GRWG · GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, operates as a developer, marketer, retailer, and distributor of products for both indoor and outdoor hydroponic and organic gardening in the United States. It operates in two segments, Cultivation and Gardening, and Storage Solutions. The company sells hydroponic and organic gardening related products, including nutrients, additives, growing media, lighting, environmental control systems, and other products for indoor and outdoor cultivation through hydroponic retail locations, commercial sales, wholesale, and an online platform at growgeneration.com under the Charcoir, Drip Hydro, Power Si, Ion lights, The Harvest Company, Viagrow, and other brands. It also provides customized storage solutions, such as high-density mobile storage systems, and static shelving, as well as other accessories such as desks, lockers, safes, and secured storage; and various services, including site surveys, floor plan designs, capacity analysis, seismic calculations, permitting, and installation under the Mobile Media or MMI brand for agriculture, retail, warehousing, office and administrative, food service, hospitality, golf and country clubs, and other markets. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $1.47 |
| SO | 60.1M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 60.1M |
| MC | $88.0M |
| Cash | $21.7M |
| Total debt | — |
| EV | $66.4M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.4x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 29.8% |
| Insiders | 8.2% |
| # Institutions | 119 |
| Analysts | 2 |
| Consensus | — |
| Avg target | $2.00 |
| Short % float | 2.5% |
| Days to cover | 3.78 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-04. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 38.39 | 37.82 | 47.25 | 40.96 |
| Revenue YoY % | 7.5% | 1.0% | (5.5%) | (23.5%) |
| Cost of Revenue | 28.65 | 28.70 | 34.40 | 29.37 |
| Gross Profit | 9.74 | 9.12 | 12.86 | 11.59 |
| Gross Profit YoY % | 0.3% | 48.8% | 18.9% | (19.6%) |
| Gross Margin % | 25.4% | 24.1% | 27.2% | 28.3% |
| SG&A | 6.93 | 7.30 | 5.71 | 6.15 |
| Operating Expense | 15.01 | 16.71 | 15.70 | 16.87 |
| Operating Income | (5.26) | (7.59) | (2.84) | (5.27) |
| Operating Income YoY % | 46.7% | 68.3% | 76.5% | 19.0% |
| Operating Margin % | (13.7%) | (20.1%) | (6.0%) | (12.9%) |
| EBITDA | (3.65) | (5.22) | (0.19) | (2.59) |
| EBITDA Margin % | (9.5%) | (13.8%) | (0.4%) | (6.3%) |
| Interest Expense | — | 0.00 | 0.00 | 0.00 |
| Pretax Income | (4.94) | (7.23) | (2.44) | (4.81) |
| Tax Provision | (0.02) | 0.19 | 0.00 | 0.00 |
| Net Income | (4.92) | (7.42) | (2.44) | (4.81) |
| Net Margin % | (12.8%) | (19.6%) | (5.2%) | (11.7%) |
| Diluted EPS | -$0.08 | -$0.12 | -$0.04 | -$0.08 |
| Basic EPS | -$0.08 | -$0.12 | -$0.04 | -$0.08 |
| Diluted Avg Shares | 60.1 | — | 59.8 | 59.6 |
| Basic Avg Shares | 60.1 | — | 59.8 | 59.6 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 164.43 | 161.74 | 188.87 | 225.88 | 278.17 |
| Revenue YoY % | 1.7% | (14.4%) | (16.4%) | (18.8%) | — |
| Cost of Revenue | 121.12 | 118.47 | 145.14 | 164.62 | 207.90 |
| Gross Profit | 43.31 | 43.27 | 43.72 | 61.26 | 70.26 |
| Gross Profit YoY % | 0.1% | (1.0%) | (28.6%) | (12.8%) | — |
