Quarterly ResultMay 12, 2026, 05:11 PM
GrowGeneration Q1 Net Sales $38.39M; Net Loss Narrows to $4.92M
AI Summary
GrowGeneration Corp. reported improved financial results for the first quarter of 2026, with net sales increasing to $38.39 million and net loss significantly narrowing to $4.92 million, or $(0.08) per share. Both the Cultivation and Gardening and Storage Solutions segments contributed to the sales growth. The company's Board also authorized a $10.0 million share repurchase program, signaling confidence in future value, despite a decrease in cash and cash equivalents and increased cash used in operating activities.
Key Highlights
- Net sales increased to $38,391K for Q1 2026, up from $35,703K in Q1 2025.
- Net loss significantly narrowed to $4,922K in Q1 2026, compared to $9,377K in Q1 2025.
- Basic net loss per share improved to $(0.08) in Q1 2026 from $(0.16) in Q1 2025.
- Board authorized a $10.0 million share repurchase program commencing April 24, 2026.
- Cultivation and Gardening segment sales rose to $31,897K from $30,911K year-over-year.
- Storage Solutions segment sales increased to $6,494K from $4,792K year-over-year.
- Cash and cash equivalents decreased to $21,679K as of March 31, 2026, from $30,406K at year-end 2025.
- Net cash used in operating activities increased to $5,048K from $3,829K year-over-year.
Price Impact
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