Quarterly ResultMay 12, 2026, 04:14 PM
GrowGeneration Q1 Revenue +7.5% to $38.4M; Net Loss Improves
AI Summary
GrowGeneration Corp. reported its first quarter 2026 financial results, showing a 7.5% year-over-year increase in net sales to $38.4 million. The company significantly improved its net loss by $4.5 million to $4.9 million and its Adjusted EBITDA loss by $2.4 million to $1.6 million, reflecting benefits from cost actions. Proprietary brand penetration grew to 37.0% of Cultivation and Gardening revenue, and the company reaffirmed its full-year 2026 guidance for revenue between $162 million and $168 million, expecting approximately breakeven Adjusted EBITDA.
Key Highlights
- Net sales increased 7.5% year-over-year to $38.4 million in Q1 2026.
- Net loss improved by $4.5 million year-over-year to $4.9 million.
- Adjusted EBITDA loss improved by $2.4 million year-over-year to $1.6 million.
- Proprietary brand sales reached 37.0% of Cultivation and Gardening net sales, up from 32.0%.
- Total operating expenses decreased 23.4% to $15.0 million.
- Cash, cash equivalents, and marketable securities totaled $41.1 million with no debt.
- Reaffirmed full-year 2026 revenue guidance of $162 million to $168 million.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of approximately breakeven.