| Gross Margin % | 26.3% | 26.8% | 23.1% | 27.1% | 25.3% |
| SG&A | 26.08 | 26.27 | 29.24 | 29.80 | 36.76 |
| Operating Expense | 64.28 | 68.86 | 95.69 | 111.10 | 238.14 |
| Operating Income | (20.98) | (25.59) | (51.97) | (49.84) | (167.88) |
| Operating Income YoY % | 18.0% | 50.8% | (4.3%) | 70.3% | — |
| Operating Margin % | (12.8%) | (15.8%) | (27.5%) | (22.1%) | (60.4%) |
| EBITDA | (11.65) | (14.29) | (32.54) | (33.24) | (150.74) |
| EBITDA Margin % | (7.1%) | (8.8%) | (17.2%) | (14.7%) | (54.2%) |
| Interest Expense | — | 0.00 | 0.07 | 0.10 | 0.02 |
| Other Income / (Expense) | 1.56 | 1.73 | 2.69 | 3.48 | 1.26 |
| Pretax Income | (19.42) | (23.86) | (49.35) | (46.46) | (166.63) |
| Tax Provision | 0.17 | 0.19 | 0.16 | 0.03 | (2.88) |
| Net Income | (19.59) | (24.05) | (49.51) | (46.50) | (163.75) |
| Net Margin % | (11.9%) | (14.9%) | (26.2%) | (20.6%) | (58.9%) |
| Diluted EPS | -$0.32 | -$0.40 | -$0.82 | -$0.76 | -$2.69 |
| Basic EPS | -$0.32 | -$0.40 | -$0.82 | -$0.76 | -$2.69 |
| Diluted Avg Shares | 60.1 | 59.7 | 60.2 | 61.2 | 60.8 |
| Basic Avg Shares | 60.1 | 59.7 | 60.2 | 61.2 | 60.8 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 21.68 | 30.41 | 27.36 | 23.31 |
| Short-term Investments | 19.44 | 15.66 | 20.95 | 25.40 |
| Receivables | 14.00 | 10.67 | 12.98 | 10.43 |
| Inventory | 36.95 | 38.78 | 40.18 | 41.74 |
| Other Current Assets | 7.62 | 8.24 | 10.32 | 8.12 |
| Total Current Assets | 99.69 | 103.75 | 111.80 | 108.99 |
| Net PPE | 9.03 | 9.79 | 10.88 | 11.95 |
| Operating Lease ROU | 25.19 | 27.05 | 29.46 | 30.67 |
| Goodwill | 2.08 | 2.08 | 2.05 | 1.60 |
| Intangible Assets | 2.57 | 3.33 | 4.65 | 6.63 |
| Other Assets | 1.02 | 1.04 | — | — |
| Total Assets | 139.58 | 147.04 | 159.60 | 160.61 |
| Accounts Payable | 9.58 | 8.78 | 11.59 | 11.61 |
| Current Lease Liabilities | 5.83 | 6.46 | 6.78 | 7.00 |
| Other Current Liabilities | 9.20 | 10.74 | 10.96 | 8.66 |
| Total Current Liabilities | 24.61 | 25.98 | 29.33 | 27.27 |
| Long-term Lease Liabilities | 21.63 | 23.02 | 25.14 | 26.19 |
| Other Liabilities | 0.51 | 0.54 | — | — |
| Total Liabilities | 46.75 | 49.54 | 54.90 | 53.89 |
| Retained Earnings | (284.61) | (279.69) | (272.27) | (269.83) |
| Total Equity | 92.83 | 97.50 | 104.70 | 106.72 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 21.68 | 30.41 | 27.47 | 29.76 | 40.05 |
| Short-term Investments | 19.44 | 15.66 | 28.98 | 35.21 | 31.85 |
| Receivables | 14.00 | 10.67 | 7.36 | 8.89 | 8.34 |
| Inventory | 36.95 | 38.78 | 40.30 | 64.91 | 77.09 |
| Other Current Assets | 7.62 | 8.24 | 9.10 | 8.68 | 13.35 |
| Total Current Assets | 99.69 | 103.75 | 113.21 | 147.45 | 170.68 |
| Net PPE | 9.03 | 9.79 | 15.49 | 27.05 | 28.67 |
| Operating Lease ROU | 25.19 | 27.05 | 34.45 | 39.93 | 46.43 |
| Goodwill | 2.08 | 2.08 | 1.60 | 7.53 | 15.98 |
| Intangible Assets | 2.57 | 3.33 | 8.78 | 16.18 | 30.88 |
| Other Assets | 1.02 | 1.04 | — | — | — |
| Total Assets | 139.58 | 147.04 | 174.35 | 239.09 | 293.44 |
| Accounts Payable | 9.58 | 8.78 | 8.15 | 11.67 | 15.73 |
| Current Debt | — | — | — | 0.00 | 0.05 |
| Current Lease Liabilities | 5.83 | 6.46 | 7.40 | 8.02 | 8.13 |
| Other Current Liabilities | 9.20 | 10.74 | 8.73 | 11.24 | 11.88 |
