What is Growgeneration Corp's earnings per share (EPS)?

Growgeneration Corp (GRWG) reported diluted earnings per share of $-0.40 for fiscal year 2025. This represents a 51.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Growgeneration Corp Financials

GRWG

Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows Growgeneration Corp (GRWG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Growgeneration Corp has an operating margin of -15.8%, meaning the company retains $-16 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -27.5% the prior year.

Growth

Growgeneration Corp's revenue declined 14.4% year-over-year, from $188.9M to $161.7M. This contraction results in a growth score of 9/100.

Leverage

Growgeneration Corp carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.99, Growgeneration Corp holds $3.99 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Returns

Growgeneration Corp generates a -24.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -41.2% the prior year.

Piotroski F-Score Neutral

4/9

Growgeneration Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, Growgeneration Corp generates $0.39 in operating cash flow (-$9.4M OCF vs -$24.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-365.5x

Growgeneration Corp earns $-365.5 in operating income for every $1 of interest expense (-$25.6M vs $70K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$161.7M

YoY-14.4%

5Y CAGR-3.5%

10Y CAGR+46.9%

Growgeneration Corp generated $161.7M in revenue in fiscal year 2025. This represents a decrease of 14.4% from the prior year.

EBITDA

-$14.3M

YoY+56.1%

Growgeneration Corp's EBITDA was -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.1% from the prior year.

Net Income

-$24.0M

YoY+51.4%

Growgeneration Corp reported -$24.0M in net income in fiscal year 2025. This represents an increase of 51.4% from the prior year.

EPS (Diluted)

$-0.40

YoY+51.2%

Growgeneration Corp earned $-0.40 per diluted share (EPS) in fiscal year 2025. This represents an increase of 51.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$30.4M

YoY+10.7%

5Y CAGR-29.8%

10Y CAGR+45.8%

Growgeneration Corp held $30.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

60M

YoY+1.2%

5Y CAGR+1.0%

10Y CAGR+21.0%

Growgeneration Corp had 60M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Margins & Returns

Gross Margin

26.8%

YoY+3.6pp

5Y CAGR+0.4pp

10Y CAGR-5.2pp

Growgeneration Corp's gross margin was 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.

Operating Margin

-15.8%

YoY+11.7pp

5Y CAGR-20.2pp

10Y CAGR-0.9pp

Growgeneration Corp's operating margin was -15.8% in fiscal year 2025, reflecting core business profitability. This is up 11.7 percentage points from the prior year.

Net Margin

-14.9%

YoY+11.3pp

5Y CAGR-17.6pp

10Y CAGR+0.4pp

Growgeneration Corp's net profit margin was -14.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.3 percentage points from the prior year.

Return on Equity

-24.7%

YoY+16.6pp

5Y CAGR-26.3pp

10Y CAGR-0.1pp

Growgeneration Corp's ROE was -24.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 16.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$6.0M

YoY+0.0%

Growgeneration Corp spent $6.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

N/A

GRWG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$161.7M-14.4%	$188.9M-16.4%	$225.9M-18.8%	$278.2M-34.2%	$422.5M+118.5%	$193.4M
Cost of Revenue	$118.5M-18.4%	$145.1M-11.8%	$164.6M-20.8%	$207.9M-31.7%	$304.2M+113.8%	$142.3M
Gross Profit	$43.3M-1.0%	$43.7M-28.6%	$61.3M-12.8%	$70.3M-40.6%	$118.2M+131.6%	$51.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$26.3M-10.2%	$29.2M-1.9%	$29.8M-18.9%	$36.8M-6.9%	$39.5M+89.1%	$20.9M
Operating Income	-$25.6M+50.8%	-$52.0M-4.3%	-$49.8M+70.3%	-$167.9M-1219.0%	$15.0M+77.8%	$8.4M
Interest Expense	$70K0.0%	$70K-27.8%	$97K+361.9%	$21K	N/A	N/A
Income Tax	$191K+20.9%	$158K+393.8%	$32K+101.1%	-$2.9M-218.1%	$2.4M-24.9%	$3.3M
Net Income	-$24.0M+51.4%	-$49.5M-6.5%	-$46.5M+71.6%	-$163.7M-1380.7%	$12.8M+140.0%	$5.3M
EPS (Diluted)	$-0.40+51.2%	$-0.82-7.9%	$-0.76+71.7%	$-2.69-1381.0%	$0.21+90.9%	$0.11

