GrowGeneration Corp.

Listed Company

GRWGCIK 0001604868NasdaqNon-AcceleratedSmaller ReportingRetail-Building Materials, Hardware, Garden SupplyColoradoFY ends Dec 31

Period

FY 2025

Revenue

$161.74M

Net Income

$-24.05M

Total Assets

$147.04M

Equity

$97.50M

Shares Out

60.09M

Op. Cash Flow

$-9.45M

Business

GrowGeneration Corp. operates a multifaceted retail and distribution business focused on hydroponic and organic gardening products and storage solutions. It offers thousands of products including nutrients, growing media, lighting, environmental control systems, proprietary brands (such as Charcoir, Drip Hydro, Ion Lighting, The Harvest Company), and high-density shelving, benching, racking, plus turnkey storage systems with design, permitting, and installation services. The company reports two operating segments — Cultivation and Gardening and Storage Solutions (MMI) — serving both consumer and commercial customers. GrowGeneration markets primarily across the United States through retail locations, distribution and fulfillment centers, commercial sales teams, wholesale channels, and online platforms.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	162	189	226	278	422
Cost of sales (exclusive of depreciation and amortization shown below)	118	145	165	208	304
Gross profit	43	44	61	70	118
Store operations and other operational expenses	31	40	48	55	50
Selling, general, and administrative	26	29	30	37	39
Estimated credit losses (recoveries)	437,000	−58,000	955,000	2	1
Depreciation and amortization	11	19	17	17	13
Impairment loss	130,000	7	16	128	0
Total operating expenses	69	96	111	238	103
Loss from operations	−26	−52	−50	−168	15
Other (expense) income	0	−13,000	781,000	684,000	−216,000
Interest income	2	3	3	580,000	—
Interest expense	0	−70,000	−97,000	−21,000	—
Total other income	2	3	3	1	227,000
Net loss before taxes	−24	−49	−46	−167	15
Provision for income taxes	−191,000	−158,000	−32,000	3	−2
Net loss	−24	−50	−46	−164	13
Net loss per share, basic (in dollars per share)	−0.4	−0.82	−0.76	−2.69	0.22
Net loss per share, diluted (in dollars per share)	−0.4	−0.82	−0.76	−2.69	0.21
Weighted average shares outstanding, basic (in shares)	60	60	61	61	59
Weighted average shares outstanding, diluted (in shares)	60	60	61	61	60

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	30	27	30	40	41
Marketable securities	16	29	35	32	40
Accounts receivable, net of allowance for credit losses of $2,109 and $2,177 at December 31, 2025 and 2024, respectively	11	7	9	8	6
Notes receivable, current, net of allowance for credit losses of $214 and $ at December 31, 2025 and 2024, respectively	507,000	1	193,000	1	2
Inventory	39	40	65	77	106
Prepaid income taxes	60,000	145,000	516,000	6	6
Prepaid and other current assets	8	8	8	6	16
Total current assets	104	113	147	171	217
Property and equipment, net	10	15	27	29	24
Operating lease right-of-use assets, net	27	34	40	46	44
Intangible assets, net	3	9	16	31	48
Goodwill	2	2	8	16	125
Other assets	1	814,000	843,000	803,000	800,000
TOTAL ASSETS	147	174	239	293	459
Accounts payable	9	8	12	16	17
Accrued liabilities	3	2	3	2	—
Payroll and payroll tax liabilities	3	3	2	5	7
Customer deposits	4	2	5	4	12
Sales tax payable	872,000	1	1	1	2
Current maturities of operating lease liabilities	6	7	8	8	7
Total current liabilities	26	24	31	36	47
Operating lease liabilities, net of current maturities	23	30	34	41	39
Other long-term liabilities	544,000	352,000	317,000	593,000	0
Total liabilities	50	54	66	77	88
Commitments and contingencies (Note 16)	—	—	—	—	—
Common stock; $.001 par value; 100,000,000 shares authorized; 60,090,905 and 59,402,628 shares issued and outstanding as of December 31, 2025 and 2024, respectively	60,000	59,000	61,000	61,000	60,000
Additional paid-in capital	377	376	373	370	361
Accumulated deficit	−280	−256	−200	−154	10
Total stockholders equity	97	120	173	216	371
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	147	174	239	293	459

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	11	19	17	17	13
Share-based compensation	2	2	3	5	7
Impairment loss on held for sale property and equipment	130,000	0	0	—	—
Impairment loss related to goodwill and intangible assets	0	7	16	128	0
Impairment loss on operating lease right-of-use assets	0	200,000	100,000	0	0
Loss on asset disposition	773,000	685,000	218,000	568,000	198,000
Change in value of marketable securities	−796,000	−1	−1	0	0
Accounts and notes receivable	−3	835,000	−300,000	−3	−2
Inventory	2	25	14	33	−35
Prepaid expenses and other assets	91,000	477,000	4	11	−10
Accounts payable and accrued liabilities	2	−4	−3	−3	3
Operating leases	−151,000	−173,000	46,000	508,000	—
Customer deposits	2	−3	1	−9	6
Payroll and payroll tax liabilities	−66,000	486,000	−3	−3	5
Sales taxes payable	−441,000	128,000	−156,000	−582,000	762,000
Other	109,000	35,000	0	0	—
Net cash and cash equivalents (used in) provided by operating activities	−9	−2	1	12	5
Acquisitions, net of cash acquired	−1	0	−3	−7	−81
Purchase of property and equipment	−536,000	−2	−7	−13	−19
Purchase of marketable securities	−36	−53	−99	−39	−75
Maturities of marketable securities	50	60	97	47	35
Proceeds from disposals of assets	29,000	150,000	265,000	612,000	0
Net cash and cash equivalents provided by (used in) investing activities	13	6	−11	−12	−139
Principal payments on long-term debt	0	0	−50,000	−108,000	−83,000
Common stock withheld for employee payroll taxes	−220,000	−176,000	−263,000	−2	−4
Common stock repurchased	0	−6	0	0	—
Net cash and cash equivalents used in financing activities	−220,000	−6	−313,000	−2	−2
Net increase (decrease) in cash and cash equivalents	3	−2	−10	−1	−137
Right-of-use assets obtained in exchange for new or modified operating lease liabilities	1	4	4	10	33
Fair value of common stock issued in business combination	159,000	0	0	—	—
Fair value of contingent consideration	83,000	0	0	—	—
Cash paid for interest	0	70,000	98,000	21,000	43,000
Non-cash issuance of a note receivable	0	0	299,000	0	0

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro