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GrowGeneration Corp. Income Statement 2025-2011 | GRWG
Brief overview of revenue and earnings at GrowGeneration Corp.
The conclusions below are based on five years of reported results. GrowGeneration Corp. reported revenue of 193 million dollars in 2020 and 162 million dollars by 2025. The cumulative result was −16.4%, corresponding to roughly −3.5% per year. The business finished the period with a smaller revenue base.
The gross result shifted from $51 million to $43.3 million, or −15.2%. Revenue and direct costs changed at similar rates. Comparing the endpoints gives gross margins of 26.4% and 26.8%. There was no meaningful shift in gross profitability.
EBITDA changed from 10.9 million dollars to −14.3 million dollars (−231.4%). EBITDA underperformed the top-line trend. The EBITDA share of revenue changed from 5.6% to −8.8%. The margin contraction indicates weaker operating efficiency.
Net income moved from 5.3 million dollars at the start to −24 million dollars at the end. The move from profit to loss indicates a material deterioration in final efficiency.
The five-year change in capitalization reached −96.7%: from $2.1 billion to $69.2 million. The financial trend was stronger than the market valuation.
Overall conclusion
Signs of deterioration dominate the five-year picture. Key strengths include a stable gross margin. The weaker side of the profile includes a narrow EBITDA buffer, declining net profitability and lower investor confidence. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement GrowGeneration Corp.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
69.2 M | 69.8 M | 125 M | 124 M | 500 M | 2.07 B | 165 M | 70.5 M | 83.4 M | 22.7 M | - | - | - | - | - |
Shares |
59.7 M | 60.2 M | 61.2 M | 60.8 M | 59.2 M | 47.9 M | 32.8 M | 23.5 M | 14.5 M | 9.15 M | - | - | - | - | - |
Historical Prices |
1.16 | 1.16 | 2.04 | 2.04 | 8.44 | 43.2 | 4.76 | 2.99 | - | - | - | - | - | - | - |
Net Income |
-24 M | -49.5 M | -46.5 M | -164 M | 12.8 M | 5.33 M | 1.88 M | -5.07 M | -2.54 M | -431 K | -529 K | - | - | - | - |
Revenue |
162 M | 189 M | 226 M | 278 M | 422 M | 193 M | 79.7 M | 29 M | 14.4 M | 7.98 M | 3.46 M | - | - | - | - |
Cost of Revenue |
118 M | 145 M | 165 M | 208 M | 304 M | 142 M | 57.7 M | 22.6 M | 11.1 M | 5.78 M | 491 K | - | - | - | - |
Gross Profit |
43.3 M | 43.7 M | 61.3 M | 70.3 M | 118 M | 51 M | 22.6 M | 6.44 M | 3.27 M | 2.2 M | 1.1 M | - | - | - | - |
Operating Income |
-25.6 M | -52 M | -49.8 M | -168 M | 15 M | 8.44 M | 1.58 M | -4.26 M | -2.85 M | -426 K | -515 K | - | - | - | - |
Interest Expense |
- | -13 K | 781 K | 684 K | -216 K | -14 K | 45.2 K | 23.6 K | 15.3 K | 5.25 K | 2.92 K | - | - | - | - |
EBITDA |
-14.3 M | -32.5 M | -33.2 M | -151 M | 27.6 M | 10.9 M | 3.18 M | -3.9 M | -2.7 M | -281 K | -480 K | - | - | - | - |
Operating Expenses |
68.9 M | 95.7 M | 111 M | 238 M | 103 M | 42.6 M | 20.4 M | 10.7 M | 6.12 M | 2.54 M | 1.6 M | - | - | - | - |
General and Administrative Expenses |
26.3 M | 29.2 M | 29.8 M | 36.8 M | 39.5 M | 21.5 M | 9.28 M | 5.15 M | 3.01 M | 2.07 M | 1.39 M | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement GrowGeneration Corp.