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$47.3M+15.4%	$41.0M+14.7%	$35.7M-4.6%	$37.4M-25.1%	$50.0M-6.6%	$53.5M+11.8%	$47.9M-3.2%	$49.5M
Cost of Revenue	$34.4M+17.1%	$29.4M+13.0%	$26.0M-17.0%	$31.3M-20.1%	$39.2M+0.2%	$39.1M+10.1%	$35.5M-6.0%	$37.8M
Gross Profit	$12.9M+10.9%	$11.6M+19.4%	$9.7M+58.4%	$6.1M-43.3%	$10.8M-25.0%	$14.4M+16.6%	$12.4M+6.2%	$11.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.7M-7.2%	$6.2M-13.5%	$7.1M+4.2%	$6.8M-7.8%	$7.4M+4.2%	$7.1M-10.2%	$7.9M+0.4%	$7.9M
Operating Income	-$2.8M+46.1%	-$5.3M+46.6%	-$9.9M+58.7%	-$23.9M-98.0%	-$12.1M-85.6%	-$6.5M+30.9%	-$9.4M+66.4%	-$28.1M
Interest Expense	$0	$0	$0	$0	$0-100.0%	$14K-75.0%	$56K-38.5%	$91K
Income Tax	$2K	$0	$0-100.0%	$108K+351.2%	-$43K-145.3%	$95K+4850.0%	-$2K+96.7%	-$61K
Net Income	-$2.4M+49.3%	-$4.8M+48.7%	-$9.4M+59.8%	-$23.3M-104.1%	-$11.4M-93.9%	-$5.9M+33.3%	-$8.8M+67.6%	-$27.3M
EPS (Diluted)	$-0.04+50.0%	$-0.08+50.0%	$-0.16	N/A	$-0.19-90.0%	$-0.10+28.6%	$-0.14	N/A

GRWG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$147.0M-15.7%	$174.4M-27.1%	$239.1M-18.5%	$293.4M-36.1%	$459.3M+29.5%	$354.7M
Current Assets	$103.7M-8.4%	$113.2M-23.2%	$147.5M-13.6%	$170.7M-21.3%	$216.9M-13.3%	$250.2M
Cash & Equivalents	$30.4M+10.7%	$27.5M-7.7%	$29.8M-25.7%	$40.1M-3.2%	$41.4M-76.7%	$177.9M
Inventory	$38.8M-3.8%	$40.3M-37.9%	$64.9M-15.8%	$77.1M-27.0%	$105.6M+95.4%	$54.0M
Accounts Receivable	$10.7M+44.9%	$7.4M-17.2%	$8.9M+6.7%	$8.3M+45.2%	$5.7M+47.2%	$3.9M
Goodwill	$2.1M+29.6%	$1.6M-78.7%	$7.5M-52.9%	$16.0M-87.3%	$125.4M+99.2%	$63.0M
Total Liabilities	$49.5M-8.7%	$54.3M-17.4%	$65.7M-14.7%	$77.0M-12.5%	$88.0M+133.3%	$37.7M
Current Liabilities	$26.0M+7.0%	$24.3M-21.5%	$30.9M-13.6%	$35.8M-24.0%	$47.1M+72.1%	$27.4M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$66K-58.2%	$158K
Total Equity	$97.5M-18.8%	$120.1M-30.7%	$173.4M-19.9%	$216.4M-41.7%	$371.3M+17.1%	$317.0M
Retained Earnings	-$279.7M-9.4%	-$255.6M-27.8%	-$200.1M-30.3%	-$153.6M-1614.2%	$10.1M+484.0%	-$2.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$159.6M-0.6%	$160.6M-2.2%	$164.2M-5.8%	$174.4M-12.7%	$199.6M-8.9%	$219.2M-4.9%	$230.4M-3.6%	$239.1M
Current Assets	$111.8M+2.6%	$109.0M-0.2%	$109.2M-3.6%	$113.2M-7.6%	$122.6M-8.9%	$134.6M-5.0%	$141.7M-3.9%	$147.5M
Cash & Equivalents	$27.4M+17.4%	$23.3M-28.8%	$32.7M+19.2%	$27.5M+0.1%	$27.4M-0.5%	$27.6M-11.2%	$31.1M+4.3%	$29.8M
Inventory	$40.2M-3.7%	$41.7M-0.9%	$42.1M+4.6%	$40.3M-16.1%	$48.0M-20.8%	$60.6M-8.2%	$66.0M+1.7%	$64.9M
Accounts Receivable	$13.0M+24.5%	$10.4M+50.3%	$6.9M-5.8%	$7.4M-28.7%	$10.3M+6.8%	$9.7M+23.4%	$7.8M-12.0%	$8.9M
Goodwill	$2.1M+27.9%	$1.6M0.0%	$1.6M0.0%	$1.6M-78.7%	$7.5M0.0%	$7.5M0.0%	$7.5M0.0%	$7.5M
Total Liabilities	$54.9M+1.9%	$53.9M+1.5%	$53.1M-2.2%	$54.3M-3.9%	$56.5M-10.9%	$63.4M-2.6%	$65.1M-0.9%	$65.7M
Current Liabilities	$29.3M+7.6%	$27.3M+9.4%	$24.9M+2.6%	$24.3M-1.1%	$24.5M-16.0%	$29.2M-0.4%	$29.3M-5.2%	$30.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$104.7M-1.9%	$106.7M-4.0%	$111.2M-7.4%	$120.1M-16.1%	$143.2M-8.1%	$155.8M-5.8%	$165.3M-4.7%	$173.4M
Retained Earnings	-$272.3M-0.9%	-$269.8M-1.8%	-$265.0M-3.7%	-$255.6M-10.0%	-$232.3M-7.2%	-$216.7M-3.7%	-$208.9M-4.4%	-$200.1M

