GrowGeneration Corp. (GRWG)

GrowGeneration reported its third-quarter 2025 financial results on November 6, 2025, with net sales of $47.3 million, a 15.4% increase quarter-over-quarter. On March 19, 2026, GrowGeneration reported its fourth-quarter and full-year 2025 financial results, with Q4 net sales of $37.8 million, a 1.0% improvement compared to the prior year. For the full year 2025, net sales were $161.7 million, and the company announced a $10 million share repurchase program. GrowGeneration participated in the 38th Annual ROTH Conference from March 22-24, 2026.

GrowGeneration's products and services experience demand seasonality. The company's outlook for the fourth quarter of 2025 reflected "normal seasonality" in its sales expectations. Historically, November has been the strongest month, while December tends to be the weakest month. The company's 2026 outlook also assumes a softer first quarter due to seasonal factors, with profitability expected to build through the second and third quarters.

GrowGeneration Corp. is a major supplier of specialty products for controlled environment agriculture, commercial cultivation, and retail garden centers in the United States. The company offers a range of products, including organic nutrients, advanced lighting, environmental control systems, growing media, and irrigation equipment. GrowGeneration also provides design, consulting, and project management services, serving both commercial and home growers, with a focus on the legal cannabis market.

GrowGeneration has retail and warehouse space across multiple states and online platforms. As of September 30, 2025, the company's Cultivation and Gardening segment spanned 650,000 square feet of retail and warehouse space, encompassing 24 retail locations across 11 states. In 2024, the company consolidated 19 retail stores, operating 31 retail locations across 12 states with approximately 724,000 square feet of retail and warehouse space. As of March 1, 2022, GrowGeneration operated 63 stores across 14 states. The company also serves customers through its online platforms, such as growgeneration.com, and a B2B customer portal.

GrowGeneration has focused on strategic initiatives to enhance its brand reputation, including expanding its proprietary brand portfolio and introducing new products. The company announced a strategic co-marketing and sales collaboration with Netafim and a partnership with Arett Sales to expand nationwide distribution of its proprietary cultivation brands. These actions demonstrate a commitment to innovation, market expansion, and strengthening its product offerings.

GrowGeneration Corp. is owned by a mix of institutional shareholders, insiders, and retail investors. Institutional shareholders hold 30.29% of the stock, insiders hold 25.65%, and retail investors hold 44.06%. As of March 23, 2026, there were 108 institutional owners and shareholders holding a total of 18,949,346 shares. Gotham Green Partners LLC is the largest individual GrowGeneration shareholder, owning 6.69 million shares, representing 11.14% of the company.