Growgeneration Corp. income statement
In fiscal 2025, Growgeneration Corp. reported revenue of $162m, down 14.4% on the year before, operating income of −$25.6m (a -15.8% margin) and net income of −$24.0m, or −$0.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 14 | 29 | 80 | 193 | 422 | 278 | 226 | 189 | 162 | 167 |
| Cost of revenue | 6 | 11 | 23 | 58 | 142 | 304 | — | — | — | — | — |
| Gross profit | 2 | 3 | 6 | 22 | 51 | 118 | 70 | 61 | 44 | 43 | 44 |
| Selling, general and administrative | — | — | — | 9 | 21 | 39 | 37 | 30 | 29 | 26 | 26 |
| General and administrative | 0 | 1 | 2 | — | — | — | — | — | — | — | — |
| Operating income | −0 | −3 | −4 | 2 | 8 | 15 | −168 | −50 | −52 | −26 | −18 |
| Interest expense | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | 0 | — |
| Income before tax | −0 | — | — | 1 | 9 | 15 | −167 | −46 | −49 | −24 | −17 |
| Income tax | 0 | 0 | 0 | 0 | 3 | 2 | −3 | 0 | 0 | 0 | 0 |
| Net income | −0 | −3 | −5 | 1 | 5 | 13 | −164 | −46 | −50 | −24 | −17 |
| Diluted EPS | −$0.05 | −$0.18 | −$0.22 | $0.04 | $0.11 | $0.21 | −$2.69 | −$0.76 | −$0.82 | −$0.40 | −$0.28 |
| Diluted shares (average) | 9m | 15m | 23m | 34m | 46m | 60m | 61m | 61m | 60m | 60m | 60m |
| EBITDA | −0 | −3 | −4 | 3 | 11 | 28 | −151 | −33 | −33 | −14 | −10 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50 | 37 | 36 | 41 | 47 | 38 | 38 | 43 |
| Gross profit | 11 | 6 | 10 | 12 | 13 | 9 | 10 | 12 |
| Selling, general and administrative | 7 | 7 | 7 | 6 | 6 | 7 | 7 | 6 |
| Operating income | −12 | −24 | −10 | −5 | −3 | −8 | −5 | −2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Income before tax | −11 | −23 | −9 | −5 | −2 | −7 | −5 | −2 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 |
| Net income | −11 | −23 | −9 | −5 | −2 | −7 | −5 | −2 |
| Diluted EPS | −$0.19 | −$0.39 | −$0.16 | −$0.08 | −$0.04 | −$0.12 | −$0.08 | −$0.03 |
| EBITDA | −7 | −17 | −6 | −3 | −0 | −5 | −4 | −1 |
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