GRWG Nasdaq Retail-Building Materials, Hardware, Garden Supply Financials FY2016βFY2025
GrowGeneration Corp. had $162M of revenue in fiscal 2025, down 14.4% on the year before. Over five years, revenue changed β3.5% a year on average.
Last close Β· Oct 23, 2026
$1.41
1.4%Hi! I read GrowGeneration Corp.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β14.4%
No. Sales fell 14.4% last year.
Does it make a profit?
β14.9%
No. It lost money last year.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· GrowGeneration Corp. had $162M of revenue in fiscal 2025, down 14.4% on the year before. Over five years, revenue changed β3.5% a year on average. Its operating margin was β15.8%, up 11.7Β pts: of every 100 in sales, about β16 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· GrowGeneration Corp. lost $24.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· GrowGeneration Corp. returned $0.0M to shareholders in fiscal 2025. The diluted share count fell 0.8%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M and sold $0.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
2 insiders
Sold, 12 months
$0.2M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 20, 2026 | Eula L AdamsDirector | Bought | 4,000 | $1.67 | $0.0M | Form 4 |
| May 18, 2026 | Darren LampertCEO, Director | Bought | 64,098 | $1.55 | $0.1M | Form 4 |
| Nov 13, 2025 | Darren LampertCEO, Director | Sold | 56,540 | $1.61 | $0.1M | Form 4 |
| Nov 12, 2025 | Darren LampertCEO, Director | Sold | 70,280 | $1.74 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably GrowGeneration Corp. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $81.2M | $71.9M | $65.0M | $56.5M | $46.1M |
| Debt incl. finance leases | $0.2M | $0.1M | $0.0M | β | β |
| Net debt / EBITDA | β2.9x | β | β | β | β |
| Debt / equity | 0.0x | 0.0x | 0.0x | β | β |
| Interest coverage | β | β7,994.0x | β513.9x | β742.5x | β |
| Current ratio | 4.6x | 4.8x | 4.8x | 4.7x | 4.0x |
| Quick ratio | 2.4x | 2.6x | 2.7x | 3.0x | 2.5x |
| Total assets | $459M | $293M | $239M | $174M | $147M |
| Total liabilities | $88.0M | $77.0M | $65.7M | $54.3M | $49.5M |
| Shareholders' equity | $371M | $216M | $173M | $120M | $97.5M |
| Net debt (β = net cash) | β$81.0M | β$71.9M | β$65.0M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· GrowGeneration Corp. passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 9 | 3 / 9 | 5 / 9 | 3 / 9 | 6 / 9 | 5 / 9 | 5 / 9 | 3 / 8 | 5 / 8 |
| Accruals ratio | 22.2% | 12.6% | β15.7% | 8.7% | 2.6% | 1.9% | β46.7% | β18.0% | β23.1% | β9.1% |
| Altman Z'' | 6.82 | 5.33 | 7.66 | 5.53 | 13.08 | 7.14 | 0.41 | 1.84 | β1.11 | β1.83 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.0M | $14.4M | $29.0M | $79.7M | $193M | $422M | $278M | $226M | $189M | $162M |
| Gross profit | $2.2M | $3.3M | $6.4M | $22.0M | $51.0M | $118M | $70.3M | $61.3M | $43.7M | $43.3M |
| Operating income | β$0.4M | β$2.9M | β$4.3M | $1.6M | $8.4M | $15.0M | β$168M | β$49.8M | β$52.0M | β$25.6M |
| Interest expense | $0.0M | $0.0M | $0.0M | $0.0M | β | β | $0.0M | $0.1M | $0.1M | $0.0M |
| Pretax income | β$0.4M | β | β | $1.3M | $8.6M | $15.2M | β$167M | β$46.5M | β$49.4M | β$23.9M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $3.3M | $2.4M | β$2.9M | $0.0M | $0.2M | $0.2M |
| Net income | β$0.4M | β$2.5M | β$5.1M | $1.3M | $5.3M | $12.8M | β$164M | β$46.5M | β$49.5M | β$24.0M |
| Diluted EPS | β$0.05 | β$0.18 | β$0.22 | $0.04 | $0.11 | $0.21 | β$2.69 | β$0.76 | β$0.82 | β$0.40 |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.03B | 0.05B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | β$1.4M | β$3.4M | β$1.5M | β$3.3M | β$0.2M | $5.2M | $11.9M | $1.4M | β$1.8M | β$9.4M |
| Capital expenditure | β | $0.4M | $0.1M | β | β | β | β | β | β | β |
| Free cash flow | β | β$3.8M | β$1.6M | β | β | β | β | β | β | β |
| Depreciation and amortization | $0.1M | $0.2M | $0.4M | $1.0M | $2.4M | $12.6M | $17.1M | $16.6M | $19.4M | $11.3M |
| Stock-based compensation | $0.2M | $1.1M | $1.9M | $2.5M | $7.9M | $6.6M | $5.0M | $3.2M | $2.4M | $1.5M |
