urban-gro (UGRO) AI Stock Analysis

• Market Cap: $3.40M
• Dividend Yield: N/A
• Average Volume (3M): 8.14M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 130
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): N/A
• Shares Outstanding: 14,802,789
• 10 Day Avg. Volume: 23,631,735
• 30 Day Avg. Volume: 8,137,475
• PEG Ratio: -0.05
• Price to Book (P/B): 7.17
• Price to Sales (P/S): 1.73
• P/FCF Ratio: 18.37
• Enterprise Value/Market Cap: 2.10
• Enterprise Value/Revenue: 0.12
• Enterprise Value/Gross Profit: 0.86
• Enterprise Value/Ebitda: -0.60
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: ―

urban-gro's overall stock score is low due to significant financial, technical, and corporate challenges. The company's negative profitability and weak balance sheet weigh heavily on its financial health. Additionally, technical indicators point to continued downward momentum, with substantial risks from potential Nasdaq delisting adding to investor concerns. While there is some improvement in cash flow, it is overshadowed by persistent financial and operational issues.

Positive Factors

Revenue Growth

Revenue growth indicates expanding market presence and successful client acquisition, which are critical for long-term business sustainability.

Comprehensive Solutions

Offering comprehensive solutions enhances customer value and strengthens competitive positioning, fostering client loyalty and repeat business.

Market Focus

Targeting high-growth markets like cannabis and indoor agriculture positions urban-gro to capitalize on industry expansion and increasing demand.

Negative Factors

Nasdaq Delisting Risk

Delisting risk can severely impact investor confidence and limit access to capital markets, posing a threat to financial stability and growth.

Negative Profitability

Sustained negative profitability undermines financial health and could hinder investment in growth initiatives, affecting long-term viability.

High Leverage

High leverage increases financial risk, limits operational flexibility, and can strain cash flows, affecting the company's ability to weather downturns.

urban-gro Business Overview & Revenue Model

Company Description

urban-gro, Inc. engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services. It also offers facility and equipment commissioning services; gro-care crop and asset protection services, including training services, equipment maintenance services, asset protection program, and an interactive online operating support system for gro-care and client document delivery and project management; and property condition assessment services. In addition, the company provides integrated equipment systems solutions, such as design, source, and integration of complex environmental equipment systems comprising heating, ventilation, and air conditioning solutions, as well as environmental control, fertigation, irrigation distribution, water treatment, and wastewater reclamation systems; and commercial horticulture lighting solutions, rolling and automated container benching systems, specialty fans, microbial mitigation, and odor reduction systems. Further, it offers value-Added Reselling (VAR) of cultivation equipment systems; and strategic vendor relationships with premier manufacturers. It primarily markets and sells its solutions to clients in the CEA that includes operators and facilitators in the cannabis and produce markets; and commercial sectors comprising food and beverage consumer packaged goods companies, healthcare, higher education, and hospitality. urban-gro, Inc. was founded in 2014 and is based in Lafayette, Colorado.

How the Company Makes Money

urban-gro generates revenue through a combination of design and engineering services, systems integration, and equipment sales. The company provides architectural and engineering design services, which are customized to meet the specific needs of indoor cultivation facilities. In addition, urban-gro sells integrated cultivation systems, including lighting, fertigation, and environmental control systems, which are essential for optimizing indoor growing environments. The company also collaborates with various equipment manufacturers and technology providers to offer comprehensive solutions to its clients, thereby enhancing its revenue stream by bundling these services and products. Significant partnerships with industry-leading manufacturers and a focus on the rapidly growing cannabis and indoor agriculture markets are key factors contributing to urban-gro's earnings.

urban-gro Financial Statement Overview

Summary

urban-gro faces significant financial challenges, with persistent losses and high leverage. Although revenue growth is a positive aspect, the company's profitability metrics are concerning, with negative margins across key income statement indicators. The balance sheet highlights a precarious financial position due to negative equity and high liabilities. Cash flow issues further compound these problems, although there is a slight improvement in free cash flow. The company needs to address operational inefficiencies and financial leverage to improve its financial health.

Income Statement

urban-gro's revenue has shown growth over the years, with a notable increase in 2023 compared to previous years. However, the company has consistently reported negative net income, resulting in a negative net profit margin. The gross profit margin has decreased over time, indicating declining efficiency in production or pricing strategy. EBIT and EBITDA margins remain negative, reflecting ongoing operational challenges.

Balance Sheet

The company has a high debt-to-equity ratio, particularly in earlier years, but improved in 2023. Stockholders' equity has significantly decreased, indicating potential financial strain. The equity ratio has declined over time, reflecting increased reliance on liabilities to finance assets. Despite an increase in total assets, the financial position remains weak due to negative equity and high liabilities.