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
59.6 M | 60.1 M | - | 59.8 M | 59.6 M | 59.4 M | 59.4 M | 59.3 M | 60.7 M | 61.5 M | 61.5 M | 61.3 M | 61.1 M | 61 M | 61 M | 60.9 M | 60.8 M | 60.1 M | 59.9 M | 58.5 M | 59.1 M | 58.4 M | 57.2 M | 47.9 M | 38.6 M | 37.8 K | 36.9 M | 35.7 M | 30.3 M | 28.4 M | 27.9 M | 25.6 M | 21.9 M | 18.4 M | 16.8 M | 14.8 M | 14 M | 12.1 M | 11.7 M | 10.6 M | 9.48 M | 8.97 M | 8.97 M | 6.56 M | 6.56 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-4.81 M | -4.92 M | - | -2.44 M | -4.81 M | -9.38 M | - | -11.4 M | -5.9 M | -8.84 M | - | -7.35 M | -5.7 M | -6.13 M | - | -7.2 M | -136 M | -5.18 M | - | 4.03 M | 6.71 M | 6.15 M | - | 3.34 M | 2.57 M | -2.09 M | - | 1.05 M | 1.06 M | 229 K | - | -785 K | -930 K | -953 K | - | -461 K | -340 K | -283 K | - | 10.8 K | -144 K | -78.8 K | - | -145 K | 30.6 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
41 M | 38.4 M | - | 47.3 M | 41 M | 35.7 M | - | 50 M | 53.5 M | 47.9 M | - | 55.7 M | 63.9 M | 56.8 M | - | 70.8 M | 71.1 M | 81.8 M | - | 116 M | 126 M | 90 M | - | 55 M | 43.5 M | 33 M | - | 21.8 M | 19.5 M | 13.1 M | - | 8.41 M | 7.15 M | 4.38 M | - | 4.03 M | 4.11 M | 2.58 M | - | 2.17 M | 1.91 M | 1.54 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
29.4 M | 28.7 M | - | 34.4 M | 29.4 M | 26 M | - | 39.2 M | 39.1 M | 35.5 M | - | 39.5 M | 46.8 M | 40.5 M | - | 52.5 M | 50.9 M | 59.6 M | - | 81.9 M | 90.2 M | 64.6 M | - | 40.4 M | 31.9 M | 24 M | - | 15.3 M | 13.7 M | 9.4 M | - | 6.25 M | 5.42 M | 3.19 M | - | 2.91 M | 2.96 M | 1.9 M | - | 1.56 M | 1.34 M | 1.05 M | - | 15.7 K | 11.3 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
11.6 M | 9.74 M | - | 12.9 M | 11.6 M | 9.71 M | - | 10.8 M | 14.4 M | 12.4 M | - | 16.2 M | 17.1 M | 16.3 M | - | 18.3 M | 20.2 M | 22.1 M | - | 34.1 M | 35.7 M | 25.4 M | - | 14.6 M | 11.6 M | 8.95 M | - | 6.5 M | 5.82 M | 3.69 M | - | 2.16 M | 1.73 M | 1.19 M | - | 1.12 M | 1.15 M | 681 K | - | 609 K | 570 K | 492 K | - | 346 K | 262 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-5.27 M | -5.26 M | - | -2.84 M | -5.27 M | -9.87 M | - | -12.1 M | -6.51 M | -9.43 M | - | -8.03 M | -6.3 M | -7.42 M | - | -8.09 M | -137 M | -7.22 M | - | 4.68 M | 9.61 M | 7.74 M | - | 5.1 M | 2.81 M | -2.12 M | - | 1.13 M | 1.17 M | 350 K | - | -575 K | -622 K | -660 K | - | -458 K | -338 K | -282 K | - | 12.2 K | -143 K | -78.3 K | - | -145 K | 33.2 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | - | - | - | - | - | - | -50 K | -10 K | 47 K | - | -23 K | -51 K | 860 K | - | 34 K | 104 K | 409 K | - | 78 K | -8 K | -38 K | - | -14 K | -66 K | 5 K | - | 27.1 K | 3.16 K | 6.69 K | - | -4.8 K | 11.3 K | 8.02 K | - | 3.42 K | 2.61 K | 1.15 K | - | 1.38 K | 1.11 K | 553 | - | 172 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-4.07 M | -3.65 M | - | -193 K | -2.59 M | -6.29 M | - | -7.12 M | -2.9 M | -5.69 M | - | -3.31 M | -2.48 M | -3.49 M | - | -4.22 M | -132 M | -2.72 M | - | 13.2 M | 14.6 M | 9.79 M | - | 6.37 M | 3.64 M | -1.76 M | - | 1.67 M | 1.46 M | 496 K | - | -345 K | -495 K | -615 K | - | -395 K | -298 K | -262 K | - | 50.4 K | -131 K | -68.4 K | - | -135 K | 36.1 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
16.9 M | 15 M | - | 15.7 M | 16.9 M | 19.6 M | - | 22.9 M | 20.9 M | 21.8 M | - | 24.2 M | 23.4 M | 23.7 M | - | 26.4 M | 157 M | 29.4 M | - | 29.4 M | 26.1 M | 17.6 M | - | 9.47 M | 8.78 M | 11.1 M | - | 5.37 M | 4.65 M | 3.34 M | - | 2.73 M | 2.35 M | 1.85 M | - | 1.57 M | 1.49 M | 963 K | - | 597 K | 712 K | 570 K | - | 491 K | 229 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
6.15 M | 6.93 M | - | 5.71 M | 6.15 M | 7.11 M | - | 7.4 M | 7.1 M | 7.91 M | - | 7.58 M | 7.5 M | 6.84 M | - | 8.8 M | 9.76 M | 9.61 M | - | 10.5 M | 10.6 M | 7.4 M | - | 858 K | 1.15 M | 1.15 M | - | 804 K | 549 K | 493 K | - | 375 K | 399 K | 364 K | - | 238 K | 225 K | 187 K | - | 98.7 K | 118 K | 289 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company GrowGeneration Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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