GRWG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.4M-425.1%	-$1.8M-226.6%	$1.4M-88.1%	$11.9M+131.6%	$5.2M+2522.1%	-$213K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$12.6M+120.1%	$5.7M+150.2%	-$11.4M+1.5%	-$11.6M+91.7%	-$139.3M-204.0%	-$45.8M
Financing Cash Flow	-$220K+96.5%	-$6.2M-1885.0%	-$313K+81.5%	-$1.7M+28.9%	-$2.4M-101.1%	$211.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.0M0.0%	$6.0M	$0	$0	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$499K+82.9%	-$2.9M+23.7%	-$3.8M-456.5%	$1.1M-8.3%	$1.2M+394.2%	-$398K+89.1%	-$3.6M-168.9%	-$1.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$4.5M+170.4%	-$6.5M-170.5%	$9.2M+1024.3%	-$991K-285.2%	$535K-56.0%	$1.2M-75.5%	$5.0M+2307.6%	-$225K
Financing Cash Flow	-$1K+98.0%	-$51K+15.0%	-$60K-25.0%	-$48K+97.4%	-$1.8M+56.9%	-$4.3M-15217.9%	-$28K+63.2%	-$76K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	$1K-99.9%	$1.8M	N/A	N/A	$0

GRWG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	26.8%+3.6pp	23.2%-4.0pp	27.1%+1.9pp	25.3%-2.7pp	28.0%+1.6pp	26.4%
Operating Margin	-15.8%+11.7pp	-27.5%-5.4pp	-22.1%+38.3pp	-60.4%-63.9pp	3.5%-0.8pp	4.4%
Net Margin	-14.9%+11.3pp	-26.2%-5.6pp	-20.6%+38.3pp	-58.9%-61.9pp	3.0%+0.3pp	2.8%
Return on Equity	-24.7%+16.6pp	-41.2%-14.4pp	-26.8%+48.9pp	-75.7%-79.1pp	3.4%+1.8pp	1.7%
Return on Assets	-16.4%+12.0pp	-28.4%-8.9pp	-19.4%+36.4pp	-55.8%-58.6pp	2.8%+1.3pp	1.5%
Current Ratio	3.99-0.7	4.66-0.1	4.770.0	4.77+0.2	4.61-4.5	9.15
Debt-to-Equity	0.51+0.1	0.45+0.1	0.38+0.4	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	27.2%-1.1pp	28.3%+1.1pp	27.2%+10.8pp	16.4%-5.2pp	21.6%-5.3pp	26.9%+1.1pp	25.8%+2.3pp	23.5%
Operating Margin	-6.0%+6.9pp	-12.9%+14.8pp	-27.7%+36.3pp	-63.9%-39.8pp	-24.2%-12.0pp	-12.2%+7.5pp	-19.7%+37.1pp	-56.8%
Net Margin	-5.2%+6.6pp	-11.7%+14.5pp	-26.3%+36.1pp	-62.4%-39.5pp	-22.9%-11.9pp	-11.0%+7.4pp	-18.4%+36.8pp	-55.2%
Return on Equity	-2.3%+2.2pp	-4.5%+3.9pp	-8.4%+11.0pp	-19.4%-11.4pp	-8.0%-4.2pp	-3.8%+1.6pp	-5.3%+10.4pp	-15.8%
Return on Assets	-1.5%+1.5pp	-3.0%+2.7pp	-5.7%+7.7pp	-13.4%-7.7pp	-5.7%-3.0pp	-2.7%+1.1pp	-3.8%+7.6pp	-11.4%
Current Ratio	3.81-0.2	4.00-0.4	4.38-0.3	4.66-0.3	5.00+0.4	4.61-0.2	4.83+0.1	4.77
Debt-to-Equity	0.52+0.0	0.51+0.0	0.48+0.0	0.45+0.1	0.39-0.0	0.41+0.0	0.39+0.0	0.38
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Growgeneration Corp's annual revenue?

Growgeneration Corp (GRWG) reported $161.7M in total revenue for fiscal year 2025. This represents a -14.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Growgeneration Corp's revenue growing?

Growgeneration Corp (GRWG) revenue declined by 14.4% year-over-year, from $188.9M to $161.7M in fiscal year 2025.

