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Side-by-side financial comparison of GrowGeneration Corp. (GRWG) and RECURSION PHARMACEUTICALS, INC. (RXRX). Click either name above to swap in a different company.

GrowGeneration Corp. is the larger business by last-quarter revenue ($37.8M vs $35.5M, roughly 1.1× RECURSION PHARMACEUTICALS, INC.). GrowGeneration Corp. runs the higher net margin — -19.6% vs -304.2%, a 284.6% gap on every dollar of revenue. On growth, RECURSION PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (681.7% vs 1.0%). Over the past eight quarters, RECURSION PHARMACEUTICALS, INC.'s revenue compounded faster (60.5% CAGR vs -11.1%).

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.

Recursion Pharmaceuticals is a clinical-stage biotechnology company that combines artificial intelligence and large-scale high-throughput biological experimentation to discover and develop innovative therapies for rare diseases, oncology, inflammatory disorders, and other areas of unmet medical need. It primarily operates in North America and partners with global biopharmaceutical firms to advance its robust therapeutic pipeline.

GRWG vs RXRX — Head-to-Head

Bigger by revenue
GRWG
GRWG
1.1× larger
GRWG
$37.8M
$35.5M
RXRX
Growing faster (revenue YoY)
RXRX
RXRX
+680.7% gap
RXRX
681.7%
1.0%
GRWG
Higher net margin
GRWG
GRWG
284.6% more per $
GRWG
-19.6%
-304.2%
RXRX
Faster 2-yr revenue CAGR
RXRX
RXRX
Annualised
RXRX
60.5%
-11.1%
GRWG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRWG
GRWG
RXRX
RXRX
Revenue
$37.8M
$35.5M
Net Profit
$-7.4M
$-108.1M
Gross Margin
24.1%
59.8%
Operating Margin
-20.1%
-304.8%
Net Margin
-19.6%
-304.2%
Revenue YoY
1.0%
681.7%
Net Profit YoY
68.2%
39.6%
EPS (diluted)
$-0.12
$-0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GRWG
GRWG
RXRX
RXRX
Q4 25
$37.8M
$35.5M
Q3 25
$47.3M
$5.2M
Q2 25
$41.0M
$19.2M
Q1 25
$35.7M
$14.7M
Q4 24
$37.4M
$4.5M
Q3 24
$50.0M
$26.1M
Q2 24
$53.5M
$14.4M
Q1 24
$47.9M
$13.8M
Net Profit
GRWG
GRWG
RXRX
RXRX
Q4 25
$-7.4M
$-108.1M
Q3 25
$-2.4M
$-162.3M
Q2 25
$-4.8M
$-171.9M
Q1 25
$-9.4M
$-202.5M
Q4 24
$-23.3M
$-178.9M
Q3 24
$-11.4M
$-95.8M
Q2 24
$-5.9M
$-97.5M
Q1 24
$-8.8M
$-91.4M
Gross Margin
GRWG
GRWG
RXRX
RXRX
Q4 25
24.1%
59.8%
Q3 25
27.2%
-183.8%
Q2 25
28.3%
-4.9%
Q1 25
27.2%
-48.0%
Q4 24
16.4%
-181.4%
Q3 24
21.6%
53.7%
Q2 24
26.9%
36.2%
Q1 24
25.8%
19.1%
Operating Margin
GRWG
GRWG
RXRX
RXRX
Q4 25
-20.1%
-304.8%
Q3 25
-6.0%
-3327.6%
Q2 25
-12.9%
-916.8%
Q1 25
-27.7%
-1297.9%
Q4 24
-63.9%
-4042.4%
Q3 24
-24.2%
-377.1%
Q2 24
-12.2%
-697.4%
Q1 24
-19.7%
-698.4%
Net Margin
GRWG
GRWG
RXRX
RXRX
Q4 25
