Growth & profitability
- Revenue has declined 3.5% per year over the past 5 years.
- Operating margin has contracted, at -15.8% in the latest year.
Financial health
- Total debt has grown slower than revenue (-16.6% vs -3.5% per year).
GRWG Financials GrowGeneration Corp.
11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $162M | -$24M | 26.8% | -15.8% | -24.7% | -16.4% | — | — | $30M |
| 2024 | $189M | -$50M | 23.1% | -27.5% | -41.2% | -28.4% | — | — | $27M |
| 2023 | $226M | -$46M | 27.1% | -22.1% | -26.8% | -19.4% | — | — | $30M |
| 2022 | $278M | -$164M | 25.3% | -60.4% | -75.7% | -55.8% | — | $50000 | $40M |
| 2021 | $422M | $13M | 28.0% | 3.6% | 3.4% | 2.8% | — | $158000 | $41M |
| 2020 | $193M | $5M | 26.4% | 4.4% | 1.7% | 1.5% | — | $241000 | $178M |
| 2019 | $80M | $1M | 27.6% | 2.0% | 2.5% | 1.9% | — | $352310 | $13M |
| 2018 | — | -$5M | — | — | -17.2% | -14.1% | -$2M | $812439 | $15M |
| 2017 | — | -$3M | — | — | -33.5% | -27.5% | -$4M | $124244 | $1M |
| 2016 | — | -$431244 | — | — | -12.1% | -9.7% | — | $173049 | $606644 |
| 2015 | — | -$528756 | — | — | -24.6% | -20.3% | — | $80183 | $699417 |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $43M | -$2M | 28.5% | -5.4% | -2.2% | -1.5% | — | — | $23M |
| Mar '26 | $38M | -$5M | 25.4% | -13.7% | -5.3% | -3.5% | — | — | $22M |
| Dec '25 | $38M | -$7M | 24.1% | -20.1% | -7.6% | -5.0% | — | — | $30M |
| Sep '25 | $47M | -$2M | 27.2% | -6.0% | -2.3% | -1.5% | — | — | $27M |
| Jun '25 | $41M | -$5M | 28.3% | -12.9% | -4.5% | -3.0% | — | — | $23M |
| Mar '25 | $36M | -$9M | 27.2% | -27.7% | -8.4% | -5.7% | — | — | $33M |
| Dec '24 | $37M | -$23M | 16.4% | -63.9% | -19.4% | -13.4% | — | — | $27M |
| Sep '24 | $50M | -$11M | 21.6% | -24.2% | -8.0% | -5.7% | — | — | $27M |
| Jun '24 | $54M | -$6M | 26.9% | -12.2% | -3.8% | -2.7% | — | — | $28M |
| Mar '24 | $48M | -$9M | 25.8% | -19.7% | -5.3% | -3.8% | — | — | $31M |
| Dec '23 | $49M | -$27M | 23.5% | -56.8% | -15.8% | -11.4% | — | — | $30M |
| Sep '23 | $56M | -$7M | 29.1% | -14.4% | -3.7% | -2.7% | — | — | $31M |
| Jun '23 | $64M | -$6M | 26.8% | -9.9% | -2.8% | -2.0% | — | — | $30M |
| Mar '23 | $57M | -$6M | 28.7% | -13.1% | -2.9% | -2.2% | — | — | $63M |
| Dec '22 | $54M | -$15M | 17.6% | -28.9% | -6.9% | -5.1% | — | $50000 | $40M |
| Sep '22 | $71M | -$7M | 25.9% | -11.4% | -3.1% | -2.3% | — | $89000 | $71M |
| Jun '22 | $71M | -$136M | 28.5% | -192.4% | -57.6% | -42.9% | — | $113000 | $56M |
| Mar '22 | $82M | -$5M | 27.1% | -8.8% | -1.4% | -1.2% | — | $135000 | $47M |
| Dec '21 | $91M | -$4M | 25.5% | -7.7% | -1.1% | -0.9% | — | $158000 | $41M |
| Sep '21 | $116M | $4M | 29.4% | 4.0% | 1.1% | 0.8% | — | $203000 | $63M |
Valuation over time
How the market has priced GRWG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.6× (Sep '26).
P/S
Frequently asked questions
Is GRWG growing its revenue and profit?
Over the past 5 years, GrowGeneration Corp.'s revenue has declined 3.5% per year. These are computed facts, not advice.
How much debt does GRWG have?
As of FY2025, GrowGeneration Corp. reported — of total debt against $30M of cash.
What is GRWG's profit margin?
In FY2025, gross margin was 26.8%, operating margin -15.8%, and net margin -14.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.