See more : NCC AB (publ) (NCC-A.ST) Income Statement Analysis – Financial Results
Complete financial analysis of GrowGeneration Corp. (GRWG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GrowGeneration Corp., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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GrowGeneration Corp. (GRWG)
About GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of March 01, 2022, it operated a chain of 63 stores, which includes 23 in California, 8 in Colorado, 7 in Michigan, 5 in Maine, 6 in Oklahoma, 4 in Oregon, 3 in Washington, 2 in Nevada, 1 in Arizona, 1 in Rhode Island, 1 in Florida, 1 in Massachusetts, and 1 in New Mexico, as well as growgeneration.com, an online superstore for cultivators. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 225.88M | 278.17M | 422.49M | 193.37M | 79.73M | 29.00M | 14.36M | 7.98M | 3.46M | 1.44M |
| Cost of Revenue | 164.62M | 207.90M | 304.25M | 142.32M | 57.17M | 22.56M | 11.09M | 5.78M | 2.35M | 974.68K |
| Gross Profit | 61.26M | 70.26M | 118.24M | 51.05M | 22.56M | 6.44M | 3.27M | 2.20M | 1.10M | 468.16K |
| Gross Profit Ratio | 27.12% | 25.26% | 27.99% | 26.40% | 28.30% | 22.22% | 22.76% | 27.62% | 31.93% | 32.45% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 28.00M | 32.76M | 36.90M | 21.45M | 9.28M | 5.15M | 3.01M | 2.07M | 1.39M | 253.31K |
| Selling & Marketing | 1.80M | 4.00M | 4.00M | 996.00K | 737.00K | 269.55K | 264.63K | 107.74K | 51.33K | 19.43K |
| SG&A | 29.80M | 36.76M | 40.90M | 21.45M | 9.28M | 5.15M | 3.01M | 2.18M | 1.44M | 688.71K |
| Other Expenses | 81.30M | 71.81M | 62.34M | 21.16M | 11.14M | 115.88K | 1.21K | 357.55K | -11.22K | 0.00 |
| Operating Expenses | 111.10M | 108.57M | 103.24M | 42.61M | 20.42M | 10.70M | 6.12M | 2.54M | 1.60M | 695.75K |
| Cost & Expenses | 275.73M | 316.47M | 407.49M | 184.93M | 77.59M | 33.26M | 17.21M | 8.31M | 3.95M | 1.67M |
| Interest Income | 2.70M | 580.00K | 486.00K | 43.93K | 144.73K | 79.18K | 0.00 | 0.00 | 2.92K | 0.00 |
| Interest Expense | 97.00K | 21.00K | 43.00K | 14.05K | 401.50K | 1.01M | 15.34K | 5.25K | 0.00 | 0.00 |
| Depreciation & Amortization | 16.61M | 17.13M | 12.60M | 2.44M | 1.05M | 351.07K | 151.56K | 52.96K | 16.44K | 4.28K |
| EBITDA | -29.76M | -149.48M | 27.87M | 11.03M | 2.77M | -3.71M | -2.38M | -373.03K | -499.61K | -220.22K |
| EBITDA Ratio | -13.18% | -7.16% | 6.60% | 5.70% | 4.17% | -12.79% | -18.78% | -3.84% | -14.46% | -15.26% |
| Operating Income | -49.84M | -38.31M | 15.00M | 8.44M | 2.14M | -4.26M | -2.85M | -425.99K | -514.62K | -224.50K |
| Operating Income Ratio | -22.07% | -13.77% | 3.55% | 4.36% | 2.68% | -14.67% | -19.84% | -5.34% | -14.89% | -15.56% |
| Total Other Income/Expenses | 3.38M | 1.24M | 227.00K | 141.68K | -261.00K | -818.11K | 307.93K | -5.25K | -10.92K | -3.08K |
| Income Before Tax | -46.46M | -166.63M | 15.23M | 8.58M | 1.88M | -5.07M | -2.54M | -431.24K | -528.76K | -227.59K |
| Income Before Tax Ratio | -20.57% | -59.90% | 3.60% | 4.44% | 2.36% | -17.50% | -17.70% | -5.40% | -15.30% | -15.77% |
| Income Tax Expense | 32.00K | -2.89M | 2.44M | 3.25M | 396.95K | 195.06K | 16.55K | -862.49M | -8.30K | 0.00 |
| Net Income | -46.50M | -163.75M | 12.79M | 5.33M | 1.48M | -5.07M | -2.54M | -431.24K | -528.76K | -227.59K |
| Net Income Ratio | -20.58% | -58.87% | 3.03% | 2.76% | 1.86% | -17.50% | -17.70% | -5.40% | -15.30% | -15.77% |
| EPS | -0.76 | -2.69 | 0.22 | 0.12 | 0.05 | -0.22 | -0.18 | -0.05 | -0.04 | -0.04 |
| EPS Diluted | -0.76 | -2.69 | 0.21 | 0.11 | 0.04 | -0.22 | -0.18 | -0.05 | -0.04 | -0.04 |
| Weighted Avg Shares Out | 61.18M | 60.81M | 59.22M | 43.94M | 32.83M | 23.06M | 14.13M | 9.15M | 11.89M | 6.00M |
| Weighted Avg Shares Out (Dil) | 61.18M | 60.81M | 60.46M | 46.46M | 33.91M | 23.49M | 14.51M | 9.15M | 11.89M | 6.00M |
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