Quarterly ResultAug 11, 2026, 04:15 PM
GrowGeneration Q2 Net Sales $43.2M; Raises FY26 Adj. EBITDA to $2-3M
AI Summary
GrowGeneration reported Q2 2026 financial results with net sales of $43.2 million, a 5.5% year-over-year increase, marking its third consecutive quarter of growth. The company achieved a positive Adjusted EBITDA of $0.3 million, a significant improvement from a $1.3 million loss in the prior year. GrowGeneration reaffirmed its full-year 2026 revenue outlook of $162 million to $168 million and raised its Adjusted EBITDA guidance to $2 million to $3 million. The company also increased proprietary brand penetration to 39.7% of Cultivation and Gardening revenue and maintained a strong balance sheet with $41.0 million in cash and no debt.
Key Highlights
- Q2 2026 Net Sales: $43.2 million, up 5.5% year-over-year.
- Q2 2026 Net Loss: $2.0 million, improved from $4.8 million year-over-year.
- Q2 2026 Adjusted EBITDA: $0.3 million gain, compared to $1.3 million loss YoY.
- Full-year 2026 Adjusted EBITDA guidance raised to $2 million to $3 million.
- Proprietary brand penetration reached 39.7% of Cultivation and Gardening revenue.
- Cash, cash equivalents, and marketable securities: $41.0 million with no debt.
- Total operating expenses decreased 13.1% to $14.7 million in Q2 2026.
- Reaffirmed full-year 2026 net revenue outlook: $162 million to $168 million.
Price Impact
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