-19.6%
-304.2%
Q3 25
-5.2%
-3135.3%
Q2 25
-11.7%
-894.2%
Q1 25
-26.3%
-1373.3%
Q4 24
-62.4%
-3935.5%
Q3 24
-22.9%
-367.5%
Q2 24
-11.0%
-676.6%
Q1 24
-18.5%
-662.4%
EPS (diluted)
GRWG
GRWG
RXRX
RXRX
Q4 25
$-0.12
$-0.17
Q3 25
$-0.04
$-0.36
Q2 25
$-0.08
$-0.41
Q1 25
$-0.16
$-0.50
Q4 24
$-0.39
$-0.56
Q3 24
$-0.19
$-0.34
Q2 24
$-0.10
$-0.40
Q1 24
$-0.14
$-0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRWG
GRWG
RXRX
RXRX
Cash + ST InvestmentsLiquidity on hand
$46.1M
$743.3M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$97.5M
$1.1B
Total Assets
$147.0M
$1.5B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRWG
GRWG
RXRX
RXRX
Q4 25
$46.1M
$743.3M
Q3 25
$48.3M
$659.8M
Q2 25
$48.7M
$525.1M
Q1 25
$52.6M
$500.5M
Q4 24
$56.5M
$594.4M
Q3 24
$55.2M
$427.6M
Q2 24
$56.0M
$474.3M
Q1 24
$61.3M
$296.3M
Total Debt
GRWG
GRWG
RXRX
RXRX
Q4 25
$9.6M
Q3 25
$11.9M
Q2 25
$14.2M
Q1 25
$16.4M
Q4 24
$19.0M
Q3 24
$20.5M
Q2 24
$22.9M
Q1 24
Stockholders' Equity
GRWG
GRWG
RXRX
RXRX
Q4 25
$97.5M
$1.1B
Q3 25
$104.7M
$1.0B
Q2 25
$106.7M
$919.1M
Q1 25
$111.2M
$933.9M
Q4 24
$120.1M
$1.0B
Q3 24
$143.2M
$524.6M
Q2 24
$155.8M
$584.4M
Q1 24
$165.3M
$401.2M
Total Assets
GRWG
GRWG
RXRX
RXRX
Q4 25
$147.0M
$1.5B
Q3 25
$159.6M
$1.4B
Q2 25
$160.6M
$1.3B
Q1 25
$164.2M
$1.3B
Q4 24
$174.4M
$1.4B
Q3 24
$199.6M
$726.5M
Q2 24
$219.2M
$775.9M
Q1 24
$230.4M
$557.8M
Debt / Equity
GRWG
GRWG
RXRX
RXRX
Q4 25
0.01×
Q3 25
0.01×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.04×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRWG
GRWG
RXRX
RXRX
Operating Cash FlowLast quarter
$-2.2M
$-46.1M
Free Cash FlowOCF − Capex
$-47.3M
FCF MarginFCF / Revenue
-133.1%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-378.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRWG
GRWG
RXRX
RXRX
Q4 25
$-2.2M
$-46.1M
Q3 25
$-499.0K
$-117.4M
Q2 25
$-2.9M
$-76.4M
Q1 25
$-3.8M
$-132.0M
Q4 24
$1.1M
$-115.4M
Q3 24
$1.2M
$-59.2M
Q2 24
$-398.0K
$-82.2M
Q1 24
$-3.6M
$-102.3M
Free Cash Flow
GRWG
GRWG
RXRX
RXRX
Q4 25
$-47.3M
Q3 25
$-117.6M
Q2 25
$-79.6M
Q1 25
$-133.8M
Q4 24
$-116.7M
Q3 24
$-63.8M
Q2 24
$-83.4M
Q1 24
$-109.0M
FCF Margin
GRWG
GRWG
RXRX
RXRX
Q4 25
-133.1%
Q3 25
-2272.5%
Q2 25
-413.9%
Q1 25
-907.4%
Q4 24
-2567.7%
Q3 24
-244.6%
Q2 24
-578.5%
Q1 24
-789.9%
Capex Intensity
GRWG
GRWG
RXRX
RXRX
Q4 25
3.5%
Q3 25
4.7%
Q2 25
16.4%
Q1 25
12.4%
Q4 24
28.6%
Q3 24
17.5%
Q2 24
8.2%
Q1 24
48.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GRWG
GRWG

Consumables$22.3M59%
Durables$9.8M26%
Commercial Fixture Sales$5.7M15%

RXRX
RXRX

Segment breakdown not available.

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