Business
GrowGeneration Reports First Quarter 2026 Financial Results
Second Consecutive Quarter of Year-Over-Year Revenue Growth driven by Commercial B2B Sales Net Loss Improved by $4.5 million and Adjusted EBITDA Improved by $2.4 million Year-Over-Year, Reflecting Operating Leverage from Cost Actions Proprietary Brand Penetration Increased 500 Basis Points Year-Over-Year to 37.0% of Cultivation and Gardening Revenue $41.1 million in Cash, Cash Equivalents, and Marketable Securities with no Debt Company Reaffirms 2026 Outlook: Revenue of $162 million to $168 mill
About this update from Growgeneration Corp.
[{"type":"image","alt":"GrowGeneration Corp.","displaySize":"","headline":null,"caption":"GrowGeneration Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":299,"height":53,"url":"https://media.zenfs.com/en/globenewswire.com/43190c37199d98e7d71995d4509cab3f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fjBNUyusRKPUgrMTQ0jp5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/43190c37199d98e7d71995d4509cab3f","width":299,"height":53},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/fjBNUyusRKPUgrMTQ0jp5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/43190c37199d98e7d71995d4509cab3f","width":299,"height":53}},"lazy":false},{"type":"text","content":"Second Consecutive Quarter of Year-Over-Year Revenue Growth driven by Commercial B2B Sales","length":90,"tagName":"p"},{"type":"text","content":"Net Loss Improved by $4.5 million and Adjusted EBITDA Improved by $2.4 million Year-Over-Year, Reflecting Operating Leverage from Cost Actions","length":142,"tagName":"p"},{"type":"text","content":"Proprietary Brand Penetration Increased 500 Basis Points Year-Over-Year to 37.0% of Cultivation and Gardening Revenue ","length":117,"tagName":"p"},{"type":"text","content":"$41.1 million in Cash, Cash Equivalents, and Marketable Securities with no Debt","length":79,"tagName":"p"},{"type":"text","content":"Company Reaffirms 2026 Outlook: Revenue of $162 million to $168 million and Approximately Breakeven Adjusted EBITDA(1)","length":118,"tagName":"p"},{"type":"text","content":"DENVER, May 12, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGeneration,” “GrowGen,” or the “Company”), one of the nation’s largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, today announced financial results for the first quarter of 2026.","length":347,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Summary","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales of $38.4 million, up 7.5% year-over-year;","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 37.0%, compared to 32.0% in the first quarter of 2025;","le...