| Acquisitions | β | β | β | β | β | $80.8M | $7.2M | $3.1M | $0.0M | $1.0M |
| Share buybacks | β | β | β | β | β | β | $0.0M | $0.0M | $6.0M | $0.0M |
| Dividends and buybacks | β | β | β | β | β | β | $0.0M | $0.0M | $6.0M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.6M | $1.2M | $14.6M | $13.0M | $178M | $81.2M | $71.9M | $65.0M | $56.5M | $46.1M |
| Total debt | $0.2M | $0.1M | $0.8M | $0.4M | $0.2M | $0.2M | $0.1M | $0.0M | β | β |
| Finance lease liabilities | β | β | β | β | $12.5M | β | β | β | β | β |
| Loans, net | β | β | β | β | $0.0M | β | β | β | β | β |
| Current assets | $3.6M | $7.2M | $25.0M | $41.1M | $250M | $217M | $171M | $147M | $113M | $104M |
| Current liabilities | $0.8M | $1.6M | $3.4M | $12.1M | $27.4M | $47.1M | $35.8M | $30.9M | $24.3M | $26.0M |
| Inventory | $2.6M | $4.6M | $8.9M | $21.6M | $54.0M | $106M | $77.1M | $64.9M | $40.3M | $38.8M |
| Property and equipment, net | $0.5M | $1.3M | $1.8M | $3.3M | $7.4M | $24.1M | $28.7M | $27.1M | $15.5M | $9.8M |
| Goodwill | $0.2M | $0.6M | $8.8M | $17.8M | $63.0M | $125M | $16.0M | $7.5M | $1.6M | $2.1M |
| Intangible assets | β | $0.1M | $0.1M | $0.2M | $20.5M | $48.4M | $30.9M | $16.2M | $8.8M | $3.3M |
| Total assets | $4.4M | $9.3M | $35.9M | $70.9M | $355M | $459M | $293M | $239M | $174M | $147M |
| Total liabilities | $0.9M | $1.7M | $5.8M | $18.1M | $37.7M | $88.0M | $77.0M | $65.7M | $54.3M | $49.5M |
| Shareholders' equity | $3.6M | $7.6M | $29.5M | $52.8M | $317M | $371M | $216M | $173M | $120M | $97.5M |
| Margins | ||||||||||
| Gross margin | 27.6% | 22.8% | 22.2% | 27.6% | 26.4% | 28.0% | 25.3% | 27.1% | 23.1% | 26.8% |
| Operating margin | β5.3% | β19.8% | β14.7% | 2.0% | 4.4% | 3.6% | β60.4% | β22.1% | β27.5% | β15.8% |
| EBITDA margin | β4.7% | β18.8% | β13.5% | 3.3% | 5.6% | 6.5% | β54.2% | β14.7% | β17.2% | β8.8% |
| Net margin | β5.4% | β17.7% | β17.5% | 1.7% | 2.8% | 3.0% | β58.9% | β20.6% | β26.2% | β14.9% |
| FCF margin | β | β26.5% | β5.5% | β | β | β | β | β | β | β |
| Returns | ||||||||||
| Return on capital | β10.8% | β34.7% | β21.4% | 3.9% | 3.9% | 4.3% | β91.8% | β36.3% | β | β |
| Return on capital employed | β11.8% | β37.2% | β13.1% | 2.7% | 2.6% | 3.6% | β65.2% | β23.9% | β34.6% | β21.1% |
| Return on equity | β12.1% | β45.7% | β27.3% | 3.2% | 2.9% | 3.7% | β55.7% | β23.9% | β33.7% | β22.1% |
| Return on assets | β9.7% | β37.1% | β22.5% | 2.5% | 2.5% | 3.1% | β43.5% | β17.5% | β24.0% | β15.0% |
| Return on tangible equity | β13.0% | β36.7% | β24.6% | 3.8% | 2.3% | 6.5% | β96.6% | β31.1% | β45.1% | β26.1% |
| Growth | ||||||||||
| Revenue growth | β | 80.0% | 101.9% | 174.9% | 142.5% | 118.5% | β34.2% | β18.8% | β16.4% | β14.4% |
| Net income growth | β | β | β | β | 303.0% | 140.0% | β1,380.7% | β | β | β |
| EPS growth | β | β | β | β | 175.0% | 90.9% | β1,381.0% | β | β | β |
| Share count change | β | 58.5% | 61.9% | 44.3% | 37.0% | 30.2% | 0.6% | 0.6% | β1.6% | β0.8% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β4.8x | β15.2x | β2.9x | β | β | β | β |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | β | β |
| Interest coverage | β80.4x | β186.3x | β180.3x | 35.0x | β | β | β7,994.0x | β513.9x | β742.5x | β |
| Current ratio | 4.3x | 4.5x | 7.3x | 3.4x | 9.1x | 4.6x | 4.8x | 4.8x | 4.7x | 4.0x |
| Quick ratio | 1.2x | 1.6x | 4.7x | 1.6x | 7.2x | 2.4x | 2.6x | 2.7x | 3.0x | 2.5x |
| Capital allocation | ||||||||||
| Capex / revenue | β | 2.8% | 0.2% | β | β | β | β | β | β | β |
| Stock comp / revenue | 2.7% | 7.5% | 6.5% | 3.1% | 4.1% | 1.6% | 1.8% | 1.4% | 1.3% | 0.9% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 2.0 | 3.0 | 5.0 | 3.0 | 6.0 | 5.0 | 5.0 | 3.0 | 5.0 |
| Altman Z'' | 6.8 | 5.3 | 7.7 | 5.5 | 13.1 | 7.1 | 0.4 | 1.8 | β1.1 | β1.8 |
| Accruals ratio | 22.2% | 12.6% | β15.7% | 8.7% | 2.6% | 1.9% | β46.7% | β18.0% | β23.1% | β9.1% |
Source: SEC EDGAR XBRL filings (CIK 0001604868). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