Cash Flow

urban-gro has consistently reported negative free cash flow, indicating challenges in generating sufficient cash to cover capital expenditures. The operating cash flow is also negative, reflecting difficulties in sustaining cash from operations. However, the company has improved its free cash flow from 2022 to 2023, showing some progress in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.38M	40.01M	71.54M	66.30M	62.11M	25.84M
Gross Profit	8.26M	1.49M	10.29M	14.21M	14.76M	5.72M
EBITDA	-11.98M	-33.47M	-16.99M	-14.06M	589.74K	-3.32M
Net Income	-13.59M	-36.50M	-18.68M	-15.28M	-875.67K	-5.07M
Balance Sheet
Total Assets	49.21M	19.49M	64.38M	62.07M	74.16M	8.16M
Cash, Cash Equivalents and Short-Term Investments	1.14M	819.05K	1.11M	12.01M	34.59M	184.47K
Total Debt	6.44M	8.34M	5.29M	6.48M	694.46K	8.24M
Total Liabilities	46.81M	44.14M	44.31M	27.33M	25.99M	15.57M
Stockholders Equity	2.39M	-24.64M	20.07M	34.73M	48.17M	-7.41M
Cash Flow
Free Cash Flow	-5.70M	-2.95M	-11.81M	-13.19M	-1.86M	-3.81M
Operating Cash Flow	-5.45M	-2.82M	-11.19M	-12.61M	-1.56M	-3.63M
Investing Cash Flow	-256.26K	-131.36K	1.71M	-4.45M	-8.34M	-175.97K
Financing Cash Flow	2.11M	2.70M	-1.41M	-5.52M	44.31M	3.54M

urban-gro Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UGRO, the sentiment is Negative. The current price of 0.23 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.28, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 36.54 is Neutral, neither overbought nor oversold. The STOCH value of -0.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UGRO.

urban-gro Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARTW	66 Neutral	$12.15M	6.63	15.99%	―	-4.37%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HYFM	45 Neutral	$7.65M	-0.12	-30.93%	―	-26.84%	-0.16%
UGRO	38 Underperform	$3.40M	-0.14	―	―	―	―

urban-gro Corporate Events

urban-gro Faces Nasdaq Delisting Due to Filing Issues

On October 14, 2025, urban-gro, Inc. attended a Nasdaq hearing due to non-compliance with several Nasdaq Listing Rules, including maintaining a minimum bid price, timely filing of financial reports, and stockholders’ equity requirements. On November 18, 2025, the company received a determination letter from Nasdaq indicating an additional basis for delisting due to a filing delinquency. Despite being granted an exception period to regain compliance, urban-gro faces uncertainty in meeting the requirements by the specified deadlines, impacting its continued listing on the Nasdaq Capital Market.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

urban-gro Sells Customer Lists in New Agreement

On November 5, 2025, urban-gro, Inc. subsidiaries entered into a Purchase Agreement with 2WR of Georgia, Inc., selling certain customer lists for $143,000 in cash. This agreement includes non-competition and non-solicitation restrictions for the Seller Parties and indemnification provisions for the Buyer, impacting urban-gro’s operational strategies and stakeholder relations.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

urban-gro Granted Conditional Nasdaq Listing Extension

On October 30, 2025, urban-gro, Inc. received a notice from Nasdaq stating that the company has been granted a conditional extension to continue its listing on The Nasdaq Capital Market. This extension is contingent on urban-gro regaining compliance with specific Nasdaq rules, including filing timely financial reports and meeting stockholder equity requirements by December 31, 2025, and achieving a minimum bid price by January 28, 2026. The company must notify the Nasdaq Panel of any significant events affecting compliance, and there is no guarantee that urban-gro will meet these conditions.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

urban-gro Faces Lawsuit Over Loan Agreement

On October 1, 2024, urban-gro, Inc. entered into a secured loan agreement with Grow Hill, LLC for $2,100,000, which included a $100,000 origination fee. However, on October 14, 2025, urban-gro was served with a lawsuit by the lender alleging breach of contract and fraud due to missed payments, leading to an acceleration of the loan amount. The company is exploring options to resolve the lawsuit and plans to defend against the fraud allegations.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

urban-gro Announces Merger with Flash Sports & Media

On October 14, 2025, urban-gro, Inc. entered into a binding letter of intent with Flash Sports & Media, Inc. to merge Flash into a newly formed subsidiary, which would then merge into a second subsidiary. The merger would result in Flash stockholders owning approximately 90% of the company, and the company would change its name to Flash Sports & Media Holdings, Inc. The merger would involve a reconstitution of the board of directors and require stockholder approval for the conversion of preferred stock.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.

urban-gro Faces Nasdaq Delisting Hearing in October

urban-gro, Inc. received a deficiency letter from Nasdaq on February 24, 2025, due to its common stock trading below the minimum required price of $1.00 per share for 30 consecutive business days. On August 28, 2025, Nasdaq issued a determination letter stating that urban-gro failed to regain compliance with the minimum bid requirement by August 25, 2025, which could lead to delisting. The company also failed to meet the timely filing and stockholders’ equity requirements. A hearing with the Nasdaq Hearings Panel is scheduled for October 14, 2025, but there is no assurance of regaining compliance or a successful appeal.

The most recent analyst rating on (UGRO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on urban-gro stock, see the UGRO Stock Forecast page.