GrowGen Q4 Revenue at $37.82M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy GRWG?
Reports Q4 revenue $37.82M, consensus $40.02M. Darren Lampert, GrowGen's co-founder and CEO, commented, "2025 was a transformational year for GrowGen. We further streamlined our operating footprint, expanded proprietary brand sales to 32.8% of Cultivation & Gardening revenue, and delivered a 370 basis-point improvement in gross margin to 26.8%. These structural improvements drove a 58.9% year-over-year improvement in Adjusted EBITDA and reduced our GAAP net loss by more than half, reflecting the strength of our operating discipline and strategic focus."
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Analyst Views on GRWG
Wall Street analysts forecast GRWG stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.060
Low
1.50
Averages
2.00
High
2.50
Current: 1.060
Low
1.50
Averages
2.00
High
2.50
About GRWG
GrowGeneration Corp. is a developer, marketer, retailer, and distributor of products for both indoor and outdoor hydroponic and organic gardening, as well as customized storage solutions. The Company operates two lines of business: its Cultivation and Gardening segment, composed of its hydroponic and organic gardening business, and its Storage Solutions segment, composed of its benching, racking, and storage solutions business. It carries and sells thousands of products, such as nutrients, additives, growing media, lighting, environmental control systems, and benching and racking, including proprietary brands, such as Charcoir, Drip Hydro, Power Si, Ion lights, The Harvest Company, and more. Its Storage Solutions business, branded as Mobile Media (MMI), provides products, such as high-density mobile storage systems, static shelving, and other accessories, such as desks, lockers, safes, and secured storage, offering a solution for every storage need.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GrowGeneration Reports 2025 Financial Results with Mixed Outcomes
- Sales Decline: GrowGeneration reported net sales of $161.7 million for 2025, down from $188.9 million in 2024, primarily due to store consolidations that reduced the retail footprint, negatively impacting overall revenue performance.
- Gross Margin Improvement: The gross margin for 2025 improved by 370 basis points to 26.8%, indicating significant progress in cost control and product mix optimization, which, despite the sales decline, enhanced profitability.
- Operating Expense Reduction: Operating expenses for Q4 2025 decreased to $16.7 million, down 45.3% from $30.1 million in Q4 2024, demonstrating a notable improvement in operational efficiency that aids in financial recovery.
- Strong Cash Position: By the end of 2025, GrowGeneration had $46.1 million in cash with no debt, maintaining a robust balance sheet that provides ample funding for future investments and potential acquisitions.
See More
GrowGeneration Reports Transformative 2025 Earnings Results
- Transformational Business Impact: GrowGeneration reported net sales of $161.7 million for 2025, down from $188.9 million in 2024, yet achieved a gross margin improvement to 26.8% by rightsizing its retail footprint and increasing proprietary brand penetration to 32.8%.
- Profitability Gains: The adjusted EBITDA loss for 2025 improved to negative $6 million, an $8.5 million enhancement year-over-year, reflecting significant progress in cost management and operational efficiency, with expectations of nearing breakeven adjusted EBITDA in 2026.
- Expansion into New Revenue Channels: The company diversified its revenue streams through a distribution partnership with Arett Sales and the acquisition of Viagrow for entry into the home gardening market, anticipating proprietary brand sales to reach 40% of total revenue by 2026.
- Share Repurchase Program: Management announced a $10 million share repurchase program as a compelling and responsible capital allocation, demonstrating confidence in the company's growth potential and financial flexibility moving forward.
See More
GrowGeneration (GRWG) Q4 2025 Earnings Transcript
See More
GrowGeneration Releases 2026 Outlook with Revenue Projections
- Earnings Report: GrowGeneration's Q4 non-GAAP EPS was -$0.12 with revenue of $37.82 million, reflecting a 1.0% year-over-year increase, yet it missed expectations by $2.2 million, indicating competitive pressures in the market.
- 2026 Revenue Outlook: The company anticipates net revenue between $162 million and $168 million for 2026, suggesting that despite challenges, GrowGeneration is striving for stable revenue growth, particularly in its core business areas.
- Brand Sales Target: By the end of 2026, proprietary brand sales are expected to account for approximately 40% of cultivation and gardening revenue, aiming to enhance brand influence and market share, thereby driving long-term growth.
- Margin Improvement: The company projects gross margins for 2026 to be in the range of 27% to 29%, and with ongoing improvements in operating expense efficiency, GrowGeneration aims to achieve breakeven adjusted EBITDA for the year, reflecting a gradual improvement in its financial health.
See More
GrowGeneration to Announce Q4 Earnings on March 19
- Earnings Announcement Schedule: GrowGeneration is set to release its Q4 earnings on March 19 after market close, with consensus EPS estimate at -$0.07 and revenue estimate at $40.02 million, indicating a cautious market outlook on the company's financial performance.
- Historical Performance Review: Over the past year, GrowGeneration has beaten EPS estimates 0% of the time while exceeding revenue estimates 75% of the time, reflecting relative stability in revenue but highlighting a need for improvement in profitability.
- Market Reaction Expectations: Given the company's poor EPS performance, investors may adopt a wait-and-see approach ahead of the earnings report, especially in the current economic climate where any negative results could exert downward pressure on the stock price.
- Analyst Rating Focus: Market interest in GrowGeneration remains high, with Seeking Alpha's Quant Rating reflecting varying investor perspectives on the company's future performance, which could influence short-term investment decisions.
