration Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $161.7M).
GrowGeneration Corp. Quarterly Revenue & Net Profit History
GrowGeneration Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $37.8M | +1.0% | $-7.4M | -19.6% |
| Q3 FY2025 | $47.3M | -5.5% | $-2.4M | -5.2% |
| Q2 FY2025 | $41.0M | -23.5% | $-4.8M | -11.7% |
| Q1 FY2025 | $35.7M | -25.4% | $-9.4M | -26.3% |
| Q4 FY2024 | $37.4M | -24.3% | $-23.3M | -62.4% |
| Q3 FY2024 | $50.0M | -10.2% | $-11.4M | -22.9% |
| Q2 FY2024 | $53.5M | -16.3% | $-5.9M | -11.0% |
| Q1 FY2024 | $47.9M | -15.7% | $-8.8M | -18.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.9M | $53.5M | $50.0M | $37.4M | $35.7M | $41.0M | $47.3M | $37.8M |
| YoY Growth | -15.7% | -16.3% | -10.2% | -24.3% | -25.4% | -23.5% | -5.5% | 1.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $230.4M | $219.2M | $199.6M | $174.4M | $164.2M | $160.6M | $159.6M | $147.0M |
| Liabilities | $65.1M | $63.4M | $56.5M | $54.3M | $53.1M | $53.9M | $54.9M | $49.5M |
| Equity | $165.3M | $155.8M | $143.2M | $120.1M | $111.2M | $106.7M | $104.7M | $97.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.6M | $-398000 | $1.2M | $1.1M | $-3.8M | $-2.9M | $-499000 | $-2.2M |