| Total Current Liabilities | 24.61 | 25.98 | 24.27 | 30.93 | 35.79 |
| Long-term Debt | — | — | — | — | 0.00 |
| Long-term Lease Liabilities | 21.63 | 23.02 | 29.63 | 34.45 | 40.66 |
| Other Liabilities | 0.51 | 0.54 | — | — | 0.59 |
| Total Liabilities | 46.75 | 49.54 | 54.26 | 65.69 | 77.05 |
| Retained Earnings | (284.61) | (279.69) | (255.64) | (200.10) | (153.60) |
| Total Equity | 92.83 | 97.50 | 120.09 | 173.40 | 216.40 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (4.92) | (7.42) | (2.44) | (4.81) |
| D&A | 1.61 | 2.37 | 2.65 | 2.69 |
| Stock-Based Comp | 0.26 | 0.27 | 0.40 | 0.30 |
| Δ Working Cap & Other | (1.99) | 2.58 | (1.11) | (1.10) |
| Operating Cash Flow | (5.05) | (2.20) | (0.50) | (2.92) |
| Acquisitions | — | 0.00 | 0.00 | — |
| Other Investing | (3.68) | 5.36 | 4.55 | (6.46) |
| Investing Cash Flow | (3.68) | 5.36 | 4.55 | (6.46) |
| Stock Buyback | — | 0.00 | 0.00 | — |
| Financing Cash Flow | 0.00 | (0.11) | (0.00) | (0.05) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (19.59) | (24.05) | (49.51) | (46.50) | (163.75) |
| D&A | 9.32 | 11.29 | 19.44 | 16.61 | 17.13 |
| Stock-Based Comp | 1.23 | 1.51 | 2.42 | 3.17 | 4.97 |
| Δ Working Cap & Other | (1.62) | 1.79 | 25.85 | 28.14 | 153.60 |
| Operating Cash Flow | (10.67) | (9.45) | (1.80) | 1.42 | 11.95 |
| Acquisitions | — | (1.01) | 0.00 | (3.05) | (7.23) |
| Other Investing | — | 13.62 | 5.73 | (8.36) | (4.34) |
| Investing Cash Flow | (0.24) | 12.60 | 5.73 | (11.40) | (11.57) |
| Debt Repayment | — | 0.00 | 0.00 | (0.05) | (0.11) |
| Stock Buyback | — | 0.00 | (6.04) | 0.00 | 0.00 |
| Other Financing | — | — | — | — | (1.58) |
| Financing Cash Flow | (0.16) | (0.22) | (6.21) | (0.31) | (1.69) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 4.05 | 3.99 | 3.81 | 4.00 |
| Quick Ratio | 2.55 | 2.50 | 2.44 | 2.47 |
| Debt / Equity | 0.50 | 0.51 | 0.52 | 0.50 |
| EBITDA Margin % | (9.5%) | (13.8%) | (0.4%) | (6.3%) |
| Working Capital | 75.08 | 77.77 | 82.47 | 81.72 |
| Net Debt | — | — | — | — |
| ROE % | (5.3%) | (7.6%) | (2.3%) | (4.5%) |
| ROA % | (3.5%) | (5.0%) | (1.5%) | (3.0%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 4.05 | 3.99 | 4.66 | 4.77 | 4.77 |
| Quick Ratio | 2.55 | 2.50 | 3.00 | 2.67 | 2.61 |
| Debt / Equity | 0.50 | 0.51 | 0.45 | 0.38 | 0.36 |
| EBITDA Margin % | (7.1%) | (8.8%) | (17.2%) | (14.7%) | (54.2%) |
| Working Capital | 75.08 | 77.77 | 88.93 | 116.52 | 134.89 |
| Net Debt | — | — | — | — | (40.05) |
| ROE % | (21.1%) | (24.7%) | (41.2%) | (26.8%) | (75.7%) |
| ROA % | (14.0%) | (16.4%) | (28.4%) | (19.4%) | (55.8%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-19 | Lampert Darren | Director, Officer (CEO) | 2026-05-18 | P | 64,098 | $1.55 | $99,352 |
| 2025-12-17 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2025-12-15 | A | 2,671 | — | $0 |
| 2025-12-17 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2025-12-15 | A | 21,375 | — | $0 |
| 2025-12-17 | Salaman Michael | Director, Officer (President) | 2025-12-15 | A | 50,000 | — | $0 |
| 2025-12-17 | Lampert Darren | Director, Officer (CEO) | 2025-12-15 | A | 50,000 | — | $0 |
| 2025-11-14 | Lampert Darren | Director, Officer (CEO) | 2025-11-13 | S | (56,540) | $1.61 | -$91,029 |
