GrowGeneration Corp. (GRWG) Income Statement Analysis

See more : Eldav Investments Ltd. (ELDAV.TA) 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)

Industry: Specialty Retail

Sector: Consumer Cyclical

Website: https://www.growgeneration.com

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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