GrowGeneration Reports First Quarter 2026 Financial Results
GrowGeneration reported Q1 2026 net sales of $38.4 million, up 7.5% year-over-year, driven by commercial B2B sales. The company's net loss improved by $4.5 million to $4.9 million, and Adjusted EBITDA loss narrowed by $2.4 million to $1.6 million, reflecting the benefits of cost-reduction initiatives. Proprietary brand sales as a percentage of Cultivation and Gardening revenue increased to 37.0%, up from 32.0% in Q1 2025, positioning the company to reach its 40% year-end target.
Key figures
- Revenue
- 38391000
- Guidance
- 2026 revenue $162M-$168M, breakeven Adjusted EBITDA
- Revenue Yoy
- 7.5%
- Inventory
- 36953000
- Gross profit margin
- 25.4%
- Marketable securities
- 19440000
- Total operating expenses
- 15005000
- Cash and cash equivalents
- 21679000
- Total current liabilities
- 24611000
- Proprietary brand sales percentage
- 37.0%
AI analysis
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