GrowGeneration (GRWG)
NASDAQ:GRWG
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful structural improvements in 2025—material margin expansion, strong proprietary brand momentum, substantial reductions in operating expenses, improved adjusted EBITDA trajectory, a healthy cash position, and clear 2026 targets (including breakeven adjusted EBITDA). These positives were balanced against the ongoing revenue decline from store consolidations, a remaining GAAP net loss and negative adjusted EBITDA in 2025, continued market headwinds (including tariff impacts), and further retail footprint reductions. Management provided constructive guidance and concrete execution items (brand expansion, B2B/digital channels, distribution partnerships, MMI growth, and a $10M buyback), indicating confidence in near-term recovery toward profitability.Company Guidance
Gross Margin Expansion
Full-year gross margin expanded 370 basis points to 26.8% (from 23.1%) in 2025; fourth-quarter gross margin improved to 24.1% from 16.4% year over year (+770 bps), driven by higher proprietary brand penetration and absence of prior restructuring costs.
Adjusted EBITDA and Profitability Progress
Adjusted EBITDA improved by $8.5 million year over year, moving from negative $14.5 million in 2024 to negative $6.0 million in 2025 (a 58.9% improvement), positioning the company within striking distance of breakeven.
GAAP Net Loss Reduction
GAAP net loss narrowed to $24.0 million for full-year 2025 (negative $0.40 per share), a $25.5 million improvement compared to a $49.5 million loss in 2024 (negative $0.82 per share).
Proprietary Brand Momentum
Proprietary/private-label penetration grew to 32.8% of Cultivation & Gardening revenue for the full year (up from 24.2%), with Q4 penetration at 35.8% (up from 30.4%); absolute proprietary brand sales rose 11.3% to $44.0 million (from $39.5 million).
Q4 Revenue Stability Despite Fewer Stores
Fourth-quarter net sales returned to year-over-year growth at $37.8 million, up $0.4 million (+~1.1%) from $37.4 million a year earlier despite operating with eight fewer retail locations.
Material Operating Expense Reductions
Company removed nearly $27 million of operating expenses year over year (a ~28% reduction); Q4 total operating expenses declined $13.3 million (45.3%) to $16.7 million versus $30.1 million prior-year period, and store/other operating expenses fell ~26.6% in Q4.
Strong Balance Sheet and Capital Actions
Ended 2025 with $46.1 million in cash and no debt; Board authorized up to $10 million share repurchase program reflecting confidence in valuation and financial flexibility.
Business Diversification and Growth Initiatives
Progress on multi-channel expansion: international distribution partnerships (EU via V1 Solutions, Central America/Costa Rica), entry into independent garden center and big-box channels via Arett partnership and Viagrow acquisition, MMI Storage Solutions grew to $27.5 million in revenue, and digital B2B e-commerce adoption (Pro portal) continued to scale.
2026 Outlook and Targets
Management guides modest revenue growth with net revenue $162M–$168M, proprietary brand penetration target ~40% by year-end, gross margin target 27%–29%, and expectation of approximately breakeven adjusted EBITDA for full-year 2026.
GRWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GRWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $1.09 | $1.16 | +6.42% |
Nov 06, 2025 | $1.38 | $1.77 | +28.26% |
Aug 11, 2025 | $1.26 | $1.49 | +18.25% |
May 08, 2025 | $1.23 | $1.04 | -15.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GrowGeneration (GRWG) report earnings?
GrowGeneration (GRWG) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is GrowGeneration (GRWG) earnings time?
GrowGeneration (GRWG) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRWG EPS forecast?
GRWG EPS forecast for the fiscal quarter 2026 (Q1) is -0.08.