GrowGeneration Corp

NASDAQCM:GRWG

United States / Consumer Discretionary / Specialty Retail

Overview

News

5Y Historical Financials

Stock Price

1.05 USD


Key Metrics	Latest
Total Revenue	188.9 M
Adjusted EBITDA	-23.566 M
EBITDA Margin	-12.5%
Net Profit Margin	-20.6%
Total Assets	174.4 M
Total Debt	37.031 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	193.37	422.49	278.17	225.88	188.87	188.87	225.88	188.87
% Growth		1.18	(0.34)	(0.19)	(0.16)			(0.16)

Adjusted EBITDA	11.07	28.30	(22.71)	(17.58)	(23.57)	(23.57)	(17.58)	(23.57)
% Margin	0.06	0.07	(0.08)	(0.08)	(0.12)	(0.12)	(0.08)	(0.12)

Adjusted EBIT	8.64	15.70	(39.84)	(34.19)	(37.70)	(37.70)	(34.19)	(37.70)
% Margin	0.04	0.04	(0.14)	(0.15)	(0.20)	(0.20)	(0.15)	(0.20)

Adjusted Net Income	5.48	13.30	(69.00)	(34.91)	(38.91)	(38.91)	(34.91)	(38.91)
% Margin	0.03	0.03	(0.25)	(0.15)	(0.21)	(0.21)	(0.15)	(0.21)

Adjusted Basic EPS	0.12	0.22	(1.13)	(0.57)	(0.65)	(0.65)	(0.57)	(0.65)

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	193	422	278	226	189	189	226	189
% Growth	NA	118.5%	-34.2%	-18.8%	-16.4%			-16.4%

Cost of Revenue	(142)	(304)	(208)	(165)	(144)	(144)	(165)	(144)
Gross Profit	51	118	70	61	45	45	61	45
% Revenue	26.4%	28.0%	25.3%	27.1%	23.7%	23.7%	27.1%	23.7%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	(1)	(4)	(4)	(2)	(2)	(2)	(2)	(2)
General and Admin	(39)	(86)	(89)	(77)	(66)	(66)	(77)	(66)
Other Inc / (Exp)	(3)	(14)	(144)	(31)	(28)	(28)	(31)	(28)
Total Operating Exp	(42)	(103)	(237)	(110)	(97)	(97)	(110)	(97)

Operating Income	9	15	(167)	(49)	(52)	(52)	(49)	(52)
% Revenue	4.4%	3.5%	-60.1%	-21.7%	-27.5%	-27.5%	-21.7%	-27.5%

Interest Expense	0	0	1	3	3	3	3	3
Pre-tax Income	9	15	(167)	(46)	(49)	(49)	(46)	(49)
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(3)	(2)	3	(0)	(0)	(0)	(0)	(0)
Net Income to Company	5	13	(164)	(46)	(50)	(50)	(46)	(50)
% Margin	2.8%	3.0%	-58.9%	-20.6%	-26.2%	-26.2%	-20.6%	-26.2%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	5	13	(164)	(46)	(50)	(50)	(46)	(50)

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	5	13	(164)	(46)	(50)	(50)	(46)	(50)
% Margin	2.8%	3.0%	-58.9%	-20.6%	-26.2%	-26.2%	-20.6%	-26.2%

As Reported
Basic EPS (Continuing Ops)	0.12	0.22	(2.69)	(0.76)	(0.82)	(0.82)	(0.76)	(0.82)
Diluted EPS (Continuing Ops)	0.11	0.21	(2.69)	(0.76)	(0.82)	(0.82)	(0.76)	(0.82)

WA Basic Shares Out.	43.95	59.22	60.81	61.18	60.18	60.18	61.18	60.18
WA Diluted Shares Out.	46.46	60.46	60.81	61.18	60.18	60.18	61.18	60.18

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	9	15	(167)	(46)	(49)	(49)	(46)	(49)
Addback: Net Interest Expense	(0)	(0)	(1)	(3)	(3)	(3)	(3)	(3)
Addback: Other Non Operating Expenses, Total	(0)	0	(1)	(1)	(0)	(0)	(1)	(0)
Addback: Depreciation & Amortization	2	13	17	17	14	14	17	14
Addback: Restructuring Charges	0	0	0	0	8	8	0	8
Addback: Merger / Acquisition Expenses	0	1	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	128	16	7	7	16	7
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	11	28	(23)	(18)	(24)	(24)	(18)	(24)
% Margin	5.7%	6.7%	-8.2%	-7.8%	-12.5%	-12.5%	-7.8%	-12.5%

Adjusted EBIT	9	16	(40)	(34)	(38)	(38)	(34)	(38)
% Margin	4.5%	3.7%	-14.3%	-15.1%	-20.0%	-20.0%	-15.1%	-20.0%

Adjusted Net Income Reconciliation
Net Income to Company	5	13	(164)	(46)	(50)	(50)	(46)	(50)
Addback: Unusual Items	0	1	128	16	14	14	16	14
Less: Tax Benefit of Unusual Items (26%)	(0)	(0)	(33)	(4)	(4)	(4)	(4)	(4)
Adjusted Net Income	5	13	(69)	(35)	(39)	(39)	(35)	(39)
% Margin	2.8%	3.1%	-24.8%	-15.5%	-20.6%	-20.6%	-15.5%	-20.6%

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GrowGeneration Corp

NASDAQCM:GRWG

United States / Consumer Discretionary / Specialty Retail

5Y Historical Financials