urban-gro, Inc.UGROEarnings & Financial Report
urban-gro, Inc. is a specialized professional services and solutions provider focused on controlled environment agriculture (CEA) and indoor cultivation facilities. It offers end-to-end design, engineering, equipment sourcing, integration, and operational support services, serving primarily commercial cannabis and food cultivation clients across North America.
Revenue
$19.6M
Gross Profit
$2.4M
Operating Profit
$-3.5M
Net Profit
$-3.8M
Gross Margin
12.4%
Operating Margin
-17.9%
Net Margin
-19.5%
YoY Growth
58.4%
EPS
$-0.33
urban-gro, Inc. Q3 FY2023 Financial Summary
urban-gro, Inc. reported revenue of $19.6M (up 58.4% YoY) for Q3 FY2023, with a net profit of $-3.8M (up 48.9% YoY) (-19.5% margin). Cost of goods sold was $17.2M, operating expenses totaled $5.9M.
Key Financial Metrics
| Total Revenue | $19.6M |
|---|---|
| Net Profit | $-3.8M |
| Gross Margin | 12.4% |
| Operating Margin | -17.9% |
| Report Period | Q3 FY2023 |
Revenue Breakdown
urban-gro, Inc. Q3 FY2023 revenue of $19.6M breaks down across 3 segments, led by Commercial Sector at $15.1M (77.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commercial Sector | $15.1M | 77.2% |
| Equipment Systems | $3.0M | 15.5% |
| Other | $1.4M | 7.3% |
urban-gro, Inc. Revenue by Segment — Quarterly Trend
urban-gro, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Commercial Sector and Equipment Systems) has evolved quarter over quarter.
| Segment | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 |
|---|---|---|---|---|
| Commercial Sector | — | — | — | $6.4M |
| Equipment Systems | $3.1M | $4.7M | — | — |
urban-gro, Inc. Annual Revenue by Year
urban-gro, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $40.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $40.0M |
| 2023 | $69.9M |
| 2022 | $66.3M |
urban-gro, Inc. Quarterly Revenue & Net Profit History
urban-gro, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2025 | $7.8M | -56.7% | $-6.2M | -79.9% |
| Q1 FY2025 | $9.5M | -38.2% | $-4.0M | -42.4% |
| Q4 FY2024 | $-3.2M | -121.3% | $-27.2M | 843.4% |
| Q3 FY2024 | $9.9M | -49.5% | $-3.8M | -38.0% |
| Q2 FY2024 | $17.9M | -2.7% | $-3.0M | -16.5% |
| Q1 FY2024 | $15.4M | -8.1% | $-2.6M | -16.6% |
| Q4 FY2023 | $15.1M | -8.8% | $-10.6M | -70.1% |
| Q3 FY2023 | $19.6M | +58.4% | $-3.8M | -19.5% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.6M | $15.1M | $15.4M | $17.9M | $9.9M | $-3.2M | $9.5M | $7.8M |
| YoY Growth | 58.4% | -8.8% | -8.1% | -2.7% | -49.5% | -121.3% | -38.2% | -56.7% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $55.0M | $49.5M | $45.7M | $55.0M | $49.2M | $19.5M | $16.1M | $9.9M |
| Liabilities | $35.1M | $39.4M | $37.5M | $49.2M | $46.8M | $44.1M | $44.3M | $44.2M |
| Equity | $19.5M | $10.1M | $8.2M | $5.8M | $2.4M | $-24.6M | $-28.2M | $-34.2M |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.4M | $-3.8M | $628549 | $-2.4M | $1.0M | $-2.1M | $2.2M | $413949 |