Quarterly ResultMay 1, 2026, 05:32 PM
Grown Rogue Reports 2025 Net Income $3.23M, Revenue $32.43M
AI Summary
Grown Rogue International Inc. filed an Amendment No. 1 to its Form 10-K, primarily updating its financial statements and including new SOX certifications. The company reported a net income of $3.23 million for 2025, a significant improvement from a $15.98 million loss in 2024, with total revenue increasing to $32.43 million. The filing also notes the company's transition from IFRS to U.S. GAAP, effective January 1, 2025, with comparative figures for 2024 adjusted accordingly.
Key Highlights
- Net income for 2025 was $3,229,957, a significant improvement from a $(15,979,351) loss in 2024.
- Total revenue increased to $32,427,936 in 2025 from $26,622,324 in 2024.
- Gross profit for 2025 was $14,146,682, up from $13,242,978 in 2024.
- Total assets as of December 31, 2025, reached $62,736,536, compared to $45,638,098 in 2024.
- Total shareholders' equity grew to $23,918,347 in 2025 from $10,575,619 in 2024.
- Cash and cash equivalents increased to $11,371,834 in 2025 from $4,917,708 in 2024.
- Basic and diluted EPS for 2025 was $0.01, compared to $(0.08) in 2024.
- The company transitioned from IFRS to U.S. GAAP effective January 1, 2025.