| 2025-11-14 | Lampert Darren | Director, Officer (CEO) | 2025-11-12 | S | (70,280) | $1.74 | -$122,287 |
| 2025-09-23 | Aiello Stephen | Director | 2025-09-22 | P | 133,334 | $1.66 | $221,334 |
| 2025-09-19 | Carter Starlett | Director | 2025-09-18 | A | 20,000 | — | $0 |
| 2025-09-19 | Aiello Stephen | Director | 2025-09-18 | A | 20,000 | — | $0 |
| 2025-09-19 | ADAMS EULA L | Director | 2025-09-18 | A | 25,000 | — | $0 |
| 2025-06-17 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2025-06-15 | A | 21,374 | — | $0 |
| 2025-06-17 | Salaman Michael | Director, Officer (President) | 2025-06-15 | A | 50,000 | — | $0 |
| 2025-06-17 | Lampert Darren | Director, Officer (CEO) | 2025-06-15 | A | 50,000 | — | $0 |
| 2025-03-20 | Salaman Michael | Director, Officer (President) | 2025-03-19 | P | 85,465 | $1.21 | $103,413 |
| 2025-03-20 | Lampert Darren | Director, Officer (CEO) | 2025-03-19 | P | 82,639 | $1.19 | $98,340 |
| 2024-12-17 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2024-12-15 | A | 2,677 | — | $0 |
| 2024-12-17 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2024-12-15 | A | 21,419 | — | $0 |
| 2024-12-17 | Salaman Michael | Director, Officer (President) | 2024-12-15 | A | 25,000 | — | $0 |
| 2024-12-17 | Salaman Michael | Director, Officer (President) | 2024-12-15 | A | 25,000 | — | $0 |
| 2024-12-17 | Lampert Darren | Director, Officer (CEO) | 2024-12-15 | A | 25,000 | — | $0 |
| 2024-12-17 | Lampert Darren | Director, Officer (CEO) | 2024-12-15 | A | 25,000 | — | $0 |
| 2024-11-20 | Salaman Michael | Director, Officer (President) | 2024-11-19 | P | 58,476 | $1.74 | $101,748 |
| 2024-11-20 | Lampert Darren | Director, Officer (CEO) | 2024-11-19 | P | 57,467 | $1.75 | $100,567 |
| 2024-09-30 | Carter Starlett | Director | 2024-09-27 | A | 20,000 | — | $0 |
| 2024-09-30 | Aiello Stephen | Director | 2024-09-27 | A | 20,000 | — | $0 |
| 2024-09-30 | ADAMS EULA L | Director | 2024-09-27 | A | 25,000 | — | $0 |
| 2024-08-28 | ADAMS EULA L | Director | 2024-08-27 | P | 25,000 | $2.02 | $50,500 |
| 2024-08-16 | Aiello Stephen | Director | 2024-08-15 | P | 48,916 | $2.03 | $99,299 |
| 2024-08-16 | Aiello Stephen | Director | 2024-08-14 | P | 51,084 | $1.91 | $97,570 |
| 2024-08-15 | Salaman Michael | Director, Officer (President) | 2024-08-14 | P | 19,996 | $1.90 | $37,992 |
| 2024-08-15 | Lampert Darren | Director, Officer (CEO) | 2024-08-14 | P | 19,996 | $1.90 | $37,992 |
| 2024-08-15 | Salaman Michael | Director, Officer (President) | 2024-08-13 | P | 85,301 | $1.88 | $160,195 |
| 2024-08-15 | Lampert Darren | Director, Officer (CEO) | 2024-08-13 | P | 85,300 | $1.88 | $160,193 |
| 2024-06-18 | Lampert Darren | Director, Officer (CEO) | 2024-06-15 | A | 25,000 | — | $0 |
| 2024-06-18 | Lampert Darren | Director, Officer (CEO) | 2024-06-15 | A | 25,000 | — | $0 |
| 2024-06-18 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2024-06-15 | A | 21,419 | — | $0 |
| 2024-06-18 | Salaman Michael | Director, Officer (President) | 2024-06-15 | A | 25,000 | — | $0 |
| 2024-06-18 | Salaman Michael | Director, Officer (President) | 2024-06-15 | A | 25,000 | — | $0 |
| 2024-06-03 | Sanders Gregory Kevin | Officer (Chief Financial Officer) | 2024-06-01 | A | 1,635 | $2.53 | $4,137 |