See More
GrowGeneration Announces Q4 and Full Year 2025 Financial Results Release Date
- Earnings Release Schedule: GrowGeneration will release its financial results for Q4 and full year 2025 on March 19, 2026, after market close, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Details: Following the earnings release, GrowGeneration will host a conference call at 4:30 p.m. ET, where investors can dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) to participate, using conference code 21623.
- Webcast Replay Availability: A replay of the webcast will be accessible approximately two hours after the call concludes and will remain available for about 90 days, allowing investors who could not attend live to access the information.
- Company Overview: GrowGeneration is one of the largest suppliers of specialty products for controlled environment agriculture (CEA) in the U.S., offering thousands of products including nutrients, additives, lighting, and environmental control systems to support commercial cultivation and retail garden centers.
See More
GrowGeneration Reports 2025 Financial Results with Mixed Outcomes
- Sales Decline: GrowGeneration reported net sales of $161.7 million for 2025, down from $188.9 million in 2024, primarily due to store consolidations that reduced the retail footprint, negatively impacting overall revenue performance.
- Gross Margin Improvement: The gross margin for 2025 improved by 370 basis points to 26.8%, indicating significant progress in cost control and product mix optimization, which, despite the sales decline, enhanced profitability.
- Operating Expense Reduction: Operating expenses for Q4 2025 decreased to $16.7 million, down 45.3% from $30.1 million in Q4 2024, demonstrating a notable improvement in operational efficiency that aids in financial recovery.
- Strong Cash Position: By the end of 2025, GrowGeneration had $46.1 million in cash with no debt, maintaining a robust balance sheet that provides ample funding for future investments and potential acquisitions.
See More
GrowGeneration Reports Transformative 2025 Earnings Results
- Transformational Business Impact: GrowGeneration reported net sales of $161.7 million for 2025, down from $188.9 million in 2024, yet achieved a gross margin improvement to 26.8% by rightsizing its retail footprint and increasing proprietary brand penetration to 32.8%.
- Profitability Gains: The adjusted EBITDA loss for 2025 improved to negative $6 million, an $8.5 million enhancement year-over-year, reflecting significant progress in cost management and operational efficiency, with expectations of nearing breakeven adjusted EBITDA in 2026.
- Expansion into New Revenue Channels: The company diversified its revenue streams through a distribution partnership with Arett Sales and the acquisition of Viagrow for entry into the home gardening market, anticipating proprietary brand sales to reach 40% of total revenue by 2026.
- Share Repurchase Program: Management announced a $10 million share repurchase program as a compelling and responsible capital allocation, demonstrating confidence in the company's growth potential and financial flexibility moving forward.
See More
GrowGeneration (GRWG) Q4 2025 Earnings Transcript
See More
GrowGeneration Releases 2026 Outlook with Revenue Projections
- Earnings Report: GrowGeneration's Q4 non-GAAP EPS was -$0.12 with revenue of $37.82 million, reflecting a 1.0% year-over-year increase, yet it missed expectations by $2.2 million, indicating competitive pressures in the market.
- 2026 Revenue Outlook: The company anticipates net revenue between $162 million and $168 million for 2026, suggesting that despite challenges, GrowGeneration is striving for stable revenue growth, particularly in its core business areas.
- Brand Sales Target: By the end of 2026, proprietary brand sales are expected to account for approximately 40% of cultivation and gardening revenue, aiming to enhance brand influence and market share, thereby driving long-term growth.
- Margin Improvement: The company projects gross margins for 2026 to be in the range of 27% to 29%, and with ongoing improvements in operating expense efficiency, GrowGeneration aims to achieve breakeven adjusted EBITDA for the year, reflecting a gradual improvement in its financial health.
See More
GrowGeneration to Announce Q4 Earnings on March 19
- Earnings Announcement Schedule: GrowGeneration is set to release its Q4 earnings on March 19 after market close, with consensus EPS estimate at -$0.07 and revenue estimate at $40.02 million, indicating a cautious market outlook on the company's financial performance.
- Historical Performance Review: Over the past year, GrowGeneration has beaten EPS estimates 0% of the time while exceeding revenue estimates 75% of the time, reflecting relative stability in revenue but highlighting a need for improvement in profitability.
- Market Reaction Expectations: Given the company's poor EPS performance, investors may adopt a wait-and-see approach ahead of the earnings report, especially in the current economic climate where any negative results could exert downward pressure on the stock price.
- Analyst Rating Focus: Market interest in GrowGeneration remains high, with Seeking Alpha's Quant Rating reflecting varying investor perspectives on the company's future performance, which could influence short-term investment decisions.
See More
GrowGeneration Announces Q4 and Full Year 2025 Financial Results Release Date
- Earnings Release Schedule: GrowGeneration will release its financial results for Q4 and full year 2025 on March 19, 2026, after market close, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Details: Following the earnings release, GrowGeneration will host a conference call at 4:30 p.m. ET, where investors can dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) to participate, using conference code 21623.
- Webcast Replay Availability: A replay of the webcast will be accessible approximately two hours after the call concludes and will remain available for about 90 days, allowing investors who could not attend live to access the information.
- Company Overview: GrowGeneration is one of the largest suppliers of specialty products for controlled environment agriculture (CEA) in the U.S., offering thousands of products including nutrients, additives, lighting, and environmental control systems to support commercial cultivation and retail garden centers.
See More