Is Growgeneration Corp profitable?

No, Growgeneration Corp (GRWG) reported a net income of -$24.0M in fiscal year 2025, with a net profit margin of -14.9%.

What is Growgeneration Corp's EBITDA?

Growgeneration Corp (GRWG) had EBITDA of -$14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Growgeneration Corp's gross margin?

Growgeneration Corp (GRWG) had a gross margin of 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Growgeneration Corp's operating margin?

Growgeneration Corp (GRWG) had an operating margin of -15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Growgeneration Corp's net profit margin?

Growgeneration Corp (GRWG) had a net profit margin of -14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Growgeneration Corp's return on equity (ROE)?

Growgeneration Corp (GRWG) has a return on equity of -24.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Growgeneration Corp's operating cash flow?

Growgeneration Corp (GRWG) generated -$9.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Growgeneration Corp's total assets?

Growgeneration Corp (GRWG) had $147.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Growgeneration Corp buy back shares?

Yes, Growgeneration Corp (GRWG) spent $6.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Growgeneration Corp have outstanding?

Growgeneration Corp (GRWG) had 60M shares outstanding as of fiscal year 2025.

What is Growgeneration Corp's current ratio?

Growgeneration Corp (GRWG) had a current ratio of 3.99 as of fiscal year 2025, which is generally considered healthy.

What is Growgeneration Corp's debt-to-equity ratio?

Growgeneration Corp (GRWG) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Growgeneration Corp's return on assets (ROA)?

Growgeneration Corp (GRWG) had a return on assets of -16.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Growgeneration Corp's cash runway?

Based on fiscal year 2025 data, Growgeneration Corp (GRWG) had $30.4M in cash against an annual operating cash burn of $9.4M. This gives an estimated cash runway of approximately 39 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Growgeneration Corp's Piotroski F-Score?

Growgeneration Corp (GRWG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Growgeneration Corp's earnings high quality?

Growgeneration Corp (GRWG) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Growgeneration Corp cover its interest payments?

Growgeneration Corp (GRWG) has an interest coverage ratio of -365.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Growgeneration Corp?

Growgeneration Corp (GRWG) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.